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Owens & Minor to buy Halyard Health's surgical & infection prevention business for $710 mln


Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Owens & Minor Inc :Owens & Minor to acquire Halyard Health Inc's surgical & infection prevention (S&IP) business for $710 million in cash.Owens & Minor Inc - ‍expects annual pre-tax synergies to reach approximately $40 million by year three post closing​ of deal.Owens & Minor Inc - co expects transaction to be accretive to non-GAAP diluted earnings per share in 2018, with increasing accretion thereafter​.Owens & Minor Inc - ‍intends to finance transaction with a combination of cash and debt​.Owens & Minor Inc- ‍transaction has been approved by boards of directors of both companies​. 

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8.77
0.18 +2.10%
19 Nov 2018