Danaher’s decision to spin off its water business is a win-win for long-term investors

Danaher will separate its Environmental & Applied Solutions, or EAS, business segment as a separately traded public company. EAS provides instruments and software to businesses and utilities to test water quality. The separation is expected to be tax-free to current shareholders and finalize in the fourth quarter of 2023. Since the announcement Wednesday, shares of Danaher were up 2% in a down market. “I do think this [DHR] should be up more on this news,” said Jeff Marks, director of portfolio analysis at the Investing Club.

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