{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-158404","form_type":"8-K","ticker":"BDX","cik":"0000010795","company_name":"BECTON DICKINSON & CO","filed_at":"2025-07-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.282635+00:00","generated_at":"2026-05-18T06:36:16.090276+00:00","sec_items":["7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"BD to combine its Biosciences & Diagnostic Solutions with Waters in ~$17.5B RMT transaction","bullets":["Transaction valued at ~$17.5B; BD shareholders to own ~39.2% of combined company; Waters ~60.8%.","Pro forma 2025E revenue ~$6.5B, adjusted EBITDA ~$2.0B; mid-to-high single-digit revenue growth expected.","Anticipated ~$345M annualized EBITDA synergies by 2030: ~$200M cost synergies by year 3, ~$290M revenue synergies by year 5.","BD to receive ~$4B cash distribution pre-close; at least half allocated to share repurchases, remainder for debt repayment.","Expected close around end of Q1 2026; subject to regulatory approvals and Waters shareholder approval."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-158404","json":"https://secwatch.observer/filing/0001193125-25-158404.json","markdown":"https://secwatch.observer/filing/0001193125-25-158404.md","text":"https://secwatch.observer/filing/0001193125-25-158404.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/10795/000119312525158404/0001193125-25-158404-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/10795/000119312525158404/d41030d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T06:36:16.090276+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}