Home Diagnostics merges with Nippon Product Acquisition

Nipro Corporation (Tokyo Stock Exchange and Osaka Stock Exchange Ticker Code 8086) today announced the successful completion of a short-form merger of Home Diagnostics, Inc. (NASDAQ: HDIX) with Nipro’s wholly-owned subsidiary, Nippon Product Acquisition Corporation (the “Purchaser”).

To complete the acquisition of 100% of Home Diagnostics’ shares, the Purchaser has effected a short-form merger pursuant to Delaware law in which the Purchaser has merged with and into Home Diagnostics, with Home Diagnostics surviving the merger and continuing as a wholly-owned subsidiary of Nipro. As a result of the merger, any Home Diagnostics shares not tendered pursuant to the Purchaser’s previously-announced tender offer (other than any (i) treasury shares, shares held by any Home Diagnostics subsidiary or shares held by Nipro or any of its subsidiaries and (ii) shares held by a holder who has not voted in favor of or consented to the merger and who has properly demanded and perfected the holder’s appraisal rights under Delaware law) will be converted into the right to receive $11.50 in cash, without interest and less any required withholding taxes.

Following the merger, Home Diagnostics’ shares will cease to be traded on the Nasdaq Global Select Market.