GE: new share buybacks authorized


(CercleFinance.com) – GE was expected to rise on the New York Stock Exchange on Wednesday after announcing that its board of directors had authorized it to buy back $3 billion worth of shares.

In a form sent yesterday evening to the SEC, the American stock exchange authority, the industrial group indicates that it has also appointed three new independent directors.

They are, in this case, Stephen Angel, the former general manager of Linde, Isabella Goren, the former financial director of American Airlines, and Tomislav Mihaljevic, the CEO of the Cleveland Clinic hospital group.

GE shares were up more than 2% on Wednesday morning in pre-market quotations on Wall Street.

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