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Starboard pushes an open door at Becton Dickinson as company seeks to separate its biosciences unit

Summary by CNBC
Activist Starboard took a position in Becton Dickinson, calling for the company to sell its life sciences business. The company aims to do just that.

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Starboard pushes an open door at Becton Dickinson as company seeks to separate its biosciences unit

Activist Starboard took a position in Becton Dickinson, calling for the company to sell its life sciences business. The company aims to do just that.

·United States
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ROI-NJROI-NJ

BD to separate biosciences and diagnostic solutions business to enhance focus, drive growth

Becton Dickinson on Wednesday announced plans to split from its bioscience and diagnostic solutions arms to become more focused company. The news was announced alongside The Franklin Lakes-based firm’s Q1 FY25 earnings released after the markets closed. The new BD will comprise four distinct segments namely, Medical Essentials, Connected Care, BioPharma Systems and Interventional. Following the separation, the New BD is expected to have revenue …

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CDR – Chain Drug ReviewCDR – Chain Drug Review

BD to separate Biosciences and Diagnostic solutions business to enhance focus, drive growth

FRANKLIN LAKES, N.J. – BD (Becton, Dickinson and Co.) announced its board of directors has unanimously authorized BD management to pursue a plan to separate BD's Biosciences and Diagnostic Solutions business from the rest of BD to enhance strategic focus and growth-oriented investments and capital allocation for both BD and the separated business and enhance value creation for shareholders.BD announced its board of directors has unanimously auth…

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CDR – Chain Drug Review broke the news in on Thursday, February 6, 2025.
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