GE announced it will split into three companies in a bid to more sharply focus on areas the firm perceives as offering growth opportunities. Why is the company doing this, and what will happen to GE shares?
General Electric Co. shares rose 5% Tuesday morning after the Boston company said it wouldWhat is GE doing?
GE is going to split into three companies over a period of years, in a bid to more sharply focus on areas the firm perceives as offering growth opportunities. GE itself will become an aviation company, focused on making jet engines, and spin off its healthcare and energy businesses.
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