Shares of ICU Medical (NASDAQ:ICUI), a medical device company specializing in intravenous treatment solutions, were on the move today following the announcement of a cash and stock deal for Smiths Medical. The market signaled its approval of the pending acquisition by pushing the stock 26.2% higher on Wednesday.
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Smiths Medical is a U.S.-based component of Smiths Group (OTC:SMGZY), a British conglomerate that manufactures airport baggage scanners and industrial equipment. Smiths Group’s medical division never quite fit in with the rest of....More>>>