-----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, PEEWOUGyCx8HAlpgrJ3jVeWSyxoPdY49zrgC1A1rNUx+yGYqQPV3LHc54hbYtgR7 KeuXph4GRnOoDt9DNWJhQw== 0000950115-97-001139.txt : 19970801 0000950115-97-001139.hdr.sgml : 19970801 ACCESSION NUMBER: 0000950115-97-001139 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 19970724 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970731 SROS: AMEX FILER: COMPANY DATA: COMPANY CONFORMED NAME: MEDIQ INC CENTRAL INDEX KEY: 0000350920 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS EQUIPMENT RENTAL & LEASING [7350] IRS NUMBER: 510219413 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08147 FILM NUMBER: 97648849 BUSINESS ADDRESS: STREET 1: ONE MEDIQ PLZ CITY: PENNSAUKEN STATE: NJ ZIP: 08110 BUSINESS PHONE: 6096656300 MAIL ADDRESS: STREET 1: ONE MEDIQ PLZ CITY: PENNSAUKEN STATE: NJ ZIP: 08110 8-K 1 CURRENT REPORT 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 - July 24, 1997 (Date of earliest event reported) MEDIQ INCORPORATED (Exact name of registrant as specified in its charter) Delaware 1-8147 51-0219413 (State or other jurisdiction of (Commission file number) (I.R.S. Employer incorporation or organization) Identification No.) One MEDIQ Plaza, Pennsauken, New Jersey 08110 (Address of principal executive offices, zip code) Area Code (609) 662-3200 (Telephone number) Item 5. Other Events. On July 24, 1997, MEDIQ Incorporated ("MEDIQ"), PRN MERGER CORPORATION ("PRN"), a wholly-owned subsidiary of MEDIQ ("Sub"), and UNIVERSAL HOSPITAL SERVICES, INC. ("UHS") executed Amendment No. 1 (the "Amendment") to the Agreement and Plan of Merger by and among MEDIQ, PRN and UHS, dated February 10, 1997 (the "Merger Agreement"), which modified the Merger Agreement in two respects. First, Section 8.1(c) of the Merger Agreement was amended to provide that either MEDIQ or UHS may terminate the Merger Agreement if the Merger of UHS with and into Sub (the "Merger") has not been consummated by October 31, 1997 (unless the failure to consummate the Merger by such date is due to the action or failure to act of the party seeking to terminate the Agreement in breach of such party's obligation); prior to such Amendment, such termination right would have arisen if the Merger had not been consummated by August 30, 1997. Second, the Amendment established an additional termination right, which provides that if the Federal Trade Commission ("FTC") files with any United States District Court ("District Court") a motion for a preliminary injunction with respect to the Merger, (i) MEDIQ and UHS will each have the right to terminate the Agreement by written notice to the other, at any time during the period commencing upon the issuance by the District Court of a preliminary injunction pursuant to such motion and ending at 11:59 p.m. (Eastern time) on the fifth business day following the day on which a written ruling on the motion is filed with the Clerk of Court, and (ii) neither MEDIQ nor UHS will be obligated to consummate the Merger before the expiration of the termination right set forth in the preceding clause (i). This five-business-day period will provide each of MEDIQ and UHS with the opportunity to review the basis for such action by the District Court and to determine whether it would be in the best interests of their respective stockholders to appeal any such decision. A copy of the Amendment is attached to this Current Report on Form 8-K and the foregoing summary is qualified in its entirety by reference to such copy of the Amendment. On July 29, 1997, MEDIQ and UHS announced that they had been informed by the FTC that the FTC had authorized its staff to seek a preliminary injunction against the consummation of the proposed acquisition. Item 7. Financial Statements and Exhibits. (c) Exhibits. Exhibit 99.1 - Amendment No. 1 dated as of July 24, 1997 to Agreement and Plan of Merger dated February 10, 1997 by and among MEDIQ Incorporated, PRN Merger Corporation and Universal Hospital Services, Inc. Exhibit 99.2 - Press Release dated July 24, 1997. Exhibit 99.3 - Press Release dated July 29, 1997. MEDIQ INCORPORATED AND SUBSIDIARIES SIGNATURE 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. MEDIQ Incorporated ------------------ (Registrant) July 31, 1997 ------------- (Date) /s/ Thomas E. Carroll --------------------- Thomas E. Carroll President & Chief Executive Officer EX-99.1 2 AGREEMENT AND PLAN OF MERGER Amendment No. 1 to Agreement and Plan of Merger This Amendment No. 1 dated as of July 24, 1997 to Agreement and Plan of Merger dated as of February 10, 1997 (the "Merger Agreement"), among MEDIQ INCORPORATED (the "Acquiror"), PRN MERGER CORPORATION ("Sub") and UNIVERSAL HOSPITAL SERVICES, INC. ("the Company"). WHEREAS, the Acquiror, Sub and the Company desire to amend the Merger Agreement upon the terms set forth below in order to provide additional time to resolve or defend against any objections of the Federal Trade Commission ("FTC") to the proposed transaction. NOW, THEREFORE, for valuable consideration, the receipt of which is hereby acknowledged, the parties agree as follows: 1. Section 8.1(c) of the Merger Agreement is hereby amended to read in its entirety as follows: "(c) by either the Acquiror or the Company if the Merger shall not have been consummated on or before October 31, 1997 (unless the failure to consummate the Merger by such date shall be due to the action or failure to act of the party seeking to terminate this Agreement in breach of such party's obligations under this Agreement); or" 2. The following new Section 8.3 is