Brief: BD To Sell Surgical Instrumentation Platform To Steris

Steris

20/06/2023 16:13

June 20 (Reuters) - Becton Dickinson and Co  BDX.N :
    * BD TO SELL SURGICAL INSTRUMENTATION PLATFORM TO STERIS
    * BD - OTHER TERMS OF AGREEMENT WERE NOT DISCLOSED
    * BD: TO SELL ITS SURGICAL INSTRUMENTATION PLATFORM TO
STERIS FOR
$540 MILLION
    * BD - IF DEAL CLOSES AS EXPECTED WITHIN BD'S FISCAL YEAR
2023,
IMPACT TO ADJUSTED EARNINGS PER SHARE (EPS) WOULD BE IMMATERIAL
    * BD - DIVESTITURE WILL INCLUDE V. MUELLER, SNOWDEN-PENCER
AND
GENESIS BRANDED PRODUCTS
    * BD: CASH PROCEEDS FROM DEAL WILL BE DEPLOYED CONSISTENT
WITH
BD'S CAPITAL ALLOCATION PRIORITIES
    * BD - DIVESTITURE WILL ALSO INCLUDE THREE MANUFACTURING
FACILITIES LOCATED IN ST. LOUIS, MO., CLEVELAND, OHIO AND
TUTTLINGEN, GERMANY
    * BD - ABOUT 360 EMPLOYEES WHO SUPPORT SURGICAL
INSTRUMENTATION
PLATFORM WILL TRANSFER TO STERIS UPON COMPLETION OF DEAL

Source text for Eikon:  ID:nPn2MGkBva 
Further company coverage:  BDX.N 

 (Reuters.Briefs@thomsonreuters.com)