Baker Hughes, a GE company, LLC
Baker Hughes, a GE company has priced a secondary offering of 115 million shares of BHGE Class A common stock, par value $0.0001 per share by General Electric Co. and GE Oil & Gas US Holdings I, Inc., GE Holdings (US), Inc. and GE Oil & Gas US Holdings IV, Inc. 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.
BHGE is not offering any shares of Class A common stock in the offering and will not receive any proceeds from the sale of shares in the offering.