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DewDiligence

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Re: chmcnfunds post# 445

Wednesday, 02/22/2017 6:20:34 PM

Wednesday, February 22, 2017 6:20:34 PM

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$1.5B bond issue to fund stock buyback (in part):

http://finance.yahoo.com/news/bristol-myers-squibb-prices-1-230000339.html

The two tranches in the offering are:

• $750M of 2-year notes paying 1.60%
• $750M of 10-year notes paying 3.25%

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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