GE HealthCare Technologies Launches Secondary Offering of 13 Million Shares-March 2024-www.financetom.com

GE HealthCare Technologies Launches Secondary Offering of 13 Million Shares

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GE HealthCare Technologies Launches Secondary Offering of 13 Million Shares

Mar 12, 2024 2:39 PM

05:24 PM EDT, 03/12/2024 (MT Newswires) -- GE HealthCare Technologies ( GEHC ) 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 ) 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 ) shares to the underwriter in the offering.

The selling stockholder has granted the underwriter an option to buy additional GE HealthCare ( GEHC ) shares for settlement by March 28.

GE HealthCare ( GEHC ) said it is not selling any shares and will not receive any proceeds from the offering or the debt-for-equity exchange.

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