BD Statement on Merit Medical Agreement to Purchase BD, Bard Product Lines
Nov 16, 2017
FRANKLIN LAKES, N.J., Nov. 16, 2017 – BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical technology company, issued the following statement regarding today’s announcement by Merit Medical Systems, Inc. that it has signed a definitive agreement to acquire BD’s soft tissue core needle biopsy product line and C. R. Bard’s (NYSE: BCR) Aspira® product line of tunneled home drainage catheters and accessories, contingent on the completion of the BD acquisition of Bard:
“Today’s announcement of our intent to divest two product lines is another step forward in the regulatory review process of BD’s planned acquisition of Bard,” said Vincent A. Forlenza, chairman and CEO of BD. “We continue to expect that the BD and Bard transaction will close in the fourth calendar quarter of 2017, subject to customary closing conditions and additional regulatory approvals, including the U.S. Federal Trade Commission and other regulatory bodies.”
About BD
BD is one of the largest global medical technology companies in the world and is advancing the world of health by improving medical discovery, diagnostics and the delivery of care. The company supports the heroes on the frontlines of health care by developing innovative technology, services and solutions that help advance both clinical therapy for patients and clinical process for health care providers. BD and its 65,000 employees have a passion and commitment to help enhance the safety and efficiency of clinicians' care delivery process, enable laboratory scientists to accurately detect disease and advance researchers' capabilities to develop the next generation of diagnostics and therapeutics. BD has a presence in virtually every country and partners with organizations around the world to address some of the most challenging global health issues. By working in close collaboration with customers, BD can help enhance outcomes, lower costs, increase efficiencies, improve safety and expand access to health care.
For more information on BD, please visit bd.com.
Monique N. Dolecki
201 847 5378
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Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on the current expectations of BD management and are not predictions of actual performance. These statements are subject to a number of risks and uncertainties regarding BD and Bard's respective businesses and the proposed acquisition, and actual results may differ materially. These risks and uncertainties include, but are not limited to, the risk that BD and Bard may not be able to obtain the required regulatory approvals within management’s expected timeframe or at all, as well as factors discussed in BD's filings with the Securities and Exchange Commission. The forward-looking statements in this document speak only as of the date of this document. BD undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date hereof, except as required by applicable laws or regulations.
