It looks like the same experts that closed that $2 Billion deal between Cardinal Health, Inc. and ALARIS Medical Systems, Inc. are the guys in charge here now with VKNG. Read below:
DUBLIN, Ohio and SAN DIEGO, June 1, 2004 — Cardinal Health, Inc. (NYSE: CAH) and ALARIS Medical Systems, Inc. (NYSE: AMI) today announced that, on Friday, May 28, 2004, a subsidiary of Cardinal Health commenced its previously announced tender offer to acquire all of the outstanding common shares of ALARIS, at a price of $22.35 per share, net to the seller in cash. The tender offer is scheduled to expire at midnight, New York City time, on Friday, June 25, 2004, unless extended.
On May 18, Cardinal Health and ALARIS announced that they had reached an agreement for Cardinal Health to acquire ALARIS in a transaction valued at approximately $2 billion, including the assumption of outstanding debt. The transaction is expected to be completed by June 30, 2004 and consists of a cash tender offer to be followed by a merger. Upon completion of the merger, ALARIS will become a wholly owned subsidiary of Cardinal Health.
The ALARIS Board of Directors has approved the Cardinal Health tender offer, the merger and the merger agreement and unanimously recommends that ALARIS stockholders accept the Cardinal Health tender offer and tender their shares.
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