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​Philips extends offer to buy Volcano, subject to antitrust clearance in Taiwan

( February 6, 2015, 03:41 GMT | Official Statement) -- MLex Summary: Philips announced Thursday it’s extending the expiration date for its tender offer to acquire Volcano Corporation to Feb. 17 because the company hasn’t received clearance for the transaction from the Taiwan Fair Trade Commission. Volcano provides catheter-based imaging and measurement solutions for cardiovascular applications. The deal was announced on Dec. 17 and the parties filed notification to the Taiwan FTC on Dec. 29. Philips expects the Taiwan FTC to approve the deal by Feb. 14.The full statement follows:...

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