Becton Dickinson ($BDX) filed a Certificate of Designation for Series D Preferred on 1/30/2026.
Filed with the SEC on · Summarized by InvestorsBot
Becton Dickinson ($BDX) filed a Certificate of Designation for Series D Preferred on 1/30/2026. On 2/2/2026 it issued 27.5159 Series D shares to two plan trusts (Directors' Deferral Trust & Salary/Bonus Deferral Trust) — 1 Pref per 10,000 common. 🎯 #BDX #RMT
The Series D Preferred are redeemable at BD's option for Company common at a set redemption rate and will auto‑redeem into $BDX common if the SpinCo distribution in the Reverse Morris Trust with Waters closes. Purpose: prevent trusts from receiving SpinCo stock. 🔁 #SpinCo #M&A