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UPDATE 1-GE explores hybrid deals, spinoffs in strategic review- WSJ

(Adds details from the pickup, shares)

April 12 (Reuters) - General Electric Co is exploring a public offering for one of its divisions and discussing hybrid deals with public companies to combine assets, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

The hybrid deals would leave GE shareholders with stakes in multiple public companies, the report https://www.wsj.com/articles/ge-explores-hybrid-deals-spinoffs-in-strategic-revi e w - 1 5 2 3 5 2 5 4 0 0 said. The company's shares were up about 1 percent at $13.08 in light premarket trading.

The possibilities include spinning off a division to investors or combining a division with a smaller public company in a way that avoids a big tax bill.

The report said GE's transportation business, which makes diesel freight locomotives, is unlikely to be sold now and the U.S. industrial conglomerate is preparing of an initial public offering or spinoff of the division.

GE was not immediately available for a comment outside business hours. (Reporting by Vibhuti Sharma in Bengaluru; Editing by Arun Koyyur)