Sale of Respironics Delayed

Summary


Royal Philips Electronics, the would-be acquirer of Respironics Inc., extended its share tender offer for the second time on Monday because the European Union still has not finished its antitrust review.

Royal Philips extended its tender offer to expire at 5 p.m. March 6 vs. the previous expiration date of Feb. 22, the first extension date. The European Union's 25-day, deal-review period will expire on March 5.

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Extract


Sale of Respironics Delayed

Respironics shares ended trading yesterday at $65.72, up 12 cents.

Based in Murrysville, Respironics agree...

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