Koninklijke Philips N.V.
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Publicatie datum
25 feb 2008 - 08:32
Statutaire naam
Koninklijke Philips N.V.
Titel
Philips extends tender offer period to acquire Respironics
Bericht
February 25, 2008
PHILIPS EXTENDS TENDER OFFER PERIOD TO ACQUIRE RESPIRONICS
Amsterdam, The Netherlands and Murrysville, Pennsylvania – Royal Philips Electronics (NYSE:PHG, AEX:PHI) (“Philips”) and Respironics, Inc. (Nasdaq:RESP) (“Respironics”) today announced that Philips’ indirect wholly owned subsidiary Moonlight Merger Sub, Inc. (“Philips Merger Sub”) is extending the expiration date for its previously announced tender offer until 5:00 p.m., New York City time, on March 6, 2008 for all outstanding shares of common stock of Respironics for $66.00 per Respironics share, without interest and subject to any applicable withholding of taxes.
On January 3, 2008, Philips Merger Sub commenced the tender offer for the Respironics shares in accordance with the Agreement and Plan of Merger, dated as of December 20, 2007, by and among Respironics, Philips Holding USA Inc. and Philips Merger Sub, which was amended to provide for the above described extension. The offer is being extended because, as of 12:00 midnight, New York City time, on February 22, 2008, not all conditions to the offer had been satisfied or waived by Philips Merger Sub, including the approval under Council Regulation (EC) No. 139/2004 of the European Community, as amended (the “EC Merger Regulation”). The formal notification and application for approval of the offer and the merger under the EC Merger Regulation was filed on January 30, 2008 and the 25 working day review period under the EC Merger Regulation will expire on March 5, 2008. As of 12:00 midnight, New York City time, on February 22, 2008, Philips Merger Sub had received a preliminary number of tenders representing approximately 63.7 million of the outstanding Respironics shares, which represented approximately 82 percent of the outstanding Respironics shares (on a fully diluted basis).
Investors and stockholders of Respironics are urged to read the Tender Offer Statement on Schedule TO (containing the offer to purchase, a letter of trans
Datum laatste update: 16 december 2025