SOURCE: Spacelabs Healthcare

December 05, 2007 08:18 ET

Spacelabs Healthcare Inc. -- Announcement Regarding Parent Company Shareholding

HAWTHORNE, CA--(Marketwire - December 5, 2007) - Spacelabs Healthcare Inc. (LSE: SLAB) (the "Company" or "Spacelabs") announces today that its majority shareholder, OSI Systems, Inc. ("OSI Systems") has expressed its intention to acquire the remaining shares of the Company -- currently OSI Systems owns approximately 89% of the issued and outstanding shares of Spacelabs. OSI Systems has indicated to the Company that it intends to offer to acquire the remaining Spacelabs shares for 100p per share, a premium of 25% to the closing price on 4 December 2007. As a US company listed in the UK, the City Code on Takeovers and Mergers does not apply to the Company, although the company's by-laws contain certain provisions relating to mandatory takeovers. The Company anticipates that OSI will communicate directly with Spacelabs shareholders in regard to this offer.

Contact Information

  • Enquiries:

    Spacelabs Healthcare Inc.
    Tel: +1 310 978 0516
    Sir John Banham
    Jeremy Norton

    Piper Jaffray Ltd.
    Tel: 020 3142 8700
    David Rasouly
    Will Carnwath