Becton, Dickinson and Company
BD Completes Spin-Off of Biosciences and Diagnostic Solutions Business to Waters
Summary
Becton, Dickinson and Company (BD) has completed the spin-off of its Biosciences and Diagnostic Solutions business into a new entity which was subsequently merged with Waters Corporation. As a result, BD shareholders received shares in Waters and BD received a $4 billion cash distribution. The company intends to use the cash for share repurchases and debt repayments. Claire M. Fraser, Ph.D., has stepped down from the BD board and joined the Waters board in connection with the transaction.
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About Becton, Dickinson and Company
Becton, Dickinson and Company, commonly known as BD, is a prominent American multinational corporation engaged in the development and manufacture of a diverse range of medical devices, instrument systems, and reagents. A key player in the healthcare industry, BD focuses on improving medical discovery, diagnostics, and the delivery of care. BD's products are instrumental in supporting healthcare professionals worldwide in enhancing patient safety and reducing the risks associated with healthcare workers. The company operates across three main segments: BD Medical, BD Life Sciences, and BD Interventional, impacting various sectors such as pharmaceuticals, hospital healthcare systems, and clinical laboratories. With a strong commitment to innovation and quality, Becton, Dickinson and Company contributes significantly to advancements in patient care, operating efficiency in medical settings, and is noted for its commitment to addressing healthcare challenges on a global scale. Headquartered in Franklin Lakes, New Jersey, BD maintains a robust presence across numerous countries, underpinning its influential role in the evolution and improvement of global healthcare infrastructure.
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