Atrion Corporation Announces Final Results of Dutch Auction Tender Offer.ALLEN Al·len , Edgar 1892-1943. American anatomist who is noted for his studies of hormones and for the discovery (1923) of estrogen. , Texas--(BUSINESS WIRE)--April 30, 1999-- Atrion Corporation (Nasdaq/NMS:ATRI) announced today the final results of its "Dutch auction Dutch Auction An auction where the price on an item is lowered until it gets its first bid, and then the item is sold at that price. Notes: The U.S. Treasury (and other countries) uses a Dutch auction when it sells securities. " tender offer that expired ex·pire v. ex·pired, ex·pir·ing, ex·pires v.intr. 1. To come to an end; terminate: My membership in the club has expired. 2. at 5:00 p.m., New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time on Friday, April 23, 1999. On March 22, 1999, Atrion commenced its tender offer to purchase up to 400,000 shares of its Common Stock, at a price not greater than $10.00 nor less than $8.00 per share. Based on the final count by the depositary DEPOSITARY, contracts. He with whom a deposit is confided or made. 2. It is, the essence of the contract of deposits that it should be gratuitous on the part 'of the depositary. 9 M. R. 470. for the offer, a total of 301,524 shares of Common Stock were properly tendered at or below $10.00 per share. Under the terms of the offer, Atrion accepted for purchase and purchased at $10.00 per share all shares tendered. The funds to pay for the shares purchased in the offer have been deposited with the depositary, and the depositary has processed payment for those shares. After the share purchase, Atrion has 2,524,429 shares of Common Stock outstanding. Atrion Corporation designs, develops, manufactures, sells and distributes medical products and components to markets worldwide. |
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