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Article: 3M Announces Closure of MicroTouch Systems Tender Offer.
- Article from:
- PR Newswire
- Article date:
- January 4, 2001
CopyrightCOPYRIGHT 2001 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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SAINT PAUL, Minn., Jan. 4 /PRNewswire/ --
3M and its wholly owned subsidiary, Equinox Acquisition, Inc., today announced the successful closure of their cash tender offer to purchase shares of MicroTouch Systems, Inc. at $21 per share. As of the expiration of the initial offering period at 12:00 midnight, New York City time, on Wednesday, January 3, 2001, a total of 5,940,760 shares of MicroTouch Systems stock (approximately 89.3% of the outstanding shares) had been validly tendered pursuant to the offer (including 409,688 shares tendered pursuant to guaranteed delivery procedures), all of which shares have been accepted by 3M.
As previously announced, ...