Becton Dickinson (BDX) Acquires Polymer Dye Firm Sirigen Group; Maintains FY12 Outlook
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Revenue Growth %: +0.5%
Financial Fact:
Income from Continuing Operations: 1.39
Today's EPS Names:
QSII, DSX, REDF, More
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BD (Becton, Dickinson and Company) (NYSE: BDX), 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 FY 2012 earnings per share by approximately $0.01. The Company is maintaining its full year EPS outlook as provided in its third quarter press release.
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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 FY 2012 earnings per share by approximately $0.01. The Company is maintaining its full year EPS outlook as provided in its third quarter press release.
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