Content area
Full text
General Electric Co. on Oct. 19 commenced an offer to exchange GE common shares for Synchrony Financial common shares presently owned by GE.
The exchange offer is in connection with the separation of Synchrony Financial from GE.
Synchrony Financial said in a separate news release that it plans to file a Form S-4 registration statement with the SEC in connection with the exchange offer.
The exchange offer is designed to provide GE shareholders an opportunity to exchange their GE common shares for Synchrony Financial common shares at a 7% discount, subject to an upper limit of 1.1308 Synchrony Financial common shares per GE common share....