Report: GE to spin off health care business amid shake-up
The Wall Street Journal is reporting that General Electric plans to spin off its health care business and sell its stake in Baker Hughes, a company that provides services to the oil industry. The paper cited anonymous sources who said a decision is due to be presented to investors on Tuesday. GE would sell 20 percent of the health care unit and distribute the rest to its shareholders over the next 12 to 18 months, the paper said.
Source:: https://finance.yahoo.com/news/report-ge-spin-off-health-095843933.html
