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Alere Announces Intent to Voluntarily Delist Series B Convertible Perpetual Preferred Stock from the NYSE Conditioned Upon the Completion of its Acquisition by Abbott | ||
By: PR Newswire Association LLC. - 19 Sep 2017 | Back to overview list |
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WALTHAM, Mass., Sept. 18, 2017 /PRNewswire/ -- Alere Inc. (NYSE: ALR) ("Alere"), today announced that it has submitted written notice to the New York Stock Exchange (the "NYSE") of its intention to voluntarily delist its Series B Convertible Perpetual Preferred Stock, par value $0.001 per share (the "Preferred Stock"), from the NYSE. The voluntary delisting is subject to and conditioned upon the completion of its acquisition by Abbott Laboratories, an Illinois corporation ("Abbott"). Abbott has informed Alere that it intends to consummate its offer to purchase all outstanding shares of the Preferred Stock (the "Offer") following the completion of the acquisition of Alere and upon satisfaction of all other conditions to the Offer, and thereafter to cancel all remaining shares of Preferred Stock in exchange for the liquidation preference, plus accrued but unpaid dividends, due on such shares of Preferred Stock. Following the delisting from the NYSE, the Preferred Stock will not be listed or registered on another national securities exchange or for quotation in a quotation medium. Cautionary Statement Regarding Forward-Looking Statements About Alere SOURCE Alere Inc. |
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