M&A
confidence high
sentiment positive
materiality 0.80
ICU Medical enters binding agreement to acquire Smiths Medical after put option exercised
ICU MEDICAL INC/DE
- Seller exercised put option on Sep 27, 2021, triggering binding purchase agreement for Smiths Medical.
- ICU Medical commits to acquire Smiths Medical 2020 Limited, the holding company of Smiths Group's medical device business.
- Form of Purchase Agreement previously filed as Exhibit 2.1 to Sep 8, 2021 8-K; no new financial terms disclosed.
- Transaction subject to terms and conditions of the Purchase Agreement; closing conditions remain.