Ok lads, so the July 1st has passed and GE is still there, owning a BHGE. How happened ?
Where’s the announcement we were waiting for so long ?
11 replies (most recent on top)
Big announcement 20th July
it's so quiet, we all should hear something by now. or at least hear rumors...
incompetence cost us a lot of work what a mess this is. biggest fault is bad management especially North Sea. How many contracts lost there?
According to sec filings June 28th 3019, GE Group (a bunch of entitles all related to GE) requested millions of shares (all of them).
My bet is BHGE floats a bunch of debt and buys out GE at current stock price like last time or predatory hedge gets control of BHGE’s board and starts selling off pieces to Halliburton and others.
It’s not a good situation for employees😭
They prob wait until after the holidays (july4) b4 they make announcement. Don’t want to spoil the holidays with layoffs!!
Ah wiz laid aff we nae money n nae pension n hiv tae tak e fookers tae e court tae get ma money
Wiz at fair? Fit why is there money for ither things n nithing for the boys fa did a the work? 25 years a knocked ma pan in for at company en e store n fit thanks did ah get?
@ZQ95Rba-1xro Well, if there’s no money to buy back they can exchange some P&L’s for those shares.
No one is going to waste money buying a washed up loser service company in a dying industry. Chop chop chop is the only way forward
No one else wants to buy the percentage they own as the company is not worth what they want for it.
Were now stuck owned by someone who dose not want us and cant afford to buy back ourselves.
Only one outcome will happen and that will be cutting heads.
We will be told by end of July
They may keep bhge after all!!