To: Tim Luke who wrote (62591 ) 9/24/1999 3:20:00 PM From: G3 Read Replies (2) | Respond to of 90042
GEC ON A BUYING SPREE (ONE YEAR'S WORTH LISTED) RNS No 6936j GENERAL ELECTRIC COMPANY PLC 31 August 1999 GEC ACQUIRES A 15% STAKE IN XCERT INTERNATIONAL The General Electric Company, p.l.c. ("GEC") today announces that it has acquired, for US $15 million in cash, newly issued shares in Xcert International, Inc. ("Xcert") representing 15% of the fully diluted capital stock of Xcert, together with a series of options to acquire a majority of the shares in the company. Thereafter, GEC would also have the ability in certain circumstances to acquire the remaining shares of Xcert. Xcert, headquartered in Walnut Creek, California, provides digital certificate software products and services for corporate enterprises and government agencies enabling trusted and secure business-to-business communications and commerce over the internet. The acquisition of this stake in Xcert is in line with GEC's stated strategy to transform itself into a group focused on communications and technology markets. -------- RNS No 7177a GENERAL ELECTRIC COMPANY PLC 1 July 1999 THE GENERAL ELECTRIC COMPANY, p.l.c. ACQUISITION OF THE RDC COMMUNICATIONS BUSINESS The General Electric Company, p.l.c. (GEC) announces that a GEC subsidiary has entered into an agreement to purchase the business and substantially all the assets of RDC Communications Ltd. (RDC), an Israeli company specialising in innovative wireless networking solutions. The consideration payable to RDC will amount to approximately US$39 million in cash. -------- RNS No 3556u GENERAL ELECTRIC COMPANY PLC 1st March 1999 FOR DISTRIBUTION IN THE UK AND THE US THE GENERAL ELECTRIC COMPANY, P.L.C. AGREES TO ACQUIRE RELTEC CORPORATION IN $2.1 BILLION CASH TRANSACTION LONDON, ENGLAND AND CLEVELAND, OHIO, US - 1 MARCH 1999 - The General Electric Company, p.l.c. ("GEC") and RELTEC Corporation ("RELTEC") (NYSE:RLT) today announce the agreement for the acquisition of RELTEC for total consideration of $2.1 billion (#1.3 billion) including assumed net debt of $361 million, at an agreed price of $29.50 per share in cash. This represents a premium of 36% to the closing price on Friday, 26 February 1999. GEC and RELTEC have entered into a definitive merger agreement under which an affiliate of GEC will commence a cash tender offer for all of RELTEC's shares at $29.50 per share. Simultaneously, affiliates of Kohlberg Kravis Roberts & Co., L.P. ("KKR"), the controlling shareholders, have entered into a stockholder agreement whereby they have agreed to tender their approximately 81.5 per cent. stake in RELTEC into the Offer and to exercise rights to require holders of an additional 5.9 per cent. to tender their shares into the Offer. RELTEC, with revenues in excess of $1 billion, is a leader in the design, manufacture and sale of telecommunication network products, including in the high growth market for Access products in the US. Access products offer broadband solutions to telecommunication companies faced with network capacity constraints, resulting from the dramatic growth in data, video and voice traffic over the local loop - the "last mile" connection to residential and business subscribers. RELTEC's key customers for Access products in the US market include a number of premier telecommunication companies. -------- RNS No 3163d GENERAL ELECTRIC COMPANY PLC 30th November 1998 GEC COMPLETES ACQUISITION OF ELSCINT CT DIVISION Picker International, a wholly-owned subsidiary of GEC, has acquired the operations of the CT (Computed Tomography) division of Elscint in Israel, the US and certain other territories. Acquisition by Picker of the remaining operations of Elscint's CT division is expected to be completed in the near future. The total consideration to be paid for the CT division of Elscint is $269.5 million, subject to adjustment. The acquisition takes Picker to number two position in terms of its share of the global CT market. With the strong R&D capabilities of Elscint, Picker will also be well-positioned to lead any future advances in CT technology. -------- RNS No 2337m GEC PLC 4th August 1998 GEC COMPLETES ACQUISITION OF MINORITY STAKE IN GPT Following the receipt of regulatory approvals, The General Electric Company, p.l.c. today completed the acquisition of the outstanding 40 percent stake in GPT and the disposal of the Group's holding of 50 percent less one share in Siemens GEC Communication Systems. The net consideration paid to Siemens was #610 million. GEC will combine GPT and the telecoms operations of its wholly- owned subsidiary, Marconi SpA, to form Marconi Communications. The Managing Director of Marconi SpA, Sandro Gualano, will become Chairman of Marconi Communications. The former Managing Director of GEC's UK Industrial Electronics companies, Mike Parton, will become Managing Director of Marconi Communications. The formation of Marconi Communications is in line with GEC's strategy of becoming a high technology, high margin, high growth Group. The new company will create increasing value for GEC through a strengthened R&D programme and product offering; cost synergies and revenue enhancements; and an enlarged platform in the fast-growing global telecoms industry.