This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Kimberly-Clark cleared for acquisition of I-Flow 2009-11-06 02:45 ET - News Release Mr. Kay Jackson reports KIMBERLY-CLARK CORPORATION ANNOUNCES REGULATORY CLEARANCE FOR ITS PLANNED ACQUISITION OF I-FLOW CORPORATION The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act with respect to Kimberly-Clark Corp.'s previously announced planned acquisition of I-Flow Corp. has expired.
Kimberly-Clark initiated a cash tender offer on Oct. 20, 2009, to purchase all outstanding shares of I-Flow common stock. The tender offer will expire at midnight on Nov. 17, 2009, unless extended in accordance with the terms of the merger agreement with I-Flow and the applicable rules and regulations of the United States Securities and Exchange Commission (SEC). Termination of the waiting period satisfies one of the conditions to the closing of the tender offer. The closing of the tender offer also is conditioned on the tender of a majority of the outstanding shares of I-Flow's common stock on a fully diluted basis and the satisfaction of other customary closing conditions.
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