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Why General Electric Stock Leapt Higher Thursday

·2 min read
Why General Electric Stock Leapt Higher Thursday
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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.