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get this several pieces of breaking news out from uh general electric and this we heard some rumors about this but now we can tell you that ge has struck a deal to combine its aircraft leasing unit with that of irelands air cap holdings it had been reported earlier this week that the two sides were in talks ge gets 24 billion dollars in cash a 46 ownership stake in the new company and another billion dollars in either air cap notes or cash when the deal closes its going to use the proceeds of the deal to reduce debt along with the announcement of the deal ge issued an updated outlook and the news that its recommending that shareholders approve a one for eight reverse stock split its adjusted earnings outlook for this year is 15 to 25 cents a share compared to a 26 cent consensus estimate however the newly announced deal will result in a near-term non-cash charge which isnt built in to forecast analyst forecasts and it certainly does make it a much a smaller company in terms of wh