Xerox Announces Expiration of HSR Review for Acquisition of Global Imaging Systems
Xerox announced today that the Hart-Scott-Rodino review period for its tender offer for Global Imaging Systems, Inc. (Nasdaq: GISX) has expired.
Xerox announced today that the Hart-Scott-Rodino review period for its tender offer for Global Imaging Systems, Inc. (Nasdaq: GISX) has expired.
Xerox initiated, through its wholly owned subsidiary RG Acquisition I Corp., a cash tender offer on April 4 to purchase all outstanding shares of common stock of Global Imaging Systems for $29 per share.
The expiration of the HSR waiting period satisfies one of the conditions to the tender offer, which is set to expire at 12:00 midnight ET on May 8. The closing of the transaction is also subject to the tender of a majority of Global Imaging shares on a diluted basis and the satisfaction of other customary conditions.