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JPetroInc

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JPetroInc

Re: Cameo Brien post# 9364

Friday, 03/20/2020 7:48:07 AM

Friday, March 20, 2020 7:48:07 AM

Post# of 11961
GE’s $20-Bil. Division Sale Approved by Regulators

By Al Root

March 19, 2020 8:17 pm ET Order Reprints

https://www.barrons.com/articles/ges-20-billion-division-sale-approved-by-regulators-51584663432

U.S. antitrust regulators cleared General Electric’s biopharma division sale to Danaher Thursday evening. The deal, which will bring $20 billion into GE’s coffers, is now slated to close March 31, in line with management’s expectation.

“Today’s update represents a critical milestone on our journey to transform GE,” said General Electric CEO Larry Culp in a news release. “The value from this transaction will fortify our considerable sources to de-risk our balance sheet and continue to solidify our financial position.”
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