other material
confidence high
sentiment neutral
materiality 0.75
GE HealthCare prices upsized secondary offering of 15M shares at $86; no proceeds to company
GE HealthCare Technologies Inc.
- Secondary offering upsized from 10M to 15M shares at $86.00/share; underwriters have option for 2.25M additional shares.
- Selling stockholder Morgan Stanley & Co. LLC will sell shares after debt-for-equity exchange by GE Aerospace (General Electric).
- GE HealthCare will not receive any proceeds from the offering or the exchange.
- Offering expected to close September 16, 2024; Morgan Stanley and Citigroup are lead book-running managers.
- Net proceeds from the sale will go to GE Aerospace (via debt exchange) and Morgan Stanley as selling stockholder.