-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, E/69xDuAy07W8nz3Q5OxzzHbHyknYfVBgxua07CjE+OEaD8jMJjbiD6l+s9ztbfV 5M13mmOI9R30n0QT7d4yXA== 0000893220-02-001293.txt : 20021029 0000893220-02-001293.hdr.sgml : 20021029 20021029121647 ACCESSION NUMBER: 0000893220-02-001293 CONFORMED SUBMISSION TYPE: SC 14D9/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20021029 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NCS HEALTHCARE INC CENTRAL INDEX KEY: 0001004990 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DRUG STORES AND PROPRIETARY STORES [5912] IRS NUMBER: 341816187 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 14D9/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-47039 FILM NUMBER: 02800906 BUSINESS ADDRESS: STREET 1: 3201 ENTERPRISE PKWY STREET 2: STE 2200 CITY: BEACHWOOD STATE: OH ZIP: 44122 BUSINESS PHONE: 2165143350 MAIL ADDRESS: STREET 1: 1400 MCDONALD INVESTMENT CENTER STREET 2: 800 SUPERIOR AVE CITY: CLEVELAND STATE: OH ZIP: 44114 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NCS HEALTHCARE INC CENTRAL INDEX KEY: 0001004990 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DRUG STORES AND PROPRIETARY STORES [5912] IRS NUMBER: 341816187 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 14D9/A BUSINESS ADDRESS: STREET 1: 3201 ENTERPRISE PKWY STREET 2: STE 2200 CITY: BEACHWOOD STATE: OH ZIP: 44122 BUSINESS PHONE: 2165143350 MAIL ADDRESS: STREET 1: 1400 MCDONALD INVESTMENT CENTER STREET 2: 800 SUPERIOR AVE CITY: CLEVELAND STATE: OH ZIP: 44114 SC 14D9/A 1 w63396b7sc14d9za.txt AMENDMENT NO. 7 TO SCHEDULE 14D-9 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14D-9 (AMENDMENT NO. 7) SOLICITATION/RECOMMENDATION STATEMENT UNDER SECTION 14(d)(4) OF THE SECURITIES EXCHANGE ACT OF 1934 NCS HEALTHCARE, INC. (Name of Subject Company) NCS HEALTHCARE, INC. (Name of Person Filing Statement) CLASS A COMMON STOCK, PAR VALUE $0.01 PER SHARE (Title of Class of Securities) 62887410 (CUSIP Number of Class A Common Stock) CLASS B COMMON STOCK, PAR VALUE $0.01 PER SHARE (Title of Class of Securities) NOT APPLICABLE (CUSIP Number of Class B Common Stock) MARY BETH LEVINE, ESQ. SENIOR VICE PRESIDENT AND CORPORATE COUNSEL NCS HEALTHCARE, INC. 3201 ENTERPRISE PARKWAY, SUITE 220 BEACHWOOD, OHIO 44122 (216) 514-3350 (Name, Address and Telephone Number of Person Authorized to Receive Notice and Communications on Behalf of the Person Filing Statement) WITH COPIES TO: H. JEFFREY SCHWARTZ, ESQ. MEGAN LUM MEHALKO, ESQ. BENESCH, FRIEDLANDER, COPLAN & ARONOFF LLP 2300 BP TOWER, 200 PUBLIC SQUARE CLEVELAND, OHIO 44114 (216) 363-4500 ROBERT B. PINCUS, ESQ. SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP ONE RODNEY SQUARE WILMINGTON, DELAWARE 19801 (302) 651-3000 [ ] Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. This Amendment No. 7 to Schedule 14D-9 amends and supplements the Solicitation/Recommendation Statement on Schedule 14D-9 originally filed by NCS Health Care, Inc. (the "Company" or "NCS") on August 20, 2002 and amended on August 21, 2002, August 22, 2002, September 12, 2002, September 30, 2002, October 8, 2002 and October 22, 2002 relating to the tender offer by NCS Acquisition Corp. (the "Offeror"), a Delaware corporation and a wholly owned subsidiary of Omnicare, Inc., a Delaware corporation ("Omnicare"), for all of the outstanding shares of Class A Common Stock, par value $0.01 per share, of NCS and Class B Common Stock, par value $0.01 per share, of NCS, at a price of $3.50 per share, net to the seller in cash (the "Offer"). Except as otherwise indicated, the information set forth in the original Schedule 14D-9 and Amendments No. 1, No. 2, No. 3, No. 4, No. 5 and No. 6 thereto remains unchanged. ITEM 8. ADDITIONAL INFORMATION (b) LEGAL MATTERS Item 8(b) of the Schedule 14D-9 is hereby amended to add the following at the end thereof: On October 24, 2002, the Court of Chancery of the State of Delaware heard oral argument in the Delaware Lawsuit on the motions for summary judgment brought by Omnicare and the stockholder plaintiffs and the motions to dismiss brought by the Company and Genesis. On October 25, 2002, the Court issued a memorandum opinion on the motions to dismiss. The Court dismissed Counts II through V of Omnicare's Second Amended Complaint, which alleged breach of fiduciary duties by the Company's Board of Directors, due to Omnicare's lack of standing. The Court found Omnicare lacked standing to bring these fiduciary duty claims because it did not purchase the Company's stock until after the alleged breaches of fiduciary duty occurred. The Court refused to dismiss Count I of the Amended