Abbott Completes Acquisition of Advanced Medical Optics
Posted on: Thursday, 26 February 2009, 17:01 CST
ABBOTT PARK, Ill.,
The acquisition of AMO enhances and strengthens Abbott's diverse mix of medical device businesses and gives it a leadership position in the large and growing eye care market. Abbott Medical Optics holds the number one position in LASIK surgical devices, the number two position in the cataract surgical device market and the number three position in contact lens care products.
"As with previous acquisitions that have strengthened and diversified our
business, we're entering a market that's aligned with demographic trends and
growing medical need," said
The final step in the acquisition process was a short-form merger of
Rainforest Acquisition Inc., a wholly owned subsidiary of Abbott, with and
into Advanced Medical Optics, Inc. As a result of the merger, all outstanding
shares of AMO common stock not tendered in the cash tender offer (other than
those as to which holders properly exercise dissenters' rights) were converted
into the right to receive
About Abbott
Abbott is a global, broad-based health care company devoted to the discovery, development, manufacture and marketing of pharmaceuticals and medical products, including nutritionals, devices and diagnostics. The company employs more than 72,000 people and markets its products in more than 130 countries.
Abbott's news releases and other information are available on the company's Web site at http://www.abbott.com.
- Private Securities Litigation Reform Act of 1995 - A Caution Concerning Forward-Looking Statements Some statements in this news release may be forward-looking statements for
purposes of the Private Securities Litigation Reform Act of 1995. Abbott
cautions that these forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially from those
indicated in the forward-looking statements. Economic, competitive,
governmental, technological and other factors that may affect Abbott's
operations are discussed in Item 1A, "Risk Factors," to our Annual Report on
Securities and Exchange Commission Form 10-K for the year ended
SOURCE Abbott
Source: PR Newswire
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