In Brief: Invacare/Healthdyne
This article was originally published in The Gray Sheet
Executive Summary
Invacare/Healthdyne: Invacare extends its $13 per share tender offer for Healthdyne Technologies until March 24, the firm announces Feb. 25. Invacare's unsolicited offer, launched Jan. 27, had been slated to expire at midnight on Feb. 24 ("The Gray Sheet" Feb. 3, I&W-15). Healthdyne's board has rejected the offer and continues to resist the takeover. To date, approximately 2 mil. shares of Healthdyne stock have been tendered. These shares, together with 600,000 shares owned by Invacare, represent over 20% of Healthdyne's outstanding stock, Invacare states...