Smiths Group subject of revived break-up rumour
Smiths Group, a listed UK-based engineering company, was the subject of revived break-up speculation yesterday, 3 February, the Financial Times reported. The newspaper’s market report section did not cite a source for the rumour.
The item noted that Smiths Group said in August that it had ended talks with a rival about a possible sale of its medical devices arm due to differences over the price. It was thought that San Diego, California-based rival CareFusion was the party in talks with Smiths Group, the item added.
Smiths Group’s share price closed 27p down at 1411p in London yesterday, giving the company a market capitalisation of GBP 5.56bn (EUR 6.69bn).
Financial Times {http://on.ft.com/1nMrRiV}