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Becton, Dickinson Acquires Sirigen Group

Becton, Dickinson and Co. (BDX: Quote) or BD announced that it has acquired Sirigen Group Limited, a developer of unique polymer dyes that are used in flow cytometry and can be applied to other technologies.

Sirigen's polymer technology is based on Nobel Prize-winning research in conductive plastics and creates the potential for the development of novel dyes that are four to ten times brighter than conventional dyes - a breakthrough in the field.

The financial terms of the acquisition were not disclosed. On a GAAP basis, the transaction is expected to be dilutive to fiscal 2012 earnings per share by approximately $0.01.

The company maintained its full year earnings per share outlook. The company still projects reported earnings per share from continuing operations for the fiscal year 2012 to be between $5.33 and $5.38. Analysts polled by Thomson Reuters expect the company to report earnings of $5.38 per share for fiscal 2012. Analysts' estimates typically exclude special items.

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by RTT Staff Writer

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