ONLY THREE MONTHS after first unveiling the deal, Saudi Basic Industries Corp. (SABIC) has completed its purchase of GE Plastics for $11.6 billion. The business, renamed SABIC Innovative Plastics, ...

SABIC Acquires GE&rsquos Plastics Unit For $11.6BnSaudi Basic Industries Corp (SABIC) announced on 21 May it had acquired General Electric&rsquos plastics division, GE Plastics, for $11.6bn, adding to ...

Riyadh, September 1, SPA -- Saudi Basic Industries Corporation (SABIC) announced yesterday the completion of its purchase of GE Plastics from General Electric for a purchase price of US$11.6 ...

Saudi Basic Industries Corp. has completed its $11.6 billion purchase of GE Plastics - but only after altering the deal's financing because of a tough market for corporate credit. The purchase, ...

GE’s high-profile, yet highly cyclical plastics business will be bought by Saudi Basic Industries (SABIC) for a price close to $11 billion, according to Bloomberg.com and the Wall Street Journal. I ...

Fairfield, Conn.-based GE confirmed the deal May 21. Sabic - a petrochemicals firm majority-owned by the Saudi Arabian government - outbid at least two other finalists to make the deal. Industry ...

PITTSFIELD — Even before the GE Plastics sale was finalized, the plastics company brought in additional employees to bolster its Pittsfield ranks, and Sabic Innovative Plastics officials have said ...

General Electric (NYSE: GE) and Saudi Basic Industries Corporation (SABIC) yesterday announced that they had reached ...

PITTSFIELD, Mass./BERGEN OP ZOOM, The Netherlands--(BUSINESS WIRE)--SABIC Innovative Plastics today announced that Charlie Crew has been promoted to president and CEO of the company, effective ...

RIYADH, June 2 (Reuters) - Saudi Basic Industries Corp. <2010.SE> (SABIC), the world's largest chemical firm by market value, said on Saturday it would sell bonds worth $2.2 billion to fund its ...