NEW YORK (GenomeWeb News) – Danaher today said it is extending its tender offer for Iris International to midnight EDT, Oct. 29 in order to allow investors time to consider new disclosures by Iris.
The tender offer previously was scheduled to expire at midnight EDT, Oct. 18. Danaher announced its plans to acquire Iris last month for $338 million.
In a document filed with the US Securities and Exchange Commission today, Iris disclosed new financial projections for 2012 to 2020.
Danaher said that the depositary for the tender offer has told it that as of 4:30 PM Oct. 16, Iris shareholders had validly tendered about 5.8 million shares of the company's stock, or about 31 percent of Iris shares outstanding.