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

Quick Facts

Editors Pick
comScore (SCOR), a global media measurement and analytics company, reported U.S. desktop retail e-commerce spending for the first 27 days of the November-December 2015 holiday season. For the holiday season-to-date, $23.4 billion has been spent online, marking a 5-percent increase versus the corresponding... Cricket Wireless Monday said it is adding to the Cyber Monday excitement by offering new and existing customers 50 percent off Samsung Galaxy S4, S5, and S6 today through December 3 with activation on a smartphone plan. The offer can be combined with the Black Friday offer where customers switching... Global watch maker, Swatch Group will be launching "pay by the wrist" watches early next year in partnership with Visa Inc.
comments powered by Disqus
Follow RTT