M&A
confidence high
sentiment neutral
materiality 0.80
Baxter completes Vantive sale to Carlyle for $3.8B; net proceeds ~$3.4B
BAXTER INTERNATIONAL INC
- Sale closed Jan 31, 2025; Baxter received ~$3.71B cash, net after-tax proceeds ~$3.4B.
- Pro forma continuing ops net income $275M for 9 months ended Sep 30, 2024; diluted EPS $0.54.
- Pro forma balance sheet as of Sep 30, 2024: total assets $25.4B, total equity $7.6B.
- Entered into transition services and manufacturing/supply agreements with Vantive post-close.