BD Signs Agreement to Sell Majority of Discovery Labware Unit for $730M

BD (Becton, Dickinson and Company)

announced today that it has signed a definitive agreement to sell its BD Biosciences - Discovery Labware unit, excluding its Advanced Bioprocessing platform, to Corning Incorporated

. The transaction will be a cash sale for approximately $730 million, subject to post-closing adjustment for inventory balances.