GE to Sell Sponsor Finance in $12B Canada Pension Deal

General Electric has agreed to sell its Sponsor Finance unit to Canada Pension Investment Board in a deal worth $12 billion. Bloomberg’s Karen Ubelhart and Jeff McCracken examine the move and what GE may do with the cash from the deal. They speak on “Bloomberg Markets.” (Source: Bloomberg)

Full Show: Surveillance (08/16)
55:10 - Bloomberg Surveillance hosted by Tom Keene, Guy Johnson, and Anna Edwards. Guests include Cees 'T Hart, chief executive officer at Carlsberg Group, Greg Valliere, chief global strategist at Horizon Investments, and Rep. Bill Pascrell, a member of the House Ways and Means Committee and a Democrat from New Jersey. (Source: Bloomberg)
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