A look at the Wall Street rumor mill - Unfiltered. Most of the rumors posted on this blog will never, ever, ever come true. Many are BS. Even more are wishful thinking. YOU SHOULD NEVER BUY A STOCK ON A RUMOR - NEVER! GOT IT? NOW ENJOY.
Monday, March 26, 2007
FT.com Reports Saudi Basic Industries Corporation May Look to Acquire GE's (GE) Plastic Division
FT.com reports Saudi Basic Industries Corporation has hired Citigroup to advise on a potential $12 billion bid to acquire General Electric's (NYSE: GE) Plastic Division. In January, GE hired Goldman Sachs to help explore the sale of the company's plastics unit.