BD Statement On European Commission Conditional Clearance Of Bard Acquisition
FRANKLIN LAKES, N.J., Oct. 18, 2017 /PRNewswire/ -- Becton, Dickinson and Company, a leading global medical technology company, issued the following statement regarding today's clearance by the European Commission for BD to acquire C.R. Bard, contingent on BD divesting its soft tissue core needle biopsy product line:
"We continue to make good progress on the Bard acquisition and the conditional clearance from the European Commission is a positive step forward," said Vincent A. Forlenza, chairman and CEO of BD. "As expected, we have committed to divesting certain assets associated with our soft tissue core needle biopsy product line, which we acquired with CareFusion, to satisfy the conditions to closing requested by the European Commission. We continue to expect that the BD and Bard transaction will close in the fourth calendar quarter of 2017, subject to customary closing conditions and additional regulatory approvals, including the U.S. Federal Trade Commission and other regulatory bodies."
This press release contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on the current expectations of BD management and are not predictions of actual performance. These statements are subject to a number of risks and uncertainties regarding BD and Bard's respective businesses and the proposed acquisition, and actual results may differ materially. These risks and uncertainties include, but are not limited to, factors discussed in BD's filings with the Securities and Exchange Commission. The forward-looking statements in this document speak only as of date of this document. BD undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date hereof, except as required by applicable laws or regulations.
Troy Kirkpatrick Monique N. Dolecki BD Public Relations BD Investor Relations 858.617.2361 201.847.5378 email@example.com Monique_Dolecki@bd.com
SOURCE BD (Becton, Dickinson and Company)
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