3rd May 2016 05:49
LONDON (Alliance News) - Engineer Smiths Group PLC is understood to be among those planning a potential USD2.0 billion offer for the medical pumps unit of US pharmaceutical company Pfizer Inc, The Daily Telegraph reported.
Smiths is understood to be in early talks to acquire the pumps business, which Pfizer had acquired though its USD25.0 billion purchase of Hospira, a US drugmaker and medical devices firm.
Smiths' medical devices business it is largest unit, having overtaken its John Crane energy services unit earlier in 2016.
http://www.telegraph.co.uk/business/2016/05/01/smiths-group-eyes-up-pfizers-medical-devices-in-2bn-deal/
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Smiths Group