General Electric releases information on spinoffs of Healthcare and Energy businesses
GE announced its plans in November 2021 to spinoff its Healthcare businesses (GE HealthCare) and its Renewable Energy, Power and Digital business into a second company (GE Vernova) and what remains will be called GE Aerospace. All three will trade under different tickers.
They have released a 280 page document to tell you all about it!
Before GE was de-listed from the Dow 30 it was the longest lasting of the 30 industrial stocks the Dow Jones Company used to structure the DJIA, being part of the 30 from 1907 to 2018. It was removed from the DJIA in 2018 after years as the worst performer on the index.
Disclosure; I held shares of GE for a number of years, buying in when it was around the $12 level. They did a reverse 1:8 split a year ago August, taking the share price to a little over $100. It's been anemic since then (and for that matter, the entire time I held the shares) and has paid a paltry .38% dividend yield for a long while now. I know they had a lot of debt and have been restructuring it for a long while so this move may help their growth.
The fact that I recently sold out of my position and then this news comes along is further proof that my timing as an individual stock investor ranks up with the worst in history! So, if you want to know when to buy or sell anything, just do the exact opposite of what I would do! 
Disclaimer: This is in no way meant to be taken as a recommendation to buy, nor a solicitation to purchase GE shares or ANY security and is put up solely for news value. Investing in stocks entails risks and any buyer of any security should be aware of those risks before purchasing.
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