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- Company news: the financial division of General Electric (GE), GE Capital, is selling 12% stake in Townsquare Media
Company news: the financial division of General Electric (GE), GE Capital, is selling 12% stake in Townsquare Media
According to the WSJ, GE Capital has agreed to sell 3.2 million Townsquare Media shares Inc., which is 12% of the total issued shares of the company. The market value of Townsquare is about $ 230 mln., The value of the share is estimated at nearly $ 30 million. The companies are expected to report on the deal on Wednesday.
GE shares at the end of trading on Tuesday close at $ 31.19 (-0.16%).
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