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<item><link>http://www.alacrastore.com/research/moodys-global-credit-research-Bristol_Myers_s_Plan_to_Shed_Mead_Johnson_Is_a_Credit_Positive_in_the_Short_Term_But_Strategy_Contrasts_With_Peers-PBC_121339</link><moodys:docid xmlns:moodys="http://www.alacra.com/moodys">PBC_121339</moodys:docid><guid isPermaLink="false">moodys/PBC_121339</guid><moodys:index_mode xmlns:moodys="http://www.alacra.com/moodys">pdf</moodys:index_mode><pubDate>23 Nov 2009 08:23:26 EST</pubDate><moodys:format xmlns:moodys="http://www.alacra.com/moodys">pdf</moodys:format><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Bristol-Myers Squibb Company</moodys:issuer><moodys:issuer_list xmlns:moodys="http://www.alacra.com/moodys">Bristol-Myers Squibb Company</moodys:issuer_list><moodys:moodys_org_id xmlns:moodys="http://www.alacra.com/moodys">115000</moodys:moodys_org_id><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">115000</moodys:org_id><moodys:price xmlns:moodys="http://www.alacra.com/moodys">150.0000</moodys:price><moodys:printdate xmlns:moodys="http://www.alacra.com/moodys">23 Nov 2009</moodys:printdate><moodys:report_class xmlns:moodys="http://www.alacra.com/moodys">News</moodys:report_class><moodys:report_type xmlns:moodys="http://www.alacra.com/moodys">Issuer Comment</moodys:report_type><moodys:sector xmlns:moodys="http://www.alacra.com/moodys">C</moodys:sector><title>Bristol-Myers's Plan to Shed Mead Johnson Is a Credit-Positive in the Short Term, But Strategy Contrasts With Peers</title><description>...November ####  Issuer Comment  Moody's Corporate Finance Â­ Bristol-Myers's Plan to Shed Mead Johnson Is a Credit-Positive in the Short Term, But Strategy Contrasts With Peers...

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(NASDAQ: APOL) today announced the following executive appointments effective immediately: John Baule has joined Apollo Global as Chief...</description><newstex:index_entry_company xmlns:newstex="http://www.alacra.com/newstex">APOLLO GROUP INC</newstex:index_entry_company><newstex:index_entry_company xmlns:newstex="http://www.alacra.com/newstex">BRISTOL MYERS SQUIBB CO</newstex:index_entry_company><newstex:index_entry_company xmlns:newstex="http://www.alacra.com/newstex">BRISTOL-MYERS SQUIBB COMPANY $2 CONVERTIBLE</newstex:index_entry_company><newstex:index_entry_company xmlns:newstex="http://www.alacra.com/newstex">K12 INC</newstex:index_entry_company><newstex:index_entry_person xmlns:newstex="http://www.alacra.com/newstex">John F Baule</newstex:index_entry_person><newstex:index_entry_ticker xmlns:newstex="http://www.alacra.com/newstex">APOL</newstex:index_entry_ticker><newstex:index_entry_ticker xmlns:newstex="http://www.alacra.com/newstex">BMY</newstex:index_entry_ticker><newstex:index_entry_ticker xmlns:newstex="http://www.alacra.com/newstex">BMY PR</newstex:index_entry_ticker><newstex:index_entry_ticker xmlns:newstex="http://www.alacra.com/newstex">LRN</newstex:index_entry_ticker><category>News</category><alacra:ip>Newstex</alacra:ip></item><item><title>Bristol-Myers Squibb Co exchanges equity for debt (pending)</title><description>US - Bristol-Myers Squibb Co (Bristol-Myers) planned an exchange offer for which it was to split off its ##.##% interest, or ### mil common shares of Mead Johnson Nutrition Co (Mead Johnson), an Evansville-based producer and wholesaler of infant and child nutrition products, in a transaction valued at USD #. ### bil. Bristol offered to exchange # common share per #. #### Mead Johnson common shares. 