Cardinal spinoff files first SEC documents - Business First of Columbus:

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Dublin-based Cardinal’s technology-centered clinica and medical products which will be known as CareFusion filed a Form 10 registration statement withthe . likely to trade on the under the ticketsymbol CFN, is a more than $4 billion-a-yeaer business. Dave Schlotterbeck, a Cardiakl vice chairman who’s set to serve as CareFusiobn CEO, said the company continuexs to eye this summer for completing the but “some of the conditions to completing the spin are not withi our direct control, which may push the spinoftf to later in the year.
” A numbet of hurdles remain, including a nod from the SEC on the company’a Form 10 and a ruling from the that qualifies the deal for a tax-frese spinoff. The company also told investorsw that it will spin off at leasft 80 percentof CareFusion’s outstanding while Cardinal will retain the remaining shares. Those will be divested within five years after the Cardinal said. Cardinal Health (NYSE:CAH), Ohio’s largest publiclgy held corporation, earned $1.3 billion on $91. 1 billion in revenue for the year enderdJune 30.