8-K
filed January 4, 2023, 6:59 PM ET
ticker GE
CIK 0000040545
M&A
confidence high
sentiment positive
materiality 0.75
GENERAL ELECTRIC CO (GE): M&A transaction — GE completes spin-off of GE HealthCare; trading starts Jan 4 under GEHC
GENERAL ELECTRIC CO
- Distribution: 1 GEHC share for every 3 GE shares held on Dec 16, 2022 record date; cash paid for fractional shares.
- GE retains approximately 19.9% ownership in GE HealthCare after the spin-off.
- GE HealthCare begins trading on Nasdaq (ticker GEHC); GE continues on NYSE (ticker GE).
- GE reaffirms plans to launch independent GE Aerospace and GE Vernova companies in early 2024.
- H. Lawrence Culp Jr. to serve as non-executive chairman of GE HealthCare.
Key facts
Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
GENERAL ELECTRIC CO completed a disposition (closed 2023-01-03).
- Action
- disposition
- Closing
- 2023-01-03
Exact text from the filing
On January 3, 2023 (the “Distribution Date”) at 5:00 p.m. New York City time, General Electric Company (the “Company” or “GE”) completed the previously announced separation (the “Spin-Off”) of GE HealthCare Technologies Inc. (“GE HealthCare”) from the Company.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
GENERAL ELECTRIC CO entered into Transition Services Agreement with GE HealthCare.
- Action
- entry
- Agreement
- license
- Counterparty
- GE HealthCare
Exact text from the filing
the Company entered into several agreements with GE HealthCare on or prior to the Distribution Date that, among other things, provide a framework for the Company’s relationship with GE HealthCare after the Spin-Off, including the following agreements: • a Separation and Distribution Agreement; • a Transition Services Agreement; • a Tax Matters Agreement; • an Employee Matters Agreement; • a Trademark License Agreement; • a Real Estate Matters Agreement; and • a Stockholder and Registration Rights Agreement.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
GENERAL ELECTRIC CO entered into Employee Matters Agreement with GE HealthCare.
- Action
- entry
- Agreement
- license
- Counterparty
- GE HealthCare
Exact text from the filing
the Company entered into several agreements with GE HealthCare on or prior to the Distribution Date that, among other things, provide a framework for the Company’s relationship with GE HealthCare after the Spin-Off, including the following agreements: • a Separation and Distribution Agreement; • a Transition Services Agreement; • a Tax Matters Agreement; • an Employee Matters Agreement; • a Trademark License Agreement; • a Real Estate Matters Agreement; and • a Stockholder and Registration Rights Agreement.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
GENERAL ELECTRIC CO entered into Tax Matters Agreement with GE HealthCare.
- Action
- entry
- Agreement
- license
- Counterparty
- GE HealthCare
Exact text from the filing
the Company entered into several agreements with GE HealthCare on or prior to the Distribution Date that, among other things, provide a framework for the Company’s relationship with GE HealthCare after the Spin-Off, including the following agreements: • a Separation and Distribution Agreement; • a Transition Services Agreement; • a Tax Matters Agreement; • an Employee Matters Agreement; • a Trademark License Agreement; • a Real Estate Matters Agreement; and • a Stockholder and Registration Rights Agreement.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
GENERAL ELECTRIC CO entered into Trademark License Agreement with GE HealthCare.
- Action
- entry
- Agreement
- license
- Counterparty
- GE HealthCare
Exact text from the filing
the Company entered into several agreements with GE HealthCare on or prior to the Distribution Date that, among other things, provide a framework for the Company’s relationship with GE HealthCare after the Spin-Off, including the following agreements: • a Separation and Distribution Agreement; • a Transition Services Agreement; • a Tax Matters Agreement; • an Employee Matters Agreement; • a Trademark License Agreement; • a Real Estate Matters Agreement; and • a Stockholder and Registration Rights Agreement.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
GENERAL ELECTRIC CO entered into Separation and Distribution Agreement with GE HealthCare.
- Action
- entry
- Agreement
- supply
- Counterparty
- GE HealthCare
Exact text from the filing
the Company entered into several agreements with GE HealthCare on or prior to the Distribution Date that, among other things, provide a framework for the Company’s relationship with GE HealthCare after the Spin-Off, including the following agreements: • a Separation and Distribution Agreement; • a Transition Services Agreement; • a Tax Matters Agreement; • an Employee Matters Agreement; • a Trademark License Agreement; • a Real Estate Matters Agreement; and • a Stockholder and Registration Rights Agreement.
View on SEC.gov
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