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Article: GRACE AGREES TO ACQUIRE HOME INTENSIVE CARE
- Article from:
- PR Newswire
- Article date:
- April 16, 1993
CopyrightCOPYRIGHT 1993 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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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