(Source: Canada Newswire)

DALLAS, Oct. 20 /CNW/ -- Kimberly-Clark Corporation (NYSE: KMB)
today will commence a cash tender offer to purchase all outstanding
shares of common stock of I-Flow Corporation (Nasdaq: IFLO). On
October 9, 2009, the companies previously announced a definitive
agreement whereby Kimberly-Clark would acquire I-Flow in a cash
tender offer and subsequent merger for approximately $324 million on
a fully diluted basis.
Upon the successful closing of the tender offer, stockholders of
I-Flow will receive $12.65 in cash for each share of I-Flow common
stock tendered in the offer, without interest and less any required
withholding taxes. If more than 50 percent but less than all of the
outstanding shares of I-Flow common stock are tendered, and all
other closing conditions are satisfied, any remaining shares not
tendered will be converted into the right to receive the same
consideration in cash in connection with a merger of Kimberly-
Clark's merger subsidiary into I-Flow. Following the purchase of
shares in the tender offer, I-Flow will operate as part of Kimberly-
Clark Health Care, a global business segment of Kimberly-Clark
Corporation, with net sales of more than $1 billion.
Today, Kimberly-Clark will file with the Securities and Exchange
Commission (SEC) a tender offer statement on Schedule TO that
provides the terms of the tender offer, and I-Flow will file a
solicitation/recommendation statement on Schedule 14D-9 that
includes the recommendation of I-Flow's board of directors that I-
Flow stockholders accept the tender offer and tender their shares in
the offer. As previously disclosed, I-Flow's board of directors has
unanimously approved the transaction. Kimberly-Clark's board of
directors has also unanimously approved the transaction.
The tender offer will expire at midnight on November 17, 2009,
unless extended in accordance with the merger agreement and the
applicable rules and regulations of the SEC. The closing of the
tender offer is conditioned upon the tender of a majority of the
outstanding shares of I-Flow Corporation's common stock on a fully
diluted basis. The closing is also conditioned upon expiration or
termination of the applicable waiting period under the Hart-Scott-
Rodino Antitrust Improvements Act and other customary closing
conditions.
About Kimberly-Clark and Kimberly-Clark Health Care
Kimberly-Clark and its well-known global brands are an
indispensable part of life for people in more than 150 countries. To
learn more about Kimberly-Clark and its 137-year history of
innovation, visit www.kimberly-clark.com.