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GE Chief Immelt Sees Room for More Acquisitions, FAZ Reports

Feb. 29 (Bloomberg) -- General Electric Co. Chief Executive Officer Jeffrey Immelt said the U.S. company always has “room for acquisitions” and is eyeing candidates that could cost $3 billion each, Frankfurter Allgemeine Zeitung reported today, citing an interview.

GE raised its forecast for the industrial businesses and now sees full-year revenue rising about 15 percent to $110 billion, the German newspaper said, citing the interview, which was sent via e-mail.

A GE spokeswoman, Deirdre Latour, told Bloomberg News later in a telephone interview that the Fairfield, Connecticut-based company hasn’t changed its forecast for this year. Revenue at the industrial units may increase 5 percent to 10 percent in 2012, GE said in December.

To contact the reporters on this story: Aaron Kirchfeld in Frankfurt at; Tim Catts in New York at

To contact the editor responsible for this story: Ed Dufner at

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