GE Gets Final Approvals for Instrumentarium Acquisition

The remaining regulatory approvals required for its acquisition of Instrumentarium Corp. (Helsinki, Finland) have been received by GE Medical Systems (Waukesha, WI, USA), according to a GE announcement.

These approvals include those of the US Department of Justice and the Canadian Competition Bureau. The European Commission had previously announced approval. GE's tender offer for all Instrumentarium shares and options is set to expire on September 30, 2003. In order to address issues raised by regulators, GE has agreed to divest the Ziehm surgical C-arm business of Instrumentarium. The company has also reconfirmed its agreement with the European Commission to divest the Spacelabs patient monitoring business and to maintain on a global basis the current practice of GE and Instrumentarium of open interfaces for the products covered by the commitments.

GE states that it will announce the results of the company's tender offer on or about October 6, 2003. If the minimum acceptance level is met, tendering shareholders and option holders will receive payment of the offer price on or about October 14, 2003.





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