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- Corporate Actions - Smiths Group
This means Smiths Interconnect is to be divested, targeting a transaction announcement by end of calendar year 2025, and Smiths Detection will be separated either by UK demerger or sale following the sale of Smiths Interconnect
- Smiths ditches two divisions amid investor pressure
The engineering firm said it hopes to sell Smiths Interconnect, which makes radio frequency components and semiconductor test applications, by the end of this year
- Smiths Group kicks off break-up with move to sell £1bn unit
Smiths has said that it plans to sell its Interconnect business this year, followed by a demerger or sale of Smiths Detection, which makes baggage-screening scanners used in airports
- Smiths Group to break up after activist pressure, shares hit record . . .
Britain's Smiths Group said on Friday it plans to spin off its Smiths Detection business, known for its baggage-screening kit in airports and explosive detectors, lifting the engineering
- FTSE 100 engineering giant Smiths Group to sell off two divisions in . . .
The company has confirmed its intention to sell Smiths Interconnect, a specialist in broadband components for military applications, by the end of 2025 Following this, Smiths Detection, which manufactures X-ray screening technology for airports, will also be offloaded, the group announced on Friday
- Smiths Group to be broken up as FTSE 100 giant ditches big chunk of . . .
Smiths Group has revealed its intention to offload a significant portion of its business, responding to investor demands for a substantial overhaul The FTSE 100 engineering conglomerate announced on Friday plans to divest Smiths Interconnect and separate Smiths Detection through a demerger or sale, as reported by City AM
- Smiths Group launches Interconnect carveout, IMs imminent
Smiths Group is kicking off the sale of its Interconnect business, distributing information memoranda (IMs) to prospective buyers this week, three sources familiar with the situation said The UK-listed engineering conglomerate is marketing electronic component manufacturer Interconnect off LTM EBITDA of GBP 90m, one source said
- Smiths Group: FTSE 100 giant to be broken up - City A. M.
Smiths Group has announced plans to ditch a big chunk of its business amid calls from investors for a major shake-up The FTSE 100 engineering group said on Friday it intended to sell off
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