Smiths Group aims to revive medical unit’s health with demerger

22 March 2019 – Telegraph

Smiths Group is to demerge its under-performing medical unit in an attempt to rejuvenate the business.

Alongside its interim results, the FTSE 100 company sketched out plans for the split first revealed in November, after it failed to agree a tie-up of the medical business with a US rival because of disagreements about valuation.

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