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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 | 00:00:00 |
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 Month Lincare Holdings Inc. (MM) Chart |
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