GE sells new developments in the remaining lighting business: about 50 businesses are interested, except for wood

According to sources quoted by foreign media, about 50 companies have expressed their initial interest in the remaining part of the GE lighting sale. In the second quarter, the GE will meet with key, potential customers and plan to accept bids in the third quarter. GE said the plan will complete the transaction in the fourth quarter.

The remaining business will be likely to be packaged and sold: GE lighting, Current, and Daintree Networks, a new building automation company located in Melbourne, which is acquired by GE. However, the sales table also identifies the difference between GE lighting and Current, so GE may also sell the business alone.

GE hopes the price of the merger will be $1 billion, but it is also heard that the price should be between $400 million and $600 million. Some say the company may be worth $1 billion in the past few years, but not today.

In addition, there have been media reports that Mr. Lin and FSL have been talking to banks about financing for possible asset acquisitions, but he has publicly denied that they are interested. Now, he has a 100% stake in LEDVANCE, and obviously, it's unlikely to have a company that owns GE lighting and LEDVANCE.

Source: China's optical network

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