GE Aerospace (GE)

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Danaher to Divest Assets to Satisfy FTC Conditions on GE Biopharma Acquisition

Today : Friday 20 March 2020

By Stephen Nakrosis

https://ih.advfn.com/stock-market/NYSE/general-electric-GE/stock-news/82040661/danaher-to-divest-assets-to-satisfy-ftc-conditions

The U.S. Federal Trade Commission on Thursday said Danaher Corp. has agreed to divest some assets as a condition to its proposed acquisition of GE Biopharma.
The FTC said the $21.4 billion deal would violate U.S. antitrust laws by lessening competition "in highly concentrated product markets for 10 products that companies use to manufacture biopharmaceutical drugs."
Under the terms of the deal, the FTC said, Danaher will "divest all rights and assets to research, develop, manufacture, market, and sell these products" to Germany's Sartorius AG.
In February of last year, General Electric Co. said it would sell the GE Biopharma business to Danaher.

--Write to Stephen Nakrosis at [e-mail]

(END) Dow Jones Newswires
March 19, 2020 18:41 ET (22:41 GMT)
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