Smiths Medical spikes merger talks with ICU Medical

Smiths Group (LON:SMIN) said yesterday that it’s spiking merger talks with ICU Medical (NSDQ:ICUI) after rejecting a nearly $4 billion offer earlier this month. The British company and San Clemente, Calif.-based ICU revealed negotiations in May about a possible union with Smiths Medical. Smiths, said to be eyeing the exit door last month, reportedly rejected a cash-and-stock offer worth $3.67 billion (£2.8 billion) in early September. Get the full story at our sister site, Drug Delivery Business News. The post Smiths Medical spikes merger talks with ICU Medical appeared first on MassDevice.
Source: Mass Device - Category: Medical Devices Authors: Tags: Featured Hospital Care Mergers & Acquisitions Wall Street Beat ICU Medical Inc. Smiths Medical Source Type: news