Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (34410)	3/18/2002 5:03:34 PM
From: Paul Shread	Read Replies (1) \| Respond to of 209892

Move along. There's nothing to see here. -g-

To: Shack who wrote (34410)	3/18/2002 5:04:20 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 209892

<<Well if you add in the $11 billion from the bond last week, that's more than their book value and should be very disturbing to all.>> Can't speak for anyone else, but I KNOW I'm very disturbed!<G?>

To: Shack who wrote (34410)	3/18/2002 5:05:53 PM
From: Paul Shread	Read Replies (2) \| Respond to of 209892

Add this to your calculations: General Electric to split off Employers Re unit-WSJ NEW YORK, March 15 (Reuters) - General Electric Co. (NYSE:GE - news) is in the early stages of considering a plan to split off Employers Reinsurance Corp., its property-and-casualty insurance unit, the Wall Street Journal reported on Friday. The move could involve an initial public offering of 20 percent of the unit later this year, the Journal said, citing people familiar with the matter. An IPO could be expected to value the business at $8 billion to $10 billion, the Journal said. General Electric was not immediately available to comment on the Journal article. ``Since Employers Reinsurance was acquired in 1984, it has generated nearly a 22 percent return on investment. Today, however, the property and casualty market suffers from a challenging pricing environment, escalating claims costs, soft contract terms, the September 11 attack and a toughened investment environment,'' GE said in its 2001 annual report. After the 20 percent IPO, the company would probably wait for a tax opinion before spinning off the remaining 80 percent, the Journal reported. Among the investment banks interested in the IPO are Goldman Sachs, Morgan Stanley and Merrill Lynch, the Journal said.