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SANDOZ ANNOUNCES END OF WAITING PERIOD FOR SYSTEMIX OFFER

 SANDOZ ANNOUNCES END OF WAITING PERIOD FOR SYSTEMIX OFFER
 NEW YORK, Jan. 15 /PRNewswire/ -- Sandoz Ltd. announced today that the waiting period under the Hart-Scott Rodino Antitrust Improvements Act of 1976, as amended, applicable to Sandoz's cash tender offer for 4,011,684 shares of common stock of SyStemix, Inc. (NASDAQ-NMS: STMX) has expired without either the Department of Justice or the Federal Trade Commission issuing a request for additional information.
 Under the Hart-Scott-Rodino Act, the antitrust authorities had until midnight, Jan. 14, 1992 to review the transaction, but could have extended the period by issuing a request for additional information.
 On Dec. 20, 1991, Sandoz commenced a $70 per share cash tender offer for 4,011,684 shares of common stock of SyStemix. The expiration date for the offer is 5 p.m., Tuesday, Feb. 18, 1992.
 -0- 1/15/92
 /CONTACT: (Media) Craig Burrell, 212-307-1122, or (investors) Jim Simpson, 212-830-2444, both of Sandoz, or David Kronfeld or Fred Spar of Kekst and Company, 212-593-2655, for SyStemix/
 (STMX) CO: Sandoz Ltd.; SyStemix Inc. ST: New York IN: SU: TNM


JT -- NY057 -- 0028 01/15/92 13:02 EST
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Publication:PR Newswire
Date:Jan 15, 1992
Words:189
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