Financial Accounting Blog

Friday, October 10, 2003

This article discusses the buyout of Amersham Plc by GE. This represents the biggest European takeover for GE and increases the size of GE's Medical Systems unit. "Amersham is the biggest maker of injectable dyes used in magnetic resonance imaging and other medical-screening machines".

This buyout closes out a week where GE has also put some of the initial details in the merger with Vivendi Universal. This buyout further emphasizes Jeff Immelt's strategy to invest in technology.