Notable Mergers and Acquisitions of the Day 02/03: HDIX, MCHP/SS...

Courtesy StreetInsider.com News Articles  Wed, 02/03/2010 - 09:54
  • Home Diagnostics, Inc. (NASDAQ: HDIX) signed a definitive merger agreement with Nipro Corporation under which Nipro will acquire the company for $11.50 per share in cash, or approximately $215 million.

    The offer price represents an approximately 90% premium to the closing price of Home Diagnostics’ common stock on February 2, 2010.

    The transaction has been approved by Nipro and the board of directors of Home Diagnostics. The parties expect the tender offer to commence on or about February 10, 2010....
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