Article 6KY73 Why companies spin off

Why companies spin off

by
Paddy Hirsch
from NPR: Planet Money on (#6KY73)
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General Electric has been staggering along for years as a conglomerate. But recently, it's turned to a popular strategy to unlock new value: spinning off. Just last week, GE spun off its clean energy business into a new company: GE Vernova. On today's show, we explore what a spin off is and why companies do them.

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(Image credit: Gary Hershorn)

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