Dear Valued Client,
Greetings from INGOT Brokers.
Why GE is doing
Reverse Split?
Will This Reverse Stock Split Be a Rare Winner?
CFO
Carolina Dybeck Happe tried to explain the reason for the reverse split. She
noted that although GE has divested several of its major business units in
recent years, in particular the GE Capital financial unit, it hasn't made any
corresponding adjustments to its outstanding share count. The result is a share
base that inappropriately reflects the enterprise's former size rather than its
more compact current configuration. After the split, GE will have just 1.1
billion shares outstanding, with a stock price that should come in just over
$100 per share based on where shares closed on Monday.
INGOT Brokers Team