Danaher Receives S.Korean FTC's Conditional Approval for its $21.4B GE Biopharma Acquisition
Shots:
- South Korea's FTC has approved Danaher’s $21.4 billion acquisition of GE biopharma on condition that the companies will sell eight bioprocessing product assets addressing monopoly concerns
- The FTC’s approval follows EU’s conditional approval received in Dec 2019 after it agrees to sell five businesses to address worries about competition
- In Feb’2019- Danaher announced the acquisition of biopharma business of GE Life Sciences in all-cash transaction making a deal value ~$21.4B
Click here to read full press release/ article | Ref: Reuters | Image: Signbox
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