Philips completes tender offer for ADAC

AuntMinnie.com staff writers
Dec 18, 2000

Royal Philips Electronics has nearly completed its acquisition of ADAC Laboratories of Milpitas, CA. The Dutch company yesterday announced that its tender offer for ADAC shares has expired, with over 90.56% of ADAC shares tendered to Philips.

With the required number of shares in hand, Philips will complete the acquisition shortly, and will begin integrating the U.S. operations of ADAC and Philips Medical Systems North America, according to the company.

By AuntMinnie.com staff writers
December 19, 2000

Related Reading

Philips to re-enter nuclear medicine market with bid to buy ADAC, November 13, 2000

Copyright © 2000 AuntMinnie.com

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