Embecta M&A Rumor Not Surprising

Embecta M&A Rumor Not Surprising

Source: 
Medical Devices and Diagnostics Industry
News Tags: 
snippet: 

Citing two unnamed sources, the Financial Times reported that the company has hired advisors from Centerview Partners to assess a potential sale. According to the article, Embecta's "lackluster" stock performance, low market value, and similarity to other companies that have recently attracted buyout interest could make it a good acquisition candidate. The media outlet said Embecta did not respond to a request for comment and Centerview Partners declined to comment.