GE Surges After Agreeing to $21.4 Billion Sale of BioPharma Unit

  • Culp sees ‘tide beginning to turn’ as deal eases debt concerns
  • Troubled giant halts health IPO to focus on pact with Danaher
GE Agrees to Sell BioPharma Unit to Danaher in $21.4 Billion Deal
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When Larry Culp took command of flailing General Electric Co. late last year, his mandate was simple: be more aggressive.

Fewer than five months later, investors are applauding.