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GE is selling biopharma business sale to Danaher for $21.4 billion, reportedly calls off healthcare IPO (GE, DHR)

GE is selling biopharma business sale to Danaher for $21.4 billion, reportedly calls off healthcare IPO (GE, DHR)
AP Images / Richard Drew



General Electric said Monday it would sell its biopharma business to Danaher for $21.4 billion.




GE shares jumped 16% on the news and Danaher was up 7%.




Watch General Electric and Danaher trade live.




General Electric on Monday said it would sell its biopharma unit to Danaher for $21.4 billion in an effort to accelerate the ailing industrial conglomerate's turnaround.
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