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BRIEF-Baker Hughes, a GE Co announces $3 bln share repurchase authorization
November 6, 2017 / 1:47 PM / a month ago

BRIEF-Baker Hughes, a GE Co announces $3 bln share repurchase authorization

Nov 6 (Reuters) - Baker Hughes a GE Co

* Baker Hughes, a GE Company announces $3 billion share repurchase authorization

* Baker Hughes a GE Co - ‍Company will use proceeds from sale of its BHGE LLC common units to repurchase its class a shares​

* Baker Hughes a GE Co - ‍Company also announced its intention for BHGE LLC to issue new debt​

* Baker Hughes - ‍BHGE, BHGE LLC have also entered into agreement with GE whereby BHGE LLC will repurchase its common units from GE on a pro rata basis​

* Baker Hughes - ‍Repurchases will not materially change bhge, GE’s relative economic interests in BHGE LLC

* Baker Hughes - ‍Repurchases will not materially change BHGE, GE’s relative economic interests BHGE’s class A, class B stockholders’ relative voting interest Source text for Eikon: Further company coverage:

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