Siemens Announces Early Termination of Hart-Scott-Rodino Waiting Period For Acquisition of Dade Behring Holdings, Inc.; U.S. Ant
18 Septiembre 2007 - 12:17PM
PR Newswire (US)
NEW YORK, Sept. 18 /PRNewswire-FirstCall/ -- Siemens Corporation, a
wholly owned subsidiary of Siemens AG (NYSE:SI), announced today
that the statutory waiting period under the Hart-Scott-Rodino
Antitrust Improvements Act of 1976, as amended, applicable to its
cash tender offer for all of the issued and outstanding shares of
common stock of Dade Behring Holdings, Inc. (NASDAQ:DADE) has been
terminated. (Logo:
http://www.newscom.com/cgi-bin/prnh/20070904/SIEMENSLOGO ) Siemens
Corporation, through its wholly owned subsidiary Belfast Merger
Co., commenced a tender offer on August 8, 2007 for all of the
outstanding shares of common stock of Dade Behring for $77 per
share, net to the seller in cash. On September 5, 2007, the tender
offer was extended to 12:00 Midnight, New York City time, on
Wednesday, September 26, 2007. Siemens has submitted a draft of the
required merger control filing with the European Commission and has
since been in discussions with the authority. Siemens believes that
it is possible that it might obtain competition law clearance, and
therefore be able to close the transaction, during calendar 2007.
Following completion of the tender offer, any remaining shares of
Dade Behring Holdings, Inc. will be acquired in a merger at the
same price. The transaction is conditioned on, among other things,
receipt of regulatory approvals and has a value of approximately $7
billion. About Siemens Siemens AG (NYSE:SI) (Berlin and Munich) is
a global powerhouse in electrical engineering and electronics. The
company has around 475,000 employees (incl. discontinued
operations) working to develop and manufacture products, design and
install complex systems and projects, and tailor a wide range of
services for individual requirements. Siemens provides innovative
technologies and comprehensive know-how to benefit customers in
over 190 countries. Founded more than 160 years ago, the company
focuses on the areas of Information and Communications, Automation
and Control, Power, Transportation, Medical, and Lighting. In
fiscal 2006 (ended September 30), Siemens had sales of euro 87.3
billion and net income of euro 3.033 billion, according to U.S.
GAAP. Further information is available on the Internet at:
http://www.siemens.com/. About Dade Behring With 2006 revenue of
more than US$1.7 billion, Dade Behring offers a wide range of
products, systems and services designed to meet the day-to-day
needs of clinical laboratories, delivering innovative solutions to
customers and enhancing the quality of life for patients.
Additional company information is available on the Internet at
http://www.dadebehring.com/. This announcement is for informational
purposes only and does not constitute an offer to purchase nor a
solicitation of an offer to sell any securities. The Tender Offer
Statement on Schedule TO, the Offer to Purchase and related
materials filed by Siemens with the Securities and Exchange
Commission ("SEC") contain important information and should be read
carefully before any decision is made with respect to the tender
offer. These materials are available at no charge on the SEC's web
site (http://www.sec.gov/) and requests for additional copies of
such materials may be directed to Georgeson Inc., the Information
Agent for the tender offer. The Information Agent can be reached at
17 State Street, 10th Floor, New York, New York 10004. Banks and
brokers can call (212) 440-9800 and all others can call toll free
at (888) 605-7608.
http://www.newscom.com/cgi-bin/prnh/20070904/SIEMENSLOGODATASOURCE:
Siemens Medical Solutions CONTACT: LuJean Smith of Siemens Medical
Solutions, +1-610-448-1473, Web site: http://www.siemens.com/
http://www.dadebehring.com/ http://www.usa.siemens.com/medical
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