Smiths Group plc (SMIN.L) said it has exercised its previously announced put option and has now entered into a binding share purchase agreement for the previously announced sale of Smiths Interconnect to Molex Electronic Technologies Holdings. The deal values Smiths Interconnect at an enterprise value of 1.3 billion pounds. Smiths announced on 16 October 2025 that it had entered into a put option agreement with Molex.
The Group expects completion of the transaction to take place in the second half of fiscal year 2026.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.