sctovtza
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE TO
(Amendment No. 5)
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
GLOBAL MED TECHNOLOGIES, INC.
(Name of Subject Company (Issuer))
Atlas Acquisition Corp.
Haemonetics Corporation
(Names of Filing Persons (Offerors))
Common Stock, $0.01 par value per share, and
Series A Convertible Preferred Stock, $0.01 par value per share
(Title of Class of Securities)
37935E101
(CUSIP Number of Class of Securities)
Brian P. Concannon
President and Chief Executive Officer
Haemonetics Corporation
400 Wood Road
Braintree, Massachusetts 02184
(781) 848-7100
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications on Behalf of Filing Persons)
Copies to:
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James S. OShaughnessy, Esq.
General Counsel
Haemonetics Corporation
400 Wood Road
Braintree, Massachusetts 02184
(781) 848-7100
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Lisa R. Haddad, Esq.
Goodwin Procter LLP
53 State Street
Boston, Massachusetts 02109
(617) 570-1000 |
CALCULATION OF FILING FEE
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Transaction Valuation* |
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Amount of Filing Fee** |
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$73,386,833.94 |
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$5,233 |
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* |
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Estimated solely for purposes of calculating amount of filing fee in
accordance with Rule 0-11 under the Securities Exchange Act of 1934,
as amended (the Exchange Act). The transaction value is based upon
the offer to purchase up to 54,653,157 shares of Common Stock of
Global Med Technologies, Inc. at a purchase price of $1.22 cash per
share and 3,960 shares of Series A Convertible Preferred Stock at a
purchase price of $1,694.44 cash per share. Such number of shares of
Common Stock represents the total of 38,160,594 issued and outstanding
shares of Common Stock, outstanding options with respect to 6,420,271
shares of Common Stock, and outstanding warrants with respect to
10,072,292 shares of Common Stock, in each case as of February 18,
2010. Such number of shares of Series A Convertible Preferred Stock
represents all issued and outstanding shares of Series A Convertible
Preferred Stock as of February 18, 2010. |
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The amount of the filing fee, calculated in accordance with Rule 0-11
of the Exchange Act, equals 0.00007130 of the transaction valuation. |
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Check the box if any part of the fee is offset as provided by Rule
0-11(a)(2) and identify the filing with which the offsetting fee
was previously paid. Identify the previous filing registration
statement number, or the Form or Schedule and the date of its
filing. |
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Amount Previously Paid: $5,233
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Filing Party: Haemonetics Corporation and Atlas Acquisition Corp. |
Form or Registration No.: Schedule TO
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Date Filed: February 19, 2010 |
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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:
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third-party tender offer subject to Rule 14d-1. |
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issuer tender offer subject to Rule 13e-4. |
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going-private transaction subject to Rule 13e-3. |
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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
This Amendment No. 5 (this Amendment) amends and supplements the Tender Offer Statement on
Schedule TO filed with the Securities and Exchange Commission (the SEC) on February 19, 2010, as
amended by those certain Amendment Nos. 1, 2, 3 and 4 to the Schedule TO filed with the SEC on each
of February 25, 2010, March 9, 2010, March 11, 2010, and March 18, 2010, respectively (as so
amended, the Schedule TO). The Schedule TO relates to the offer by Atlas Acquisition Corp., a
Colorado corporation (Acquisition Corp.) and a direct wholly-owned subsidiary of Haemonetics
Corporation, a Massachusetts corporation (Haemonetics), to purchase all of the outstanding shares
of common stock, $0.01 par value per share (the Common Shares), of Global Med Technologies, Inc.,
a Colorado corporation (Global Med), at a purchase price of $1.22 per Common Share, net to the
seller in cash, without interest thereon, less any applicable withholding taxes, and to purchase
all of the outstanding shares of Global Meds Series A Convertible Preferred Stock, $0.01 par value
per share (the Preferred Shares, and together with the Common Shares, the Shares), at a
purchase price of $1,694.44 per Preferred Share, net to the seller in cash, without interest
thereon, less any applicable withholding taxes, upon the terms and subject to the conditions set
forth in the Offer to Purchase, dated February 19, 2010, as amended and supplemented (the Offer to
Purchase), and in the related Letter of Transmittal for the Preferred Shares and the Letter of
Transmittal for the Common Shares (each, as the context requires, the Letter of Transmittal),
which, together with any amendments or supplements thereto, collectively constitute the Offer.
This Amendment is being filed on behalf of Acquisition Corp. and Haemonetics.
The information set forth in the Offer to Purchase, including Annex I thereto, the Letter of
Transmittal for the Common Shares and the Letter of Transmittal for the Preferred Shares, copies of
which are filed with the Schedule TO as Exhibits (a)(1)(A), (a)(1)(B) and (a)(1)(C) thereto,
respectively, is incorporated by reference in the answers to Items 1 through 9 and Item 11 of the
Schedule TO and this Amendment, as applicable, and is supplemented by the information specifically
provided in the Schedule TO and this Amendment.
Except as specifically provided herein, this Amendment does not modify any of the information
previously reported on the Schedule TO. You should read this Amendment together with the Schedule
TO and the information incorporated therein. Capitalized terms used and not otherwise defined in
this Amendment shall have the meanings assigned to such terms in the Offer to Purchase or in the
Schedule TO.
