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Monday, June 05, 2023 9:38:36 PM
By: Investing.com | June 5, 2023
(Reuters) - General Electric (NYSE:GE) Co is offering 25 million of common stock, or an over $2 billion stake, in GE HealthCare Technologies Inc, according to a regulatory filing on Monday.
Under the debt-for-equity exchange agreement, GE is expected to exchange 28.75 million GE HealthCare shares for debt held by affiliates of Morgan Stanley (NYSE:MS), GE HealthCare said in the filing.
?Evercore ISI, Morgan Stanley, BofA Securities, Citigroup (NYSE:C) and Goldman Sachs (NYSE:GS) are joint lead book-runners for the offering.
GE HealthCare made its Nasdaq debut earlier this year after completing its spin-off from GE.
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