Additional Proxy Soliciting Materials (definitive) (defa14a)
March 23 2016 - 3:06PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
Filed by the
Registrant
x
Filed by a party other than the Registrant
¨
Check the appropriate box:
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¨
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Preliminary Proxy Statement
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¨
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
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¨
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Definitive Proxy Statement
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x
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Definitive Additional Materials
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Soliciting Material Pursuant to §240.14a-12
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Affymetrix, Inc.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if Other Than The Registrant)
Payment of Filing Fee (Check the appropriate box):
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x
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No fee required.
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¨
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Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
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(1)
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Title of each class of securities to which transaction applies:
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(2)
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Aggregate number of securities to which transaction applies:
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(3)
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Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing
fee is calculated and state how it was determined):
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(4)
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Proposed maximum aggregate value of transaction:
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(5)
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Total fee paid:
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¨
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Fee paid previously with preliminary materials.
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¨
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
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(1)
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Amount Previously Paid:
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(2)
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Form, Schedule or Registration Statement No.:
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(3)
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Filing party:
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(4)
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Date Filed:
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2
Memorandum
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DATE:
TO:
FROM:
SUBJECT:
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March 23, 2016
All Affymetrix Employees
Frank Witney
Acquisition Update
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Affymetrix, Inc.
3420 Central
Expressway
Santa Clara, CA 95051
www.affymetrix.com
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Dear Global Affymetrix team,
As you may have seen in our most
recent press release, our Board of Directors has adjourned the Special Meeting of Stockholders scheduled for March 24, 2016 to March 31, 2016.
Our Board is focused on complying with its fiduciary duties and the terms of the merger agreement with Thermo Fisher. Our Board continues to recommend to
our stockholders the adoption of the merger agreement with Thermo Fisher, and as such, integration planning with Thermo Fisher shall continue as scheduled.
Enclosed is a set of Employee FAQs to answer a few top-of-mind questions. Please do not respond to any outside inquiries related to the transaction, and all
such inquiries should be directed to Doug Farrell. In the meantime, please stay focused on your goals and, as required, any integration planning in which you may be involved.
Thanks, as always, for all your contributions to Affymetrix.
Sincerely,
Frank Witney
President & Chief Executive Officer
Employees Frequently Asked Questions (FAQs)
Affymetrix Announcement on March 23, 2016
1. What did we announce?
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Affymetrix announced that its board of directors, after consultation with its legal and financial advisors, has determined that the new unsolicited merger proposal from Origin Technologies Corporation, LLC to acquire
Affymetrix for $17.00 per share in cash could reasonably be expected to lead to a superior proposal as defined in the Companys merger agreement with Thermo Fisher Scientific.
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Failure of the Companys board to engage with Origin on its merger proposal could reasonably be expected to be inconsistent with the Boards duties under Delaware law.
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Affymetrixs Special Meeting of Stockholders scheduled for March 24, 2016, to consider approval of the merger agreement with Thermo Fisher and related matters, will be convened and immediately adjourned
without a vote on any proposal and will reconvene on March 31, 2016.
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2. Does this mean we will be purchased by Origin instead of by
Thermo Fisher?
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No, all we announced today is that our board believes the new proposal from Origin could reasonably be expected to lead to a superior proposal, which has a specific legal meaning defined in the Thermo Fisher
merger agreement.
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The boards determination allows Affymetrix to take certain actions, including engaging in discussions with Origin, while the Thermo Fisher merger agreement remains in effect.
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In order for Affymetrix to enter into a definitive agreement with Origin, the Companys board of directors would need to determine that such an agreement is in fact a superior proposal.
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3. What is the board recommending at this time to its stockholders?
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Our board continues to recommend that its stockholders vote in favor of the adoption of the merger agreement with Thermo Fisher.
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4. Does the Thermo Fisher merger agreement remain in effect given that the board has determined the Origin offer could reasonably be expected to lead to a
superior proposal?
