Smiths Group PLC to Discuss Superior Transaction for Sale of Smiths Medical to ICU Medical Inc Call Transcript - Thomson StreetEvents

Smiths Group PLC to Discuss Superior Transaction for Sale of Smiths Medical to ICU Medical Inc Call Transcript

Smiths Group PLC to Discuss Superior Transaction for Sale of Smiths Medical to ICU Medical Inc Call Transcript - Thomson StreetEvents
Smiths Group PLC to Discuss Superior Transaction for Sale of Smiths Medical to ICU Medical Inc Call Transcript
Published Sep 08, 2021
7 pages (3987 words) — Published Sep 08, 2021
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Transcript of SMIN.L M&A conference call or presentation 8-Sep-21 7:30am GMT

  
Brief Excerpt:

...Good morning, everyone, and thank you for joining us today on such short notice. With me in London this morning is John Shipsey, our CFO; and Jemma Spalton, who leads Investor Relations for Smiths. We're pleased to announce that we have received a higher value offer for Smiths Medical from ICU Medical, a U.S.-based leader in Medtech. After thorough consideration, we've agreed to sell the business to ICU on terms that are superior to the deal we announced last month with TA Associates. Today's transaction values our medical business at an enterprise value of USD 2.7 billion, which is about USD 0.4 billion higher than the TA proposal. On this morning's call, I'll walk you through details of the transaction, how it compares to the previously announced deal, the proposed use of proceeds and the timeline moving forward. Let's begin with the details of this morning's announcement on Slide 3. The headline here is that the ICU transaction is superior to the previously announced agreement with PA...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Smiths Group PLC
Ticker
SMIN.L
Time
7:30am GMT
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
Thomson StreetEvents. "Smiths Group PLC to Discuss Superior Transaction for Sale of Smiths Medical to ICU Medical Inc Call Transcript" Sep 08, 2021. Alacra Store. May 03, 2024. <http://www.alacrastore.com/thomson-streetevents-transcripts/Smiths-Group-PLC-to-Discuss-Superior-Transaction-for-Sale-of-Smiths-Medical-to-ICU-Medical-Inc-Call-T14982501>
  
APA:
Thomson StreetEvents. (2021). Smiths Group PLC to Discuss Superior Transaction for Sale of Smiths Medical to ICU Medical Inc Call Transcript Sep 08, 2021. New York, NY: Alacra Store. Retrieved May 03, 2024 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Smiths-Group-PLC-to-Discuss-Superior-Transaction-for-Sale-of-Smiths-Medical-to-ICU-Medical-Inc-Call-T14982501>
  
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