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Prudent Capitalist

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Prudent Capitalist

Re: rab74 post# 6045

Tuesday, 06/26/2018 11:09:56 AM

Tuesday, June 26, 2018 11:09:56 AM

Post# of 11969
Big news today rab. GE announced it is spinning off the medical unit into a separate company, and selling off the Baker Hughes unit. The medical unit will go to current GE shareholders, but the dividend in the remaining core GE industrial company will likely be reduced significantly without the revenue from the medical unit and Baker Hughes assets.
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