Getinge (STO:GETIB) has secured 78.55% of the outstanding shares in Pulsion Medical Systems. All conditions precedent stipulated in the offer document have been met and the transaction was completed yesterday. Pulsion will be consolidated in Getinge's accounts as of March 1 2014.
As communicated earlier, Getinge has issued a public tender offer to acquire all shares in Pulsion Medical Systems SE ("Pulsion") listed on the German Stock Exchange (Deutsche Börse) against payment of EUR 16.90 per share in cash.
All conditions precedent stipulated in the offer document have been met and the transaction was completed yesterday. The preparation of the Domination and Profit and Loss Transfer Agreement has thus been initiated. Getinge is expected to take control over Pulsion in due course. According to German Law, the offer can still be accepted by the remaining shareholders until 3 March 2014.