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Haemonetics completes tender offer for Global Med

Thu, 03/25/2010 - 4:30am
The Associated Press

Blood collection and processing systems maker Haemonetics Inc. said Thursday it completed the $60 million tender offer for Global Med Technologies Inc.

The company said last month that it would buy the health information technology company for $1.22 per share, and its preferred stock at about $1,694 each.

Haemonetics has tendered 100 percent of the Global Med's preferred stock and 82 percent of outstanding common stock.

The company will provide a subsequent offering period which will expire on March 31, unless extended. It will complete the buyout after the subsequent offering period expires.

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