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UK: Engineer Smiths starts merger talks with US rival

By  |  May 28, 2018

UK engineering firm Smiths Group has begun talks with the US company ICU Medical about merging the two firms’ healthcare operations.

In a statement, Smiths said it was in “very early discussions” to combine its medical unit with the rival US firm. It added, the board “routinely reviews all options for the Group’s portfolio of businesses” to maximize value for shareholders.

On Sunday evening a spokesman for Smiths Medical business confirmed  that “it is in very early stage discussions about a potential combination of its medical division with ICU Medical”.

“There can be no certainty that a transaction will be concluded,” they added.

Full Content: Telegraph

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