Hospira (HSP) Announces Further Extenstion to Javelin Pharma (JAV) Tender Offer
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Hospira, Inc. (NYSE: HSP) today announced a further extension of the tender offer by Discus Acquisition Corporation, a wholly owned Hospira subsidiary, to purchase all outstanding shares of the common stock of Javelin Pharmaceuticals, Inc. (AMEX: JAV).
The offer, which was scheduled to expire at 12:00 midnight, New York City time, on June 16, 2010 (the end of the day on June 16, 2010), has been extended until 12:00 midnight, New York City time, on June 30, 2010 (the end of the day on June 30, 2010), unless extended for a further period. All other terms and conditions of the tender offer remain unchanged, including procedures for tendering and withdrawing shares during the extension of the original offer period.
As of the close of business on the expiration date of the current offer period, a total of 51,821,576 Javelin shares (including 2,299,051 shares tendered pursuant to guaranteed delivery procedures), representing approximately 79.99 percent of the outstanding shares of Javelin common stock, had been validly tendered and not withdrawn.
The offer, which was scheduled to expire at 12:00 midnight, New York City time, on June 16, 2010 (the end of the day on June 16, 2010), has been extended until 12:00 midnight, New York City time, on June 30, 2010 (the end of the day on June 30, 2010), unless extended for a further period. All other terms and conditions of the tender offer remain unchanged, including procedures for tendering and withdrawing shares during the extension of the original offer period.
As of the close of business on the expiration date of the current offer period, a total of 51,821,576 Javelin shares (including 2,299,051 shares tendered pursuant to guaranteed delivery procedures), representing approximately 79.99 percent of the outstanding shares of Javelin common stock, had been validly tendered and not withdrawn.
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