Why General Electric Stock Leapt Higher Thursday
Shares of industrial giant General Electric (NYSE: GE) shot up 5% as of 3:05 p.m. EDT Thursday on news that the company will make its largest acquisition in at least three years.
Ultrasound maker BK Medical, "a leader in advanced surgical visualization," is the target, said GE in a press release.
GE will ante up $1.45 billion in cash for the acquisition, and will incorporate BK Medical into GE's $3 billion healthcare business. While ultrasounds are most often used to diagnose conditions, BK Medical's products are used to show surgeons what is happening within a patient's body prior to surgery, and "to guide clinicians during minimally invasive and robotic surgeries," offering "real-time surgical visualization."
Source Fool.com
