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In Brief: Becton Dickinson

This article was originally published in The Gray Sheet

Executive Summary

Becton Dickinson: Firm signs letter-of-intent to acquire IntelliCode bar coding system from Cincinnati-based electronic medical records firm MedPlus for an upfront payment of $18 mil. and the concurrent purchase of $2 mil. worth of shares in MedPlus common stock. The deal also "provides MedPlus with a five-year royalty arrangement based on future defined net revenues," MedPlus says. Completion of the proposed deal and the purchase of MedPlus stock by BD, which is expected to occur "no later than Jan. 31, 1998," is subject to BD due diligence, approval by the both companies' boards of directors, and regulatory approval...
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