UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE TO
(RULE 14d100)
Tender Offer Statement Pursuant to Section 14(d)(1) or 13(e)(1) of
the Securities Exchange Act of 1934
(Amendment No. 7)
MICROMET, INC.
(Name of Subject Company)
ARMSTRONG ACQUISITION CORP.
(Offeror)
AMGEN INC.
(Parent of Offeror)
(Names of Filing Persons)
COMMON STOCK, $0.00004 PAR VALUE
(Title of Class of Securities)
59509C105
(Cusip Number of Class of Securities)
David J. Scott, Esq.
Senior Vice President, General Counsel and Secretary
One Amgen Center Drive
Thousand Oaks, California 91320-1799
(805) 447-1000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Filing Persons)
With a copy to
Frank J. Aquila, Esq.
Eric M. Krautheimer, Esq.
Sullivan & Cromwell LLP
125 Broad Street
New York, NY 10004
(212) 558-4000
CALCULATION OF FILING FEE
| ||
Transaction Valuation* | Amount of Filing Fee** | |
$1,255,747,416 |
$143,908 | |
| ||
|
* | Estimated solely for purposes of calculating the filing fee. The transaction value was determined by multiplying (a) $11.00, the tender offer price, by (b) the sum of (i) 92,375,454, the issued and outstanding shares of Micromet common stock, (ii) 14,017,356, the number of shares of Micromet common stock issuable by Micromet upon the exercise of outstanding stock options pursuant to Micromets stock option plans and (iii) 7,766,046, the number of shares of Micromet common stock issuable by Micromet upon the exercise of outstanding warrants. The foregoing share figures have been provided by the issuer to the offerors and are as of January 25, 2012, the most recent practicable date. |
** | The filing fee was calculated in accordance with Rule 011 under the Securities Exchange Act of 1934, as amended, and Fee Rate Advisory #3 for fiscal year 2012, issued September 29, 2011, by multiplying the transaction value by .0001146. |
x | Check box if any part of the fee is offset as provided by Rule 011(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. |
Amount Previously Paid: | $143,908 | Filing Party: | Armstrong Acquisition Corp. and Amgen Inc. | |||
Form or Registration No.: | Schedule TO | Date Filed: | February 2, 2012 |
¨ | Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. |
Check the appropriate boxes below to designate any transactions to which the statement relates:
x | thirdparty tender offer subject to Rule 14d1. |
¨ | issuer tender offer subject to Rule 13e4. |
¨ | goingprivate transaction subject to Rule 13e3 |
x | amendment to Schedule 13D under Rule 13d2. |
Check the following box if the filing is a final amendment reporting the results of the tender offer. x
If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:
¨ | Rule 13e4(i) (CrossBorder Issuer Tender Offer) |
¨ | Rule 14d1(d) (CrossBorder ThirdParty Tender Offer) |
This Amendment No. 7 (this Amendment) amends and supplements the Tender Offer Statement on Schedule TO (together with any subsequent amendments and supplements thereto, the Schedule TO) filed by Amgen Inc., a Delaware corporation (Amgen), and Armstrong Acquisition Corp., a Delaware corporation (Purchaser) and a wholly-owned subsidiary of Amgen. The Schedule TO relates to the offer by the Purchaser to purchase all outstanding shares of common stock, par value $0.00004 per share (together with the associated preferred stock purchase rights, the Shares), of Micromet, Inc., a Delaware corporation (Micromet), at $11.00 per Share, net to the seller in cash, without interest and less any required withholding taxes, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated February 2, 2012 (the Offer to Purchase), and in the related Letter of Transmittal, dated February 2, 2012, copies of which are attached as Exhibits (a)(1)(i) and (a)(1)(ii), respectively, to the Schedule TO (which, together with any amendments or supplements thereto, collectively constitute the Offer).
All information contained in the Offer to Purchase and the accompanying Letter of Transmittal, including all schedules thereto, is hereby incorporated herein by reference in response to Items 1 through 9 and Item 11 in the Schedule TO.
This Amendment No. 7 is being filed to amend and supplement Items 1-11 as reflected below.
Items 1-11. |
Items 1-11 of the Schedule TO are hereby amended and supplemented as follows:
The subsequent offering period for the Offer expired at 12:00 midnight, New York City time, at the end of Tuesday, March 6, 2012. The Depositary advised Amgen and Purchaser that as of the expiration of the subsequent offering period, 84,684,189 Shares had been validly tendered and not withdrawn in the initial offering period and the subsequent offering period, which tendered Shares represent approximately 88.34% of the outstanding Shares. Purchaser has accepted for payment and has paid or expects to promptly pay for all Shares validly tendered in the subsequent offering period. Purchaser had previously accepted for payment and paid for all Shares validly tendered in the initial offering period.
