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- Shares of General Electric rose nearly 4% in after-hours trading on Friday following a report Apollo was considering making a bid for its jet-leasing business.
- The deal could be worth up to $40 billion, Bloomberg News reports.
- Follow GE’s stock price here on Markets Insider.
Shares of General Electric jumped 4% in after-hours trading on Friday after a report said Apollo was considering making a bid for GE’s jet-leasing business, GE Capital Aviation Services.
The asset manager is reportedly talking to bankers about lining up debt to buy all or part of the unit, Bloomberg News reported. The deal could be worth up to $40 billion, according to Bloomberg citing people familiar with the matter.
After plummeting in 2018, GE shares rose 7% on the first day of trading in 2019. The industrial conglomerate’s stock price is down 54% in one year.
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- Markets Insider