In 2014 Medtronic Plc bought Covidien Plc, adding a wide range of
medical products to the complex medical devices it already had. Medical companies that supply hospitals and doctors are under increasing pressure to consolidate their operations to get prices down, which has led to several deals in the space. Two of the world's biggest health-care suppliers plan to combine as Becton, Dickinson & Co. agreed to buy C.R. Bard Inc. for $24 billion, creating a powerhouse that can offer customers everything from syringes to infection-prevention technology. Bard investors will receive $222.93 in cash and 0.5077
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shares of Becton, Dickinson stock for each share they own, according to the statement.
Becton Dickinson Acquires Medical Technology Peer C.R. Bard for Hefty Premium
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medical supplies giant BDX ), or Becton Dickinson, will acquire medical products firm BCR ) for $24 billion, the companies announced Sunday. Becton Dickinson will pay $317 a share, with $222.93 in cash and 0.5077 share of BD per Bard share. Diluted earnings per share rose 23% to $2.87, with revenue up 7% to $938.8 million. Bard will
addvascular, urology, oncology and surgical specialty products to BD. BD said the deal will be immediately accretive to earnings, with a mid-single-digit gain in fiscal 2019.
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