General Electric Splits To Entice Investors
General Electric is breaking itself to make its business attractive to investors. These are signs of the time. HP did it and many will follow this path as companies separate the future from the past in the age of Apple, Google* and Microsoft.
General Electric’s split into three separate companies is officially underway. The industrial giant is spinning off its $20 billion healthcare unit this week, the first step in the company’s mission to “simplify the GE equity story,” The Wall Street Journal says. Shares of GE Healthcare Technologies begin trading on Wednesday, after which the company will start preparing to split its energy and power businesses into a new company called GE Vernova in early 2024. If all goes to plan, these changes should make each new business more attractive to investors.