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FRANKLIN LAKES, N.J. (AP) — Medical device maker Becton Dickinson & Co. said Monday it acquired Sirigen Group Ltd. for access to its polymer technology, which could be used to develop dyes that are significantly brighter than conventional medical dyes.
The companies did not disclose terms of the deal.
Becton Dickinson said buying the British company will reduce its profit for the year by a penny per share, but it did not reduce its annual net income guidance, which excludes one-time items.
In early August Becton Dickinson cut its guidance for the year ending in September because of the stronger dollar. It still expects net income of $5.33 and $5.38 per share. On average analysts expect $5.38 per share, according to FactSet.
Shares of Becton Dickinson added 11 cents to $76.01 in afternoon trading.