General Electric is rising after announcing the sale of to Swiss power grid maker ABB for $2.6 billion.
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GE is climbing after offloading its industrial unit for $2.6 billion (GE)
GE's stock price is up slightly after selling its industrials unit.
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GE shares are up 0.54% on Monday at $25 a piece.
The industrial unit makes circuit breakers and other components used for operating power grids.
ABB bought the unit hoping to gain a bigger footprint in the US. It also said it hopes to replace some of GE's outdated offerings with its own.
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The sale comes shortly after GE's new CEO, John Flannery, completed his 100-day review of the company. Flannery took over for Jeff Immelt amid investor concerns about the company's lagging stock performance relative to the general market.
GE's stock is down 20.96% this year, while the S&P 500 is up 10.7%.
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