Consider that Baker Hughes was trading at around $38 when GE, under former CEO Jeff Immelt, agreed to merge its oil and gas business with the oilfield services company. Baker Hughes, a GE company BHGE recently announced that it will change its name to Baker Hughes Company. During this time, he was instrumental in the $30 billion merger between GE Oil & Gas and Baker Hughes, which combined industrial-service operations in 120 countries. GE soared almost 9 percent for its biggest intraday advance in more than three years. Investment Date Original Shares Original Value Current Shares Current Value % Return Split Adjustment Current price; Jul 05, 2017: 1,000.00: $37,250.00: 1,000.00 Stock market value after the merger of Baker Hughes and GE… Stockholders of Baker Hughes immediately prior to the closing of the transaction will receive one share of Class A common stock of Baker Hughes, a GE company and will also be entitled to a special one-time cash dividend of $17.50 per share (to be paid on July 6, 2017). Baker Hughes is an Equal Opportunity Employer. Baker Hughes (BKR) has 1 split in our Baker Hughes stock split history database. ... Baker Hughes, a GE Company is a provider of integrated oilfield products, services and digital solutions. GE, however, said it already has a buyer. The company was originally known as Baker Hughes Incorporated until 2017 when it was merged with GE Oil and Gas to become Baker Hughes, a GE Company (BHGE), then in 2019 the company divested from General Electric and became Baker Hughes Company. Dividends. GE agreed not to … Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law. The Company will be known as Baker Hughes, and on Oct. 18, 2019, its Class A common stock will begin trading on the New York Stock Exchange under the symbol “BKR”. Houston-based Baker Hughes, a GE Company, and Boston-based General Electric Co. are taking the initial steps toward the separation they announced in June. Baker Hughes GE’s shares were up 2 percent to $33.13 on Tuesday, but still down nearly 18 percent since the merger closed. Oilfield services provider Baker Hughes, a GE company, has announced its name change to Baker Hughes Company. Today, Baker Hughes … Meanwhile, the announcement of a divestiture of the company's 62.5% stake in Baker Hughes comes just 18 months after the investment was initially announced. Starting in February 2020, the international rig count will be released on the last working day of the first week of the month. Equally effective for single use or global multi-site operations, this software is designed to empower your organization to operate simply and securely, connecting your people to instruments, data, and enhanced analytics. For example, a 1000 share position pre-split, became a 2000 share position following the split. This name change will better reflect Baker Hughes’ current and intended principal business operations and will see the company’s Class A common stock now traded on the New York Stock Exchange under ‘BKR’. Baker Hughes initiated the monthly international rig count in 1975. When General Electric merged its oil and gas business with Baker Hughes in mid-2017, it received a 62.5% stake in the combined company. Baker Hughes A GE (Filer) BAKER HUGHES a GE Co LLC (Filer) Form 8-K Current report pursuant to Section 13 or 15(d) 07/24/2019 11:29 AM: Baker Hughes A GE (Issuer) CAZALOT CLARENCE P JR (Reporting) Form 4 Statement of changes in beneficial ownership of securities 07/23/2019 8:43 AM: Baker Hughes A GE (Filer) Form DEF 14C: 07/11/2019 11:57 AM Source: Baker Hughes. $35 billion. The Investor Relations website contains information about Baker Hughes Rig Count's business for stockholders, potential investors, and financial analysts. GE stock news: General Electric, booted from the Dow Jones, will spin off GE Healthcare into a standalone company, divest its stake in oil services giant Baker Hughes and maintain its dividend. Baker Hughes rose 2.1 percent to $33.13 in New York. Baker Hughes merged with the GE Oil & Gas in July 2017 with General Electric holding a 62.5 percent stake in the combined company. General Electric will spin off its healthcare business and divest its stake in oil-services company Baker Hughes, it said in a statement on Tuesday. General Electric will spin off its healthcare business and divest its stake in oil-services company Baker Hughes. Following its merger with GE's oil-and-gas business this summer, Baker Hughes is now 62.5 percent-owned by GE; the other 37.5 percent is the float that trades in the market. 4Sight2, from Baker Hughes, a GE company, makes calibration management easy to use, cost effective and scalable. This was a 2 for 1 split, meaning for each share of BKR owned pre-split, the shareholder now owned 2 shares. in 1 mA increments), minimum 4 mA band Transmitter Feedback Signal Analog Rotary: External or Internal Digital Linear: Internal only; RTU Feedback must be dry Remote Indicator Dual Function Output Outputs VIN-1.5V @ 20 mA max. Baker Hughes A GE pays an annual dividend of $0.72 per share and has a dividend yield of 3.5%. (for example if VIN = 24 VDC, this supplies 22.5 ± 0.5 V) The Investor Relations website contains information about Baker Hughes's business for stockholders, potential investors, and financial analysts. Analysts, while split on the potential effectiveness of the merger, don’t doubt that it will help both companies. Baker Hughes is organized in Delaware and headquartered in Houston. up to 16 mA max. HOUSTON & LONDON—(BUSINESS WIRE) – Oct. 17, 2019 – Baker Hughes, a GE company (NYSE: BHGE) announced today its successful name change to Baker Hughes Company. 4-20 mA (Split Range: 4 mA min. Baker Hughes, a GE company (BHGE) has now successfully shifted to trade under the name Baker Hughes Company following a recent separation. A spinoff of GE’s 62.5 percent stake in Baker Hughes to its GE shareholders is the most likely scenario because there are few, if any, potential buyers, analysts said. 65,000. Baker Hughes A GE has higher earnings, but lower revenue than Baker Hughes. GE split isn't about Baker Hughes Conditions in the exploration and production side of the energy sector look to strengthen over the short-term time horizon, an analyst said. Stock split history for Baker Hughes since 1987. Baker Hughes is trading at a lower price-to-earnings ratio than Baker Hughes A GE, indicating that it is currently the more affordable of the two stocks. Percent of Baker Hughes owned by General Electric. Baker Hughes a GE Company, formerly known as Baker Hughes, is based in Houston, United States. The Baker Hughes stake sale comes as the second action by Culp to level the company's balance sheet since taking GE's helm at the beginning of October. Stock Name The split for BKR took place on June 11, 1992. GE will sell about $3 billion of Baker Hughes stock, a move that would take it from a majority owner, with just over a 50% stake in the company, to a minority one. Number of Baker Hughes employees worldwide. The company will be known as Baker Hughes and, on Friday, October 18, 2019, its Class A common stock will begin trading on the New York Stock Exchange under the symbol “BKR”, Baker Hughes said on Thursday. The North American rig count is released weekly at noon Central Time on the last day of the work week. 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