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Becton Dickinson

This article was originally published in The Gray Sheet

Executive Summary

Board of directors authorizes the repurchase of up to 10 mil. shares of the company's common stock. "We view this new share repurchase authorization as a reflection of confidence in the long-term earnings and cash flow prospects for our business. This authorization is the largest in our history and underscores our commitment to increasing shareholder value," said company Chairman, President and CEO Clateo Castellini. Franklin Lakes, New Jersey-based Becton Dickinson repurchased about 5.2 mil. shares during its 1994 fiscal year (beginning Oct. 1, 1993)

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