BD Reaches Agreement To Resolve Vast Majority Of Its Existing Hernia Litigation, Terms Confidential; Expects Settlement Not To Change Cash Flow Goals Or Capital Allocation Strategy
Portfolio Pulse from Benzinga Newsdesk
BD has reached a settlement agreement to resolve most of its hernia litigation cases, with terms kept confidential. The settlement will not affect BD's cash flow goals or capital allocation strategy, as the amount is within the company's current litigation reserve and will be paid over several years.
October 02, 2024 | 9:02 pm
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BD has settled the majority of its hernia litigation cases, with the settlement amount already accounted for in its reserves. This will not impact BD's cash flow or capital allocation strategy.
The settlement of the hernia litigation cases removes a significant uncertainty for BD, which is positive for the stock. The fact that the settlement is within existing reserves and will not impact cash flow or capital allocation strategy suggests financial stability, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100