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The industrial giant's aerospace and energy businesses began trading on the New York Stock Exchange as separate entities more than a year after GE spun off its healthcare business.
GE will also separate the healthcare company, in which it expects to retain a stake of 19.9%, in early 2023. Following the split, it will become an aviation company, which will be helmed by Chief ...
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.
General Electric Company ( GE) was an American multinational conglomerate founded in 1892, incorporated in the state of New York and headquartered in Boston. The company had several divisions, including aerospace, energy, healthcare, and finance.
Timeline of General Electric General Electric has a long history, involving numerous mergers, acquisitions, and divestitures.
GE Capital was the financial services division of General Electric. [1] Its various units were sold between 2013 and 2021, including the notable spin-off of the North American consumer finance division as Synchrony Financial. Ultimately, only one division of the company remained, GE Energy Financial Services, which was transferred to GE Vernova when General Electric was broken up.
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.
On November 9, 2021, General Electric announced it would split into three investment-grade public companies, with GE HealthCare being one of the three planned divestitures. GE HealthCare completed its spin-off on January 4, 2023, [8] with the company being listed on the Nasdaq Stock Market. [9]