By Linda Chiem (May 28, 2015, 6:48 PM EDT) -- Several private equity firms are in the running to snatch up a General Electric Co. unit that funds leveraged buyouts, a sale that could reap more than $17 billion for GE, The Wall Street Journal reported Wednesday. KKR & Co. LP, Apollo Global Management LLC and Ares Management LP are among the firms expected to submit final-round bids for the unit, while Canada's largest pension fund, Canada Pension Plan Investment Board, and Guggenheim Securities also are expected to submit offers, the WSJ said. The GE business, which is part of GE Capital, mostly finances midsize buyouts by lending money to pay for the buyout of a company by the private equity firm and to help fund its operations, according to the report....
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