India, July 14 -- Waters Corp. (WAT) shares plunged 11.63 percent to $311.86 on Monday after the company announced a $17.5 billion Reverse Morris Trust transaction with Becton, Dickinson and Company, merging BD's Biosciences & Diagnostic Solutions business with Waters.
The stock opened at $317.52 and fell as low as $302.45 during the session, with a high of $326.57. Trading volume surged to nearly 2 million shares, well above the daily average of 491,436. Waters now trades near the lower end of its 52-week range of $297.14 to $423.56, as investors react to the scale and complexity of the integration.
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The strategic deal aims to form a life science and dia...