GE CLEARED TO BUY DRESSER.

The European Commission gave the green light, on 4 January, to the proposed acquisition of Dresser Holdings by General Electric Company (GE), both of the US. GE is a global, diversified manufacturing, technology and services company with five primary business units: GE Energy, GE Technology Infrastructure, GE Capital, GE Home & Business Solutions and NBC Universal. Dresser is globally active in the provision of energy infrastructure, oil and gas products and services. It has six main product lines, namely control valves, natural gas solutions, pressure relief and safety valves...