Deals
Smiths, Fresenius Said to Bid for Pfizer's $2 Billion Pumps
- Buyout firm Pamplona also said to have made an offer
- Final bids for business said to be due at end of May
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Smiths Group Plc and Fresenius SE are among bidders for Pfizer Inc.’s pumps and devices business, which it acquired in last year’s purchase of Hospira Inc., according to people familiar with the matter.
Private equity firm Pamplona Capital Management also made a second-round bid for the unit, according to the people, who asked not to be identified as the matter is private. Final bids are due around the end of May and the U.S. drugmaker could fetch about $2 billion from a sale, the people said. No final decision has been made, and any deal could still fall apart, the people said.