Citicorp Succeeds In Quotron Bid; 55 Per Cent Of Shares Are Tendered A Week Early


Citicorp has acquired control of Quotron Systems, Inc. Nearly a week before its $19/share tender offer was due to expire, the bank holding company said 19.1 million shares -- about 55 per cent of the total outstanding -- had been tendered. That the balance will also be tendered seems to be a foregone conclusion.

This relatively anticlimactic outcome was virtually guaranteed when Quotron's board, although calling the offer "inadequate," voted not to actively oppose the bid. Citicorp announced

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: