General Electric (GE) Announces Detailed 2021 Outlook
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General Electric (GE) Falls 6% on AerCap Deal, 2021 Outlook, 1-for-8 Reverse Split
March 10, 2021 10:02 AM ESTGeneral Electric (NYSE: GE) is trading down 6% following this morning's deal to merge GE Capital Aviation Services business (GECAS) with AerCap Holdings N.V. (NYSE: AER). The company also announced its 2021 outlook and a reverse stock split at a ratio of 1-for-8.
Shares are up 24% YTD.
... MoreGE (GE) Announces Combination of GECAS and AerCap (AER)
March 10, 2021 6:31 AM ESTGE (NYSE: GE) announced today an agreement to combine its GE Capital Aviation Services business (GECAS) with AerCap Holdings N.V. (NYSE: AER).
GE Chairman and CEO H. Lawrence Culp, Jr. said, Today marks GEs transformation to a more focused, simpler, and stronger industrial company. Coupled with our continuing efforts to strengthen GE's performance, operations, and culture, this deal brings GE closer to our futuredelivering value for the long term and leading the energy transition, precision health, and the future of flight.
Culp continued, AerCap is the... More