hereby added to the Merger Agreement immediately after Section 8.2: "Section 8.3. Additional Termination Right. Notwithstanding anything to the contrary in this Agreement, in the event that the FTC shall file with any United States District Court (the "District Court") a motion for a preliminary injunction with respect to the Merger (i) the Acquiror and the Company shall each have the right to terminate this Agreement, by written notice to the other, at any time during the period commencing upon the issuance by the District Court of a preliminary injunction pursuant to such motion and ending at 11:59 p.m. (Eastern time) on the fifth business day following the day on which the written ruling of the District Court with respect to such preliminary injunction is first filed with the Clerk of Court, and (ii) neither the Acquiror nor the Company shall be under any obligation to effect the Merger prior to the expiration of the termination right set forth in clause (i) of this Section 8.3." 3. Except as amended hereby (and in the waiver letters of the parties dated March 28, 1997, July 11, 1997 and July 24, 1997), the Merger Agreement shall remain in full force and effect in accordance with its terms. WHEREAS, the Acquiror, Sub and Company have caused this Amendment to be signed by the respective officers thereunto duly authorized as of the date first above written. MEDIQ INCORPORATED By: /s/ Thomas E. Carroll ------------------------------- UNIVERSAL HOSPITAL SERVICES, INC. By: /s/ Thomas A. Minner ------------------------------- PRN MERGER CORPORATION By: /s/ Thomas E. Carroll ------------------------------- EX-99.2 3 PRESS RELEASE Exhibit 99.2 IMMEDIATE (July 24, 1997) Michael F. Sandler David E. Dovenberg Senior Vice President-Finance Chief Financial Officer MEDIQ Incorporated Universal Hospital Services, Inc. (609) 662-3200 (612) 893-3252 MEDIQ AND UNIVERSAL HOSPITAL SERVICES EXTEND MERGER AGREEMENT PENNSAUKEN, NJ/BLOOMINGTON, MN -- MEDIQ Incorporated (MED:AMEX) ("MEDIQ") and Universal Hospital Services, Inc. (NASDAQ:UHOS) ("UHS"), who in February had entered into an agreement under which UHS would be acquired by MEDIQ at a price of $17.50 per UHS share, today announced that they had extended -- from August 30, 1997 to October 31, 1997 -- the date after which either party could terminate this agreement. This amendment was entered into in order to provide additional time to resolve or defend against certain concerns that have been raised by the staff of the Federal Trade Commission to the merger. In addition, the companies also amended the agreement to include a termination right under which either party may terminate the agreement within five business days if a federal district court issues a preliminary injunction preventing the transaction. On April 10, 1997, the FTC had requested additional information regarding the proposed transaction. The parties believe that earlier this month they substantially complied with this information request. Thomas E. Carroll, President and Chief Executive Officer of MEDIQ, said, "The merger is procompetitive and in the best interests of our customers. This merger will enable us to provide a broader inventory of the kinds of equipment our customers demand, and to deliver it more quickly on a more efficient and cost-effective basis. With increasing competition in the medical equipment market and in healthcare generally, our customers have become more and more demanding and they are constantly evaluating their other options to renting products from us. This transaction will help us to continue to meet those demands and increase the range of services we are able to provide. Because we believe the transaction fully complies with federal antitrust laws, both companies will vigorously oppose any attempt by the government to block the merger." Thomas Minner, President and Chief Executive Officer of UHS, said "MEDIQ and UHS are disappointed that the government review has gone so slowly, although we are continuing to work with the staff of the FTC. We continue to believe that the transaction best serves the interests of the Company's shareholders and that the combined company will be well positioned to capitalize on opportunities in today's ever changing healthcare environment." ##### EX-99.3 4 PRESS RELEASE Exhibit 99.3 IMMEDIATE (July 29, 1997) Michael F. Sandler MEDIQ Incorporated (609) 662-3200 David E. Dovenberg Universal Hospital Services, Inc. (612) 893-3252 FTC OPPOSES PROPOSED ACQUISITION OF UNIVERSAL HOSPITAL SERVICES, INC. BY MEDIQ INCORPORATED PENNSAUKEN, N.J. and BLOOMINGTON, MN, July 29, 1997 -- MEDIQ Incorporated (MED:AMEX) ("MEDIQ") and Universal Hospital Services, Inc. (NASDAQ:UHOS) ("UHS"), who in February had entered into an agreement under which UHS would be acquired by MEDIQ at a price of $17.50 per UHS share, today announced that they had been informed by the Federal Trade Commission ("FTC") that the Commission had authorized its staff to seek a preliminary injunction against the consummation of the proposed acquisition. MEDIQ and UHS issued a joint statement as follows: "MEDIQ and UHS are disappointed that the Commission has chosen to take this step. We believe that the merger fully complies with the federal antitrust laws and both companies will vigorously oppose any attempt by the government to block the merger. We are continuing to hold discussions with the staff of the Commission in an effort to resolve their concerns in a manner which will permit the transaction to be consummated in the near future." -----END PRIVACY-ENHANCED MESSAGE-----