UPDATE 2-GE chief Culp sells biopharma business for $21 bln
February 25, 2019 at 07:56 AM EST
Shares of General Electric Co surged 11 percent on Monday after the U.S. industrial conglomerate said it would sell its biopharma business to Danaher Corp for $21 billion, its first major asset sale under new Chief Executive Officer Larry Culp.
