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Article: Cytyc and Digene Commence Exchange Offer.
- Article from:
- PR Newswire
- Article date:
- March 1, 2002
CopyrightCOPYRIGHT 2002 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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BOXBOROUGH, Mass. and GAITHERSBURG, Md. -- Cytyc Corporation and Digene Corporation today announced that Cytyc, through its wholly-owned subsidiary Cruiser, Inc., has commenced its previously announced exchange offer for all outstanding shares of Digene common stock.
Under the terms of the exchange offer, each Digene shareholder will receive $4.00 per share in cash plus 1.1969 shares of Cytyc common stock for every share of Digene common stock validly tendered and not properly withdrawn.
The exchange offer is scheduled to expire at 12:00 midnight, New York City time, on Thursday, March 28, 2002, unless extended.
The Digene board has determined ...