CareFusion leading Smiths Medical bid?
This article was originally published in Clinica
Executive Summary
Smiths Group is said to have put its medical business up for sale, with CareFusion touted as one of the potential bidders. Smiths could make upwards of $2 billion from the rumored deal, according to the Financial Times – but it may need to be substantially more. Morgan Stanley analyst David Lewis noted that in 2011, Smiths rejected a £2.5 billion ($3.9 billion at the time) offer from Apax Partners as insufficient (www.clinica.co.uk, 19 January 2011).