GE Begins $23bn Bond Buyback Offer
GE has commenced a massive $23bn bond buyback offer in one of the largest ever corporate bond buybacks. GE plans to buyback 51 bonds across USD, EUR and GBP denominated debt for cash across three pools: Up to $7bn in principal for Pool 1 that has a list of 17 bonds Up...
GE to Split into Three Companies – Healthcare, Aviation, Energy
GE in a press release said that it plans to split into three separate public companies focused on Aviation, Healthcare and Energy. GE intends to spin off GE Healthcare to create “a pure-play company at the center of precision health… GE Renewable Energy, GE...
GE Reports Solid Results and Lifts 2021 Forecasts
General Electric (GE) reported an adjusted earnings of $633mn, up 51% YoY during its Q3 results. GE Industrial free cash flow stood at $1.7bn vs. $514mn during the same period last year. However, revenues were ~1% lower to $18.4bn. The company updated its 2021 outlook...
