IVD Acquisition Corporation Commences Tender Offer for All Shares of Immucor, Inc.

Immucor, Inc. BLUD and IVD Acquisition Corporation, an affiliate of TPG Capital, L.P., today announced that IVD Acquisition Corporation has commenced the previously-announced tender offer for all of the outstanding shares of common stock of Immucor at a price of $27.00 per share, in cash, payable without interest and less any applicable withholding taxes. IVD Acquisition Corporation and its parent company, IVD Holdings Inc., are affiliates of TPG. On July 5, 2011, the Company and TPG announced that the Company, IVD Acquisition Corporation and IVD Holdings Inc. had signed a definitive merger agreement pursuant to which the tender offer would be made. The Company's board of directors has unanimously approved the terms of the merger agreement, including the tender offer. Pursuant to the agreement, after completion of the tender offer and the satisfaction or waiver of all conditions, IVD Acquisition Corporation will merge with and into the Company and all outstanding shares of the Company's common stock, other than shares held by IVD Holdings Inc., IVD Acquisition Corporation or the Company or shares held by the Company's shareholders who validly exercise dissenters' rights under Georgia law, will be converted into the right to receive cash equal to the $27.00 offer price per share.
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