11:40 AM EST - MDS Inc. : announced the completion of the divestiture of its MDS Analytical Technologies business to Danaher Corp. for $650 million in cash. Also, the company noted that this divesture enables a substantial return of proceeds from the sale to shareholders. The company plans to return about $400 million - $450 million of the sale proceeds to shareholders by way of a share buyback through a Substantial Issuer Bid and now expects to initiate a Substantial Issuer Bid within the next 30 days. MDS Inc.
shares T.MDS are trading up $0.35 at $8.26.
