GE to break up into 3 companies focusing on aviation, healthcare and energy

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U.S. industrial giant General Electric will split into three companies following years of seeing its stock underperform, the company announced on Tuesday.

The company will be divided into separate units focused on aviation, health care and energy. GE plans to spinoff the health care unit by early 2023 and the energy unit by early 2024, the company said in a press release.

This is breaking news. Please check back for updates.

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