Abbott's waiting period for acquisition of AMO expired last night

ABBOTT PARK, Ill. Abbott on Friday announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, applicable to Abbott's cash tender offer to purchase all of the outstanding shares of common stock of Advanced Medical Optics, expired at midnight.

The expiration of the HSR waiting period satisfies one of the conditions necessary for the consummation of the tender offer, Abbott stated. The tender offer is scheduled to expire at midnight Eastern time on Feb. 24. 

Abbott initially commenced the tender offer Jan. 27 for all of the outstanding shares of AMO common stock at $22 per share in cash in a deal valued at $2.8 billion.