A new type of investor has taken a chance on GE and is feeling validated by its recent biotech sale
For the newest investors in General Electric Co., the proof is in the $21 billion biotechnology deal.
The conglomerate’s agreement last week to sell that small but fast-growing business to Danaher Corp. provided a moment of validation to a group of value-seeking stock buyers who plowed into the stock at the end of 2018 amid fears the company was collapsing.
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