One of Britain s biggest engineering firms is on the cusp of a major break-up after receiving a £2billion takeover approach for its medical division from a US private equity predator.
City sources said FTSE 100-listed engineering giant Smiths Group has been holding talks with Boston-based TA Associates. Bankers from Goldman Sachs are said to be working on the deal.
The Americans have made an approach for Smiths Medical, which makes ventilators, syringe pumps and tracheostomy tubes for hospitals around the world.
In focus: City sources said FTSE 100-listed engineering giant Smiths Group has been holding talks with Boston-based TA Associates
Smiths Group faces break-up as private equity buyer swoops
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