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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Becton Dickinson (BDX) Prices $1.5B Common Share Offering at $240/Sh; Announces Pricing of $1.5B Mandatory Convertible Preferred Shares

May 21, 2020 5:49 AM EDT

BD (NYSE: BDX) announced today that it has priced its previously announced registered offerings of $1.5 billion of common stock, par value $1.00 per share, at a public offering price of $240.00 per share, and $1.5 billion of depositary shares, each representing a 1/20th interest in a share of 6.00% Mandatory Convertible Preferred Stock, Series B, par value $1.00 per share, at a public offering price of $50.00 per share. Pursuant to the offerings, BD has granted the underwriters an option to purchase from BD up to an additional $225 million of common stock and up to an additional $225 million... More