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H. Lawrence Culp, Jr., chairman and CEO of GE. H. Lawrence Culp, Jr., chairman and CEO of GE.

BOSTON—In its ongoing effort to strengthen its balance sheet, GE has reached a definitive agreement to sell its Biopharma business to Washington, DC-based Danaher Corp. in an all cash deal valued at $21.4 billion.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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