CYCLOPSS responds to GETINGE increased offer for MDT CORP.SALT LAKE CITY--(BUSINESSWIRE)--July 15, 1996--CYCLOPSS CORP. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :OZON) Monday announced that the failure of GETINGE to acquire sufficient shares of MDT MDT abbr. Mountain Daylight Time MDT (in the US and Canada) Mountain Daylight Time MDT n abbr (US) (= mountain daylight time) → CORP per its tender offer of $4.50 per share, and the required extension of the response period came as no great surprise. "In the progression of surprises relevant to this situation," said William Stoddard William O. Stoddard (1835 - 1925) was assistant secretary to Abraham Lincoln during his first term. He worked as editor of the Central Illinois Gazette. He first served as a clerk in the Interior Department. , president of CYCLOPSS, "the aggressiveness of GETINGE in summarily increasing their bid 22 percent to a price of $5.50 per share is the most startling star·tle v. star·tled, star·tling, star·tles v.tr. 1. To cause to make a quick involuntary movement or start. 2. To alarm, frighten, or surprise suddenly. See Synonyms at frighten. of all." He further stated, "While this increased offer by GETINGE substantiates our assertion that the value of MDT is greater than was represented by the previous offer, at this time we need to revisit our interest at this price, as well as weigh the likelihood of success in engaging in a potential bidding war with someone with the international resources of the likes of GETINGE." CYCLOPSS CORP. is a publicly held company traded on the NASDAQ SmallCap Market System under the symbol OZON. CONTACT: CYCLOPSS CORP., Salt Lake City William R. Stoddard, 801/972-9090 or International Investor Relations Investor relations The process by which the corporation communicates with its investors. Group, 407/865-9433 |
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