Baker Hughes, a GE company, LLC
Baker Hughes, a GE company, said Sept. 10 that General Electric Co. and GE Oil & Gas US Holdings I, Inc., GE Holdings (US), Inc. and GE Oil & Gas US Holdings IV, Inc. has commenced a secondary offering of 105 million shares of BHGE Class A common stock, par value $0.0001 per share.
The underwriters will have a 30-day option to purchase up to an additional 15.75 million shares of Class A common stock from the selling stockholders. BHGE is not offering any shares of Class A common stock in the offering and will not receive any proceeds from the sale of shares in the offering.
In addition, BHGE announced that it has agreed to repurchase (the “share repurchase”) from one or more of GE and its affiliates, in a privately negotiated transaction, $250 million of shares of BHGE Class B common stock, par value $0.0001 per share.