Tag Archives: General Electric Exchange Offer

GE’s Synchrony Exchange Offer Complete, Oversubscribed By 3.2 Times

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General Electric(GE) announced the results of its exchange offer for Synchrony Financial(SYF) common stock this morning. The exchange, which ended last night at midnight, was oversubscribed by 3.2 times, with “2,149,128,195 shares of GE common stock were validly tendered and not validly withdrawn.”  The company will “accept 671,366,809 of the tendered shares in exchange for the 705,270,833 shares… Read More »

With Key Fed Approval In Hand, GE’s Synchrony Split-Off Will Be Completed Next Month

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The Federal Reserve formally approved Synchrony Financial’s (SYF) application to become a publicly traded savings & loan holding company. The approval is a key regulatory milestone for the company and its completion will pave the way for GE (GE) to finish separating the business via exchange offer. As its recent earnings report highlighted, GE has shifted its focus… Read More »