GE to sell out of majority control over Baker Hughes

Houston-based Baker Hughes, a GE Company (NYSE: GE), might not be a GE company much longer — its parent, General Electric Co. (NYSE: BHGE), is selling off 105 million shares of its Class A common stock through underwriters.

Immediately after that offering closes, GE will sell Baker Hughes another $250 million in BHGE Class B common stock, according to a filing with the U.S. Securities and Exchange Commission Sept. 10.

The underwriters have the right to purchase an additional 15.75 million shares…


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