Tag Archives: GE

GE shares surge after Danaher agrees to buy biopharma business for $21.4 billion

GE sells biopharma unit to Danaher for $21.4B  7:24 AM ET Mon, 25 Feb 2019 | 00:45 Danaher will buy the biopharmaceutical business of General Electricin a $21.4 billion deal, the companies announced Monday. The deal will see Danaher pay $21 billion in cash, as well as assume certain GE pension liabilities. The GE Life Sciences unit will join Danaher’s Life… Read More »

GE Capital aims to lose ‘too big to fail’ status

General Electric’s financing arm – GE Capital- has asked regulators to remove it from the list of institutions deemed “too big to fail” after having shrunk the size of its business. GE said it no longer posed “any conceivable threat to US financial stability”. US regulators labelled GE Capital a systemically important financial institution (SIFI) in 2013. SIFIs… Read More »