Edwards Completes Unit Sale to BD and Expands Stock Buyback Program

Wednesday, 4 September 2024, 16:31

Edwards (EW) has completed the sale of its critical care business to Becton Dickinson (BDX) for $4.2 billion in cash. In addition, Edwards (EW) has also expanded its stock buyback program, signaling confidence in future growth. This strategic move enhances their financial flexibility and shareholder value.
Seeking Alpha
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.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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