Abott subsidiary completes offer for purchase of Advanced Medical Optics


ABBOTT PARK, Ill. Abbott on Wednesday announced the successful completion of the tender offer by its wholly owned subsidiary Rainforest Acquisition to purchase all of the outstanding shares of common stock of Advanced Medical Optics. The tender offer expired at midnight Eastern time on Tuesday and was not extended.

The depositary for the tender offer has advised Abbott that a total of more than 56 million shares of AMO common stock were validly tendered and not withdrawn. These shares, together with the shares beneficially owned by Abbott and its wholly owned subsidiaries, represent approximately 93.5% of AMO's outstanding shares of common stock, or approximately83.1% on a fully diluted basis. 

As the final step of the acquisition process, Abbott intends to effect a short-form merger as promptly as practicable, without the need for a meeting of AMO stockholders. As a result of the merger, the remaining AMO stockholders (other than those who properly exercise dissenters' rights) will receive the same $22 per share price, without interest and subject to any required withholding taxes, that was paid in the tender offer. After the merger, AMO will be a wholly owned subsidiary of Abbott and AMO shares will cease to be traded on the New York Stock Exchange.

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