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General Electric Sets Healthcare Division Spin-Off Plans

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https://www.wsj.com/articles/ge-puts-31-billion-value-on-spinoff-of-ge-healthcare-technologies-11669847256

Shareholders to get 1 share in new company in January for every 3 shares in GE that they hold

General Electric Co. set the terms for the spinoff of its healthcare division, putting an initial value of roughly $31 billion on the soon-to-be-public company.

GE said current shareholders would get one share in the new GE HealthCare Technologies Inc. for every three shares they hold in GE. The separation is set for Jan. 3 after the markets close, and the new shares will trade on Nasdaq under the symbol GEHC. 

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