Printer Friendly

HEALTHDYNE ANNOUNCES PROPOSED EXCHANGE OFFER FOR ADDITIONAL SHARES OF HNS SUBSIDIARY

 MARIETTA, Ga., Jan. 6 /PRNewswire/ -- Healthdyne, Inc. (NASDAQ: HDYN) announced today that it has filed a registration statement on Form S-4 with the Securities and Exchange Commission with respect to 1,720,000 shares of its common stock.
 Upon effectiveness of the registration statement, Healthdyne intends to commence a partial exchange offer for 2,150,000 shares of the outstanding common stock of Home Nutritional Services, Inc. (NASDAQ: HNSI), its 67.6% owned subsidiary, on the basis of 0.8 of a share of Healthdyne stock for each share of HNS stock tendered. If the offering is completed, Healthdyne's ownership of the outstanding common stock of HNS would increase to 86.2%.
 A registration statement relating to these securities has been filed today with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective and an offering has been commenced. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 Healthdyne is a national provider of high technology home care medical services, including infusion therapy through HNS and home obstetrical care through Healthdyne Perinatal Services, and a manufacturer of high tech home care products through Healthdyne Technologies.
 -0- 1/6/94
 /CONTACT: Donald R. Millard of Healthdyne, 404-423-4529/
 (HDYN HNSI)


CO: Healthdyne, Inc.; Home Nutritional Services, Inc. ST: Georgia IN: MTC SU: OFR

BR-BN -- AT001 -- 9601 01/06/94 07:34 EST
COPYRIGHT 1994 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 6, 1994
Words:287
Previous Article:EQUIFAX HAS RECORD YEAR IN 1993 SETS THEME OF 'INFORMATION LEADERSHIP' FOR 1994
Next Article:HAVERTY FURNITURE COMPANIES, INC. REPORTS RECORD SALES FOR DECEMBER
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters