ICU Medical To Buy Pfizer Unit in $1 Billion Deal : wsj

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ICU Medical To Buy Pfizer Unit in $1 Billion Deal

ICU Medical To Buy Pfizer Unit in $1 Billion Deal

ICU Medical Inc. agreed to buy Pfizer Inc.'s infusion-systems business in a $1 billion cash-and-stock deal, giving the California medical-device maker a larger footprint in the global market.Under the deal's terms, ICU Medical will acquire Pfizer's Hospira Infusion Systems business for $400 million in newly issued shares.This would give Pfizer a 16.6% stake in ICU Medical and the right to nominate one director to the company's...


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ICU Medical (ICUI) to Acquire Pfizer's (PFE) Hospira Infusion Systems Business in $1B Deal

ICU Medical (ICUI) to Acquire Pfizer's (PFE) Hospira Infusion Systems Business in $1B Deal

ICU Medical Inc. (Nasdaq: ICUI) and Pfizer Inc. (NYSE: PFE) announced that they have entered into a definitive agreement under which ICU Medical will acquire all of Pfizer's global infusion therapy business, Hospira Infusion Systems (HIS), for $1 billion in cash and stock.The Hospira Infusion Systems business includes IV pumps, solutions, and devices that, when combined with ICU Medical's existing businesses, will create a leading pure-play infusion therapy company, with estimated pro forma combined revenues of approximately $1.45 billion based on trailing twelve month results as of June 2016.Under the terms of the agreement, Pfizer will receive approximately $400 million in newly issued shares of ICU Medical common stock and $600 million in cash from ICU Medical subject to customary adjustment for net working capital.


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Twitter and Wal-Mart Fall; ICU Medical and Lam Research Jump

Twitter and Wal-Mart Fall; ICU Medical and Lam Research Jump

Stocks that moved substantially or traded heavily on Thursday:Twitter Inc., down $5 to $19.87Investors felt it is less likely the social network will be bought by another company.Zumiez Inc., up $2.88 to $21.15The teen retailer said an important sales measure improved in September, a surprise to analysts.ICU Medical Inc., up $18.72 to $144.68The company agreed to buy an infusion pump business from Pfizer for $1 billion in cash and stock.


besides fortune

Pfizer to Sell Hospira Infusion Systems to ICU Medical

Pfizer to Sell Hospira Infusion Systems to ICU Medical

Medical device maker ICU Medical said it would buy Pfizer's global infusion therapy business, Hospira Infusion Systems, for $1 billion in cash and stock.ICU's shares rose about 7% to $135 in light premarket trading on Thursday.Pfizer will receive $600 million in cash and nearly $400 million in newly issued shares of ICUMedical common stock, giving the drugmaker a stake of about 16.6%.