GE to Split Into Three Public Companies
The storied U.S. industrial conglomerate seeks to simplify its business.
Edited by Margo Ellis
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General Electric will split into three public companies as the storied U.S. industrial conglomerate seeks to simplify its business, pare down debt and breathe life into a battered share price, the company said on Nov. 9, as reported by Reuters.
The split marks the end of the 129-year-old conglomerate that was once the most valuable U.S. corporation and a global symbol of American business power.
The Boston-based company said the three businesses would focus on energy, healthcare and aviation.
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