GE Verona is perfectly set up for the energy transition, says Jim Cramer'Mad Money' host Jim Cramer takes a closer look at GE energy spinoff Verona and his thoughts on the company.
Persons:
Jim CramerOrganizations:GE Verona, GELocations:Verona
Hang tight: You will receive BLCO shares — eventually.
A carve-out occurs when a company sells shares in the separated unit into the open market via an initial public offering (IPO).
A spin-off is when management distributes shares of the new company to exiting shareholders via a special dividend.
A split-off gives existing shareholders the option to receive shares in the new entity in exchange for shares in the parent company.
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Persons:
Jim Cramer, — Ted Great, Ted, Hang, Bausch, BHC, it's, Johnson, JNJ, Jim, Brendan McdermidOrganizations:—, Bausch Health, General Electric, GE, GE HealthCare, GE Verona, CNBC, Kenvue Inc, Johnson, New York Stock ExchangeLocations:BLCO, JNJ, New York City, U.S