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Deals Rumor Mill: GE, Merck, York Risk

By Chelsea Naso (May 2, 2014, 5:51 PM EDT) -- General Electric Co. is said to be in talks to sell its Texas-based energy unity Wayne to buyout firm First Reserve Corp., in a deal that values the unit between $500 million and $600 million, people familiar with the talks told Reuters on Friday. GE picked up Wayne, which makes fuel dispensers for petroleum retailers and commercial fleets as well as compressed natural gas equipment, through its $3 billion acquisition of Dresser Inc. in 2010. The potential deal is the latest example of a conglomerate getting a buyout firm to take its non-core units of its hands....

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