Baker Hughes, a GE company Announces Pricing of Secondary Offering by GE

HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes, a GE company (NYSE: BHGE or the “Company”) announced today the pricing of a secondary offering (the “offering”) of 115 million shares of BHGE Class A common stock, par value $0.0001 per share (the “Class A common stock”) by General Electric Company (“GE”) and GE Oil & Gas US Holdings I, Inc., GE Holdings (US), Inc. and GE Oil & Gas US Holdings IV, Inc. (collectively, together with GE, the “selling stockholders”) at a price to the public of $21.50 per share. The underwriters will have a 30-day option to purchase up to an additional 17.25 million shares of Class A common stock from the selling stockholders. The offering is expected to close on September 16, 2019, subject to customary closing conditions.