Beverly Hills 12/15/2009 1:03:33 AM
News / Business

Covidien Announces Expiration of Tender Offer

Finance World News Update by EQUITIES Magazine

Covidien Ltd. announced the expiration of the tender offer for all Aspect Medical Systems Inc.’s outstanding 2.5 percent senior notes due 2014.

 

The health-care company said that almost $58 million of the notes were validly tendered. Those who tendered the notes will get $1,012.43 per $1,000 principal amount of the notes, which includes accrued interest.

 

Covidien stocks jumped 18 cents to $47.23 in morning trading.

 

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