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Stock impact report

BD to acquire Edwards Lifesciences' Critical Care unit for $4.2bn [Yahoo! Finance]

Edwards Lifesciences Corporation (EW) 
Last edwards lifesciences corporation earnings: 4/23 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.edwards.com
Company Research Source: Yahoo! Finance
The Critical Care product group will continue to operate out of Irvine, California, US. It will operate under the leadership of Katie Szyman, the current corporate vice president of Critical Care for Edwards. Subject to customary closing conditions, including antitrust and foreign investment approvals, the transaction is expected to close by the end of this year. After-tax cash proceeds from the sale will be used by Edwards on strategic growth investments. Edwards also plans to utilise the after-tax proceeds to fund strategic investments in technologies for patients with aortic, mitral, tricuspid, and pulmonic conditions, as well as to explore new therapeutic areas for interventional heart failure. The company is committed to building a comprehensive portfolio for structural heart disease through innovation, indication expansions, and generating robust clinical evidence. The decision to sell the Critical Care unit to BD marks a shift from Edwards' previously announced int Show less Read more
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