Furon Co. said Thursday it has extended its offer for Medex Inc.'s outstanding common shares to Jan. 2.
The tender offer was scheduled to expire Thursday. Furon offered to buy Medex common shares and share rights at $23.50 each.
More than 5.1 million shares of Medex common stock, or 90% of those outstanding, had been tendered and not withdrawn.
Medex of Hilliard, Ohio, makes polymer-based critical-care products and infusion systems for medical and surgical applications. Laguna Niguel-based Furon makes polymer components.