ICU Medical Drops After Report Smiths May Walk From Deal Talks
Shares of ICU Medical Inc. dropped Tuesday after Sky News reported that health and technology company Smiths Group Plc may walk away from deal talks between the two companies. Sky didn’t give a reason for why the talks might end, and said it wasn’t clear if the two sides were still in active discussions. In May, Smiths said it was in early-stage discussions about a takeover of San Clemente, California-based ICU Medical.