By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Forecasting a revitalized merger and acquisition market, the folks at Dow Jones Investment Banker have revisited a favorite rumor-du-jour, circa 2008: Haier’s purchase of GE Appliances. “While not probable,” DJIB writes, “the provocative prediction has a compelling logic and could create value.”
With GE’s stock in the doldrums, they argue, “Shareholders wouldn’t balk at cashing out of a business that, whatever its iconic status, accounts for just 2 percent of profits.” GE had hoped to get a minimum of $5 billion for the division before calling off the sale, putting it well within reach of Haier, which has a market cap of about $25 billion and a relatively clean balance sheet, the Dow Jones researchers said.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.