IN BRIEF: Smiths Group banks USD152 million from ICU Medical shares

Smiths Group PLC - London-based engineering for energy, general industry, safety & security and ...

Alliance News 17 July, 2024 | 9:03AM
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Smiths Group PLC - London-based engineering for energy, general industry, safety & security and aerospace markets - Sells 1.2 million shares in ICU Medical Inc, receiving net proceeds of USD152 million, which will be used for "general corporate purposes". The shares sold represent a 4.9% stake in ICU Medical. Smiths continues to hold 470,000 shares, a 1.9% stake. Nasdaq-listed ICU Medical has a market capitalisation of USD3.24 billion. It is a San Clemente, California-based provider of intravenous therapy.

Current stock price: 1,737.00 pence

12-month change: up 7.3%

By Tom Waite, Alliance News editor

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Smiths Group PLC 1,737.00 GBX -0.80 -

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