GE Announces Pricing of Secondary Offering of Shares of Baker Hughes, a GE company, and Concurrent Private Sale of Ownership Interests in BHGE

BOSTON--(BUSINESS WIRE)--GE (NYSE: GE) announced today the pricing of a secondary offering (the “offering”) of 92,000,000 shares of Class A common stock, par value $0.0001 per share (the “Class A common stock”) of Baker Hughes, a GE company (“BHGE”), at a price to the public of $23.00 per share. The underwriters have a 30-day option to purchase up to an additional 9,200,000 shares of Class A common stock from GE or one or more of its affiliates (such option, the “option” and, such shares, the “option shares”). The offering is expected to close on November 16, 2018, subject to customary closing conditions.