Becton Dickinson Will Purchase CareFusion in $12.2 Billion Deal

Becton, Dickinson & Co. agreed to buy CareFusion Corp. for $12.2 billion in a cash-and-stock deal that will enhance the company’s role in providing drug management and patient safety services to hospitals.

CareFusion stockholders will get $49 in cash and 0.0777 of a Becton, Dickinson share for each share they own, Franklin Lakes, N.J.-based Becton Dickinson said in a statement. Based on Becton, Dickinson’s Oct. 3 price, the deal’s value of $58 a share is a 26 percent premium for investors in San Diego-based CareFusion. The transaction is expected to close in the first half of 2015.

The merged company ...