Smiths Group PLC (SMIN.L)
25 Mar 2019
* All sectors on both UK indexes end in the red (Adds news item, analyst comment, updates to closing prices)
Smiths Group Plc plans to list its healthcare business, which makes respiratory devices and catheters, as it focuses on industrial technology services.
* Shares rise as much as 4 pct (Adds comments from management call, analysts, shares)
March 22 Smiths Group Plc said on Friday it would separate its healthcare unit and list it, as the British engineering firm sharpens its focus on industrial technology.
British engineer Smiths Group plans to spin off its healthcare business to focus on industrial technology, two months after a 7 billion pound ($9.1 billion) deal to merge it with U.S.-based ICU Medical collapsed.
* Market welcomes separation plan, shares rise (Adds CEO comments, potential buyers, medical unit value)
Nov 14 Smiths Group Plc said it intends to spin off its healthcare unit, just two months after ending talks with U.S.-based ICU Medical Inc over a possible 7 billion pound-plus ($9.10 billion) merger of their healthcare businesses
Nov 6 Proxy voting adviser Pensions & Investment Research Consultants Limited (PIRC) has recommended shareholders reject the management remuneration reports for both Hays Plc and Smiths Group Plc, saying pay and bonuses for both firms chief executives were excessive.
Smiths Group said on Thursday it would buy United Flexible Inc, a U.S.-based maker of parts for aircraft engines, from private equity firm Arlington Capital Partners for an enterprise value of $345 million.
Oct 4 Smiths Group said on Thursday it would buy United Flexible Inc, a U.S.-based maker of parts for aircraft engines, from private equity firm Arlington Capital Partners for an enterprise value of $345 million.