Purchaser intends to exercise the Top-Up Option to purchase additional Shares directly from Micromet for $11.00 per Share so that it holds at least 90% of the outstanding Shares following such exercise.
As the final step of the acquisition process, Amgen expects to effect a short-form merger under Delaware law as promptly as practicable pursuant to which Purchaser will be merged with and into Micromet, with Micromet continuing as the surviving corporation. At the Effective Time, each Share issued and outstanding immediately prior to the Effective Time will cease to be issued and outstanding and (other than Shares then owned by Amgen, Micromet or any of their wholly owned subsidiaries and Shares that are held by any stockholders who properly demand appraisal in connection with the Merger) will be converted into the right to receive an amount in cash equal to the Offer Price, without interest, less any applicable withholding taxes.
Following the Merger, all Shares will be delisted and will cease to trade on the NASDAQ Stock Market.
Item 12. | Exhibits. |
Item 12 of the Schedule TO is hereby amended and supplemented by adding the following exhibit:
(a)(5) Press Release issued by Amgen Inc. on March 7, 2012.
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.
Dated: March 7, 2012
AMGEN INC. | ||
By: | /s/ David J. Scott | |
Name: | David J. Scott | |
Title: | Senior Vice President, General Counsel and Secretary | |
ARMSTRONG ACQUISITION CORP. | ||
By: | /s/ David J. Scott | |
Name: | David J. Scott | |
Title: | Senior Vice President, General Counsel and Secretary |
Exhibit (a)(5)
News Release |
One Amgen Center Drive Thousand Oaks, CA 91320-1799 Telephone 805-447-1000 www.Amgen.com |
AMGEN COMPLETES TENDER OFFER FOR OUTSTANDING SHARES OF MICROMET, INC.
THOUSAND OAKS, Calif. (March 7, 2012) Amgen Inc. (Amgen) (NASDAQ:AMGN) announced today the expiration of the subsequent offering period of the tender offer (the Offer) by a wholly owned subsidiary, Merger Sub, to acquire all outstanding shares of common stock of Micromet, Inc. (Micromet) (NASDAQ:MITI) for $11.00 per share in cash. The subsequent offering period expired at 12:00 midnight, New York City time, at the end of Tuesday, March 6, 2012.
The depositary for the tender offer has advised Amgen that, as of the expiration of the subsequent offering period, 84,684,189 Micromet shares had been validly tendered and not withdrawn in the initial offering period and the subsequent offering period, which tendered shares represent 88.34 percent of the outstanding shares of Micromet. Amgen has accepted for payment, and has paid or expects to promptly pay for, all such tendered shares. In accordance with the terms of the Merger Agreement, Merger Sub intends to exercise its top-up option to purchase additional shares of common stock of Micromet directly from Micromet for $11.00 per share (the same purchase price paid in the Offer) so that it holds at least 90 percent of the outstanding shares of Micromet following such exercise.
As the final step of the acquisition process, Amgen expects to effect a short-form merger under Delaware law later today. At the effective time of the merger, each Micromet share issued and outstanding immediately prior to the effective time will cease to be issued and outstanding and (other than shares then owned by Amgen, Micromet or any of their wholly owned subsidiaries and shares that are held by any stockholders who properly demand appraisal in connection with the merger) will be converted into the right to receive an amount in cash equal to the Offer price of $11.00, without interest, less any applicable withholding taxes.
Micromet will be the surviving corporation in the merger and will become a wholly owned subsidiary of Amgen. Following the merger, Micromet shares will be delisted and will cease to trade on the NASDAQ Stock Market as of the close of the market today.
About Amgen
Amgen discovers, develops, manufactures and delivers innovative human therapeutics. A biotechnology pioneer since 1980, Amgen was one of the first companies to realize the new sciences promise by bringing safe, effective medicines from lab to manufacturing plant to patient. Amgen therapeutics have changed the practice of medicine, helping millions of people around the world in the fight against cancer, kidney disease, rheumatoid arthritis, bone disease and other serious illnesses. With a deep and broad pipeline of potential new medicines, Amgen remains committed to advancing science to dramatically improve peoples lives. To learn more about our pioneering science and vital medicines, visit www.amgen.com.
AMGENS TENDER OFFER FOR OUTSTANDING SHARES OF MICROMET, INC.
COMPLETED
Page 2
Amgen Forward-Looking Statement
This news release contains forward-looking statements that are based on Amgens current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual events to differ materially from those described. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements about the planned completion of the tender offer and the merger. Forward-looking statements involve significant risks and uncertainties, including those described in the Securities and Exchange Commission (SEC) reports filed by Amgen, including Amgens most recent annual report on Form 10-K and most recent periodic reports on Form 10-Q and Form 8-K. Please refer to Amgens most recent Forms 10-K, 10-Q and 8-K for information on the uncertainties and risk factors related to Amgens business. Unless otherwise noted, Amgen is providing this information as of March 7, 2012 and expressly disclaims any duty to update information contained in this news release.
