secwatch.observer — SEC 8-K summary
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Issuer:     Baker Hughes Co (BKR)
CIK:        0001701605
Form:       8-K
Filed at:   2022-12-30T23:59:59+00:00
Accession:  0000950103-22-021865
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 1.02
LLM model:  deepseek-v4-flash:cloud@v2

Baker Hughes reaches term sheet with GE to eliminate GE's BHH ownership and settle tax disputes
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- GE will cause affiliates to deliver notice of exchange of all units in BHH LLC, eliminating GE's ownership.
- Disputes under the Tax Matters Agreement (TMA) settled; TMA terminated effective Dec 29, 2022.
- Baker Hughes subsidiary paid $21M non-refundable to GE as net settlement of TMA claims.
- Parties to work toward definitive agreements by Feb 15, 2023, with retroactive effective date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1701605/000095010322021865/0000950103-22-021865-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/808362/000095010322021865/dp186495_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-22-021865

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