Becton Dickinson Issues Preferred Stock to Trusts to Facilitate Spin-Off
BDX sits 26% above its 52-week low of $162.29.
Summary
Becton Dickinson & Co. issued Series D Preferred Stock to two trusts, a procedural step to manage the distribution of shares in its upcoming spin-off of Augusta SpinCo Corporation and its combination with Waters Corporation.
Key Events · Corporate Governance and Compliance · BDX
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Preferred Stock Issued to Trusts
Becton Dickinson issued 27.5159 shares of Series D Junior Participating Redeemable Preferred Stock to two internal trusts on February 2, 2026.
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Facilitates Spin-Off Transaction
This preferred stock issuance is a procedural step to prevent the trusts from receiving shares of Augusta SpinCo Corporation during the upcoming Reverse Morris Trust transaction with Waters Corporation.
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Significant Voting Rights
Each Series D Preferred Share carries 10,000 votes on matters submitted to shareholders and is redeemable for common stock upon the completion of the spin-off.
Analysis · BDX · Industrial Applications And Services
This 8-K details a significant corporate action by Becton Dickinson & Co. related to its previously announced Reverse Morris Trust (RMT) transaction involving the spin-off of its Biosciences and Diagnostic Solutions business (Augusta SpinCo Corporation) and its combination with Waters Corporation. The company issued Series D Junior Participating Redeemable Preferred Stock to two internal trusts. This issuance, which grants 10,000 votes per preferred share and is redeemable for common stock upon the spin-off's completion, is a technical mechanism to ensure these trusts do not receive shares of the spun-off entity. This filing provides crucial details on the execution of a major corporate restructuring, highlighting the company's progress towards completing the RMT transaction.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BDX was trading at $204.08 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $58.8B. The 52-week trading range was $162.29 to $245.23. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.