FRANKFURT (Thomson Financial) - Siemens AG said it extended the expiration
date for its cash tender offer for all outstanding shares of Dade Behring Inc to
Oct 31 as the company awaits merger clearance by the European Commission.
The European Commission's initial investigation period will expire on Oct
25, 2007, unless extended, the statement said.
As of midnight, New York City time, on Sept 26, 82.55 pct of the outstanding
common stock of Dade Behring had been validly tendered and not withdrawn, it
added.
Siemens is now expecting to close the transaction during the fourth quarter
of 2007 and not in the first quarter of 2008, as previously announced, the
company said.
christoph.steitz@thomson.com
cs1/slj
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|