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General Electric's Dash for Cash is Stealing Value from Shareholders, JPMorgan Says

Stock Market Data Today
  • General Electric on Friday announced the planned merger between Wabtec and GE Transportation has been revised.
  • The revised terms are negative for GE shareholders, according to Christopher Glynn, an analyst at Oppenheimer.
  • GE's stock lost more than half of its value in 2018.
  • Under the leadership of new CEO Larry Culp, GE has sped up efforts to raise cash by selling assets in an effort to increase investor confidence...
Mentions: Leadership Management JPMorgan