Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

News Spotlights Stocks

GE HealthCare slips as GE moves to sell more shares to pay debt

post-img

GE HealthCare (NASDAQ:GEHC) shares fell over 3% in premarket Tuesday after majority owner General Electric (NYSE:GE) offered to sell more shares via Morgan Stanley.

25 million shares of the GEHC common stock are offered, out of 454.7M outstanding shares as of April 18.

“GE HealthCare is not selling any shares of common stock and will not receive any proceeds from the sale of the GEHC Shares in the Offering or from the debt-for-equity exchange,” the company said in a press release.

GE intends to pay debt with the proceeds from the sale. Evercore ISI, Morgan Stanley, BofA Securities, Citigroup, and Goldman Sachs) are acting as the joint lead book-runners for the Offering.

GEHC stock is up 37.9% year-to-date (YTD).

Related Post