- Amended tender offer statement by Third Party (SC TO-T/A)
April 28 2010 - 4:51PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
SCHEDULE
TO
Tender
Offer Statement under Section 14(d)(1) or 13(e)(1)
of
the Securities Exchange Act of 1934
(Amendment No. 1)
JAVELIN PHARMACEUTICALS, INC.
(Name of Subject Company (Issuer))
DISCUS ACQUISITION CORPORATION
a wholly-owned subsidiary of
HOSPIRA, INC.
(Names of Filing Persons
(Offerors))
Common
Stock, par value $0.001 per share
(Title of Class Securities)
471894105
(CUSIP Number of Class of Securities)
Brian
J. Smith
Senior
Vice President, General Counsel and Secretary
Hospira, Inc.
Dept.
NLEG, Bldg. H1
275
North Field Drive
Lake
Forest, Illinois 60045-5045
(224)
212-2000
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and
Communications on Behalf of Filing Persons)
With copies to:
Craig
A. Roeder
Michael
F. DeFranco
Baker &
McKenzie LLP
One
Prudential Plaza
130
East Randolph Drive
Chicago,
Illinois 60601
(312)
861-8000
CALCULATION OF FILING FEE
Transaction
Valuation(1)
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Amount
of Filing Fee(2)
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$145,593,701
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$10,380.83
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(1)
Estimated for purposes of calculating the filing fee
only. This amount is the sum of (i) 64,423,345 shares of common stock of
Javelin Pharmaceuticals, Inc. outstanding as of April 9, 2010,
multiplied by $2.20 per share, which is the offer price, plus (ii) $3,862,342
expected to be paid in connection with the cancellation of outstanding stock
options, restricted stock units, deferred stock units and warrants.
(2)
The filing fee was calculated in accordance with Rule 0-11
under the Securities Exchange Act of 1934, as amended, and Fee Rate Advisory
for fiscal year 2010, issued December 2009, by multiplying the transaction
value by 0.00007130.
x
Check the box if any part of the fee is offset as
provided by Rule 0-11(a)(2) and identify the filing with which the
offsetting fee was previously paid. Identify the previous filing by
registration statement number, or the Form or Schedule and the date of its
filing.
Amount
Previously Paid:
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$10,381.00
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Filing Party:
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Hospira, Inc. and
Discus Acquisition Corporation
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Form or
Registration No.:
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Schedule TO-T
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Date Filed:
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April 21, 2010
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o
Check
the box if the filing relates solely to preliminary communications made before
the commencement of a tender offer.
Check
the appropriate boxes below to designate any transactions to which the
statement relates:
x
third-party tender offer subject to Rule 14d-1.
o
issuer
tender offer subject to Rule 13e-4.
o
going-private
transaction subject to Rule 13e-3.
o
amendment
to Schedule 13D under Rule 13d-2.
Check
the following box if the filing is a final amendment reporting the results of
the tender offer:
o
This Amendment No. 1
(this Amendment) amends and supplements the Tender Offer Statement on
Schedule TO (together with any amendments and supplements thereto, the Schedule
TO) filed with the Securities and Exchange Commission (the SEC) on April 21,
2010 by (i) Discus Acquisition Corporation, a Delaware corporation (the Purchaser),
and Hospira, Inc., a Delaware corporation and the corporate parent of the
Purchaser (the Parent). The Schedule TO relates to the offer by the Purchaser
to purchase all of the outstanding shares of common stock, par value $0.001 per
share (the Shares), of Javelin Pharmaceuticals, Inc., a Delaware corporation,
at a purchase price of $2.20 per Share, net to the seller in cash, without
interest and less any required withholding taxes, upon the terms and subject to
the conditions set forth in the Offer to Purchase dated April 21, 2010
(together with any amendments and supplements thereto, the Offer to Purchase)
and in the related Letter of Transmittal, copies of which were filed with the
Schedule TO as Exhibits (a)(1)(A) and (a)(1)(B), respectively. Capitalized
terms used and not defined herein will have the meanings assigned to such terms
in the Offer to Purchase or in the Schedule TO.
Items 4 and 11.
Terms of the
Transaction; Additional Information.
Items 4 and 11(b) of
the Schedule TO, which incorporate by reference the information set forth in the
Offer to Purchase, are hereby amended and supplemented to include the following
information:
Section 1. Terms of the Offer.
