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NEW YORK – Becton Dickinson said on Wednesday that it began offering $1.5 billion of common stock and $1.5 billion of depositary shares. The firm plans to use the proceeds for general corporate purposes.

Joint book-running managers for the offerings are J.P. Morgan, Barclays, and Goldman Sachs.

In a statement, BD said that the common stock has a par value of $1 per share, and the depository shares represent 1/20th interest in its mandatory convertible preferred stock, par value $1 per share, Series B.

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