GE’s Synchrony Exchange Offer Complete, Oversubscribed By 3.2 Times

General Electric(GE) announced the results of its exchange offer for Synchrony Financial(SYF) common stock this morning. The exchange, which ended last night at midnight, was oversubscribed by 3.2 times, with “2,149,128,195 shares of GE common stock were validly tendered and not validly withdrawn.”  The company will “accept 671,366,809 of the tendered shares in exchange for the 705,270,833 shares… Read More »