Investors hope GE spinoff will defy poor track record of breakups

While spinoffs are typically designed to unlock value, many have been followed by unremarkable share price performance. — Reuters

AS General Electric (GE) completes its US$191.9bil breakup, bullish investors are betting it will defy the lacklustre share price performance that has followed many corporate spinoffs over the last few decades.

Shares of GE were up nearly 37% this year as of Monday and stood near a seven-year high.