GE Announces Final Synchrony Financial Exchange Offer Results

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General Electric (GE) Announces Final Results of Synchrony Financial (SYF) Exchange Offer

November 20, 2015 7:16 AM EST

General Electric (NYSE: GE) announced the final results of its completed offer to exchange GE common stock for common stock of Synchrony Financial (NYSE: SYF) previously owned by GE, which expired at 12:00 midnight, New York City time, on November 16, 2015.

Because the exchange offer was oversubscribed, GE accepted only a portion of the shares of its common stock that were validly tendered and not validly withdrawn, on a pro rata basis in... More