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LNCR Lincare Holdings Inc. (MM)

41.49
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Lincare Holdings Inc. (MM) NASDAQ:LNCR NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 41.49 0 01:00:00

Linde: 84% of Lincare Shares Tendered In Takeover Offer

08/08/2012 8:32am

Dow Jones News


Lincare Holdings Inc. (MM) (NASDAQ:LNCR)
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German industrial gases company Linde AG (LIN.XE) said Wednesday almost 84% of the shares of Lincare Holdings Inc (LNCR) were tendered in its $4.6 billion takeover offer and it won't extend the offer.

MAIN FACTS:

-The depositary received commitments to tender an additional 10.7% of outstanding Lincare shares.

-Linde has accepted the tendered shares for payment.

-Linde intends to complete the acquisition of Lincare through a short-form merger without a vote or meeting of Lincare's shareholders.

-All remaining common Lincare stocks will be converted into the right to receive the same $41.50 per share in cash that was paid in the tender offer.

-Upon completion of the merger, Lincare will become a wholly owned indirect subsidiary of Linde.

-Lincare's common stock will no longer be listed on the Nasdaq global select market.

-Write to the Frankfurt Bureau at djnews.frankfurt@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


1 Year Lincare Holdings Inc. (MM) Chart

1 Year Lincare Holdings Inc. (MM) Chart

1 Month Lincare Holdings Inc. (MM) Chart

1 Month Lincare Holdings Inc. (MM) Chart