No forward-looking statement can be guaranteed and actual results may differ materially from those Amgen projects. Amgens results may be affected by Amgens ability to successfully market both new and existing products domestically and internationally, clinical and regulatory developments (domestic or foreign) involving current and future products, sales growth of recently launched products, competition from other products (domestic or foreign), difficulties or delays in manufacturing its products. In addition, sales of Amgen products are affected by reimbursement policies imposed by third-party payors, including governments, private insurance plans and managed care providers and may be affected by regulatory, clinical and guideline developments and domestic and international trends toward managed care and healthcare cost containment as well as U.S. legislation affecting pharmaceutical pricing and reimbursement. Government and others regulations and reimbursement policies may affect the development, usage and pricing of Amgen products. Furthermore, Amgens research, testing, pricing, marketing and other operations are subject to extensive regulation by domestic and foreign government regulatory authorities. Amgen or others could identify safety, side effects or manufacturing problems with Amgen products after they are on the market. Amgens business may be impacted by government investigations, litigation and products liability claims. Further, while Amgen routinely obtains patents for its products and technology, the protection offered by its patents and patent applications may be challenged, invalidated or circumvented by its competitors. Amgen depends on third parties for a significant portion of its manufacturing capacity for the supply of certain of its current and future products and limits on supply may constrain sales of certain of its current products and product candidate development. In addition, Amgen competes with other companies with respect to some of its marketed products as well as for the discovery and development of new products. Discovery or identification of new product candidates cannot be guaranteed and movement from concept to product is uncertain; consequently, there can be no guarantee that any particular product candidate will be successful and become a commercial product. Further, some raw materials, medical devices and component parts for Amgen products are supplied by sole third-party suppliers. Our business performance could affect or limit the ability of our Board of Directors to declare a dividend or our ability to pay a dividend or repurchase our common stock.
###
Contacts
Amgen, Thousand Oaks
Mary Klem, 805-447-6979 (media)
Helen Mills, +41 41 3690 315 (EU, media)
Arvind Sood, 805-447-1060 (investors)
D8HJWDF.-EF(6E$.T3BF
MHUD[[D%/"5EB*%VG)'IOS)F#:8`'AHA]"^6KF-K*G&85D3,KRPWXZA<2=(C"
M./NEIZK#+S"\UO+'0\YR^DD?FF:#XD"!B]!D*CX#=OL,R>_2,LFD69Y>YO+_)GF)U1&
M)*E[;G<)Q<&,#NLM=B2]$&^QT^3GE/EN>&7F-J*`3PTTSHJ1KT+1,T-
UR$%CH7@@^^+=#U[].)>E?JQRUB"-342M:/ERW%
M8O-,(B>Q[K03FK?2`3``*>$INE8\3U$3&:"/;763R>UQ+K[E]0YX,/?F+#,/
M]Y$&@EV\%PO"H2+8W/30L7+CF+7Z=:U_<2]LT!3\E+B/N@$(-UUJGR$W+3"4
M0VDG[Q^V@HIO!0C=RN90D9#MW;U\C&,2J")&S--[)+JE*`<#JF'M'5H.CI:*
M2:IRZ%C&5)#Y0T(72`!N(IM/7MM6,N9U-3##'F$KY>[M+8P2H:PWH.I3LL8_
M!/39&VQY1_5YU03<6B>Z\DO+6LFRWBZ5'$?85I9*M%"869*C^)"X;H!4BPE'
MUR,"`/"H"+6L-;S5?F)R+1=))_5U"['(&E6N>YKBA0WEK200=A/58I-%W+L.]+-H\G%=25'*5T4);Q&YI.K00H5D)!(VA>G9<>B
MV<>>.LD7R]LB;CD)_/C%P5.8I:B:\6``%1$*B(AK7^6%S3S=H7@@M$4X5;@<
M&RVX\VX_^F*QJJXU,%V_:[=9'D5T*C\\E_UA/E']E]G30BYI>H(0"^_9>=O1
M901CDX1&%RXN@VW"B!P$Q!`Q0&@B7U@`>V@B%0`:#KT4(NZV.06E'7&WT./9
MQ[`X?*/9_AU\!#BC2IMQ"`I!2WWM[./VM:]"XG"%2WP@MV@BVV*J0"("HG4.
M`AO+P$.T.WT:S8OFQZ+=^')\D^\;&'\F%1,V9>I