|
 FAIRFIELD, Conn. (AP) - General Electric Co. is close to an agreement with a Saudi industrial giant to buy GE's plastics division for about $11 billion, The Wall Street Journal reported Thursday.
GE has been in talks with Saudi Basic Industries Corp., Saudi Arabia's largest industrial firm. Another suitor in what has been a long auction process is Basell, of Hoofddorp, Netherlands, the newspaper reported on its Web site.
The Journal, citing people familiar with the matter that it did not identify, said an agreement could come as soon as Monday.
|
|