Bristol-Myers Squibb (NYSE: BMY) has submitted an open shelf offering today for an undetermined amount. The offering includes a combination of debt securities, preferred stock, depositary shares, common stock, and warrants to be used for general corporate purposes in one or more offerings.
The company’s market cap is huge at almost $44 Billion. As of December 31, 2008 it also already has some $8.6 Billion in current liabilities, $4.38 Billion in long-term debt, and other items that give the company a total of $15.61 Billion in total liabilities.
Bristol is down $0.09 in mid-day trading to $22.06. The 52-week range for the pharmaceutical company is $20.05 to $32.35.
April 28, 2008