Deals
GE M&A Strategy Seen as Key 2014 Issue by Morgan Stanley
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General Electric Co. investors are looking for signs that the world’s largest maker of jet engines and medical scanners will embrace a more aggressive approach to acquisitions in 2014, according to Morgan Stanley.
Chief Executive Officer Jeffrey Immelt may earmark more money for deals next year as he makes progress toward his goal of shrinking GE’s finance unit, Nigel Coe, a Morgan Stanley analyst, said today in a note to clients. Immelt said in 2012 his focus was on “bolt-on” purchases of $4 billion or less.