Danaher Corp. (DHR) investors are antsy for the industrial conglomerate to make a big acquisition.
The company hasn’t done a deal of at least $500 million since 2012, its longest drought in 11 years, according to data compiled by Bloomberg. That’s contributed to the worst start to a year since 2008 for Danaher stock, as annual sales also expanded at the slowest pace since 2009. Investors are holding off on buying Danaher shares until the $56 billion company, known for its dealmaking, gets back in the game with a transaction big enough to spark some growth, said Longbow Research.
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