The last sentence of the
fourth paragraph of this section on page 10 of the Offer to Purchase is
amended and restated as follows:
Subject to the terms and
conditions set forth in the Merger Agreement and the Offer, the Parent will
cause the Purchaser to, and the Purchaser will, immediately accept for payment
and promptly pay for all Shares validly tendered and not withdrawn during any
such Subsequent Offering Period after any such Shares are tendered during any
such Subsequent Offering Period and in any event in compliance with Rule 14d-11(c) under
the Exchange Act.
Section 2. Acceptance for Payment and Payment for
Shares.
The first paragraph of
this section on pages 11 and 12 of the Offer to Purchase is amended and
restated as follows:
Upon the terms and
subject to the conditions of the Offer (including, if the Offer is extended or
amended, the terms and conditions of any such extension or amendment), the
Purchaser will accept for payment, purchase and promptly pay for all Shares
validly tendered prior to the Expiration Time of the Offer and not validly
withdrawn prior to the Expiration Time. If the Purchaser provides a Subsequent
Offering Period, the Purchaser will immediately accept for payment and promptly
pay for, all validly tendered Shares as they are received during the Subsequent
Offering Period. See Section 1Terms of the Offer.
Item 11.
Additional
Information.
Items 11(a)(2) and
11(a)(3) of the Schedule TO, which incorporate by reference the
information set forth in the section of the Offer to Purchase entitled Certain
Conditions of the Offer are amended and supplemented to include the following
information:
Section 15. Certain Conditions of the Offer.
The following definition
is added at the end of this section on page 59 of the Offer to Purchase:
As used in the
Merger Agreement, Company Material Adverse Effect means an effect, event,
occurrence, development or change (each, an Effect) that, individually or
when taken together with all other Effects, has a material adverse effect on
the business, results of operations or financial condition of the Company and
its subsidiaries, taken as a whole, other than any Effect arising out of or
resulting from:
·
a decrease in the market price of Shares
in and of itself, it being understood that the circumstances underlying such
change may be deemed to constitute, or may be taken into account in determining
whether there has been, a Company Material Adverse Effect;
2
·
changes in conditions in the United
States or global economy or capital or financial markets generally, including
changes in interest or exchange rates (except to the extent that the Company
and its subsidiaries, taken as a whole, are disproportionately adversely
affected relative to other similarly situated companies in the pharmaceutical
or biotechnology industries);
·
changes in general legal, tax,
regulatory, political or business conditions in the countries in which the
Company does business;
·
general market or economic conditions in
the pharmaceutical or biotechnology industries (except to the extent that the
Company and its subsidiaries, taken as a whole, are disproportionately
adversely affected relative to other similarly situated companies in such
industries);
·
changes in generally accepted accounting
principles as applied in the United States;
·
the announcement or pendency of the
transactions contemplated by the Merger Agreement and compliance with the terms
and conditions of the Merger Agreement;
·
acts of war, armed hostilities, sabotage
or terrorism, or any escalation or the significant worsening of any such acts
of war, armed hostilities, sabotage or terrorism threatened or underway as of
the date of the Merger Agreement;
·
earthquakes, hurricanes, floods, or other
natural disasters;
·
the fact, in and of itself (and not the
underlying causes thereof) that the Company or its subsidiaries failed to meet
any projections, forecasts, or revenue or earnings predictions for any period;
·
determinations by the FDA, the Medicines
and Healthcare Products Regulatory Agency or the European Medicines Agency, or
any panel or advisory body empowered or appointed thereby, with respect to any products
or product candidates of persons (other than the Company) similar to or
competitive with products being manufactured, distributed or developed by or on
behalf the Company or Company product candidates or the results of any clinical
trial with respect to any such products or product candidates; or
·
any action taken by the Company at the
request or with the consent of any of the Parent and the Purchaser.
3
SIGNATURE
After due inquiry and to
the best of my knowledge and belief, I certify that the information set forth
in this statement is true, complete and correct.
Date:
April 28, 2010
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HOSPIRA, INC.
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By:
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/s/ Brian J. Smith
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Name: Brian J. Smith
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Title: Senior Vice
President
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DISCUS ACQUISITION CORPORATION
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By:
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/s/ Brian J. Smith
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Name: Brian J. Smith
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Title: Vice President
and Secretary
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4
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