LONDON (Nov. 17)—Shareholders of Smiths Industries P.L.C. and TI Group P.L.C. have approved the merger of their respective companies. The new entity, Smiths Group, will start trading Dec. 4, the two companies announced. Under the merger proposal, the businesses will create a Sealing Solutions Division, comprising the specialty polymer products businessÃincluding the former Forsheda and Busak+Shamban polymer activitiesÃand the John Crane mechanical sealing business. No financial details were provided.
TI Group merging with Smiths Industries
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