Waters Corporation
Waters Corporation Announces Reverse Morris Trust Transaction with Becton, Dickinson and Company
Summary
On July 13, 2025, Waters Corporation entered into a Reverse Morris Trust transaction with Becton, Dickinson and Company (BD), Augusta SpinCo Corporation, and Beta Merger Sub, Inc. The transaction involves BD transferring its Biosciences and Diagnostic Solutions business to SpinCo, a spin-off from BD. Following the spin-off, SpinCo will merge with Merger Sub, a Waters subsidiary, with SpinCo as the surviving entity. Upon completion of the Merger, SpinCo will become a wholly-owned subsidiary of Waters. The transaction is expected to result in Waters shareholders owning approximately 60.8% and former SpinCo shareholders owning approximately 39.2% of the outstanding shares of Waters Common Stock. The Boards of Directors of both Waters and BD have unanimously approved the transaction.
Profitelligence Alerts
Get alerts for WAT
Be first to know when Waters Corporation files with the SEC.
Filing Categories
Exhibits (2)
Advertisement
About Waters Corporation
Waters Corporation is a leading entity in the field of analytical instruments and software. It primarily focuses on providing laboratory solutions for a variety of sectors, including pharmaceuticals, healthcare, food and beverage, and chemical analysis. The company's offerings include high-performance liquid chromatography, mass spectrometry systems, and various supporting technologies used for advanced research in life sciences. Waters Corporation is pivotal in enhancing laboratory productivity, offering cutting-edge research tools that assist in drug development, quality control, and environmental testing. Operating globally, it serves a wide array of clients, including academic institutions, government agencies, and private industry players. With its commitment to innovation and precision, Waters Corporation plays a crucial role in advancing scientific and technological progress in multiple critical industries worldwide.
Official SEC Documents
Advertisement