Smiths Group (LON:SMIN) may walk away from talks of a $9 billion merger of its healthcare division with ICU Medical (NSDQ:ICUI), Sky News reported this week.
The two groups began talks more than two months ago, but Smiths is reportedly leaning towards a decision to abandon negotiations.
Talks of a potential merger have sparked interest by Baxter to pursue purchasing Smith’s medical unit, the news outlet added. But Sky News also reported that it was unclear whether there were still active discussions between Smiths and Baxter or any other buyers.
Shares in ICU Medical dropped -4% on Tuesday, opening today up 0.5% at $287.65 apiece.
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