Nipro today filed with the Securities and Exchange Commission a Tender Offer Statement on Schedule TO that provides the terms of the tender offer and explains the procedures by which stockholders may tender their shares and participate in the tender offer. Home Diagnostics has concurrently filed with the SEC a Solicitation/Recommendation Statement on Schedule 14D-9 that includes the recommendation of its board of directors that Home Diagnostics stockholders accept the tender offer and tender their shares to the Purchaser.
The tender offer will expire at midnight, New York City time, on Thursday, March 11, 2010, unless extended in accordance with the terms of the tender offer and the applicable rules and regulations of the SEC. The closing of the tender offer is subject to the satisfaction or waiver of certain conditions, including, among others, the tender of a majority of Home Diagnostics ™ shares in response to the offer, there not having been a material adverse change with respect to Home Diagnostics, and other customary closing conditions. The tender offer is not subject to a financing condition. The Purchaser may, in its sole discretion, provide for a subsequent offering period for a further period of time not to exceed 20 business days in accordance with Rule 14d-11 under the Securities Exchange Act of 1934 following its acceptance in the tender offer of a majority of Home Diagnostics ™ shares.
SOURCE Nipro Corporation