GE HealthCare Technologies Late Wednesday Priced Secondary Offering of 25M Shares @$78/Share
Portfolio Pulse from Charles Gross
GE HealthCare Technologies (NASDAQ:GEHC) has priced its secondary underwritten public offering of 25 million shares at $78 per share. General Electric (GE) is expected to exchange the GEHC shares for indebtedness held by Morgan Stanley affiliates. The offering is set to close on June 12, 2023.
June 08, 2023 | 9:18 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
General Electric is expected to exchange GE HealthCare Technologies shares for indebtedness held by Morgan Stanley affiliates.
The debt-for-equity exchange is a notable event for General Electric, but it is not expected to have a significant short-term impact on the stock price as it is part of the previously announced secondary offering.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
GE HealthCare Technologies prices secondary offering of 25 million shares at $78 per share, with the offering set to close on June 12, 2023.
The pricing of the secondary offering is an important event for GE HealthCare Technologies, but it is not expected to have a significant short-term impact on the stock price as the company is not selling any shares and will not receive any proceeds from the sale.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100