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IPFS News Link • Economy - Economics USA

Saudi Firm Buys GE Plastics for $11.6B

5-21-2007 • AP

General Electric Co. said Monday it will sell its GE Plastics division to petrochemicals manufacturer Saudi Basic Industries Corp. for about $11.6 billion. GE said it would use the proceeds primarily to increase its planned 2007 stock buyback prog

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Reported By Powell Gammill

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