What does GE breakup mean for shareholders? GE, priced at around $102 a share on Wednesday, will spin off into three separate businesses: energy, aviation and health care. Johnson & Johnson, trading at $163, will divide into one consumer company and another for pharmaceuticals.
Why is General Electric breaking up?
Will GE Power survive? But GE’s natural-gas power business has been shrinking over the past couple of years. That’s something GE believes will turn around in 2022. Demand growth in the onshore wind-turbine business is stable over time, but changing tax-credit policy in the U.S. creates a boom-and-bust cycle for installations.
Will GE spin off healthcare? GE announced plans in November to radically shrink the long-time conglomerate by splitting off health care in 2023 and its energy businesses the following year, while holding onto its aviation division.