Quest Diagnostics completes $200M tender offer

By Associated Press
June 17, 2009 | Comments (0)

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Medical lab operator Quest Diagnostics Inc. said Wednesday it completed a tender offer for $200 million in senior notes.

Quest said $173.6 million in senior notes due 2010 were tendered and accepted, out of an initial total of $400 million. It also said $48.7 million in notes due 2011 were tendered, and $26.4 million were accepted. The company said it expects to settle the tender offer Thursday.

In afternoon trading, Quest shares rose $1.50, or 3 percent, to $52.10.

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