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BRIEF-Bristol-Myers sees restructuring charges between $1.5-$2.0 bln through 2020
February 21, 2017 / 5:26 PM / 10 months ago

BRIEF-Bristol-Myers sees restructuring charges between $1.5-$2.0 bln through 2020

Feb 21 (Reuters) - Bristol-myers Squibb Co

* Bristol-Myers Squibb says expects to incur charges through 2020, ranging between $1.5 billion to $2.0 billion in connection with restructuring announced in Oct 2016

* Bristol-Myers Squibb - Cash outlays in connection with the actions expected to be about 40% to 50% of the total charges

* Bristol-Myers Squibb - Charges of about $90 million recognized during Q4, primarily from certain research and development employee workforce reductions and accelerated depreciation on expected early site exits Source text: (bit.ly/2m4DoC8) Further company coverage:

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