Thread regarding Baker Hughes Inc. layoffs

What happens to BHI stock if the GE/BHI partnerships goes through in 2017?

I understand that if the GE/BHI partnership goes through, that GE will pay a one-time dividend of $17.50 for each share of BHI stock; however, I have yet to read, or perhaps understand, what happens to the BHI stock if the partnership goes through. I read that GE shares will see a likely increase of 4% and that GE will own 62.5% of the new partnership and the remaining 37.5% is own by whom? BHI? BHI Shareholders? What happens to the BHI stock in this new arrangement? (I know this isn’t a done deal until the Shareholders agree and that the DOJ and the European counterpart approve the deal in 2017.)

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if there are 423M shares of BHI, NewCo will be created with 1128M shares. The 423M shares of BHI will be exchanged 1:1 for 423M shares of NewCo + $17.50/share. GE will get 705M shares of NewCo.

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For each share of BHI you own, you will get one share of the new Baker Hughes (a GE Company), ticker symbol yet to be determined, and $17.50.

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The new ticker is going to be (IRU) Idiots R Us. You bunch of Schleprock's

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The new entity will be listed on the stock market with a new ticker, BHI shareholders will be offered a number of shares (fractions) for each BHI share and the BHI ticker (and the company) will cease to exist.

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