GE HealthCare Falls on $1 Billion Morgan Stanley Share Sale
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GE HealthCare Technologies Inc. shares fell as much as 2.5% in Friday trading after Morgan Stanley sold a block of shares for about $1.1 billion, in the middle of a marketed range.
The offering of 13 million shares priced at $82.25 apiece, according to a statement, representing about a 3.9% discount to Thursday’s closing price. Morgan Stanley marketed the shares for $81.50 to $83.00 each, Bloomberg News has reported.