Cochlear Says Recall Cost to Be A$130 Million-A$150 Million

Cochlear Ltd. (COH) said it expects the cost associated with the recall of one of its products to be A$130 million to A$150 million and the company is targeting a first-half dividend of A$1.20 a share, according to a regulatory filing.

To contact the reporter on this story: Tim Smith in Sydney at tsmith58@bloomberg.net

To contact the editor responsible for this story: Tim Smith at tsmith58@bloomberg.net

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