© Reuters. FILE PHOTO: The logo of General Electric is seen at its plant in Baden, Switzerland November 15, 2017. REUTERS/Arnd Wiegmann
(Reuters) – General Electric (NYSE:) 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:), GE HealthCare said in the filing.
Evercore ISI, Morgan Stanley, BofA Securities, Citigroup (NYSE:) and Goldman Sachs (NYSE:) are joint lead book-runners for the offering.
GE HealthCare made its Nasdaq debut earlier this year after completing its spin-off from GE.
Read the full article here
