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BMS sells 15% of Mead through IPO that nets $684mm
18 Mar 2009
Executive Summary
Keeping up with plans to limit resources on its non-pharmaceutical assets, Bristol-Myers Squibb has sold about 15% of Mead Johnson Nutrition in an IPO. BMS netted $684mm from 30mm Mead shares at $24 each, the high end of the $21-24 anticipated range. In early February it had planned to offer 25mm shares.
Deal Industry
- Pharmaceuticals
-
Pharmaceuticals
- Nutraceuticals
- OTC, Consumer
Deal Status
- Final
Deal Type
-
Financing
- IPO
- Spin-Off
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BMS sells 15% of Mead through IPO that nets $684mm
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