GE selling some fleet businesses to Element for $6.9B

... the third quarter, while the Australia and New Zealand transaction is targeted to close in the fourth quarter. The Fairfield, Connecticut-based company also said Monday that it has a memorandum of understanding for the possible sale of its European ...

via http://www.dailyjournal.net/view/story/67703740990847a89be791ba3ca4b2ac/US--GE-Sale