Complaint, which alleged that the Voting Agreements entered into by Messrs. Outcalt and Shaw resulted in automatic conversion of the Class B shares subject to such agreements into Class A shares, finding that Omnicare had standing as a bidder to bring this claim. The Court has not yet issued a decision on the motions for summary judgment on Count I. The Court's decision has no effect on the alleged breach of fiduciary duty claims brought by stockholder plaintiffs. The foregoing paragraph includes a summary of the memorandum opinion, and is qualified in its entirety by the full text of the memorandum opinion, a copy of which is filed as Exhibit 99.10 hereto, and is incorporated herein by reference. ITEM 9. EXHIBITS Item 9 of the Schedule 14D-9 is hereby supplemented by adding the following additional exhibits:
EXHIBIT NO. - ----------- Exhibit 99.10 Memorandum Opinion and Order, issued on October 25, 2002. (Incorporated herein by reference to Exhibit (a)(1)(II) to Amendment No. 22 to Omnicare's Tender Offer Statement on Schedule TO/A, filed on October 28, 2002.) Exhibit 99.11 Press Release issued by the Company on October 29, 2002.*
- --------- * Filed herewith. 2 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. NCS HEALTHCARE, INC. By: /s/ Kevin B. Shaw ------------------------------------ Kevin B. Shaw President and Chief Executive Officer Dated: October 28, 2002
EX-99.11 3 w63396b7exv99w11.txt PRESS RELEASE Exhibit 99.11 FOR IMMEDIATE RELEASE Contact: Gerald D. Stethem Senior Vice President & Chief Financial Officer NCS HealthCare, Inc. 216-378-6808 NCS HEALTHCARE ANNOUNCES COURT DECISION Beachwood, Ohio - (October 29, 2002) On October 25, 2002, the Court of Chancery of the State of Delaware issued a memorandum opinion on the motions brought by NCS HealthCare, Inc. (NCSS.OB) and Genesis Health Ventures, Inc. (NASDAQ:GHVI) to dismiss the complaint filed on August 1, 2002 by Omnicare, Inc. (NYSE:OCR) against NCS HealthCare in connection with its merger agreement with Genesis. The Court dismissed Counts II through V of Omnicare's complaint, which alleged breach of fiduciary duties by NCS' Board of Directors in connection with their approval of the Genesis merger agreement, due to Omnicare's lack of standing. The Court found that Omnicare lacked standing to bring these fiduciary duty claims because it did not purchase NCS' stock until after the NCS Board of Directors approved the Genesis merger. The Court did not dismiss Count I of Omnicare's complaint, which alleged that the voting agreements entered into by Messrs. Outcalt and Shaw to vote their shares in favor of the Genesis merger agreement resulted in automatic conversion of their ten-votes per share Class B shares into one-vote per share Class A shares, finding that Omnicare had standing as a bidder to bring this claim. The Court's decision has no effect on the alleged breach of fiduciary duty claims brought against NCS by other stockholders of NCS. * * * * * NCS HealthCare, Inc. is a leading provider of pharmaceutical and related services to long-term care facilities, including skilled nursing centers, assisted living facilities and hospitals. NCS serves approximately 201,000 residents of long-term care facilities in 33 states and manages hospital pharmacies in 10 states. In connection with the upcoming special meeting of stockholders relating to NCS' proposed merger with Genesis Health Ventures, Inc. and a pending tender offer from Omnicare, Inc., NCS HealthCare, Inc. has filed certain materials with the Securities and Exchange Commission, including a preliminary proxy statement and a Solicitation/Recommendation Statement on Schedule 14D-9. SECURITY HOLDERS ARE URGED TO READ THESE MATERIALS BECAUSE THEY CONTAIN IMPORTANT INFORMATION. Investors and security holders may obtain a free copy of these materials, as well as other materials filed with the Securities and Exchange Commission concerning NCS HealthCare, Inc., at the Securities and Exchange Commission's website at http://www.sec.gov. In addition, these materials and other documents may be obtained for free from NCS HealthCare, Inc. by directing a request to NCS HealthCare, Inc. at 3201 Enterprise Parkway, Suite 220, Beachwood, Ohio 44122; Attn: Investor Relations. NCS HealthCare, Inc. and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the Company's stockholders with respect to the special meeting described above. Information concerning such participants is contained in NCS HealthCare's preliminary proxy statement relating to the proposed merger with Genesis Health Ventures, Inc.
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