Home Diagnostics, Inc. Agrees to Be Acquired by Nipro Corporation; Companies Sign Definitive Agreement
Nipro Corporation to Commence All-Cash Tender Offer at $11.50 per share for 100% of Home Diagnostics’ Outstanding Shares
Home Diagnostics, Inc. (NASDAQ: HDIX), a leading manufacturer and marketer of diabetes testing supplies, announced today that it signed a definitive merger agreement with Nipro Corporation (Tokyo Stock Exchange and Osaka Stock Exchange Ticker Code 8086), a global manufacturer and distributor of medical devices, pharmaceutical products and medical and glass products headquartered in Osaka, Japan, under which Nipro will acquire all outstanding shares of Home Diagnostics’ common stock, $.01 par value, for a cash purchase price of $11.50 per share (or aggregate consideration of approximately $215 million).
- Published: 03 February 2010
- Written by Editor