GE Board Approves Separation of GE HealthCare
November 30 2022 - 5:11PM
Dow Jones News
By Stephen Nakrosis
General Electric Co. said its board approved the planned
spin-off of its healthcare business, GE Healthcare Holding LLC.
The spin-off was announced in Nov. of last year, part of General
Electric's plan to split into three public companies.
General Electric said its shareholders will receive one share of
the new company, GE HealthCare Technologies Inc., for every three
GE shares they hold on December 16. The new company is expected to
begin trading on Nasdaq Jan. 4, under the symbol GEHC, General
Electric said.
The company also said effective upon the spin-off, it will
retain up to 19.9% of the outstanding shares of GE HealthCare
common stock.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
November 30, 2022 16:56 ET (21:56 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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