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.Read Long Article
