Deals
Blackstone, Cinven Weigh Bids for Smiths Medical Unit
- Stock trading at its highest intraday level since July 2018
- Blackstone, Cinven are said to be eyeing bids for medical unit
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Smiths Group Plc shares rose to their highest in more than a year on Monday as analysts threw support behind a potential sale of its medical-equipment business.
Blackstone Group Inc. and Cinven are among buyout firms weighing bids for the U.K. industrial conglomerate’s unit, people familiar with the matter said last week. Smiths Group had said previously that it was planning to separate the medical business via a listing after talks with another suitor collapsed.