General Electric's dash for cash is stealing value from shareholders, JPMorgan says (GE)
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.
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General Electric's dash for cash is stealing value fro
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