AMSTERDAM (Thomson Financial) - Royal Philips Electronics NV and Respironics
Inc said that Philips unit Moonlight Merger Sub Inc is extending the expiration
date of its previously announced offer until midnight, New York City Time, Feb
22.
The companies said in a joint statement that the offer was extended because
not all conditions agreed upon had been met by the first Feb 1 deadline.
Philips in December agreed to buy Respironics for 66 usd per share in cash,
valuing the US company at about 5.1 bln usd, or 3.6 bln eur. Philips said
earlier that it expects to close the deal in the first quarter.
Cornelia Messing; cornelia.messing@thomson.com
cmm/ra
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