GE to Split Into Three Public Companies

General Electric will split into three public companies as the storied U.S. industrial conglomerate seeks to simplify its business, pare down debt and breathe life into a battered share price, the company said on Nov. 9, as reported by Reuters.

The split marks the end of the 129-year-old conglomerate that was once the most valuable U.S. corporation and a global symbol of American business power.

The Boston-based company said the three businesses would focus on energy, healthcare and aviation.