[ad_1]
- Basic Electrical Co (NYSE: GE) is providing 25 million shares in GE HealthCare Applied sciences Inc GEHC.
- The proceeds from the providing are anticipated to be about $2 billion.
- In reference to this providing, GE is predicted to trade as much as 28.75 million GE HealthCare shares for debt held by associates of Morgan Stanley beneath a debt-for-equity trade.
- Additionally Learn: Basic Electrical Appoints Rahul Ghai As Its New Finance Head
- On June 2, 2023, the closing value of GEHC widespread inventory as reported on Nasdaq was $79.97 per share.
- Value Motion: GE shares closed decrease by 1.61% at $104.10 on Monday.
© 2023 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.
[ad_2]