HALISTER: GE to Combine Oil and Gas Business With Baker Hughes

GE to Combine Oil and Gas Business With Baker Hughes

(Bloomberg) -- GE to own 62.5%, Baker Hughes holders to own 37.5% of “new” Baker Hughes.
  • GE will contribute $7.4b to fund $17.50-share special dividend to existing BHI holders
  • NOTE: Oct. 30, GE Nears $30 Billion Energy Deal With Baker Hughes, WSJ Reports
Statement: NSN OFWP40MEQTXI
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
BHI US (Baker Hughes Inc)
GE US (General Electric Co)

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