Article: GRACE AGREES TO ACQUIRE HOME INTENSIVE CARE

 
BOCA RATON and MIAMI, Fla., April 16 /PRNewswire/ -- W. R. Grace & Co. (NYSE: GRA) and Home Intensive Care, Inc. (NASDAQ: HICI) jointly announced today that they have entered into a definitive agreement under which Grace will acquire all of the outstanding shares of Home Intensive Care for $6.60 per share in cash.  There are currently approximately 17 million shares and share equivalents outstanding. 
In accordance with the agreement, Grace will commence a cash tender offer for Home Intensive Care's shares on Thursday, April 22. Completion of the tender offer is subject to customary conditions, including Grace obtaining a majority of the outstanding shares of Home Intensive ...

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