Kimberly-Clark $12.65-per-share tender offer for I-Flow ends Nov. 17

By Lisa Kerner

Charlotte, N.C., Nov. 5 - The Hart-Scott-Rodino waiting period expired in the proposed merger of Kimberly-Clark Corp. and I-Flow Corp., Kimberly-Clark announced on Thursday.

Kimberly-Clark began a $12.65-per-share tender offer for I-Flow's shares on Oct. 20. The offer is set to end at midnight ET on Nov. 17.

As previously reported, the transaction is valued at about $276 million, net of acquired cash and cash equivalents.

Dallas-based Kimberly-Clark is a consumer products manufacturing company.

I-Flow is a biotechnology company based in Lake Forest, Calif., that develops drug-delivery systems.

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