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Yes, the merger agreement with Thermo Fisher remains in effect, integration planning continues, and our board continues to recommend that its stockholders vote in favor of the adoption of the merger agreement with
Thermo Fisher.
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5. What would being acquired by Origin mean for Affymetrixs employees? How would it differ from being acquired by
Thermo Fisher?
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The merger agreement with Thermo Fisher remains in effect, and our board continues to recommend that its stockholders vote in favor of the adoption of the merger agreement with Thermo Fisher.
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It would not be appropriate to speculate at this time.
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We do not know whether or not any transaction with Origin will ultimately result.
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Any decision regarding a potential transaction with Origin will be made by the board after continued careful consideration and in consultation with its legal and financial advisors.
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6. When will discussions with Origin begin and how long do you expect the process will take?
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From now until the Special Meeting of Stockholders reconvenes on March 31, 2016, the board and its advisors will seek to conduct the process in an expedient manner. We will continue to provide updates through our
press releases and filings with the U.S. Securities and Exchange Commission. You can view our SEC filings by visiting the SECs website at http://www.sec.gov (click on the blue Search EDGAR box and enter AFFX in the
Fast Search box).
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7. What will Thermo Fisher do next? Do you think Thermo Fisher will improve its offer?
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It would not be appropriate to speculate at this time.
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It is important to note that our merger agreement with Thermo Fisher remains in effect, and our board continues to recommend that its stockholders vote in favor of the adoption of the merger agreement with Thermo
Fisher.
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8. What do I do if Im contacted by a member of the press about the transaction?
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As is very typical in these situations, you may receive inquiries from external parties. It is important that we speak with one voice. Please forward any outside inquiries to Doug Farrell at
douglas_farrell@affymetrix.com.
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9. What are the boards and managements primary messages for employees to take away in the
context of these actions and related news events?
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Although these events can be disruptive, we all need to continue focusing on our jobs and upholding our strong commitment to delivering high value to our customers.
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Any decision regarding a potential transaction with Origin will be made by the board after continued careful consideration.
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We will continue to keep employees and Affymetrix other stakeholders informed throughout the process through the Companys press releases and SEC filings.
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Important Information for Affymetrix Stockholders
In
connection with the proposed merger, Affymetrix has filed a proxy statement with the Securities and Exchange Commission (the SEC). STOCKHOLDERS ARE ADVISED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO)
FILED WITH THE SEC ON FEBRUARY 24, 2016 BECAUSE IT CONTAINS IMPORTANT INFORMATION. Stockholders may obtain a free copy of the proxy statement and any other relevant documents filed with the SEC from the SECs website
at
http://www.sec.gov.
In addition, stockholders will be able to obtain, without charge, a copy of the proxy statement and other relevant documents at Affymetrix website at investor.Affymetrix.com or by contacting Affymetrix
investor relations department via e-mail at
investor@affymetrix.com.
Affymetrix and its directors, executive officers and other
members of its management and employees as well as Thermo Fisher and its directors and executive officers may be deemed to be participants in the solicitation of proxies from Affymetrix stockholders with respect to the merger. Information
about Affymetrix directors and executive officers and their ownership of Affymetrix common stock is set forth in the proxy statement for Affymetrix 2016 Special Meeting of Stockholders, Affymetrix Annual Report on
Form 10-K
for the fiscal year ended December 31, 2015 and proxy statement for Affymetrix 2015 Annual Meeting of Stockholders. Information about Thermo Fishers directors and executive officers
is set forth in the proxy statement for Thermo Fishers 2015 Annual Meeting of Stockholders. Stockholders may obtain additional information regarding the direct and indirect interests of the participants in the solicitation of proxies in
connection with the merger, including the interests of Affymetrix directors and executive officers in the merger, which may be different than those of Affymetrix stockholders generally, by reading the proxy statement and other relevant
documents regarding the merger, which have been filed with the SEC.
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