Pall Reaffirms Fiscal 2014 EPS View - Quick Facts

(RTTNews) - Pall Corp. (PLL), a global leader in filtration, separation and purification, Monday reaffirmed its total overall fiscal 2014 guidance for pro forma earnings per share to be $3.30 - $3.50.

On average, 14 analysts polled by Thomson Reuters expect earnings of $3.42 per share for the year. Analysts' estimates typically exclude special items.

The firm also said it has entered into a definitive agreement with ATMI, Inc. (ATMI) to acquire the ATMI LifeSciences business for $185 million.

For the balance of fiscal 2014, Pall expects the acquisition to add $20 - $30 million in revenue, be $0.05 - $0.08 dilutive to earnings per share on a GAAP basis and almost breakeven on a cash earnings per share basis.

ATMI LifeSciences is a technology leader in the field of single-use bioprocess systems and consumables for the pharmaceutical and biopharmaceutical industries.

The transaction is expected to close in Pall's fiscal third quarter. It is subject to certain closing conditions, regulatory approvals and labor-related notifications.

Larry Kingsley, Pall Chairman and CEO, said, ''This acquisition immediately strengthens our offering and broadens our already extensive portfolio of advanced solutions for biopharmaceutical customers."