Linde completes tender offer for Lincare
(Thomson Reuters ONE) -
Linde AG /
Linde completes tender offer for Lincare
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The issuer is solely responsible for the content of this announcement.
Munich, 8 August 2012 - The Linde Group announced today that its previously
announced tender offer to purchase all the issued and outstanding shares of
common stock of Lincare Holdings Inc. (NASDAQ: LNCR) at USD 41.50 per share in
cash expired, as scheduled, and was not extended.
The depositary for the tender offer has advised Linde that, as of 12:00
midnight, New York City time, on Tuesday, 7 August 2012 when the tender offer
expired, a total of 73,441,467 shares of Lincare common stock were validly
tendered and not withdrawn, representing approximately 83.87% of the shares of
Lincare common stock then outstanding. The depositary for the tender offer has
also advised Linde that it has received commitments to tender 9,393,638
additional shares of Lincare common stock under guaranteed delivery procedures,
representing approximately 10.73% of the shares of Lincare common stock then
outstanding. Linde has accepted for payment the shares validly tendered and not
withdrawn in the tender offer.
Linde intends to complete the acquisition of Lincare through a short-form merger
without a vote or meeting of Lincare's shareholders. Each of the remaining
shares of Lincare common stock will be converted into the right to receive the
same $41.50 per share in cash that was paid in the tender offer. Upon completion
of the merger, Lincare will become a wholly owned indirect subsidiary of Linde.
Lincare's common stock will no longer be listed on the Nasdaq Global Select
Market.
The Linde Group is a world-leading gases and engineering company with around
51,000 employees in more than 100 countries worldwide. In the 2011 financial
year, it generated revenue of EUR 13.787 bn. The strategy of The Linde Group is
geared towards long-term profitable growth and focuses on the expansion of its
international business with forward-looking products and services. Linde acts
responsibly towards its shareholders, business partners, employees, society and
the environment - in every one of its business areas, regions and locations
across the globe. The Group is committed to technologies and products that unite
the goals of customer value and sustainable development.
For more information, see The Linde Group online at http://www.linde.com and
Lincare at http://www.lincare.com
For further Information:
Linde Group Lincare
Media Investor Relations
Uwe Wolfinger Paul G. Gabos
Phone: +49.89.35757-1320 Phone: +1 (727) 530-7700
Matthias Dachwald
Phone: +49.89.35757-1333
Investor Relations
Dr. Dominik Heger
Phone: +49.89.35757-1334
Lisa Tilmann
Phone: +49.89.35757-1328
Disclaimer
This release contains forward-looking statements about Linde and Lincare and
their respective subsidiaries and businesses. These include, without limitation,
those concerning the strategy of an integrated group, future growth potential of
markets and products, profitability in specific areas, the future product
portfolio, development of and competition in economies and markets of the group.
These forward looking statements involve known and unknown risks, uncertainties
and other factors, many of which are outside of Linde's and Lincare's control,
are difficult to predict and may cause actual results to differ significantly
from any future results expressed or implied in the forward-looking statements
in this release.
While Linde and Lincare respectively believe that the assumptions made and the
expectations reflected in this release are reasonable, no assurance can be given
that such assumptions or expectations will prove to have been correct and no
guarantee of whatsoever nature is assumed in this respect. The uncertainties
include, inter alia, the risk of a change in general economic conditions and
government and regulatory actions. These known, unknown and uncertain factors
are not exhaustive, and other factors, whether known, unknown or unpredictable,
could cause the group's actual results or ratings to differ materially from
those assumed hereinafter. Linde and Lincare undertake no obligation to update
or revise the forward-looking statements in this release whether as a result of
new information, future events or otherwise.
Press Release as PDF:
http://hugin.info/125064/R/1632543/523671.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Linde AG via Thomson Reuters ONE
[HUG#1632543]
Unternehmensinformation / Kurzprofil:
Datum: 08.08.2012 - 08:39 Uhr
Sprache: Deutsch
News-ID 172587
Anzahl Zeichen: 5598
contact information:
Town:
Munich
Kategorie:
Business News
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