The Linde Group (LNAGF) announced that its previously announced tender offer to purchase all the issued and outstanding shares of common stock of Lincare Holdings (LNCR) at $41.50 per share in cash expired, as scheduled, and was not extended. Linde intends to complete the acquisition of Lincare through a short-form merger without a vote or meeting of Lincare's shareholders. Each of the remaining shares of Lincare common stock will be converted into the right to receive the same $41.50 per share in cash that was paid in the tender offer. Upon completion of the merger, Lincare will become a wholly owned indirect subsidiary of Linde. Lincare's common stock will no longer be listed on the Nasdaq Global Select Market.
Happy demi-anniversary, stock market rally. Will the honeymoon ever end?