Brief: Smiths Group To Sell Smiths Detection For Enterprise Value Of 2 Bln Stg
Dec 3 (Reuters) - Smiths Group PLC SMIN.L: SMITHS GROUP PLC - SALE OF SMITHS DETECTION SMITHS GROUP - DEAL VALUES SMITHS DETECTION AT £2.0BN SMITHS GROUP - TO SELL SMITHS DETECTION TO CVC CAPITAL PARTNERS SMITHS GROUP - PROPOSED DEAL FOR ENTERPRISE VALUE OF £2.0BN SMITHS GROUP - EXPECTS NET CASH PROCEEDS OF £1.85BN SMITHS GROUP - TO RETURN PROCEEDS TO SHAREHOLDERS Source text: ID:nRSC0458Ka Further company coverage: SMIN.L ((Reuters.Briefs@thomsonreuters.com;))