SAFEGUARD SCIENTIFICS PARTNER COMPANY ALVERIX ACQUIRED BY BD

Wayne, PA, January 7, 2014 — Safeguard Scientifics, Inc. (NYSE:SFE) today announced that its partner company, Alverix, Inc., was acquired by BD (Becton, Dickinson and Company) (NYSE: BDX) for $40 million. Safeguard expects to receive aggregate cash proceeds of $17.4 million, which represents an approximate 1.9x cash-on-cash return. As part of the acquisition, $1.7 million of such proceeds will be held in escrow for approximately 18 months.

Full press release can be found here:   Safeguard – Alverix-BD

 

Heather R. Hunter
Director, Marketing Communications
O 610-975-4923
C 215-531-2225
F
610-672-9848
435 Devon Park Drive, Building 800, Wayne, PA 19087
hhunter@safeguard.com | www.safeguard.com

 


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