Forest raises $1.2 billion in bumped-up note deal

Forest Laboratories Inc. (NYSE:FRX) raised $1.2 billion in a bumped-up offering of 5% senior unsecured notes due 2021 to institutional investors. On Monday, the company said it planned to raise $1 billion in the note offering and also unveiled a restructuring and new share repurchase program (see BioCentury Extra, Dec. 2). ...