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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 6.630-5.8%Jan 16 9:30 AM EST

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To: richardred who wrote (961)12/16/2005 11:49:08 AM
From: richardred  Read Replies (1) of 7259
 
Cardinal plans debt sale
Wednesday December 14, 2:37 pm ET

Cardinal Health Inc. plans to sell $500 million in notes on Thursday.

The notes come due in 2017, according to documents filed Tuesday with the Securities and Exchange Commission.

Cardinal may use the money to finance its operations, pay down debt, acquire other companies or buy back its own shares, according to SEC documents. It announced plans in June to buy as much as $1 billion of its own stock.

Cardinal (NYSE:CAH - News), a Dublin-based provider of goods and services to the health care industry, reports $74.9 billion in annual revenue.

Published December 14, 2005 by Business First
biz.yahoo.com
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