-----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,
VgXYwu9xZSECbvrvqeBNxt03r4nlbuCpOEI8rzBZ36u43n7HFi7RKAUBwPfrMRRC
L8+r3MSFh77v+3hYl5rPgw==
SECURITIES AND EXCHANGE COMMISSION FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE Date of Report (Date of Earliest Event Reported): July 30, 2007 (July 29, 2007) BAUSCH & LOMB INCORPORATED
One Bausch & Lomb Place (585) 338.6000 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Item 8.01 Other Events. On July 29, 2007, Bausch & Lomb Incorporated sent a letter to Advanced Medical Optics, Inc. A copy of the letter is attached hereto as Exhibit 99.1. The letter shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933. Item 9.01 Financial Statements and Exhibits
WASHINGTON, D.C. 20549
SECURITIES EXCHANGE ACT OF 1934
(Exact Name of Registrant as Specified in its Charter)
New York
1-4105
16-0345235
(State or other jurisdiction of
(Commission File
(IRS Employer Identification
incorporation)
Number)
Number)
Rochester, NY, 14604-2701
(Address of principal executive offices)
(Registrant's telephone number, including area code)
x Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Exhibit No.
Description
99.1
Letter to Advanced Medical Optics, Inc., dated July 29, 2007
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunder duly authorized.
BAUSCH & LOMB INCORPORATED |
By: /s/ Robert B. Stiles |
|
Name: Robert B. Stiles |
Title: Senior Vice President & General Counsel |
Date: July 29, 2007 |
EXHIBIT INDEX
Exhibit No. | Description | |
99.1 | Letter to Advanced Medical Optics, Inc., dated July 29, 2007 |
Exhibit 99.1 |
July 29, 2007 |
Mr. James V. Mazzo Chairman, President and Chief Executive Officer Advance Medical Optics 1700 E. St. Andrew Place Santa Ana, California 92705 |
Dear Mr. Mazzo: |
I am writing to express the views of the Special Committee of the Board of Directors, and the Board of Directors, of Bausch & Lomb Incorporated in response to your letter dated July 27, 2007 regarding the proposal by Advanced Medical Optics (AMO) set forth in your letter dated June 29, 2007 (the AMO Proposal).
As you know, during the week of July 9, 2007, after receipt of the letter from ValueAct Capital stating that it owns 8.8 million shares of AMO common stock, representing 14.7% of the outstanding AMO shares, and expressing ValueActs intention to vote against the AMO Proposal, the Special Committees advisors requested that AMO arrange for them to have access to AMOs largest stockholders in order to permit such advisors to evaluate the likelihood of such holders voting in favor of the AMO Proposal. The Special Committees advisors stated that they were prepared to have representatives of the Special Committee meet with AMOs stockholders together with AMOs representatives and that AMO could provide projected standalone and pro forma financial information to such stockholders to assist them in evaluating the transaction contemplated by the AMO Proposal, assuming such information was simultaneously file d with the SEC. AMO did not respond to that request.
It is Bausch & Lombs view that AMO did not then and does not now need a waiver under the Confidentiality Agreement between AMO and Bausch & Lomb dated May 28, 2007 (the Confidentiality Agreement) to discuss with AMOs stockholders the terms and conditions of the AMO Proposal that have been publicly available since July 5, 2007, and publicly available in greater detail since the Bausch & Lomb preliminary proxy statement was filed on July 10, 2007.
In the absence of a response from AMO to the Special Committees request that AMO arrange access to certain of its stockholders referred to above, representatives of the Special Committee spoke with representatives of certain of AMOs largest stockholders (based on their latest SEC filings reporting ownership) in an effort to understand whether those holders were likely to vote in favor of the transaction contemplated by the AMO Proposal. No votes were solicited nor was any nonpublic information provided or discussed. Based upon those discussions, we believe there is substantial uncertainty with respect to AMOs ability to secure AMO stockholder approval.
However, in order to permit AMO to attempt to provide concrete credible evidence that AMO stockholder approval can be secured, Bausch & Lomb hereby grants a limited waiver solely under paragraph numbered 3 of the Confidentiality Agreement, to the extent such a waiver is necessary, as we were prepared to do more than two weeks ago, for AMO to provide the information set forth in your letter dated July 27, 2007 to certain of AMOs stockholders, so long as AMO files all of such information simultaneously with the SEC and no other non-public information is provided, orally or otherwise. The limited waiver does not permit AMO to provide any non-public information concerning Bausch & Lomb. We note that Bausch & Lombs five year forecast is summarized in the preliminary proxy statement and therefore is public, to the extent set forth therein. We note further that to the extent Bausch & Lomb is require d to summarize information concerning projected pro forma information provided to Bausch & Lomb by AMO in the proxy statement relating to the merger with Warburg Pincus, such information will also be public, to the extent set forth therein. For the avoidance of doubt, the waiver granted is limited to paragraph numbered 3 of the Confidentiality Agreement as set forth above, and does not apply to any other provision thereof including, without limitation, paragraph numbered 4 thereof.
I am informed that the preliminary proxy statement relating to the Warburg Pincus merger will be refiled early this week, with an anticipated mailing shortly thereafter. We therefore request that you provide concrete, credible evidence of AMOs ability to secure AMO stockholder approval no later than 12:00 p.m., on Friday, August 3, 2007. In our view, concrete, credible evidence means, at a minimum, direct confirmation to representatives of the Special Committee by AMOs stockholders holding sufficient AMO shares to approve the transaction contemplated by the AMO Proposal. We reserve the right to evaluate such evidence according to such criteria as we deem appropriate.
With respect to the other points in your letter: |
Please note that your July 27, 2007 letter does not respond to our request in our July 24, 2007 letter that you address the other concerns regarding value and certainty of consummation we have identified in my letters on behalf of the Special Committee dated July 3, 2007 and July 18, 2007. Without the requisite assurances as to value and certainty, including as to your ability to secure AMO stockholder approval, the Special Committee and the Board of Directors intend to revoke AMOs designation as an Excluded Party under the Warburg Pincus merger agreement, and reserve the right to do so at any time.
The Board of Directors of Bausch & Lomb Incorporated continues to recommend the pending merger of Bausch & Lomb with affiliates of Warburg Pincus pursuant to the Warburg Pincus merger agreement.
On behalf of the Special Committee of the Board of Directors, and the Board of Directors, of Bausch & Lomb Incorporated,
/s/ William H. Waltrip William H. Waltrip Chairman, Special Committee |