Spinoffs & Takeovers Hotline – Friday, June 2, 2023

TECNOGLASS INC., $40.75, symbol TGLS on New York, is a leading producer of architectural glass, windows, and associated aluminum products serving the multi-family, single-family, and commercial end markets. Tecnoglass is the second largest glass fabricator serving the U.S. and the #1 architectural glass transformation company… Read More

GE breakup plan holds promise

Conglomerate General Electric is moving ahead with its plan to break itself into three separate companies: Healthcare products (X-ray equipment, MRI and ultrasound scanners); renewable energy and power (turbines and equipment for wind farms); and Aviation equipment (jet engines).
Studies show that spinoffs tend to outperform… Read More

Power division weighs on GE

GENERAL ELECTRIC CO. $88 remains a hold. The conglomerate (New York symbol GE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 1.1 billion; Market cap: $96.8 billion; Price-to-sales ratio: 1.3; Dividend yield: 0.4%; TSINetwork Rating: Average; www.ge.com) plans to break itself up into three separate companies: GE… Read More

Supply chain delays add to GE’s risk

GENERAL ELECTRIC CO. $77 remains a hold. The conglomerate (New York symbol GE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 1.1 billion; Market cap: $84.7 billion; Price-to-sales ratio: 1.1; Dividend yield: 0.4%; TSINetwork Rating: Average; www.ge.com) plans to break itself up into three separate companies: GE… Read More

Spinoff spotlight: General Electric Co.

GENERAL ELECTRIC CO. $80 remains a hold. The conglomerate (New York symbol GE; Manufacturing sector; Shares outstanding: 1.1 billion; Market cap: $88.0 billion; Dividend yield: 0.4%; Takeover Target Rating: Medium; www.ge.com) plans to break itself up into three separate companies.
In early 2023, GE will hand out shares in its… Read More