New York, October 06, 2014 -- Moody's Investors Service placed Becton, Dickinson and Company's ("Becton's") A3 senior unsecured and Prime-2 ratings under review for downgrade following the company's announcement that it plans to acquire CareFusion Corporation for $12.2 billion. Becton plans to finance the transaction with a combination of equity, cash and up to $9.1 billion of new debt (not including CareFusion's existing debt, which Moody's assumes will remain outstanding). Management expects the transaction to close in the first half of 2015, subject to regulatory review.
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