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Danaher Extends Tender Offer for Iris Due to Storm

NEW YORK (GenomeWeb News) – Danaher announced late Monday the extension of its tender offer for Iris International to 5 p.m. EDT on Oct. 31 due to Hurricane Sandy.

The $338 million deal was originally set to expire on Oct. 18 but was extended until Oct. 29 after Iris disclosed certain financial information earlier this month. Danaher said that it extended its offer again as the storm battered the East Coast and the financial markets in New York remained closed on Tuesday.

The depositary for the tender offer has told Danaher that as of 5:30 p.m. on Oct. 29, shareholders of Iris had validly tendered 15.8 million shares of the company's stock, or about 86 percent of all Iris shares outstanding.