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Johnson & Johnson
Johnson & Johnson Begins Tender Offer to Acquire Omrix
December 13th, 2008
Johnson & Johnson (NYSE:JNJ) is commencing today, through a new wholly-owned subsidiary, Binder Merger Sub, Inc., a cash tender offer to purchase all outstanding shares of common stock of Omrix Biopharmaceuticals, Inc. (NASDAQ:OMRI). Johnson & Johnson reported on November 24, 2008, its intent to acquire Omrix. Upon the successful closing of the tender offer, stockholders of Omrix will receive $25.00 in cash for each share of Omrix common stock tendered in the offer, less any required withholding taxes. Following the purchase of shares in the tender offer, Omrix will operate as a stand-alone entity reporting through ETHICON, Inc, a Johnson & Johnson company. ...
Source: Law & Health Weekly (2008-12-13)
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