GE Healthcare to complete the acquisition of Biacore
17 Aug 2006 -
GE Healthcare, acting through GE Medical Holding AB, announced that it is proceeding with its public offer for Biacore International AB. As at the close of the acceptance period under the offer on 10 August 2006, GE Healthcare had received acceptances of its offer from shareholders representing 9,567,184 shares. In addition, GE Healthcare has obtained a contractual right to acquire in excess of 700,000
Biacore warrants, which in combination with the acceptances received from shareholders, provides GE Healthcare with control in excess of 98 per cent of the shares in Biacore on a fully diluted basis. Since the conditions of the offer are fulfilled, GE Healthcare is completing the offer and starting settlement on 15 August 2006.
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