28th May 2018 08:50
(Correcting that Smiths Group shares closed 0.5% up at 1,720.00 pence each at the close of trading on Friday, not that they were trading at that price on Monday morning.)
LONDON (Alliance News) - Engineer Smiths Group PLC on Sunday confirmed it is in "very early stage" talks over merging its medical unit with Nasdaq-listed ICU Medical Inc.
Smiths said there is no certainty a deal will be reached. ICU Medical, which is based in California, has a market capitalisation of some USD5.60 billion.
Smiths Group closed 0.5% higher at 1,720.00 pence per share on Friday.
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