-----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, AsnMY1fob+YnVjalqRZFgGjWvj8cUmZiWW3O4NlrBIjXaes00VGFqv/REDcF/sC2 nJfAkD0xfymC4oImJ5Jjfw== 0000950172-96-000497.txt : 19960819 0000950172-96-000497.hdr.sgml : 19960819 ACCESSION NUMBER: 0000950172-96-000497 CONFORMED SUBMISSION TYPE: SC 14D1/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19960816 SROS: NASD GROUP MEMBERS: UNITED STATES SURGICAL CORP GROUP MEMBERS: USS ACQUISITION CORP. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CIRCON CORP CENTRAL INDEX KEY: 0000719727 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 953079904 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-36096 FILM NUMBER: 96617181 BUSINESS ADDRESS: STREET 1: 6500 HOLLISTER AVE CITY: SANTA BARBARA STATE: CA ZIP: 93111 BUSINESS PHONE: 8059670404 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CIRCON CORP CENTRAL INDEX KEY: 0000719727 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 953079904 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D1/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-36096 FILM NUMBER: 96617182 BUSINESS ADDRESS: STREET 1: 6500 HOLLISTER AVE CITY: SANTA BARBARA STATE: CA ZIP: 93111 BUSINESS PHONE: 8059670404 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: UNITED STATES SURGICAL CORP CENTRAL INDEX KEY: 0000101788 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 132518270 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D1/A BUSINESS ADDRESS: STREET 1: 150 GLOVER AVE CITY: NORWALK STATE: CT ZIP: 06856 BUSINESS PHONE: 2038451000 MAIL ADDRESS: STREET 1: 150 GLOVER AVENUE CITY: NORWALK STATE: CT ZIP: 06856 FORMER COMPANY: FORMER CONFORMED NAME: AUTO SUTURE SURGICAL CORP DATE OF NAME CHANGE: 19700507 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: UNITED STATES SURGICAL CORP CENTRAL INDEX KEY: 0000101788 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 132518270 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D1/A BUSINESS ADDRESS: STREET 1: 150 GLOVER AVE CITY: NORWALK STATE: CT ZIP: 06856 BUSINESS PHONE: 2038451000 MAIL ADDRESS: STREET 1: 150 GLOVER AVENUE CITY: NORWALK STATE: CT ZIP: 06856 FORMER COMPANY: FORMER CONFORMED NAME: AUTO SUTURE SURGICAL CORP DATE OF NAME CHANGE: 19700507 SC 14D1/A 1 SCHEDULE 14D1 AMENDMENT NO. 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14D-1 AMENDMENT NO. 1 TENDER OFFER STATEMENT PURSUANT TO SECTION 14(D)(1) OF THE SECURITIES EXCHANGE ACT OF 1934 AND SCHEDULE 13D AMENDMENT NO. 1 UNDER THE SECURITIES EXCHANGE ACT OF 1934 CIRCON CORPORATION NAME OF SUBJECT COMPANY USS ACQUISITION CORP. UNITED STATES SURGICAL CORPORATION (BIDDERS) COMMON STOCK, PAR VALUE $0.01 PER SHARE (TITLE OF CLASS OF SECURITIES) 172736 10 0 (CUSIP NUMBER OF CLASS OF SECURITIES) THOMAS R. BREMER USS ACQUISITION CORP. C/O UNITED STATES SURGICAL CORPORATION 150 GLOVER AVENUE NORWALK, CONNECTICUT 06856 TELEPHONE: (203) 845-1000 (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS ON BEHALF OF BIDDERS) with a copy to: PAUL T. SCHNELL, ESQ. SKADDEN, ARPS, SLATE, MEAGHER & FLOM 919 THIRD AVENUE NEW YORK, NEW YORK 10022 TELEPHONE: (212) 735-3000 United States Surgical Corporation, a Delaware corporation ("Parent"), and USS Acquisition Corp., a Delaware corporation (the "Purchaser"), and a wholly owned subsidiary of Parent, hereby amend and supplement their Statement on Schedule 14D-1 ("Schedule 14D-1"), filed with the Securities and Exchange Commission (the "Commission") on August 2, 1996, as amended, with respect to the Purchaser's offer to purchase all of the outstanding shares of Common Stock, par value $0.01 per share (the "Shares"), of Circon Corporation, a Delaware corporation (the "Company"), at a price of $18.00 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 August 2, 1996 (the "Offer to Purchase"). This Amendment No.1 to the Schedule 14D-1 also constitutes Amendment No.1 to the Statement on Schedule 13D of the Purchaser and Parent. The