Smiths Group PLC (FRA:QS2A)
€ 20.8 0 (0%) Market Cap: 7.11 Bil Enterprise Value: 7.37 Bil PE Ratio: 23.99 PB Ratio: 2.66 GF Score: 84/100
Back to the Transcripts List

Smiths Group PLC to Discuss Superior Transaction for Sale of Smiths Medical to ICU Medical Inc Call Transcript

Sep 08, 2021 / 07:30AM GMT
Release Date Price: €16.95 (+2.91%)
Paul A. Keel
Smiths Group plc - CEO & Executive Director

Good morning, everyone, and thank you for joining us today on such short notice. With me in London this morning is John Shipsey, our CFO; and Jemma Spalton, who leads Investor Relations for Smiths. We're pleased to announce that we have received a higher value offer for Smiths Medical from ICU Medical, a U.S.-based leader in Medtech. After thorough consideration, we've agreed to sell the business to ICU on terms that are superior to the deal we announced last month with TA Associates. Today's transaction values our medical business at an enterprise value of USD 2.7 billion, which is about USD 0.4 billion higher than the TA proposal.

On this morning's call, I'll walk you through details of the transaction, how it compares to the previously announced deal, the proposed use of proceeds and the timeline moving forward. Let's begin with the details of this morning's announcement on Slide 3. The headline here is that the ICU transaction is superior to the previously announced agreement with PA in several respects.

First, both the

Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2024 GuruFocus.com, LLC. All Rights Reserved.