Financings in Brief: Furon extends tender offer for Medex
This article was originally published in The Gray Sheet
Executive Summary
Furon extends tender offer for Medex: Furon's $23.50 per share tender offer for Medex stock, announced in November ("The Gray Sheet" Nov. 18, p. 8), is extended until 5 p.m. EST on Jan. 2, 1997. The offer had been set to expire on Dec. 19. Shortly before the earlier deadline, Furon reported that 5.1 mil. Medex shares had been tendered under the offer. Those shares, combined with shares agreed to be tendered by Medex management, represent about 82.3% of Medex' total outstanding common stock -- enough, Furon says, to enact the merger on a "short form" basis...