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AP National Business

Storied General Electric to split into 3 public companies

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KMIZ

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Published 6:04 AM

By MICHELLE CHAPMAN
AP Business Writer

General Electric is splitting itself into three public companies that concentrate on aviation, healthcare and energy. The company said Tuesday that it plans a spinoff of its healthcare business in early 2023 and of its energy segment in early 2024. GE anticipates keeping a 19.9% stake in the healthcare unit. The company expects one-time separation, transition, and operational costs of approximately $2 billion related to the actions.

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