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Shareholders should welcome the announcement that General Electric GE, +2.65% will become three companies. Using a mechanism called a spinoff — a tax-free dividend to GE shareholders of new shares in the separated businesses — CEO Larry Culp pursues value creation modeled by corporate titans from John Malone to Bill Stiritz and by companies from ITT ITT, +0.51% to Danaher DHR, -0.72% , which Culp used to run.
...read full article on Market Watch
