"GE's Historic Three-Way Split Marks the End of an Era"
TL;DR Summary
General Electric has completed its three-way split, with its aerospace and energy businesses now trading as separate entities on the New York Stock Exchange. The breakup, led by CEO Larry Culp, marks the end of an era for the industrial conglomerate, which faced struggles including the 2008 financial crisis and subsequent loss of its place in the Dow Jones Industrial Average. The move follows Culp's efforts to revitalize the company, with GE Aerospace estimated to have a market value of over $100 billion after the spinoff.
Topics:business#breakup#business#general-electric#industrial-conglomerate#larry-culp#new-york-stock-exchange
- GE completes three-way split, breaking off from its storied past CNBC
- GE's Final Split, a Breakup 130 Years in the Making The Wall Street Journal
- GE aviation and energy businesses start trading on NYSE, marking the end of the conglomerate The Hill
- General Electric to split into three companies on Tuesday The Boston Globe
- GE Vernova debuts on NYSE, as spinoff from GE’s aerospace-only unit completes MarketWatch
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