AMSTERDAM (Thomson Financial) - Royal Philips Electronics NV said all
conditions to its tender offer for Respironics Inc have been met, as it
announced that 92.9 pct of the company's shares have been tendered to its offer.
One of the remaining conditions had included receiving more than 50 pct of
Respironics shares tendered to its offer.
Philips also announced a subsequent offering period starting today and
ending March 13.
On Wednesday, the European Commission said it has cleared the proposed 5.1
bln usd acquisition of Respironics by Philips.
Aaron Gray-Block; aaron.gray-block@thomson.com
agb/tc
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