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The company's</sdc:value><sdc:value sdc:p="11">blockbuster cardiovascular</sdc:value><sdc:value sdc:p="12">line-up includes heart disease</sdc:value><sdc:value sdc:p="13">drug Plavix, as well as</sdc:value><sdc:value sdc:p="14">Pravachol (which lowers</sdc:value><sdc:value sdc:p="15">cholesterol) and Avapro (for</sdc:value><sdc:value sdc:p="16">hypertension). BMS also makes</sdc:value><sdc:value sdc:p="17">antipsychotic medication</sdc:value><sdc:value sdc:p="18">Abilify and drugs in a number</sdc:value><sdc:value sdc:p="19">of other therapeutic</sdc:value><sdc:value sdc:p="20">categories, particularly</sdc:value><sdc:value sdc:p="21">oncology, virology (including</sdc:value><sdc:value sdc:p="22">HIV), and autoimmune disease.</sdc:value><sdc:value sdc:p="23">The company was founded in</sdc:value><sdc:value sdc:p="24">1877.</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value sdc:p="0">Bristol-Myers Squibb Co, located in New York, New York,</sdc:value><sdc:value sdc:p="1">manufactures pharmaceuticals, medical devices, health</sdc:value><sdc:value sdc:p="2">products, surgical supplies and equipment, in vitro and in</sdc:value><sdc:value sdc:p="3">vitro diagnostic substances, toiletries, beauty aids,</sdc:value><sdc:value sdc:p="4">household products, and dry, condensed and evaporated dairy</sdc:value><sdc:value sdc:p="5">products. The company's blockbuster cardiovascular line-up</sdc:value><sdc:value sdc:p="6">includes heart disease drug Plavix, as well as Pravachol</sdc:value><sdc:value sdc:p="7">(which lowers cholesterol) and Avapro (for hypertension).</sdc:value><sdc:value sdc:p="8">BMS also makes antipsychotic medication Abilify and drugs in</sdc:value><sdc:value sdc:p="9">a number of other therapeutic categories, particularly</sdc:value><sdc:value sdc:p="10">oncology, virology (including HIV), and autoimmune disease.</sdc:value><sdc:value sdc:p="11">The company was founded in 1877.</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>Bristol-Myers Squibb Co, located in New York, New York, manufactures pharmaceuticals, medical devices, health products, surgical supplies and equipment, in vitro and in vitro diagnostic substances, toiletries, beauty aids, household products, and dry, condensed and evaporated dairy products. The company's blockbuster cardiovascular line-up includes heart disease drug Plavix, as well as Pravachol (which lowers cholesterol) and Avapro (for hypertension). BMS also makes antipsychotic medication Abilify and drugs in a number of other therapeutic categories, particularly oncology, virology (including HIV), and autoimmune disease. The company was founded in 1877.</sdc:value></sdc:g_business1><sdc:h_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value><sdc:value sdc:p="9">10.00000</sdc:value><sdc:value sdc:p="10">11.00000</sdc:value><sdc:value sdc:p="11">12.00000</sdc:value><sdc:value sdc:p="12">13.00000</sdc:value><sdc:value sdc:p="13">14.00000</sdc:value><sdc:value sdc:p="14">15.00000</sdc:value><sdc:value sdc:p="15">16.00000</sdc:value><sdc:value sdc:p="16">17.00000</sdc:value><sdc:value sdc:p="17">18.00000</sdc:value><sdc:value sdc:p="18">19.00000</sdc:value><sdc:value sdc:p="19">20.00000</sdc:value><sdc:value sdc:p="20">21.00000</sdc:value><sdc:value sdc:p="21">22.00000</sdc:value><sdc:value sdc:p="22">23.00000</sdc:value><sdc:value sdc:p="23">24.00000</sdc:value><sdc:value sdc:p="24">25.00000</sdc:value></sdc:h_SEQ><sdc:h_TEST><sdc:value sdc:p="0">Bristol-Myers Squibb Co,</sdc:value><sdc:value sdc:p="1">located in New York, New York,</sdc:value><sdc:value