-----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, HX4pZQ94fBJz+iHvv0V2tgJgS0fwlfqm3sk9SE77GRd2PqaMUcSh7iElOGeRkr5C PocFsHuDMDS77MKImxJcyw== 0000217028-95-000032.txt : 19951103 0000217028-95-000032.hdr.sgml : 19951103 ACCESSION NUMBER: 0000217028-95-000032 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19951018 ITEM INFORMATION: Other events FILED AS OF DATE: 19951102 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: RHONE POULENC RORER INC CENTRAL INDEX KEY: 0000217028 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 231699163 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05851 FILM NUMBER: 95586842 BUSINESS ADDRESS: STREET 1: 500 ARCOLA RD STREET 2: P O BOX 1200 M/S 5B14 CITY: COLLEGEVILLE STATE: PA ZIP: 19426-0107 BUSINESS PHONE: 6104548000 FORMER COMPANY: FORMER CONFORMED NAME: RORER GROUP INC DATE OF NAME CHANGE: 19900731 FORMER COMPANY: FORMER CONFORMED NAME: RORER AMCHEM INC DATE OF NAME CHANGE: 19770604 8-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) October 18, 1995 - -------------------------------------------------------------------- Rhone-Poulenc Rorer Inc. - -------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Pennsylvania 1-5851 23-1699163 - -------------------------------------------------------------------- (State or other juris- (Commission (IRS Employer diction of incorporation) File Number) Identification No.) 500 Arcola Road, Collegeville, PA 19426 - -------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (610)454-8000 ------------- - -------------------------------------------------------------------- (Former name or former address, if changed since last report) Item 5. Other Events ------------ On October 18, 1995, Rhone-Poulenc Rorer Inc. ("RPR") and Applied Immune Sciences, Inc. ("AIS"), a Delaware corporation, issued a joint press release, a copy of which is attached as an exhibit hereto, announcing that RPR, AIS and GCT Acquisition, Inc. ("GCT"), an indirect wholly-owned subsidiary of RPR, entered into a definitive agreement and plan of merger (the "Merger Agreement"). Pursuant to the Merger Agreement, GCT made a tender offer (the "Offer") to purchase all of the outstanding shares of common stock, par value $0.01, of AIS not beneficially owned by RPR or any direct or indirect subsidiary of RPR (the "Shares"), at a price of $11.75 per Share. Consummation of the Offer is conditioned upon, among other things, the valid tender of a majority of the Shares. As soon as practicable after the completion of the Offer, GCT will be merged with and into AIS in accordance with the General Corporation Law of the State of Delaware. Completion of the merger is subject to the consummation of the Offer and the absence of any legal prohibitions. Subject to the foregoing, the transaction is expected to be completed by the end of 1995. Item 7. Exhibits -------- (c) Exhibit 20(a) - Rhone-Poulenc Rorer Inc. and Applied Immune Sciences, Inc. press release dated October 18, 1995. 2 SIGNATURES ---------- Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. RHONE-POULENC RORER INC. --------------------------------- (registrant) Dated: November 2, 1995 By: /s/ Thomas F. Crawford ---------------------------------- Thomas F. Crawford Vice President and Corporate Controller 3 EXHIBIT INDEX ------------- 20(a) Rhone-Poulenc Rorer Inc. and Applied Immune Sciences, Inc. press release dated October 18, 1995. 4 EX-20 2 FOR IMMEDIATE RELEASE Becoming the Best ------------------ Jackie Cossmon Bob Pearson Applied Immune Sciences, Inc. RPR Gencell (408) 980-5804 (610) 454-3872 Noonan/Russo Communications (212) 696-4455 Anthony J. Russo, Ph.D., ext. 202 Kathryn Metcalfe, ext. 206 RHONE-POULENC RORER AND APPLIED IMMUNE SCIENCES ENTER INTO CASH MERGER AGREEMENT AT $11.75 PER SHARE Santa Clara, CA and Collegeville, PA, USA, October 18, 1995 -- Rhone-Poulenc Rorer Inc. (NYSE:RPR) and Applied Immune Sciences, Inc. (Nasdaq: AISX) announced today that they have entered into a definitive agreement and plan of merger providing for the acquisition by RPR of AIS at a price of $11.75 per share in cash, or approximately $84.4 million for the approximately 7.2 million AIS shares not held by RPR. Under the terms of the agreement, RPR through a wholly owned subsidiary, will make a cash tender offer for all of AIS' outstanding common stock. The merger agreement contemplates that, following the closing of the tender offer, a wholly owned subsidiary of RPR will merge with AIS, and AIS' remaining stockholders will receive $11.75 per share in cash. Based in part on the recommendation of a Special Committee of independent directors, the Board of Directors of AIS has approved the merger agreement and has determined that the proposed transactions are fair to, and in the best interests