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Non-Tech : Kirk's Market Thoughts

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Nov 6 3:59 PM EST

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From: Kirk ©	3/13/2024 11:30:58 AM
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Looks like GE is effectively selling its GEHC holdings at the arrow on my iH&S chart to pay down debt. GE HealthCare Technologies Prices Secondary Offering of 14 Million Shares MT NEWSWIRES 7:31 AM ET Mar-13-2024 07:31 AM EDT, 03/13/2024 (MT Newswires) -- GE HealthCare Technologies (GEHC.NaE) said Wednesday that it has priced a secondary underwritten public offering of 14 million shares of its common stock, which has been upsized by 1 million shares. GE HealthCare (GEHC.NaE) said it is not selling any shares and will not receive any proceeds from the offering or from a related debt-for-equity exchange. The offering is expected to close Friday. Shares of GE HealthCare (GEHC.NaE) were down 5.6% in recent premarket activity. Price: 86.7, Change: -5.12, Percent Change: -5.58 MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited. and GE HealthCare Technologies Launches Secondary Offering of 13 Million Shares MT NEWSWIRES 5:24 PM ET Mar-12-2024 05:24 PM EDT, 03/12/2024 (MT Newswires) -- GE HealthCare Technologies (GEHC.NaE) on Tuesday launched a secondary underwritten public offering of 13 million shares by a selling stockholder. General Electric (GE) is expected to exchange GE HealthCare (GEHC.NaE) shares for its debt held by Morgan Stanley affiliate Morgan Stanley Bank before the closing of the offering. After completing this debt-for-equity exchange, selling stockholder Morgan Stanley plans to sell GE HealthCare (GEHC.NaE) shares to the underwriter in the offering. The selling stockholder has granted the underwriter an option to buy additional GE HealthCare (GEHC.NaE) shares for settlement by March 28. GE HealthCare (GEHC.NaE) said it is not selling any shares and will not receive any proceeds from the offering or the debt-for-equity exchange. Price: 89, Change: -2.82, Percent Change: -3.07 MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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