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Saturday, October 2, 2004

Tristate summary


Omnicare extends offer for rival

The Enquirer

Covington-based Omnicare's $30-a-share offer has drawn the interest of more than half of rival NeighborCare's shareholders, but Omnicare said Friday that it has extended its tender offer for another month.

Omnicare said 51.2 percent of NeighborCare's fully diluted shares were tendered before a Thursday deadline. The supplier of pharmaceuticals to nursing homes initiated the $1.3 billion tender offer June 4. Investors appear to be waiting for the outcome of the FTC's antitrust review of the merger. The new deadline is 5 p.m. Oct. 29. Omnicare shares closed Friday at $29.23, up 87 cents.

BUSINESS PEOPLE

Sean Stewart has been named director at Deloitte & Touche LLP. Stewart is with Deloitte's Assurance & Enterprise Risk Services practice. He has more than 12 years of experience in accounting, auditing and business consulting. His focus is primarily on the manufacturing, real estate, wholesale and advertising industries. He currently serves as a member of Cincinnati's American Red Cross Financial Planning Committee.

--Shirley Dees

CORRECTION: Attendance wrong

Crossroad Community Church of Oakley has an average weekly attendance of 5,000 to 6,000. A story in Thursday's Business section about the closing of Moser Dodge gave an inaccurate figure.




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