Analytics Equipment Maker Waters Buys Becton Dickinson Unit in a $17.5B Deal

  • Waters (WAT) shares tumbled over 12% Monday morning after the analytics instruments maker said it plans to buy Becton Dickinson's (BDX) Biosciences & Diagnostic Solutions business in a Reverse Morris Trust transaction valued at $17.5 billion. Becton Dickinson shares were about 2% lower.