General Electric (GE) has announced the approval of the spin-off of GE Vernova, set to begin trading on the NYSE on April 2nd under the ticker $GEV. The record date for the spin-off is March 19, with one GEV share for every four GE shares. The move is part of GE's restructuring under CEO Larry Culp, with the stock price up 60% following the announcement.
It’s about time - Buy $GE Stock. The Company’s Breakup Is Almost Here. - Barron's https://t.co/YDthJemZOF
$GE's last spinoff Vernova (GE Power) will begin trading on April 2, 2024 as $GEV Record date for spinoff is March 19. One GEV share for every four GE shares. GE up another 60% from this tweet below. More Culp magic. https://t.co/4xLFoJZGHa
GE Set Its Vernova Exchange Ratio. Here’s What That Means. https://t.co/m4101CbtMB
How Larry Culp Saved GE by Breaking It Up https://t.co/zIO2VGpCQP
$GE Board approves spin off of GE Vernova - the last of the spins. A new beginning for $GE as a pure play aviation story - best in class and definitely under appreciated. Congratulations to Larry Culp and team. @larryculpjr
General Electric $GE just announced its Board of Directors approved the previously announced spin-off of GE Vernova The company is expected to begin trading on the NYSE on April 2nd under the ticker $GEV