SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 11, 2002
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BECTON, DICKINSON AND COMPANY
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(Exact name of registrant as specified in its charter)
New Jersey 001-4802 22-0760120
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(State or other juris- (Commission (IRS Employer Iden-
diction of incorporation) File Number) tification Number)
1 Becton Drive, Franklin Lakes, New Jersey 07417-1880
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (201) 847-6800
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N/A
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(Former name or former addresses if changed since last report.)
Item 9. REGULATION FD DISCLOSURE
The following statement is being furnished by the Company under the
provisions of Regulation FD:
On April 8, 2002, BD (Becton, Dickinson and Company) entered into a non-binding
letter of intent with AorTech International plc ("AorTech") to acquire BD's
Critical Care product line for approximately $52 million, subject to adjustments
based on future sales results. Approximately one-half of the purchase price is
expected to be paid over 30 months following the date of closing. For the fiscal
year ended September 30, 2001, the Critical Care product line generated sales of
approximately $47 million. Critical Care is one of the product lines with
combined revenues of less than $200 million that BD had previously announced it
was considering for divestiture.
The transaction is subject to the execution of a definitive purchase agreement
and the approval of AorTech's Board of Directors and shareholders, as well as of
BD's Board of Directors. These events are expected to occur in the second half
of BD's fiscal year, at which time BD will record a special charge,
substantially non-cash, that it presently estimates could be in the range of $25
to $30 million. BD also estimates that fiscal 2002 diluted earnings per share
would be impacted by less than one cent, excluding the special charge, assuming
this divestiture had been completed as of October 1, 2001.
BD presently expects the transaction to close prior to the end of BD's fiscal
year ending September 30, 2002.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BECTON, DICKINSON AND COMPANY
(Registrant)
By: /s/ Kathleen M. Gibson
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Kathleen M. Gibson
Assistant Secretary
Date: April 11, 2002
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