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Circon board asks shareholders to defer decision on U.S. Surgical tender bid.

This article was originally published in The Gray Sheet

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Executive Summary

CIRCON ASKS SHAREHOLDERS TO DEFER DECISION ON U.S. SURGICAL OFFER "until they have been advised of Circon's position" on the unsolicited $18-per-share tender bid. In an Aug. 5 press release, Circon says its board of directors "is currently conferring with its financial and legal advisors" about the offer launched Aug. 2 ("The Gray Sheet" Aug. 5, p. 3) and will respond "in due course in accordance with its obligations under the securities laws."

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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