The Baker Hughes GE conflicts committee approved a series of agreements following the negotiations with GE. GE’s board also has approved the agreements, the companies said.

Source: Baker Hughes, a GE Company - SEC filing Nov. 14, 2018

In brief:

BHGE and GE agreed on a release from the lock-up restrictions under their stockholders’ agreement that previously prevented GE from disposing of shares of BHGE common stock until July 2019.
BHGE and GE agreed to cooperate on a proposed sale by GE of part of its stake into the market and to a concurrent repurchase of another part of GE’s stake by BHGE. Together, these transactions are expected to maintain GE’s stake in BHGE above 50%. GE’s remaining stake will be subject to a 180-day loc...


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