Chemed completes acquisition of Roto-Rooter.CINCINNATI--(BUSINESS WIRE)--Sept. 17, 1996--Chemed Corp. (NYSE NYSE See: New York Stock Exchange :CHE) announced today the completion of a merger between a newly formed Chemed subsidiary and Roto-Rooter Inc., thus concluding Chemed's acquisition of the outstanding stock of Roto-Rooter not held by Chemed. All shares of common stock of Roto-Rooter not previously purchased in Chemed's tender offer were converted in the merger into the right to receive the same $41.00 per share cash price paid in the tender offer by Chemed. Prior to the merger, Chemed owned approximately 97 percent of Roto-Rooter. Chemed Corp., headquartered in Cincinnati, is a diversified public corporation with strategic positions in medical and dental supply manufacturing for the alternate-care and hospital markets, home healthcare services, and hospice hospice, program of humane and supportive care for the terminally ill and their families; the term also applies to a professional facility that provides care to dying patients who can no longer be cared for at home. care; plumbing, drain cleaning, and appliance and air-conditioning repair and maintenance through the sale of service contracts; and sanitary sanitary /san·i·tary/ (san´i-tar?e) promoting or pertaining to health. san·i·tar·y adj. 1. Of or relating to health. 2. maintenance products and services. Roto-Rooter Inc., headquartered in Cincinnati, is the largest provider of sewer SEWER. Properly a trench artificially made for the purpose of carrying water into the sea, river, or some other place of reception. Public sewers are, in general, made at the public expense. Crabb, R. P. Sec. 113. and drain cleaning services in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . CONTACT: Chemed Corp., Cincinnati Timothy S. O'Toole, 513/762-6702 |
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