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Abbott
Abbott Announces Required Offer to Repurchase Convertible Senior Subordinated Notes of Its AMO Subsidiary
March 20th, 2009
Abbott (NYSE:ABT) announced that, in connection with the consummation of its acquisition of Advanced Medical Optics (now Abbott Medical Optics or AMO) pursuant to a "first step" cash tender offer by a wholly-owned subsidiary of Abbott for all outstanding shares of AMO common stock at $22 per share, net to the seller in cash (without interest and subject to any withholding taxes), followed by a "second step" cash merger at the same per share price, holders of AMO's (i) 2.50% convertible senior subordinated notes due 2024 (the "2.50% Convertible Notes"), (ii) 1.375% convertible senior subordinated notes due 2025 (the "1.375% Convertible Notes") and (iii) 3.25% convertible senior subordinated...
Source: Health Business Week (2009-03-20)
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