EVENDALE, Ohio - As previously announced, General Electric Company completed its acquisition of Greenwich Air Services, Inc. on September 2, 1997.
Based on the number of Greenwich stockholders who have elected to receive cash, each Greenwich stockholder who has made a cash election will receive a prorated amount of cash consideration equal to 22 percent of such stockholder's cash election.
As a result, for each Greenwich share as to which a stockholder elected cash, such stockholder will receive $6.82 and a 0.3738 share of GE common stock.