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
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