Offer Update
08 January 2004 - 1:38AM
UK Regulatory
RNS Number:9599T
Cardinal Health, Inc.
07 January 2004
For immediate release
7 January 2004
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM THE UNITED STATES,
AUSTRALIA, CANADA OR JAPAN
Recommended Cash Offer
by
Credit Suisse First Boston
on behalf of a wholly owned subsidiary of Cardinal Health, Inc.
for
The Intercare Group plc
COMPULSORY ACQUISITION OF OUTSTANDING INTERCARE SHARES
Cardinal Health, Inc. ("Cardinal Health") announces, in relation to the
recommended cash offer (the "Offer") for the entire issued and to be issued
share capital of The Intercare Group plc ("Intercare"), announced on 29 October
2003, made by Credit Suisse First Boston on behalf of Cardinal Health U.K. 418
Limited (the "Offeror"), that the Offeror has, as of 3.00 p.m. (London time) on
6 January 2004, acquired or agreed to acquire, or received valid acceptances
under the Offer in respect of more than 90 per cent. of the Intercare Shares to
which the Offer relates and will shortly implement the procedures set out in
sections 428 to 430F of the Companies Act to acquire compulsorily those
Intercare Shares for which it has not already received acceptances of the Offer.
The Offer will remain open until further notice.
Terms used in this announcement have the same meaning as in the Offer Document
dated 1 November 2003.
Enquiries:
Credit Suisse First Boston Stuart Upcraft Tel: + (44) 20 7888 8888
Zachary Brech
Capita IRG (receiving agent) Tel: 0870 600 0673
(or +44 1903 702767 if outside the UK)
Unless otherwise determined by Cardinal Health, the Offer is not being made,
directly or indirectly, in or into any Restricted Jurisdiction and the Offer
will not be capable of acceptance from or within any Restricted Jurisdiction.
Accordingly, copies of this announcement are not being, and must not be,
directly or indirectly, mailed or otherwise forwarded, distributed or sent in,
into or from any Restricted Jurisdiction and persons receiving this announcement
(including custodians, nominees and trustees) must not mail or otherwise
distribute or send it in, into or from such jurisdictions as doing so may
invalidate any purported acceptance of the Offer. Notwithstanding the
foregoing, Cardinal Health will retain the right to permit the Offer to be
accepted and any sale of securities pursuant to the Offer to be completed if, in
its sole discretion, it is satisfied that the transaction in question can be
undertaken in compliance with applicable law and regulation.
Credit Suisse First Boston, which is regulated by the Financial Services
Authority in the United Kingdom, is acting as financial adviser to the Offeror
and Cardinal Health and no one else in connection with the Offer and will not be
responsible to anyone other than the Offeror and Cardinal Health for providing
the protections afforded to clients of Credit Suisse First Boston, nor for
providing advice in relation to the Offer.
This announcement does not constitute an offer or an invitation to purchase any
securities or the solicitation of an offer to buy any securities. No offer is
being made in the United States.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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