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Smiths Group to Sell Divisions, Return £350 Million to Shareholders
Smiths Group, facing pressure from Engine Capital, plans to sell Smiths Interconnect and Smiths Detection by the end of 2024, returning a large portion of proceeds to investors via share buybacks totaling £350 million in 2025, causing a 13.6 percent surge in its share price.
Smiths Group to Sell Divisions, Return £350 Million to Shareholders
Smiths Group, facing pressure from Engine Capital, plans to sell Smiths Interconnect and Smiths Detection by the end of 2024, returning a large portion of proceeds to investors via share buybacks totaling £350 million in 2025, causing a 13.6 percent surge in its share price.
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