FAIRFIELD, Conn.--(BUSINESS WIRE)--Nov. 30, 2005--GE (NYSE: GE) today announced it intends to commence a secondary public offering of 38 million shares of Genworth's Class A Common Stock on December 1, 2005 and to price the offering after the close of trading on that day.
The timing of this offering will allow shares to be sold to meet anticipated investor demand for Genworth shares following Standard & Poor's announcement last night of its intention to add Genworth to its S&P 500 Index as of the close of trading on December 1, 2005.
GE will not offer additional Genworth shares in 2005 and expects to sell its remaining Genworth shares by the end of 2006.
Morgan Stanley & Co. Incorporated is the sole bookrunner and sole manager for the offering. Interested parties may obtain a written prospectus relating to the offering, when available, from Morgan Stanley & Co. Incorporated, 180 Varick Street, New York, NY 10014 or by email at [email protected].
This announcement does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state.
GE (NYSE: GE) is a diversified technology, media and financial services company dedicated to creating products that make life better. From aircraft engines and power generation to financial services, medical imaging, television programming, and plastics, GE operates in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.
Caution Concerning Forward-Looking Statements
This document contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, particular uncertainties arise from the behavior of financial markets, including fluctuations in interest rates and commodity prices, from future integration of acquired businesses, from future financial performance of major industries which we serve, including, without limitation, the air and rail transportation, energy generation and healthcare industries, from unanticipated loss development in our insurance businesses, and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
Contacts
General Electric, Fairfield
Russell Wilkerson, 203-373-3193
Mobile: 203-581-2114
[email protected]