Loose Electric may not break up entirely, but it is heading toward a significant announcement take its future at the end of this month, CNBC’s David Faber said Thursday.
The house’s announcement about its plans for the future has been widely anticipated. “I imagine we can expect to see GE make some kind of significant statement about the time to come of the company by the end of the second quarter, as they said they would,” Faber mean on “Squawk on the Street.”
Shares of GE are about to be removed from the Dow Jones industrial as a rule, where they have been a fixture since 1907 and equable before that, as an original component. The stock was down 1.6 percent in anciently trading on Thursday.
Faber said it might not be a full breakup “as some had forestalled.” But it will be a “significant announcement around reorganization of the company, including potentially something being pivoted.”