GE closes Baker Hughes sale, reaps billions in proceeds

General Electric Co. closed its sale of interest in Houston-based Baker Hughes, a GE Company, on Sept. 16.

The deal drew about $3 billion in net proceeds to Boston-based GE (NYSE: GE), the parent of GE Healthcare, after the underwriters fully exercised their options. The total sale came out to 132.25 million shares of BHGE, which includes those sold via underwriter options, according to a Baker Hughes (NYSE: BHGE) press release.

The close of that deal also triggered the close of Baker Hughes’…

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