logo
Share SHARE
FONT-SIZE Plus   Neg

Becton, Dickinson Acquires Sirigen Group

Becton, Dickinson and Co. (BDX) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
AIG reported a plunge in second-quarter profit, hurt by a decline at its insurance business, debt-related losses and lower gains from the sale of investments. However, its earnings topped Street estimates, partly on contribution from aircraft leasing giant AerCap. AIG also announced a boost in dividend and said it would buyback an additional $5 billion stock. Automakers on Monday reported strong U.S. vehicle sales for the month of July, driven by continued demand for trucks and sport-utility vehicles amid an improving economy, lower gas prices and easy availability of credit. Detroit's Big Three - General Motors Co., Ford Motor Co. and FCA US, LLC - all reported vehicle sales above analyst expectations. British lender Lloyds Banking Group Plc. Friday reported higher profit in its first half, benefited by increased net interest income and margin as well as lower impairment. Looking ahead, the company lifted its net interest margin forecast.
comments powered by Disqus
Follow RTT