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US: Analysts predict General Electric’s new M&A path

By  |  September 6, 2013

As General Electric bolsters its oil and gas operations, analysts are mulling the company’s next buyout move, identifying Dresser-Rand and Dril-Quip as possible new targets.

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    GE is reportedly sitting in a stockpile of cash, the largest it’s been in at least 10 years, as it continues to strengthen its gas and oil unit.

    The business is GE’s fastest growing since 2008; CEO Jeffrey Immelt built up the gas and oil operations through acquisitions, including the recent $3 billion buyout of Lufkin.

    Dresser-Rand focuses on the compressors and turbines business, while Dril-Quip manufacturers subsea drilling equipment.

    Reports say that antitrust regulators could be skeptical of such deals, and GE declined to comment on the speculation of future buyouts.

    Reports say GE currently has $19.3 billion in cash that it could use for potential deals.

    Full Content: Bloomberg

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