Healthdyne seeks white knight alternative to Invacare:
This article was originally published in Clinica
Invacare has extended its $15 a share bid for Healthdyne until August 1 while Healthdyne begins searching for a "white knight" to acquire or merge with the company. Invacare claims that nearly four million shares have been tendered to it. When added to its own 600,000, this gives it control over 35% of outstanding common stock. Healthdyne makes advanced medical devices for the home and clinical use, including nebulisers and SIDS monitors.