GE to buy InVision

GE to buy InVision
Unit acquiring (Airport) explosive detection systems maker for $50 a share in cash
March 15, 2004: 8:21 AM EST

NEW YORK (Reuters) - A unit of General Electric Co. has agreed to buy InVision Technologies Inc. for about $50 a share to boost its offerings in explosive detection systems and security technology, the companies said Monday.

InVision (INVN: Research, Estimates) closed Friday at $41.22.

GE said the all-cash deal will help 2004 earnings.

http://money.cnn.com/2004/03/15/technology/ge_invision.reut/index.htm
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This is just great (NOT).

So now GE can use it's broadcast media properties to fan the flames of terrorism and make a an even larger profit while doing so.

:eyes:

Isn't corporate news great?

For a momen there I thought the headline said "GE to buy Invasion." That would be one way out of Iraq--sell it to GE.