General Electric plans sale of more than $2B stake in GE HealthCare
peakSTOCK/iStock via Getty Images         General Electric (NYSE:GE)Â is offering 25 million shares of common stock in GE HealthCare Technologies (NASDAQ:GEHC) valued at $2 billion, the maker of medical equipment said inÂ a regulatory filing on Monday.
As part of the debt-for-equity pact, GE (GE)Â is expected to exchange 28.75 million shares in GE HealthCare (GEHC) for debt held by affiliates of Morgan Stanley, according to the filing with the U.S. Securities Exchange Commission.
GE HealthCare (GEHC) began trading earlier this year as a separate company after being spun off from GE (GE).