Respironics Inc.
Royal Philips Electronics to Acquire Respironics for USD $66.00 Per Share
Published in Physician Law Weekly, January 2nd, 2008
RESPIRONICS, INC. (NASDAQ:RESP) announced it has entered into a definitive merger agreement pursuant to which Royal Philips Electronics (Philips) will commence a tender offer to acquire all of the outstanding shares of Respironics for USD 66.00 in cash per share, or a total purchase price of approximately USD 5.1 billion. The offer price represents a premium of approximately 31% over Respironics' average closing share price for the thirty trading days ended December 20, 2007. The Board of Directors of Respironics has unanimously approved the transaction and recommends that Respironics shareholders accept and tender their shares into the offer. The tender offer is expected to commence by...
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Source: Physician Law Weekly (2008-01-02)
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