Reuters: Mergers News: Pall to sell blood collection assets to Haemonetics

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Pall to sell blood collection assets to Haemonetics Apr 29th 2012, 18:35 April 29 | Sun Apr 29, 2012 2:35pm EDT April 29 (Reuters) - Pall Corp said on Sunday it agreed to sell some of its blood collection, filtration and processing product lines to Haemonetics Corp for about $550 million. Under terms of the agreement, about $535 million will be paid upon closing at the start of Pall's fiscal year 2013. Pall, based in Port Washington, New York, on Long Island, said it expects to record an after-tax gain of $230 million to $240 million, or $1.95 to $2.04 per share, as a result. The transaction will involve the transfer of manufacturing facilities in Covina, California; Tijuana, Mexico; Ascoli, Italy; and a portion of Pall's operations in Fajardo, Puerto Rico.

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