secwatch.observer — SEC 8-K summary
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Issuer:     STERIS plc (STE)
CIK:        0001757898
Form:       8-K
Filed at:   2023-06-20T23:59:59+00:00
Accession:  0001193125-23-169645
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

STERIS acquires surgical instrumentation assets from BD for $540M; expects close by Sept 30, 2023
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- Purchase price $540M in cash; assets include V. Mueller, Snowden-Pencer, Genesis brands.
- Annual revenue for acquired businesses ~$170M; adjusted EBIT ~$45M (fiscal 2023 projected).
- Expected to close by Sept 30, 2023, subject to HSR and customary conditions.
- Deal financed via debt and cash on hand; expected accretive to adjusted EPS in FY2024.
- STERIS anticipates ~$60M present value tax benefit from goodwill.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1757898/000119312523169645/0001193125-23-169645-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1757898/000119312523169645/d511925d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-169645

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer