When General Electric created an independent health care division and divested it in June 2018 by distributing to GE's stockholders new shares in the new business, the strategic action was termed

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The strategic action described is a spin-off, which involves creating a new, independent business unit and distributing ownership shares to existing shareholders. This allows the parent company to focus on its core operations while allowing the spun-off entity to pursue its own strategic goals and objectives.

When General Electric Created an Independent Health Care Division and Divested