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Monday, October 21, 2019

Danaher to sell certain businesses to Sartorius for $750M

Danaher (NYSE:DHR) has signed an agreement to sell its label-free biomolecular characterization, chromatography hardware and resins, and microcarriers and particle validation standards businesses to Sartorius AG (OTC:SARTF) for ~$750M.
The agreement was signed as a step towards obtaining regulatory approval for its pending acquisition of the GE Biopharma business.
The transaction is expected to be closed in Q1 2020.
https://seekingalpha.com/news/3507146-danaher-sell-certain-businesses-sartorius-750m

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