FLIR Systems, Inc. (NASDAQ: FLIR) has opened a cash tender offer in a bid to buy all outstanding shares of common stock of ICx Technologies, Inc. (NASDAQ: ICXT).
FLIR agreed to purchase ICx last month for $274 million.
According to the firm, “upon the successful closing of the tender offer, shareholders of ICx will receive $7.55 in cash for each share of ICx common stock tendered in the offer, without interest and less any required withholding taxes. The tender offer will expire at midnight on Oct. 1, 2010, unless an extension should occur.”
