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UK's Smiths Group profit beats forecasts, moves to offload US asbestos liability
Source: reuters.com
Corporate EarningsM&A & RestructuringLegal & LitigationCompany Fundamentals
Smiths Group reported better-than-expected full-year operating profit and began a process to sell its U.S. asbestos liability. The 175-year-old engineering company has completed a broad portfolio overhaul that generated more than £3 billion ($4.01 billion), potentially reducing legacy-liability exposure and sharpening its business focus.
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