Cardinal Health Reports Fiscal 2009 Results, Provides Fiscal 20... (er the ticker symbol CFN. More inform...)

Cardinal Health Reports Fiscal 2009 Results, Provides Fiscal 2010 Outlook

Date:8/18/2009

er the ticker symbol "CFN." More information may be found at carefusion.com.

About the planned CareFusion spinoff

Cardinal Health's board has approved the spinoff of CareFusion Corp. through a pro rata distribution of at least 80.1 percent of the shares of CareFusion common stock to Cardinal Health shareholders, with Cardinal Health retaining the remaining shares. The distribution of shares of CareFusion common stock will be made after the close of trading on Aug. 31 to Cardinal Health's shareholders of record as of 5 p.m. EDT on Aug. 25, the record date for the spinoff. Cardinal Health will distribute 0.5 share of CareFusion common stock for each common share of Cardinal Health outstanding as of the record date. Shareholders will receive cash in lieu of fractional shares of CareFusion common stock. No action is required by Cardinal Health shareholders as of the record date to receive their shares of the common stock of CareFusion Corp. in the spinoff.

(1) Non-GAAP diluted EPS from continuing operations: Non-GAAP earnings from continuing operations divided by diluted weighted average shares outstanding.

(2) Non-GAAP earnings from continuing operations: Earnings from continuing operations excluding (1) special items, (2) impairments, (gain)/loss on sale of assets and other, net and, except for adjusted results, (3) spinoff costs not included in special items or impairments, (gain)/loss on sale of assets and other, net, each net of tax.

(3) Non-GAAP operating earnings: Operating earnings excluding (1) special items, (2) impairments, (gain)/loss on sale of assets and other, net and (3) spinoff costs not included in special items or impairments, (gain)/loss on sale of assets and other, net.

(4) Bulk pharmaceutical customers consist of Healthcare Su
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SOURCE Cardinal Health, Inc.
Copyright©2009 PR Newswire.
All rights reserved

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Related medicine news :

1. George Barrett Named Chairman and CEO of Cardinal Health
2. NFL Cardinals Wide Receiver Larry Fitzgerald Promotes Vision Therapy
3. Cardinal Health Welcomes Record Number of Attendees at its Annual Independent Pharmacy Trade Show
4. Cardinal Health Announced as Title Sponsor of the Health Connect Partners 2009 Fall Hospital Pharmacy Conference
5. Cardinal Health Names Patricia Morrison Chief Information Officer
6. Cardinal Health Board of Directors Approves CareFusion Spinoff
7. Cardinal Rigali Criticizes Final NIH Guidelines for Destructive Stem Cell Research
8. Cardinal Health Renews Distribution Agreement With CVS Caremark
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10. Boston Cardinal OMalley Withdraws Caritas Christi From Potential Abortion Scandal
11. Cardinal Health Foundation Awards $1 Million to Fund Patient Safety Initiatives

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