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GlaxoSmithKline Extends Tender Offer for TESARO, Inc

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idpickering
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GlaxoSmithKline Extends Tender Offer for TESARO, Inc

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Postby idpickering » January 15th, 2019, 12:45 pm

GlaxoSmithKline plc (LSE/NYSE: GSK) ("GSK") today announces that its indirect wholly-owned subsidiary Adriatic Acquisition Corporation ("AAC") has extended the expiration date of the previously announced cash tender offer to purchase all of the issued and outstanding shares (each a "Share" and collectively, "Shares") of common stock of TESARO, Inc. (NASDAQ: TSRO) ("TESARO") to 6:00 P.M., Eastern Time, on January 18, 2019, unless further extended. The extension allows for the expiration of the one (1)-month statutory review period contemplated by the German Act against Restraints of Competition, which is scheduled to expire at 11:59 P.M., Central European Time, on January 18, 2019. The extension also allows for the expiration of the four (4) week review period contemplated by the Austrian Cartel Act, which is scheduled to expire at 11:59 P.M., Central European Time, on January 15, 2019. The tender offer was previously scheduled to expire at one (1) minute past 11:59 P.M., Eastern Time, on January 14, 2019. GSK and AAC expect the tender offer will be consummated promptly following the expiration date (as extended by AAC), subject to the satisfaction of the remaining conditions to the consummation of the tender offer.


https://www.investegate.co.uk/glaxosmit ... 00021554N/

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