GE’s position in BHGE is worth $23.1 billion
Less than two years after General Electric (ticker: GE) announced it would acquire Baker Hughes, GE has changed its mind, and will divest the company. This came in an announcement today in which GE revealed plans for a sweeping overhaul of its business including moving GE Healthcare out as a standalone business for divestment as well as BHGE.

GE’s struggles over the past year have been well documented, with several of its business lines taking significant charges. The company has divested several...

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