GE completes three-way split, breaking off from its storied past

Reuters - 02/04
General Electric on Tuesday completed its breakup into three companies, marking the end of an era for the industrial conglomerate pioneer that was once a symbol of American business power.
April 2 (Reuters) - General Electric (GE.N), opens new tab on Tuesday completed its breakup into three companies, marking the end of an era for the industrial conglomerate pioneer that was once a symbol of American business power.
The industrial giant's aerospace and energy businesses will begin trading on the New York Stock Exchange as separate entities on Tuesday, more than a year after its healthcare business began trading on the Nasdaq.
The breakup is a culmination of CEO Larry Culp's efforts to breathe life into the company that ran into struggles, including the 2008 financial crisis that nearly bankrupted its most profitable business, GE Capital.
In late 2021, Culp announced the breakup that had eluded a generation of insiders after the company had grown vastly in size as it entered diverse businesses under predecessors.
Such was GE's significance that its finance arm wa...
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