Edwards Completes Unit Sale to BD and Expands Stock Buyback Program
Edwards Finalizes $4.2 Billion Business Sale
Edwards Lifesciences (EW) has officially concluded the sale of its critical care division to Becton Dickinson (BDX) for a substantial $4.2 billion in cash. This landmark transaction is designed to streamline operations and focus on core business strategies. The move comes amid shifting market dynamics as companies reassess their strategies.
Stock Buyback Program Extended
Alongside the sale, Edwards (EW) announced an expansion of its stock buyback program. By increasing this initiative, the company is signaling confidence in its operational performance and future prospects. The commitment to boosting shareholder returns showcases an understanding of market expectations.
- Key Details of the Sale:
- The sale will allow Edwards (EW) to concentrate on innovative therapies.
- This partnership with Becton Dickinson is expected to open new opportunities in critical care markets.
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