Robert Olstein Comments on CareFusion Corp

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Mar 27, 2015

Similarly, on October 5, 2014, Becton Dickinson (BDX) announced that it had entered into a definitive agreement to acquire CareFusion (CFN) for $58 per share. The Fund sold its holdings in CareFusion as the price of the company’s stock approached the announced acquisition price representing a substantial premium to the Fund’s average cost for the company’s stock.

From Robert Olstein (Trades, Portfolio)’s The Olstein Strategic Opportunities Fund’s Q4 2014 Letter to Shareholders.