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Bed, Bath & Beyond prices $1.5 billion of senior notes
Union, N.J. - Bed Bath & Beyond Inc. has priced three series of senior unsecured notes for an aggregate principal amount of $1.5 billion. Of these notes, $300 million will mature in August 2024, $300 million will mature in August 2034, and $900 million will mature in August 2044.
The offering is expected to close, subject to normal closing conditions, on July 17, 2014. The company intends to use the proceeds from this offering for share repurchases of its common stock and for general corporate purposes.
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Mylan acquires Abbott’s developed markets specialty & branded generics biz
Mylan has entered into a definitive agreement with Abbott whereby Mylan will acquire Abbott's non-U.S. developed markets specialty and branded generics business in an all-stock transaction.
Upon closing, Abbott will receive 105 million shares of the combined company worth approximately $5.3 billion based on Mylan's closing price of $50.20 on Friday, July 11, 2014, representing an approximately 21% ownership stake.