The Rising Influence of Rising Affluence

[mick]

thank you, GE shareholders got nothing by this read/

re;
GE-BHI deal is a publicly-traded JV rather than a full-fledged merger:

http://www.wsj.com/articles/ge-to-combine-oil-and-gas-business-with-baker-hughes-1477908407
Quote:
General Electric Co. reached a deal to combine its oil-and-gas business with Baker Hughes Inc., creating a publicly traded energy powerhouse that would give GE a cost-effective way to play any recovery in the industry.

GE will contribute its oil-and-gas business and $7.4 billion through a special one-time cash dividend of $17.50 for each Baker Hughes share. The new company will be publicly traded on the New York Stock Exchange and will be 62.5% owned by GE and 37.5% owned by Baker Hughes shareholders.