of, the Company's stockholders. The AIS Board and the Special Committee respectively, have received opinions from Lehman Brothers Inc. and Furman Selz Incorporated, respectively, that the cash consideration to be offered in the proposed transactions is fair, from a financial point of view, to AIS' public stockholders. It is anticipated that the preferred stock purchase rights under AIS' stockholder rights plan will be redeemed at $.01 per right immediately prior to consummation of the tender offer. Consummation of the tender offer is subject to the condition that a majority of the AIS shares not held by RPR have been validly tendered and not withdrawn, and certain other conditions. Completion of the merger is subject only to the closing of the tender offer, stockholder approval, if required, and no legal prohibition being applicable. The transaction is expected to be completed by the end of 1995. "The transaction should significantly enhance AIS' ability to continue the development and commercialization of its products while offering our shareholders an attractive premium for their shares," stated Thomas B. Okarma, M.D., Ph.D., Chairman, Chief Executive Officer and Chief Scientific Officer of Applied Immune Sciences. AIS is a leader in cell therapy, which uses living cell infusions to achieve a therapeutic effect in a variety of diseases. At the heart of AIS' technology is a patented device, the AIS CELLector(r), that isolates specific populations of a patient's cells from blood or bone marrow or tissue samples. The cells may then be activated and numerically expanded prior to reinfusion into the patient, where they exert their therapeutic effects. AIS currently has six products in clinical trials, including two in Phase 3. AIS also recently received FDA approval to begin a Phase 1 trial in ex vivo gene therapy using Avectin(tm), a non-viral gene transfer system, for interleukin-2 (IL-2) gene transfer in breast cancer patients. In addition to ex vivo gene therapy, AIS' core competencies include cell separation and expansion technologies and vector research. RPR currently owns approximately 46% of AIS' outstanding common stock which was acquired by RPR from 1993 to date pursuant to agreements with AIS entered into in 1993. The companies are also parties to a 50/50 joint venture established in 1993 to provide cell manipulation services worldwide. "We will combine our respective approaches in gene therapy," said Thierry Soursac, M.D., Ph.D., Senior Vice President, RPR and General Manager, RPR Gencell. "RPR Gencell has initially focused on the in vivo delivery of gene therapy and AIS provides expertise in the ex vivo area. We hope to enhance the development and commercialization of these two routes for the delivery of gene therapy." "The AIS facility in Santa Clara, California will become the primary U.S. operating headquarters for RPR Gencell with a primary focus on the development of ex vivo gene and cell therapy approaches," added Dr. Soursac. "Our research team in Vitry, France, will continue to lead the development of in vivo approaches." Over 400 people in RPR Gencell will be dedicated to gene therapy upon the completion of the agreement. RPR Gencell RPR Gencell is a division of RPR dedicated to the discovery, development, manufacturing and commercialization of cell and gene therapy products. By linking leading biotechnology companies and research organizations worldwide with its own internal capabilities, RPR Gencell hopes to accelerate the development of effective therapies for cancer, cardiovascular and nervous system diseases. Within the RPR Gencell network, Phase 1 trials are currently being conducted for the treatment of glioblastoma, malignant melanoma and non-small cell lung cancer. The core competencies of RPR Gencell and its partners include gene discovery and sequencing, gene expression, vectors for gene delivery, cell selection, ex vivo cell expansion methods and clinical development. Companies and institutions affiliated with the RPR Gencell network include: AIS, The Centre National de Recherche Scientifique (CNRS), Darwin Molecular Corporation, Genethon, Genetix Pharmaceuticals, Genopoietic, The Institut Gustave Roussy, Institut Pasteur Lille, Introgen Therapeutics, Inc., The Lawrence Berkeley Laboratory Human Genome Center, Pasteur Merieux Connaught, and Universite Louis Pasteur. Rhone-Poulenc Rorer Inc. (NYSE:RPR) is a global pharmaceutical company dedicated to the discovery, development, manufacturing and marketing of human pharmaceuticals. The company reported sales of $4.5 billion and invested $600 million in research and development in 1994. # # # # EDITOR'S NOTE: A fact sheet on AIS and RPR Gencell is available via the contacts listed. -----END PRIVACY-ENHANCED MESSAGE-----