GE $20 billion stock exchange with Synchrony Financial

16/11/2015

Swaps

Value:

$ 20 billion

Status:

Completed

Date:

16/11/2015

Overview:

General Electric spun off its Synchrony Financial business.
General Electric acquired 671,366,809 shares of GE common stock in exchange for the 705,270,833 shares of Synchrony common stock owned by GE.

Rani Mehta - Journalist

Jurisdiction:

United States

Deal type:

Swaps

Practice area:

Capital markets : Equity

Industry sector:

Utilities

Firms:

Davis Polk & Wardwell

Party: Dealers (Dealer manager)

Lawyers: Byron Rooney, Richard Truesdell Jr

Weil Gotshal & Manges

Party: Synchrony Financial (Spin off)

Lawyer: Corey Chivers

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