(Reuters). General Electric (NYSE:) Co announced Tuesday that it will split into three companies focusing exclusively on aviation, energy and healthcare. The industrial conglomerate is trying to streamline its operations, reduce debt, and increase its share price.

This move follows several major U.S. corporate break-ups, which are listed below.

YEAR COMPANY

1984 AT&T Inc (NYSE:) In 1974, the U.S. government

An antitrust suit was filed

against AT&T Corp because it had

Telephone lines are monopolized by the company.

After eight years’ worth of litigation,

Both sides agreed to a

settlement that led to AT&T

Giving up the control

Companies that operate in regional areas,

Baby Bells. (https://reut.rs/3mWDI3Q)

2015 Ebay Inc In June 2015, e-commerce firm

The spinoff was approved by eBay Inc (NASDAQ)

PayPal (NASDAQ). (https://www.ebayinc.com/stories/news/ebay-inc-board-approves-completion-of-ebay-and-paypal-separation/)

2015 Hewlett Packard Co In November 2015,

Hewlett-Packard is split in two

listed companies. Hewlett

Packard Enterprise

What is the Corporate Hardware?

Service business and

Hewlett-Packard is the original owner.

The renamed HP Inc. (NYSE:) now includes the

Businesses that deal with computers and printers

(https://reut.rs/3og9c4i)

2016 Honeywell

International International Inc., U.S.

Manufacturer of parts for aerospace.

Klima control systems

Approved the $1.3 spinoff

Chemicals and resins worth billions

Operation into a separate

company, AdvanSix (NYSE:) Inc. (https://reut.rs/3F36dTY)

2019 DuPont

The material science of the company was spun off

Division Dow, Inc. followed in

April 2019 with agriscience

Company Corteva (NYSE:) as part of its

Breakup of three companies. (https://reut.rs/31McHYU)

2020 United Technologies (NYSE 🙂 March 2020

Technologies Corp approves the

Carrier Global spinoffs (NYSE:

Corporation and Otis Worldwide

Corporation. (https://www.prnewswire.com/news-releases/united-technologies-board-of-directors-approves-separation-of-carrier-and-otis-and-declares-spin-off-distribution-of-carrier-and-otis-shares-301021893.html)

2021 IBM (NYSE: IBM) IBM has spun off a substantial portion of

Its company was managed by and

Infrastructure business

Kyndryl as November 2021

Century-old technology company is sold

His slow-growing company to

Focus on cloud with high margins

artificial intelligence

Companies