BHGE Changes Its Name to Baker Hughes Company
HOUSTON & LONDON—Baker Hughes, a GE company (NYSE: BHGE) has successfully changed its name to Baker Hughes Company. The company will be known as Baker Hughes, and on October 18, 2019, its Class A common stock will begin trading on the New York Stock Exchange under the symbol “BKR”.
Baker Hughes is uniquely positioned as an energy technology company, with a diverse portfolio that spans the entire energy value chain. The company’s new name and brand better reflect its current and intended principal business operations and diversified portfolio. These changes follow the recently-completed secondary offering of shares of Class A common stock and concurrent share repurchase, bringing General Electric Company and its affiliates’ ownership in the company to below 50 percent of the voting power of all classes of the company’s voting stock.
Industry Sponsor
Become an Industry Sponsor
GCI Invests $12M in Cordova Telecom Subsea Cable to Southeast
GCI adds $12 million to Cordova Telecom Cooperative’s FISH in SEAK subsea fiber optic cable to Southeast, expected to deploy in 2027.
Anchorage Chamber Presents 68th Annual Gold Pan Awards
At a Mardi Gras masquerade, the Anchorage Chamber of Commerce showered the “Brilliance of Bourbon Street” upon winners who’ve shown business and entrepreneurial excellence.
Operator Overhaul for Ketchikan Shipyard: AIDEA Puts JAG at the Helm
The Alaska Industrial Development and Export Authority welcomes JAG Marine Group to replace Vigor Alaska as operator of the Ketchikan Shipyard.
Also in this issue: building a company and planning an exit strategy; several ESOPs, and UAS’ foray into a new model for tuition. Enjoy!