item numbers and responses thereto below are in accordance with the requirements of Schedule 14D-1. Unless otherwise indicated herein, each capitalized term used but not defined herein shall have the meaning assigned to such term in Schedule 14D-1 or in the Offer to Purchase referred to therein. ITEM 10. ADDITIONAL INFORMATION. The information set forth in Item (10) of Schedule 14D-1 is hereby amended and supplemented by the following information: On August 16, 1996, Parent issued a press release, a copy of which is attached hereto as Exhibit (a)(9) and incorporated herein by reference, relating to the Company's rejection of Parent's offer. ITEM 11. MATERIAL TO BE FILED AS EXHIBITS. (a)(9) Text of Press Release issued by United States Surgical Corporation on August 16, 1996. 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: August 16, 1996 USS ACQUISITION CORP. By:/s/ THOMAS R. BREMER _____________________________ Name: Thomas R. Bremer Title: Senior Vice President and General Counsel UNITED STATES SURGICAL CORPORATION By:/s/ THOMAS R. BREMER _____________________________ Name: Thomas R. Bremer Title: Senior Vice President and General Counsel EXHIBIT INDEX EXHIBIT EXHIBIT NAME (a)(9) Text of Press Release issued by United States Surgical Corporation on August 16, 1996. EX-99 2 EXHIBIT (A)(9) FOR IMMEDIATE RELEASE: August 16, 1996 INVESTOR CONTACT: MEDIA CONTACT: U.S SURGICAL HOME PAGE: Marianne Scipione Steve Rose http://www.ussurg.com Vice President Director Corporate Communications Media Relations (203) 845-1404 (203) 845-1732 U.S SURGICAL TO CONTINUE TENDER OFFER TO ACQUIRE CIRCON FOR $18 PER SHARE IN CASH NORWALK, Conn.--United States Surgical Corporation (NYSE:USS) announced today that it stands behind its cash tender offer, commenced on August 2, 1996, for all the outstanding common shares of Circon Corporation (NASDAQ:CCON) at $18 per share. Leon C. Hirsch, Chairman and Chief Executive Officer of United States Surgical Corporation, said, "We are disappointed that Circon's Board of Directors has shown what we believe to be a total disregard for the best interest of its shareholders in summarily rejecting our offer. Circon's Board made their decision without even attempting to contact or meet with us to discuss the offer. "Despite Circon's poor performance, missed forecasts and deteriorating shareholder value before our tender, their directors offer shareholders no alternative and no firm value other than a continuation of a 'strategic plan' that has not produced results. Instead, they adopt a poison pill in an attempt to forbid their shareholders from accepting our generous offer, which represents a premium of 83% over the average closing price of Ciron's common stock during the ten days prior to the offer. "We remain confident that this is a highly attractive opportunity for Ciron shareholders and we expect that they will make their own sentiments clearly known to Circon's Board and management. "In our conversation on August 1st, Richard A. Auhll, Chairman, President and Chief Executive Officer of Circon, said that he would confer with his advisors and get back to me. Neither Mr. Auhll, nor any of his management team, directors or advisors has contacted us. "We believe U.S. Surgical's proposal is in the best interest of Circon's shareholders and employees. The sales and operating synergies between U.S. Surgical and Circon are significant, and together the companies can better serve customers and employees." Mr. Hirsch added, "Delaying direct discussions postpones these benefits for all. We hope Circon's management and directors will recognize their duty and obligations to their shareholders, and enter into meaningful discussions to move the proposed merger forward." United States Surgical Corporation is a diversified surgical products company specializing in technologies that improve patient care and lower health care costs. # # # -----END PRIVACY-ENHANCED MESSAGE-----