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CHICAGO (Reuters) -General Electric on Tuesday completed its breakup into three companies, marking the end of the 132-year-old conglomerate that was once the most valuable U.S. corporation and a ...
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Date Event 1892 Edison General Electric and Thomson-Houston merge to become The General Electric Company, with Charles A. Coffin as first president, with headquarters in Schenectady, New York (later moved to New York City). 1893 Compagnie Française Thomson-Houston, a sister company to General Electric which would become Thomson SA, formed in Paris
The split marks the end of the 129-year-old conglomerate that was once the most valuable U.S. corporation and a global symbol of American business power. The ambitious move drove an 8.2% rise in ...
General Electric (GE) has plans to split into three companies focused on the growth sectors of aviation, healthcare and energy, the company announced today, which immediately sent the stock rising....
General Electric Co. announced on July 30, 2021 (the completion of) a reverse stock split of GE common stock at a ratio of 1-for-8 and trading on a split-adjusted basis with a new ISIN number (US3696043013) starting on August 2, 2021. [175]
GE effected a 1-for-8 reverse stock split on July 30, 2021. The split adjusted shares began trading on August 2 above $100, the company announced. The reverse split multiplied the price of the ...
The three types of corporate divisions are commonly known as spin-offs, split-offs and split-ups. The spin-off involves a distribution of property to shareholders without the surrender of any stock, which thus resembles a dividend. The split-off resembles a redemption because the shareholders have relinquished stock of the distributing corporation.