Becton Dickinson (BDX) Announces Offerings of $1.5B of Common Stock and $1.5B of Depositary Shares Representing Interests in Mandatory Convertible Preferred Stock

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Go back to Becton Dickinson (BDX) Announces Offerings of $1.5B of Common Stock and $1.5B of Depositary Shares Representing Interests in Mandatory Convertible Preferred Stock

BD Announces Offerings of $1.5 billion of Common Stock and $1.5 billion of Depositary Shares Representing Interests in Mandatory Convertible Preferred Stock

May 19, 2020 4:05 PM EDT

FRANKLIN LAKES, N.J., May 19, 2020 /PRNewswire/ -- BD (Becton, Dickinson and Company) (NYSE: BDX) announced today that it has commenced registered offerings of $1.5 billion of common stock, par value $1.00 per share, and $1.5 billion of depositary shares, each representing a 1/20th interest in its mandatory convertible preferred stock, par value $1.00 per share, Series B. Pursuant to the offerings, BD intends to grant the underwriters an option to purchase from BD up to an additional $225 million of common stock and up to an additional $225 million of depositary shares.

BD intends to use... More