sdc:p="2">manufactures pharmaceuticals,</sdc:value><sdc:value sdc:p="3">medical devices, health</sdc:value><sdc:value sdc:p="4">products, surgical supplies</sdc:value><sdc:value sdc:p="5">and equipment, in vitro and in</sdc:value><sdc:value sdc:p="6">vitro diagnostic substances,</sdc:value><sdc:value sdc:p="7">toiletries, beauty aids,</sdc:value><sdc:value sdc:p="8">household products, and dry,</sdc:value><sdc:value sdc:p="9">condensed and evaporated dairy</sdc:value><sdc:value sdc:p="10">products. The company's</sdc:value><sdc:value sdc:p="11">blockbuster cardiovascular</sdc:value><sdc:value sdc:p="12">line-up includes heart disease</sdc:value><sdc:value sdc:p="13">drug Plavix, as well as</sdc:value><sdc:value sdc:p="14">Pravachol (which lowers</sdc:value><sdc:value sdc:p="15">cholesterol) and Avapro (for</sdc:value><sdc:value sdc:p="16">hypertension). BMS also makes</sdc:value><sdc:value sdc:p="17">antipsychotic medication</sdc:value><sdc:value sdc:p="18">Abilify and drugs in a number</sdc:value><sdc:value sdc:p="19">of other therapeutic</sdc:value><sdc:value sdc:p="20">categories, particularly</sdc:value><sdc:value sdc:p="21">oncology, virology (including</sdc:value><sdc:value sdc:p="22">HIV), and autoimmune disease.</sdc:value><sdc:value sdc:p="23">The company was founded in</sdc:value><sdc:value sdc:p="24">1877.</sdc:value></sdc:h_TEST><sdc:h_business><sdc:value sdc:p="0">Bristol-Myers Squibb Co, located in New York, New York,</sdc:value><sdc:value sdc:p="1">manufactures pharmaceuticals, medical devices, health</sdc:value><sdc:value sdc:p="2">products, surgical supplies and equipment, in vitro and in</sdc:value><sdc:value sdc:p="3">vitro diagnostic substances, toiletries, beauty aids,</sdc:value><sdc:value sdc:p="4">household products, and dry, condensed and evaporated dairy</sdc:value><sdc:value sdc:p="5">products. The company's blockbuster cardiovascular line-up</sdc:value><sdc:value sdc:p="6">includes heart disease drug Plavix, as well as Pravachol</sdc:value><sdc:value sdc:p="7">(which lowers cholesterol) and Avapro (for hypertension).</sdc:value><sdc:value sdc:p="8">BMS also makes antipsychotic medication Abilify and drugs in</sdc:value><sdc:value sdc:p="9">a number of other therapeutic categories, particularly</sdc:value><sdc:value sdc:p="10">oncology, virology (including HIV), and autoimmune disease.</sdc:value><sdc:value sdc:p="11">The company was founded in 1877.</sdc:value></sdc:h_business><sdc:h_business1><sdc:value>Bristol-Myers Squibb Co, located in New York, New York, manufactures pharmaceuticals, medical devices, health products, surgical supplies and equipment, in vitro and in vitro diagnostic substances, toiletries, beauty aids, household products, and dry, condensed and evaporated dairy products. The company's blockbuster cardiovascular line-up includes heart disease drug Plavix, as well as Pravachol (which lowers cholesterol) and Avapro (for hypertension). BMS also makes antipsychotic medication Abilify and drugs in a number of other therapeutic categories, particularly oncology, virology (including HIV), and autoimmune disease. 