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Biotechnology Business
KCI Commences Tender Offer for All Outstanding Shares of LifeCell Corporation for $51.00 per Share in Cash
May 10th, 2008
Kinetic Concepts, Inc. (NYSE: KCI) and LifeCell Corporation (Nasdaq: LIFC) announced the commencement of the tender offer by Leopard Acquisition Sub, Inc., a wholly-owned subsidiary of Kinetic Concepts, Inc., for all outstanding shares of LifeCell common stock at a price of $51.00 per share, net to the seller in cash. The tender offer is being made pursuant to an Offer to Purchase, dated April 21, 2008, in connection with the Agreement and Plan of Merger, which is dated and was previously announced on April 7, 2008. The tender offer is scheduled to expire at 12:00 midnight, New York City Time, on May 16, 2008, unless the tender offer is extended. Following the...
Source: Law & Health Weekly (2008-05-10)
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