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