GE Is Giving Up Its Majority Stake in Baker Hughes [The Motley Fool]
BAKER HUGHES A GE CO (BHGE)
Last baker hughes a ge co earnings: 7/31 06:45 am
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Source: The Motley Fool
GE Is Giving Up Its Majority Stake in Baker Hughes Adam Levine-Weinberg ( TMFGemHunter Sep , 09 at 7:AM Last fall, General Electric NYSE:GE sold nearly a quarter of its shares Baker Hughes, a GE Company NYSE:BHGE energy services spinoff Earlier this week, Baker Hughes, A GE Company announced that General Electric is executing another secondary offering (alongside a smaller share repurchase by Baker Hughes), which will reduce GE's stake to well below 0%. This will trigger a big accounting charge and will cause GE to stop consolidating Baker Hughes' results in its own financial statements. However, it will contribute to a big reduction in General Electric's debt load over the next few quarters. GE tees up another share sale General Electric has agreed to sell million shares of Baker Hughes, a GE Company stock at $.0 per share in a secondary offering. The deal underwriters have an option to buy another 7. million shares within 0 days. Separately, Baker Hughes will spend $0 million to re
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