Chemed successfully completes Roto-Rooter tender offer.CINCINNATI--(BUSINESS WIRE)--Sept. 12, 1996--Chemed Corp. (NYSE NYSE See: New York Stock Exchange :CHE) announced today that its tender offer to acquire any and all of the outstanding stock of Roto-Rooter Inc. (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 :ROTO ROTO Rotation ROTO Roll-Out and Turn-Off ) not held by Chemed, for a cash price of $41.00 per share, expired at midnight on Sept. 11, 1996. Approximately 2,100,000 Roto-Rooter shares were tendered, and all such shares have been accepted for payment by Chemed. Chemed now owns approximately 97% 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 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 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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