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Actionable news in GE: GENERAL ELECTRIC COMPANY,

Will GE Stock Rise on Renewed M&A Strategy?

NEW YORK (TheStreet) -- General Electric's (GE - Get Report) management said the industrial conglomerate is seeking to buy assets in the oil and gas industry after the failed merger between oilfield service providers Halliburton (HAL) and Baker Hughes (BHI), Bloomberg reports.

GE was expected to buy assets that would have been divested if regulators had approved the merger.

The company is seeking transactions "at valuations that make sense" and deals that would benefit the company in the long term, CFO Jeff Bornstein told Bloomberg Radio.

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