OTTAWA (dpa-AFX) - Futuremed Healthcare Products Corp. (FMD.TO) and Cardinal Health Canada Inc., a wholly-owned subsidiary of Cardinal Health Inc. (CAH), announced that the expiry time of the offer by Cardinal Health Canada to acquire all of the outstanding common shares of Futuremed for C$8.15 per Common Share in cash has been extended until February 6, 2012, to allow the Canadian Competition Bureau to complete its review of the proposed acquisition.
The Offer is now open for acceptance until on February 6, 2012, unless extended. Pending satisfaction of closing conditions, the Offer is expected to close by the end of the first quarter of the 2012 calendar year.
As of the close of market on Dec. 20, 2011, 11.41 million Common Shares have been tendered under the Offer, representing approximately 75 percent of the outstanding Common Shares.
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