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ORANGE COUNTY BRIEFLY

Beckman Seeks to Raise $500 Million

May 06, 2000|(Bloomberg News)

Beckman Coulter Inc. said Friday it may raise as much as $500 million through a variety of securities. The Fullerton manufacturer of medical instruments and other products would use the proceeds to repay debt and make acquisitions, as well as to fund other corporate endeavors, according to a shelf-registration document filed with the Securities and Exchange Commission. A shelf filing lets the company register securities in advance and sell them from time to time as needed. The securities could include debt securities, preferred and common stock, and warrants to purchase debt securities, common and preferred stock or depository shares. The company's shares rose 38 cents Friday to $61 on the New York Stock Exchange.

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