Navigation Links
Reckitt Benckiser Completes Acquisition of Adams Respiratory Therapeutics, Inc.
Date:1/30/2008

CHESTER, N.J. and SLOUGH, England, Jan. 30 /PRNewswire/ -- Reckitt Benckiser Group plc (RB.L) ("Reckitt Benckiser") today announced the successful completion of its acquisition of Adams Respiratory Therapeutics, Inc. (Nasdaq: ARxT) ("Adams") through a cash tender offer followed by a short- form merger of its indirect wholly owned subsidiary, Twickenham Inc., with and into Adams. As a result of this acquisition, Adams becomes an indirect wholly owned subsidiary of Reckitt Benckiser.

At the effective time of the merger, all outstanding shares of Adams common stock not validly tendered and accepted for payment in the tender offer were converted into the right to receive US$60.00 per share in cash (the same price paid in the tender offer), without interest and subject to applicable withholding of taxes. American Stock Transfer & Trust Company, acting as the paying agent for the merger, will mail to the remaining former shareholders of Adams materials necessary to exchange their former Adams shares for such payment. As a result of the merger, Adams shares will be delisted and cease to trade on the NASDAQ Global Select Market.

Notes for Editors

Reckitt Benckiser is a world leader in household cleaning, health and personal care. The Company is truly global, with over 60 operating companies and some 43 manufacturing facilities worldwide and has sales in 180 countries. Reckitt Benckiser employs 22,000 people around the world. Amongst the Company's leading brands in household are Lysol, the world leader in disinfecting cleaning, Calgonit & Finish & Electrasol, the world leaders in automatic dishwashing, Woolite, world leader in fine fabrics, Vanish & Spray'n Wash, world leaders in fabric treatment, Airwick and Mortein, both No.2 brands in air care and pest control respectively. In Health & Personal Care (25% of net revenues), leading brand positions include Veet, the world number one depilatory and Dettol the world's leading antiseptic, Nurofen, the leading European analgesic, Strepsils, world number one in medicated sore throat, Gaviscon the No.1 gastro intestinal remedy in UK and Lemsip the UK No.1 in cold/flu remedies.

Reckitt Benckiser is headquartered in Slough just outside London, UK and is listed on the London stock exchange. Reckitt Benckiser had net revenues of 4.92bn pounds, operating profit of 910m pounds, and net income of 674m pounds in 2006.

About Adams Respiratory Therapeutics, Inc.

Adams is a specialty pharmaceutical company focused on the late-stage development, commercialization and marketing of over-the-counter and prescription pharmaceuticals for the treatment of respiratory disorders.


'/>"/>
SOURCE Reckitt Benckiser
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Reckitt Benckiser Commences Cash Tender Offer for All Outstanding Shares of Adams Respiratory Therapeutics
2. Flextronics Completes Acquisition of Avail
3. Symmetry Medical Completes Acquisition of DePuy Orthopaedic Instrument Facility
4. Cardiac Science Completes Deployment of AEDs With Los Angeles County Fire Department
5. Edwards Lifesciences Completes Sale of LifeStent Product Line to Bard
6. Avista Capital Partners Completes Acquisition of Bristol-Myers Squibb Medical Imaging
7. Specialty Blades, Inc. Completes Acquisition of Popper and Sons, Inc.
8. PolyOne Completes Acquisition of GLS Corporation
9. SPX Corporation Completes Acquisition of APV
10. Cell Therapeutics, Inc. (CTI) Completes Acquisition of Lymphoma Drug Zevalin(R) From Biogen Idec for Sales and Marketing in the United States
11. The Carlyle Group Completes Transaction with Manor Care
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/13/2019)... ... 13, 2019 , ... In Partnership with the Smiles for Everyone Foundation ... at its Mesquite, TX office on July 13th. , Dental services provided include same-day ... extractions . For more information, please visit the Monarch Dental website . , ...
(Date:6/13/2019)... ... June 13, 2019 , ... ... healthcare, today announced that Jon Elwell, the company’s CEO, has been confirmed by ... is a non-profit health care industry alliance created to support secure, identity-proofed ...
(Date:6/13/2019)... ... June 13, 2019 , ... This ... and Charles “Charlie” Schadewald as the newest members of its board. Prior to ... NICA’s Advisory Committee. The NICA Advisory Committee is comprised of senior leadership members ...
(Date:6/12/2019)... ... June 12, 2019 , ... NDA Partners Chairman ... more than 25 years of experience in quality systems development, quality systems management, ... devices, has joined NDA Partners as an Expert Consultant. Her experience includes quality ...
(Date:6/12/2019)... ... June 12, 2019 , ... ... addition to the family of Best Sanitizers’ HACCP Footwear Sanitizing Unit equipment. The ... nutraceutical plants, pharmaceutical plants, clinical research labs, and clean rooms by reducing cross-contamination ...
Breaking Medicine News(10 mins):
(Date:6/13/2019)... ... June 13, 2019 , ... ... sensor technology and passive visual weapons detection systems, is proud to announce its ... XProtect®. As a verified technology partner IPVideo’s award-winning HALO sensor is now ...
(Date:6/13/2019)... DALLAS (PRWEB) , ... June 13, 2019 , ... ... health and hospice software has announced the new Smart Scheduling product, part of ... Dallas. , HCHB’s Smart Scheduling product uses complex algorithms to create highly efficient ...
(Date:6/13/2019)... ... 2019 , ... Access Healthcare , a leading provider of healthcare business ... the HFMA Annual Conference 2019 which will be held on June 23-26, ... Healthcare, says, “HFMA Annual Conference has inspired us in many ways – right from ...
Breaking Medicine Technology: