-----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, FQYrsojqQ6XNBJbtFH/pVUJ2Yxm3irltP+QfSypAxlpSABULoqkmR6MBw/acdOrS i9LUgGpTzA8+hI1diNlNpQ== 0001047469-05-027111.txt : 20051116 0001047469-05-027111.hdr.sgml : 20051116 20051116160225 ACCESSION NUMBER: 0001047469-05-027111 CONFORMED SUBMISSION TYPE: SC TO-T/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20051116 DATE AS OF CHANGE: 20051116 GROUP MEMBERS: APOLLO MERGER CORP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ADVANCED NEUROMODULATION SYSTEMS INC CENTRAL INDEX KEY: 0000351721 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 751646002 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-T/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-33902 FILM NUMBER: 051209970 BUSINESS ADDRESS: STREET 1: 6901 PRESTON RD. CITY: PLANO STATE: TX ZIP: 75024 BUSINESS PHONE: 9723098000 MAIL ADDRESS: STREET 1: 6901 PRESTON RD. CITY: PLANO STATE: TX ZIP: 75024 FORMER COMPANY: FORMER CONFORMED NAME: QUEST MEDICAL INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ST JUDE MEDICAL INC CENTRAL INDEX KEY: 0000203077 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 411276891 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-T/A BUSINESS ADDRESS: STREET 1: ONE LILLEHEI PLAZA CITY: ST PAUL STATE: MN ZIP: 55117 BUSINESS PHONE: 6514832000 MAIL ADDRESS: STREET 1: ONE LILLEHEI PLAZA CITY: ST PAUL STATE: MN ZIP: 55117 SC TO-T/A 1 a2164793zscto-ta.htm SC TO-T/A
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

SCHEDULE TO/A
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 4)

ADVANCED NEUROMODULATION SYSTEMS, INC.
(Name of Subject Company (Issuer))

APOLLO MERGER CORP.
a wholly-owned subsidiary of
ST. JUDE MEDICAL, INC.
(Name of Filing Persons (Offerors))

COMMON STOCK, $0.05 PAR VALUE PER SHARE
(Title of Class of Securities)

00757T101
(CUSIP Number of Class of Securities)

KEVIN T. O'MALLEY
ST. JUDE MEDICAL, INC.
GENERAL COUNSEL
ONE LILLEHEI PLAZA
ST. PAUL, MINNESOTA 55117
(651) 483-2000
(Name, address, and telephone number of person
authorized to receive notices and communications on behalf of filing persons)

With Copies to:
JOSEPH BARBEAU
GIBSON, DUNN & CRUTCHER LLP
1881 PAGE MILL ROAD
PALO ALTO, CALIFORNIA 94304-1125
(213) 229-7000
and
JAMES J. MOLONEY
GIBSON, DUNN & CRUTCHER LLP
4 PARK PLAZA
IRVINE, CALIFORNIA 92614-8557
(949) 451-3800

        Check the appropriate boxes to designate any transactions to which this statement relates:

        ý  third party tender offer subject to Rule 14d-l

        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



Amendment No. 4 to Schedule TO

        This Amendment No. 4 (this "Amendment") further amends and supplements the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission on October 18, 2005, as amended on October 19, 2005, November 4, 2005 and November 14, 2005 (the "Schedule TO"), relating to the third-party tender offer by Apollo Merger Corp., a Texas corporation (the "Purchaser") and a wholly-owned subsidiary of St. Jude Medical, Inc., a Minnesota corporation ("Parent"), to purchase all of the issued and outstanding shares of common stock of Advanced Neuromodulation Systems, Inc., a Texas corporation (the "Company"), par value $0.05 per share (together with the associated rights issued pursuant to the Rights Agreement dated August 30, 1996 between Quest Medical, Inc. and KeyCorp Shareholder Services, Inc., as rights agent, as amended by the Amendment to Rights Agreement dated January 25, 2002 between the Company and Computershare Investor Services LLC and Amendment No. 2 to Rights Agreement dated October 14, 2005 between the Company and Computershare Investor Services LLC (as so amended, the "Rights Plan")) (the "Shares"), at a purchase price of $61.25 per share, net to the seller in cash, without interest thereon, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated October 18, 2005 (the "Offer to Purchase") and in the related Letter of Transmittal (the "Letter of Transmittal"), copies of which were filed as Exhibits (a)(1)(A) and (a)(1)(B) to the Schedule TO (which, together with any amendments or supplements thereto, collectively constitute the "Offer"). This Amendment is being filed on behalf of Purchaser and Parent. Capitalized terms used and not defined in this Amendment have the meanings specified in the Offer to Purchase or the Schedule TO.

Item 8. Interest in Securities of the Subject Company.

Item 11. Additional Information.

        Items 8 and 11 of the Schedule TO are hereby amended and supplemented by including the following:

        At 12:00 midnight, New York City time, on Tuesday, November 15, 2005, the Offer expired. Based on information provided by the Depositary, as of the expiration of the Offer, 15,769,679 Shares of ANS common stock were validly tendered and not properly withdrawn, representing approximately 77.81% of the outstanding Shares. In addition, approximately 2,257,821 Shares were tendered subject to notices of guaranteed delivery prior to the expiration of the Offer, representing approximately 11.14% of the outstanding Shares. All such Shares have been accepted for purchase in accordance with the terms of the Offer and payment for the validly tendered Shares will be made promptly.

        Upon the terms and subject to the conditions of the Merger Agreement, Purchaser commenced a subsequent offering period in connection with the Offer, at 9:00 a.m., New York City time, on Wednesday, November 16, 2005. The subsequent offering period will expire at 12:00 midnight, New York City time, on Friday, November 18, 2005, unless extended. Any such extension will be followed as promptly as practicable by public announcement, which will be issued no later than 9:00 a.m., New York City time, on the next business day after the subsequent offering period was scheduled to expire. Shares properly tendered during this subsequent offering period will be accepted as they are tendered and paid for promptly as they are accepted. Shareholders who validly tender during this subsequent offering period will receive the same $61.25 per share cash consideration that is payable to shareholders who validly tendered during the initial offering period. Procedures for tendering Shares during the subsequent offering period are the same as during the initial offering period with the exception that pursuant to Rule 14d-7(a)(2) under the Securities Exchange Act of 1934, as amended, Shares tendered during the subsequent offering period may not be withdrawn.

        A copy of the press release issued by Parent regarding the above is attached hereto as Exhibit (a)(5)(F) and the information in the press release is incorporated herein by reference.

Item 12.    Exhibits

(a)(5)(F)    Press Release issued by Parent on November 16, 2005.

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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.


 

 

 

 

 

 

 

Apollo Merger Corp.

 

 

 

 

 

 

 

By:

 

/s/  
KEVIN T. O'MALLEY      
Name: Kevin T. O'Malley
Title: Vice President and Secretary

 

 

 

 

 

 

 

St. Jude Medical, Inc.

 

 

 

 

 

 

 

By:

 

/s/  
KEVIN T. O'MALLEY      
Name: Kevin T. O'Malley
Title: Vice President and General Counsel

 

 

 

 

 

 

 

 

 

 
Dated: November 16, 2005        

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EXHIBIT INDEX

Exhibit Number
  Description
(a)(1)(A)   Offer to Purchase, dated October 18, 2005.*

(a)(1)(B)

 

Form of Letter of Transmittal.*

(a)(1)(C)

 

Form of Notice of Guaranteed Delivery.*

(a)(1)(D)

 

Form of Letter to Brokers, Dealers, Commercial Banks, Trust Companies and other Nominees.*

(a)(1)(E)

 

Form of Letter to Clients for use by Brokers, Dealers, Commercial Banks, Trust Companies and other Nominees.*

(a)(1)(F)

 

Summary Advertisement as published in
The Wall Street Journal on October 18, 2005.*

(a)(1)(G)

 

Transcript of Earnings Release Conference Call on October 17, 2005.*

(a)(5)(A)

 

Joint Press Release issued on October 16, 2005 (incorporated by reference from Exhibit 99.1 of the Parent's Current Report on Form 8-K filed on October 17, 2005).*

(a)(5)(B)

 

Press Release issued by Parent on October 17, 2005 (incorporated by reference from Exhibit 99.1 of the Parent's Current Report on Form 8-K filed on October 17, 2005).*

(a)(5)(C)

 

Press Release issued by Parent on October 18, 2005.*

(a)(5)(D)

 

Press Release issued by Parent on November 4, 2005.*

(a)(5)(E)

 

Press Release issued by Parent on November 11, 2005.*

(a)(5)(F)

 

Press Release issued by Parent on November 16, 2005.†

(d)(1)

 

Agreement and Plan of Merger, dated as of October 15, 2005, by and among St. Jude Medical, Inc., Apollo Merger Corp. and Advanced Neuromodulation Systems, Inc.*

(d)(2)

 

Confidentiality Agreement, dated as of July 28, 2005, by and between Advanced Neuromodulation Systems, Inc. and St. Jude Medical, Inc.*

*
Previously filed.

Filed herewith.

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Amendment No. 4 to Schedule TO
Signature
EXHIBIT INDEX
EX-99.(A)(5)(F) 2 a2165219zex-99_a5f.htm EXHIBIT 99.(A)(5)(F)

Exhibit (a)(5)(F)

         News Release...

            St. Jude Medical
One Lillehei Plaza
St. Paul, Minnesota 55117
(651) 483.2000
www.sjm.com
Contacts   Laura Merriam
Investor Relations
(651) 766-3029
  Angela Craig
Media Relations
(651) 481-7789
   

St. Jude Medical Acquires Approximately 89% Of Advanced Neuromodulation Systems;
Announces Subsequent Offering Period

ST. PAUL, MN, November 16, 2005—St. Jude Medical, Inc. (NYSE:STJ) announced today that the tender offer for all of the outstanding shares of common stock of Advanced Neuromodulation Systems, Inc. (NASDAQ:ANSI) expired at midnight, Eastern Time, Tuesday, November 15, 2005. St. Jude Medical has accepted for purchase and payment all of the shares that were validly tendered as of the expiration of the offer. The preliminary results of the offer show that approximately 15,769,679 shares of ANS common stock were validly tendered and not properly withdrawn as of the expiration date, satisfying the minimum condition for the tender offer. Such tendered shares, together with approximately 2,257,821 shares subject to notices of guaranteed delivery (for a total of approximately 18,027,500 ANS shares), represent approximately 89% of ANS's outstanding shares.

As described in the Offer to Purchase, St. Jude Medical and ANS are providing for a subsequent offering period which begins today at 9:00 a.m., Eastern Time, and expires at midnight, Eastern Time, on Friday, November 18, 2005. During this subsequent offering period, shares of ANS common stock will be accepted and promptly paid for as they are tendered. The same per share consideration paid during the initial offering period, $61.25 net per share in cash, will be paid during the subsequent offering period. Shares of ANS common stock tendered during the subsequent offering period may not be withdrawn.

MacKenzie Partners, Inc. is acting as information agent in connection with the tender offer and can be contacted at (800) 322-2885 (toll free) or (212) 929-5500 (collect). The Dealer Manager for the tender offer is Banc of America Securities LLC.

About St. Jude Medical
St. Jude Medical, Inc. (www.sjm.com) is dedicated to the design, manufacture and distribution of innovative medical devices of the highest quality, offering physicians, patients and payers outstanding clinical performance and demonstrated economic value.

About ANS
ANS (www.ANS-medical.com) designs, develops, manufacturers and markets implantable systems used to manage chronic intractable pain and other disorders of the central nervous system.

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Forward-Looking Statements
Any statements made regarding the proposed transaction between St. Jude Medical, Inc. and Advanced Neuromodulation Systems, Inc., the expected timetable for completing the transaction, successful integration of the business, benefits of the transaction, potential clinical success, regulatory approvals, anticipated future product launches, revenues, earnings, expected repayment of debt, market shares, market growth, market segment growth, new indications, and any other statements regarding St. Jude Medical's or ANS's future expectations, beliefs, goals or prospects are forward-looking statements which are subject to risks and uncertainties, such as those described under or incorporated by reference in the Cautionary Statements section in Item 2 of St. Jude Medical's Quarterly Report on Form 10-Q filed on November 8, 2005 (see page 35), and in Item 8.01 of ANS's Current Report on Form 8-K filed on October 17, 2005, and in the Outlook and Uncertainties section in ANS's Quarterly Report on Form 10-Q for the quarter ended September 30, 2005 (see page 26), and ANS's Annual Report on Form 10-K for the year ended December 31, 2004 (see page 26). Actual results may differ materially from anticipated results.

Additional Information
This announcement is neither an offer to purchase nor a solicitation of an offer to sell shares of ANS. St. Jude Medical has filed a tender offer statement with the Securities and Exchange Commission (SEC) and ANS has filed a solicitation/recommendation statement with respect to the offer. ANS shareholders are advised to read the tender offer statement regarding the acquisition of ANS referenced in this news release, and the related solicitation/recommendation statement. The tender offer statement and the solicitation/recommendation statement contain important information that should be read carefully before any decision is made with respect the offer. These documents are available at no charge on the SEC's web site at www.sec.gov. Shareholders may also obtain copies of these documents without charge by requesting them from MacKenzie Partners, Inc., (800) 322-2885 (toll free) or (212) 929-5500 (collect), the Information Agent for the tender offer.

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