Abott subsidiary completes offer for purchase of Advanced Medical Optics
ABBOTT PARK, Ill. Abbott on Wednesday announced the successful completion of the tender offer by its wholly owned subsidiary Rainforest Acquisition to purchase all of the outstanding shares of common stock of Advanced Medical Optics. The tender offer expired at midnight Eastern time on Tuesday and was not extended.
The depositary for the tender offer has advised Abbott that a total of more than 56 million shares of AMO common stock were validly tendered and not withdrawn. These shares, together with the shares beneficially owned by Abbott and its wholly owned subsidiaries, represent approximately 93.5% of AMO’s outstanding shares of common stock, or approximately83.1% on a fully diluted basis.
As the final step of the acquisition process, Abbott intends to effect a short-form merger as promptly as practicable, without the need for a meeting of AMO stockholders. As a result of the merger, the remaining AMO stockholders (other than those who properly exercise dissenters’ rights) will receive the same $22 per share price, without interest and subject to any required withholding taxes, that was paid in the tender offer. After the merger, AMO will be a wholly owned subsidiary of Abbott and AMO shares will cease to be traded on the New York Stock Exchange.
Lilly U.S.A. hires singer Angie Stone to promote diabetes awareness
BIRMINGHAM, Ala. A drug maker is sponsoring an initiative to raise awareness of diabetes among African-Americans and has hired a Grammy-nominated singer to help promote it.
Lilly U.S.A., a subsidiary of Indianapolis-based Eli Lilly & Co., has enlisted Angie Stone to go to Birmingham, Ala., to help promote the Fearless African-Americans Connected and Empowered Diabetes initiative and encourage those living with diabetes to take control of their disease, Lilly announced Monday.
The event will take place Saturday from 1 p.m. to 5 p.m. at the More Than Conquerer Faith Church, at 1327 Dennison Ave., Birmingham, AL 35211. The free event will feature “Diabetes 101” educational materials and access to certified diabetes educators who can answer questions about management of the disease, and interactive experiential zone featuring resources from supporting community health organizations and a first-hand testimonial from Stone about her experience managing diabetes, as well as live performances of songs from her latest album.
Stone has been traveling to cities around the country since 2007 as the national spokeswoman for the F.A.C.E. Diabetes initiative.
CDC warns pregnant women of potential infections
ATLANTA The Centers for Disease Control and Prevention on Monday posted a number of potential infections around which women who are pregnant or who are planning to become pregnant ought to be aware, including measures those women can take in an effort to avoid any complications.
For example, CDC noted that group B strep, also known as GBS, can be very dangerous for a newborn and that pregnant women ought to be tested for GBS between weeks 35 and 37. About a quarter of all women carry the bacteria that cause GBS infection, the CDC noted. GBS bacteria are usually not harmful to women but babies can get very sick and even die if their mothers pass GBS bacteria to them during childbirth.
For women with GBS, doctors can typically prescribe an antibiotic, usually penicillin, during labor that will prevent the bacteria from spreading to the baby.
Other concerns include the cytomegalovirus, which can lead to birth defects or other serious problems ? even death. The risk of getting CMV through casual contact is very small. Usually the virus is passed from infected people to others through direct contact with body fluids. Practicing good hygiene can reduce the chance of CMV infection while pregnant, the CDC noted.
A third concern for pregnant moms is listeriosis. Pregnant women are about 20 times more likely than other healthy adults to get listeriosis, a serious infection caused by eating food contaminated with Listeria bacteria. It mostly affects pregnant women, newborns, the elderly and people with weakened immune systems. About one-third of listeriosis cases happen during pregnancy.
Infected pregnant women may experience a mild, flu-like illness. Listeriosis during pregnancy can lead to miscarriage, stillbirth, premature delivery or infection in newborns.
In general, women can protect themselves from listeriosis by eating foods that are thoroughly cleaned and cooked. Pregnant women and others who are especially susceptible to the disease should take extra precautions.