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Stock impact report

General Electric Gets $20 Billion Windfall From Danaher [Seeking Alpha]

Danaher Corporation (DHR) 
Last danaher corporation earnings: 1/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.danaher.com
Company Research Source: Seeking Alpha
SummaryGE completed its $20 billion sale of GE Biopharma to DHR. The windfall will allow GE to put a dent in its sizeable debt load.The coronavirus has devastated demand for air travel, causing GE to furlough 50% of Aviation's engine manufacturing staff.Aviation is GE remaining moat. If Aviation falters, then GE's credit metrics could become a point of contention.Sell GE.Source: Barron'sGeneral Electric (closed the saleGE (GE) announced today the completion of the sale of its BioPharma business to Danaher Corporation (DHR) ("Danaher") for approximately $20 billion of net proceeds.GE Chairman and CEO H. Lawrence Culp, Jr., said, "Completing the sale of BioPharma represents a critical milestone on our multi-year transformation, fortifying our considerable sources to de-risk our balance sheet and continue to solidify our financial position. I am proud of the teams for completing this transaction amidst a great deal of global change. As we go forward, GE retains one of the world's leading Show less Read more
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