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GE offer to exchange for SYF shares at 7% discount

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GE offer to exchange for SYF shares at 7% discount
dividends4me Offline
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#13
11-09-2015, 08:21 PM
I'm going to hang on to my GE shares as well.
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DividendGarden Offline
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#14
11-17-2015, 10:17 AM (This post was last modified: 11-17-2015, 10:19 AM by DividendGarden.)
GE (NYSE:GE) says its offer to shareholders to exchange its common stock for shares of Synchrony Financial (NYSE:SYF) was oversubscribed by 3.2 times.The exchange will reduce the outstanding float of GE common stock by about 6.6% (671M shares), the equivalent of a $20.4B GE stock buyback.

http://seekingalpha.com/news/2934276-res...ange-offer
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