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sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value><sdc:value sdc:p="9">10.00000</sdc:value><sdc:value sdc:p="10">11.00000</sdc:value><sdc:value sdc:p="11">12.00000</sdc:value><sdc:value sdc:p="12">13.00000</sdc:value><sdc:value sdc:p="13">14.00000</sdc:value><sdc:value sdc:p="14">15.00000</sdc:value><sdc:value sdc:p="15">16.00000</sdc:value><sdc:value sdc:p="16">17.00000</sdc:value><sdc:value sdc:p="17">18.00000</sdc:value><sdc:value sdc:p="18">19.00000</sdc:value><sdc:value sdc:p="19">20.00000</sdc:value></sdc:n_SEQ><sdc:n_SYNOPSIS><sdc:value sdc:p="0">US - Bristol-Myers Squibb Co</sdc:value><sdc:value sdc:p="1">(Bristol-Myers) planned an</sdc:value><sdc:value sdc:p="2">exchange offer for which it</sdc:value><sdc:value sdc:p="3">was to split off its 83.13%</sdc:value><sdc:value sdc:p="4">interest, or 170 mil common</sdc:value><sdc:value sdc:p="5">shares of Mead Johnson</sdc:value><sdc:value sdc:p="6">Nutrition Co (Mead Johnson),</sdc:value><sdc:value sdc:p="7">an Evansville-based producer</sdc:value><sdc:value sdc:p="8">and wholesaler of infant and</sdc:value><sdc:value sdc:p="9">child nutrition products, in</sdc:value><sdc:value sdc:p="10">a transaction valued at USD 6.</sdc:value><sdc:value sdc:p="11">538 bil. Bristol offered to</sdc:value><sdc:value sdc:p="12">exchange 1 common share per 0.</sdc:value><sdc:value sdc:p="13">6027 Mead Johnson common</sdc:value><sdc:value sdc:p="14">shares. The shares were</sdc:value><sdc:value sdc:p="15">valued based on Bristol-</sdc:value><sdc:value sdc:p="16">Myers's closing stock price</sdc:value><sdc:value sdc:p="17">of USD 23.18 on 13 November</sdc:value><sdc:value sdc:p="18">2009, the last full trading</sdc:value><sdc:value sdc:p="19">day prior to announcement.</sdc:value></sdc:n_SYNOPSIS><sdc:n_synopsis2><sdc:value>US - Bristol-Myers Squibb Co (Bristol-Myers) planned an exchange offer for which it was to split off its 83.13% interest, or 170 mil common shares of Mead Johnson Nutrition Co (Mead Johnson), an Evansville-based producer and wholesaler of infant and child nutrition products, in a transaction valued at USD 6. 538 bil. Bristol offered to exchange 1 common share per 0. 6027 Mead Johnson common shares. The shares were valued based on Bristol- Myers's closing stock price of USD 23.18 on 13 November 2009, the last full trading day prior to announcement.</sdc:value></sdc:n_synopsis2><sdc:n_synopsis3><sdc:value sdc:p="0">US - Bristol-Myers Squibb Co (Bristol-Myers) planned an exchange offer for which it was to</sdc:value><sdc:value sdc:p="1">split off its 83.13% interest, or 170 mil common shares of Mead Johnson Nutrition Co (Mead</sdc:value><sdc:value sdc:p="2">Johnson), an Evansville-based producer and wholesaler of infant and child nutrition</sdc:value><sdc:value sdc:p="3">products, in a transaction valued at USD 6. 538 bil. Bristol offered to exchange 1 common</sdc:value><sdc:value sdc:p="4">share per 0. 6027 Mead Johnson common shares. The shares were valued based on Bristol-</sdc:value><sdc:value sdc:p="5">Myers's closing stock price of USD 23.18 on 13 November 2009, the last full trading day</sdc:value><sdc:value sdc:p="6">prior to announcement.</sdc:value></sdc:n_synopsis3><sdc:n_synopsis4><sdc:value sdc:p="0">US - Bristol-Myers Squibb Co (Bristol-Myers) planned an exchange offer for which it was to split off its 83.13% interest, or 170 mil common shares of Mead Johnson Nutrition Co (Mead Johnson), an</sdc:value><sdc:value sdc:p="1">Evansville-based producer and wholesaler of infant and child nutrition products, in a transaction valued at USD 6. 538 bil. Bristol offered to exchange 1 common share per 0. 6027 Mead Johnson common</sdc:value><sdc:value sdc:p="2">shares. The shares were valued based on Bristol- Myers's closing stock price of USD 23.18 on 13 November 2009, the last full trading day prior to announcement.