GE selling century-old lighting unit to Savant Systems GlobeBusiness
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GE Lighting has been around for almost 130 years. General Electric Co. was formed by merging the Edison Electric Co. and the Thomson Houston Co. on April 15, 1892, according to GE’s website. GE Lighting will remain headquartered in Cleveland, with its more than 700 employees transferring to Savant once the deal closes.Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.
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