GE Announces 3-Yr Plan to Fully Divest from Baker Hughes

Less than one year after buying Baker Hughes, GE decided it didn’t want its bright shiny new toy anymore and would divest itself of Baker Hughes (see GE Dumping Baker Hughes in Bid to Boost Stock Price). Baker Huges separated from GE last October and has been its own company since that time. However, GE still owns 37% of Baker Hughes (BKR) stock. Yesterday, as part of GE’s 2Q20 update, the company announced it will liquidate all of its remaining BKR stock over the next three years.

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