</sdc:value></sdc:n_synopsis4><sdc:n_synopsis5><sdc:value sdc:p="0">US - Bristol-Myers Squibb Co (Bristol-Myers) planned an exchange offer for which it was to split off its 83.13% interest, or 170 mil</sdc:value><sdc:value sdc:p="1">common shares of Mead Johnson Nutrition Co (Mead Johnson), an Evansville-based producer and wholesaler of infant and child nutrition</sdc:value><sdc:value sdc:p="2">products, in a transaction valued at USD 6. 538 bil. Bristol offered to exchange 1 common share per 0. 6027 Mead Johnson common shares.</sdc:value><sdc:value sdc:p="3">The shares were valued based on Bristol- Myers's closing stock price of USD 23.18 on 13 November 2009, the last full trading day prior to</sdc:value><sdc:value sdc:p="4">announcement.</sdc:value></sdc:n_synopsis5><sdc:o_ATOTFEENEG><sdc:value sdc:p="0">0.00000</sdc:value><sdc:value sdc:p="1">0.00000</sdc:value><sdc:value sdc:p="2">0.00000</sdc:value></sdc:o_ATOTFEENEG><sdc:o_MANAGER_LONG2><sdc:value sdc:p="0">Citi</sdc:value><sdc:value sdc:p="1">Goldman Sachs &amp; Co</sdc:value><sdc:value sdc:p="2">Morgan Stanley</sdc:value></sdc:o_MANAGER_LONG2><sdc:o_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value 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EST</pubDate><moodys:format xmlns:moodys="http://www.alacra.com/moodys">html</moodys:format><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Bristol-Myers Squibb Company</moodys:issuer><moodys:issuer_list xmlns:moodys="http://www.alacra.com/moodys">Bristol-Myers Squibb Company</moodys:issuer_list><moodys:moodys_org_id xmlns:moodys="http://www.alacra.com/moodys">115000</moodys:moodys_org_id><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">115000</moodys:org_id><moodys:price xmlns:moodys="http://www.alacra.com/moodys">150.0000</moodys:price><moodys:printdate xmlns:moodys="http://www.alacra.com/moodys">16 Nov 2009</moodys:printdate><moodys:report_class xmlns:moodys="http://www.alacra.com/moodys">News</moodys:report_class><moodys:report_type xmlns:moodys="http://www.alacra.com/moodys">Announcement</moodys:report_type><moodys:sector xmlns:moodys="http://www.alacra.com/moodys">C</moodys:sector><title>Moody's says Bristol's split-off of MJ does not impact A2 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</description><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T2552935</link><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T2552935</ccbn:docid><guid isPermaLink="false">ccbn/T2552935</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><pubDate>16 Nov 2009 10:06:13 EST</pubDate><ccbn:eventid xmlns:ccbn="http://www.alacra.com/ccbn">2552935</ccbn:eventid><ccbn:headline xmlns:ccbn="http://www.alacra.com/ccbn">Final Transcript of BMY conference call or presentation, 16-Nov-09 8:30am ET</ccbn:headline><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">Bristol-Myers Squibb</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">106.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Bristol-Myers Squibb Conference Call on the Mead Johnson Split-Off Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">BMY</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">8:30am ET</ccbn:time><title>Bristol-Myers Squibb Conference Call on the Mead Johnson Split-Off Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><description>...David Risinger Morgan Stanley - Analyst Jami Rubin Goldman Sachs - Analyst Catherine Arnold Credit Suisse - Analyst John Boris Citi - Analyst...

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xmlns:newstex="http://www.alacra.com/newstex">BMY</newstex:index_entry_ticker><newstex:index_entry_ticker xmlns:newstex="http://www.alacra.com/newstex">BMY PR</newstex:index_entry_ticker><category>News</category><alacra:ip>Newstex</alacra:ip></item></channel></rss>