[NTIACNews]NDE Industry News: FTC Accepting Comments On GE's Divestiture

[Chris R. Coughlin]

Hello All,

The Federal Trade Commission is accepting public comments on the 
proposed GE divestiture of InVision's X-Ray NDT Business.  From the 
FTC's Announced Action Page at http://www.ftc.gov/opa/2004/11/fyi0464.htm :

"The FTC is accepting public comments on the proposed divestiture for 30 
days, until December 1, 2004, after which it will decide whether to 
approve it. Comments should be sent to: FTC, Office of the Secretary, 
600 Pennsylvania Ave., N.W., Washington, DC 20580. (FTC File No. 
041-0106, Docket No. C-4119; the staff contact is Sean Dillon, Bureau of 
Competition, 202-326-3575."

***

In other GE-related news, NTIAC has learned that GE has been served with 
a lawsuit related to its acquisition of Panametrics in 2002.  According 
to the plaintiff's press release, the new suit filed in the United 
States District Court for the Southern District of Florida alleges that 
GE and Panametrics agreed to fund the development, manufacturing and 
marketing of a medical laser drill originally developed by PanaRay Inc., 
which was part of the 2002 Panametrics acquisition.  The plaintiff's 
complete press release is available online at 
http://www.prleap.com/pr_1851.html .

Regards,
Chris

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-- 
Chris Coughlin / NTIAC / 415 Crystal Creek Drive / Austin TX 78746
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