GE rumoured to be considering GBP 5.9bn offer for Weir
General Electric (GE) is rumoured to be considering a GBP 5.9bn (EUR 7.1bn) offer for UK-listed Weir Group, the Daily Mail reported. According to rumours from the USA, Fairfield, Connecticut-headquartered GE is looking at bidding GBP 28 per share in the next few weeks for Weir, which manufactures pumps and valves for mining, gas and oil sectors, the report said.
Glasgow-based Weir has a current market capitalisation of GBP 4.4bn on the London Stock Exchange.
Source Daily Mail