Big Law
General Electric Will Split Into Three Companies
General Electric said on Tuesday it would spilt into three public companies, as the storied U.S. industrial conglomerate seeks to simplify its business, pare down debt and breathe life into a share price battered over several years.
The split marks the end of the 129-year-old conglomerate that was once the most valuable U.S. corporation and a global symbol of American business power.
The ambitious move drove an 8.2% rise in GE shares in premarket trading.
