LONDON, UK: Smiths Group has now entered into a binding share purchase agreement with ICU Medical Inc. in relation to the sale of Smiths Medical to ICU Medical. The ICU Transaction is unanimously recommended by the board of directors of Smiths to be in the best interests of shareholders. On 8 September 2021, the…
LONDON, UK: Smiths Group plc has agreed the sale of Smiths Medical to ICU Medical Inc in a $2.4 billion deal, a news release said. The ICU Transaction delivers $0.4bn more value to shareholders and carries future material upside through both participation in ICU Medical equity and a $0.1bn ‘earnout’. In light of this,…
LONDON, UK: Smiths Group plc has entered into an agreement for the sale of Smiths Medical to Trulli Bidco Limited, a wholly owned subsidiary of funds advised by TA Associates LLP. The proposed transaction values Smiths Medical at an enterprise value of $2.3 billion (equivalent to £1.7 billion), plus an additional $0.2 billion contingent…