With Waters stockholders voting to issue shares, the companies are targeting a Feb. 9 close date for the deal.
BD, Waters set completion date for $17.5B biosciences and diagnostics merger
BD and Waters announced a plan to spin off BD’s biosciences and diagnostics unit and merge it with a Waters subsidiary. Waters stockholders approved issuing stock, enabling a February 9 completion date. The deal would give BD a 39.2% stake in the combined company and is expected to double Waters’ addressable market. BD plans to…