January 31, 2018 / 2:18 PM / 9 months ago

BRIEF-Eli Lilly plans to deploy around $9 bln of global cash

Jan 31 (Reuters) - Eli Lilly And Co:

* SEES 2018 EFFECTIVE TAX RATE OF 18%, DOWN FROM PREVIOUS NON-GAAP EXPECTATION OF 21.5%

* SAYS CURRENTLY HAS $9 BILLION OF GLOBAL CASH, WHICH IT PLANS TO DEPLOY OVER 2018 AND 2019

* SAYS PLANS TO REDUCE GROSS DEBT BY $2 BILLION, RETURN SOME OF ITS GLOBAL CASH TO SHAREHOLDERS Further company coverage: (Reporting By Michael Erman)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below