Baker Hughes, a GE company Announces Secondary Offering of 92,000,000 Shares of Class A Common Stock and Stock Repurchase

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Go back to Baker Hughes, a GE company Announces Secondary Offering of 92,000,000 Shares of Class A Common Stock and Stock Repurchase

Baker Hughes (BHGE) Announces Pricing of 92M Secondary Offering by GE (GE) at $23/Share

November 14, 2018 8:48 AM EST

Baker Hughes, a GE company (NYSE: BHGE) announced today the pricing of a secondary offering of 92,000,000 shares of BHGE Class A common stock, par value $0.0001 per share, by General Electric Company at a price to the public of $23.00 per share. The underwriters have a 30-day option to purchase up to an additional 9,200,000 shares of Class A common stock from the selling stockholder. The offering is expected to close on November 16, 2018, subject to customary closing conditions.

On November 5, 2018, our Board of Directors declared a cash dividend of $0.18 per share of our outstanding Class... More

Baker Hughes (BHGE) Offering by GE (GE) is Said Expected to Price Post-Market, Accelerated by 1 Day - Bloomberg

November 13, 2018 3:20 PM EST

Baker Hughes (NYSE: BHGE) Offering by GE (NYSE: GE) is Said Expected to Price Post-Market, Accelerated by 1 Day - Bloomberg

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General Electric (GE) PT Lowered to $10 at Gordon Haskett

November 13, 2018 9:20 AM EST

Gordon Haskett analyst John Inch lowered the price target on General Electric (NYSE: GE) to $10.00 (from $11.00) while maintaining an Underperform rating. While GE has provided assurances that it retains plenty of opportunities through asset sales, Inch's calculations indicate most of these proceeds are already... More