GE will spin off its healthcare business and split from oil giant Baker Hughes in a massive reorganization
General Electric will spin off its healthcare business and divest its stake in oil-services company Baker Hughes, it said in a statement on Tuesday. The moves come as part of a broad corporate reorganization that sees GE trying to shore up its balance sheet and streamline its businesses. General Electric said on Tuesday that it will spin off its healthcare business and divest its stake in oil-services company Baker Hughes as part of a sweeping corporation reorganization.
Source:: https://finance.yahoo.com/news/ge-spin-off-healthcare-business-125525933.html
