FAIRFIELD, Conn., October 2, 2008 -- GE today announced that it priced an offering of 547,825,000 shares of its common stock at $22.25 per share. To the extent that the underwriters sell more than 547,825,000 shares of common stock, the underwriters have the option to purchase from GE up to an additional 82,173,750 shares.
Banc of America Securities LLC, Citi, Deutsche Bank Securities, Goldman, Sachs & Co., J.P. Morgan and Morgan Stanley are acting as bookrunning lead managers for the transaction. Barclays Capital, Credit Suisse and UBS Investment Bank are acting as junior bookrunners. Copies of the prospectus for the offering may be obtained from Goldman, Sachs & Co., Attn: Prospectus Department, 85 Broad St., New York, NY 10004 or by faxing (212) 902-9316 or by emailing [email protected].
This press release is neither an offer to sell, nor a solicitation of an offer to buy, nor shall there be any sale of, these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
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GE (NYSE: GE) is a diversified global infrastructure, finance and media company that is built to meet essential world needs. From energy, water, transportation and health to access to money and information, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. GE is Imagination at Work. For more information, visit the company's Web site at http://www.ge.com.
Russell Wilkerson
GE Capital Managing Director of Communications and Public Affairs
[email protected]
1-203-840-6420
1-203-581-2114
Trevor Schauenberg
GE Corporate VP Investor Communications
[email protected]
1-203-373-2424