Deals
Becton Valued Like It’s 1993 Invites Medical Takeovers: Real M&A
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In the busiest year for medical products takeovers, potential acquirers can now scoop up Becton, Dickinson & Co. at the cheapest valuation since 1993.
The company, which sells more than 8,000 medical supplies from syringes to catheters and petri dishes, tumbled by the most in nine months after its profit forecast this week fell short of analysts’ estimates. Franklin Lakes, New Jersey-based Becton sells for 12.4 times projected earnings, 20 percent less than the industry’s average, according to data compiled by Bloomberg.