Becton Dickinson (BD) to Acquire Privately-Held Safety Syringes

July 11, 2012 5:01 PM EDT Send to a Friend
BD (Becton, Dickinson and Company) (NYSE: BDX), has entered into a definitive agreement to acquire Safety Syringes, Inc., a privately held California-based company that specializes in the development of anti-needlestick devices for prefilled syringes. The acquisition, which is subject to the satisfaction of customary closing conditions, including regulatory approvals, is expected to close by the end of BD's fiscal year 2012. The financial terms of the agreement were not disclosed.

The acquisition would enable BD to provide passive safety offerings to any prefillable syringe customer. Safety Syringes, Inc. is a category leader for passive needle shields and guards for prefilled syringes, currently supporting more than 20 drugs on the market.

BD expects the transaction to be minimally dilutive for fiscal year 2012, and does not expect it to impact BD's previously communicated 2012 earnings guidance.


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