ITEMS 1 THROUGH 9 AND 11.
Items 1 through 9 and 11 of the Schedule TO are hereby amended and supplemented to include the
following:
At 12:00 midnight, Boston, Massachusetts time, on March 24, 2010, the Offer expired. Based
on the information provided by the Depositary to Haemonetics, as of the expiration of the Offer,
3,960 Preferred Shares and approximately 31,428,730 Common Shares had been tendered in and not
withdrawn from the Offer. These tendered Shares constituted 100% of the Preferred Shares
outstanding and approximately 82% of the Common Shares outstanding. Acquisition Corp. accepted for
payment all Shares validly tendered and not properly withdrawn in accordance with the terms and
conditions of the Offer.
Effective as of 9:00 a.m., Boston, Massachusetts time, on March 25, 2010, Haemonetics and
Acquisition Corp. commenced a subsequent offering period for all remaining untendered Common
Shares. The subsequent offering period will expire at 12:00 midnight, Boston, Massachusetts time,
on Wednesday, March 31, 2010, unless extended. Any such extension will be followed by a public
announcement no later than 9:00 a.m., Boston, Massachusetts time, on the next business day after
the subsequent offering period is scheduled to expire.
The same $1.22 per share Common Stock Offer Price, net to the seller in cash, without interest
and less any applicable withholding taxes, offered in the initial offering period will be paid
during the subsequent offering period. Acquisition Corp. will immediately accept for payment all
Shares validly tendered during the subsequent offering period, and payment will be made promptly
after acceptance, in accordance with the terms of the Offer. Procedures for tendering Shares
during the subsequent offering period are the same as during the initial offering period, except
that (1) Shares cannot be delivered by the guaranteed delivery procedure and (2) pursuant to Rule
14d-7(a)(2) promulgated under the Exchange Act, Shares tendered during the subsequent offering
period may not be
withdrawn. Shares validly tendered during the initial offering period may not be withdrawn
during the subsequent offering period.
Pursuant to the terms of the Merger Agreement, Haemonetics acquisition of Global Med will be
completed through the Merger of Acquisition Corp. with and into Global Med. Following the Merger,
Global Med will become a wholly owned subsidiary of Haemonetics and the Common Shares will no
longer be eligible for quotation on the OTC Bulletin Board. Pursuant to the terms of the Merger
Agreement, all remaining publicly held Common Shares (other than Common Shares held by holders who
validly exercise and perfect their dissenters rights under applicable Colorado law) will be
acquired for $1.22 per Common Share, net to the holder in cash, without interest and less any
applicable withholding taxes, in the Merger. At the end of the subsequent offering period,
Acquisition Corp. may exercise the Top-Up Option to purchase Top-Up Option Shares from Global Med
so that Acquisition Corp. will own more than 90% of the outstanding Common Shares. If Acquisition
Corp. becomes the owner of more than 90% of the outstanding Common Shares, during the subsequent
offering period and/or through the exercise of the Top-Up Option, the Merger will be completed in
accordance with the applicable provisions of Colorado law that authorize the completion of the
Merger without a vote or meeting of the stockholders of Global Med.
On March 25, 2010, Haemonetics and Acquisition Corp. issued a press release announcing the
expiration of the Offer and the commencement of the subsequent offering period. The full text of
the press release is set forth as Exhibit (a)(5)(C) hereto and is incorporated herein by
reference.
ITEM 12. EXHIBITS.
Item 12 of the Schedule TO is hereby amended and restated in its entirety as follows:
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(a)(1)(A)*
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Offer to Purchase, dated February 19, 2010. |
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(a)(1)(B)*
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Form of Letter of Transmittal for Common Shares. |
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(a)(1)(C)*
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Form of Letter of Transmittal for Preferred Shares. |
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(a)(1)(D)*
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Form of Notice of Guaranteed Delivery for Common Shares. |
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(a)(1)(E)*
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Form of Notice of Guaranteed Delivery for Preferred Shares. |
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(a)(1)(F)*
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Form of Letter to Brokers, Dealers, Banks, Trust Companies and Other Nominees. |
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(a)(1)(G)*
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Form of Letter to Clients for use by Brokers, Dealers, Banks, Trust Companies and
Other Nominees. |
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(a)(1)(H)*
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Summary Advertisement published in the Wall Street Journal on February 19, 2010. |
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(a)(5)(A)*
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Joint Press Release issued by Haemonetics and Global Med, dated February 1, 2010
(incorporated herein by reference to Exhibit 99.1 to the Tender Offer Statement on
Schedule TO filed by Haemonetics on February 1, 2010). |
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(a)(5)(B)*
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Press Release issued by Haemonetics and Acquisition Corp. on March 18, 2010. |
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(a)(5)(C)
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Press Release issued by Haemonetics and Acquisition Corp. on March 25, 2010. |
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(b)
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None. |
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(d)(1)*
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Agreement and Plan of Merger, dated as of January 31, 2010, by and among
Haemonetics, Acquisition Corp. and Global Med (incorporated by reference to Exhibit 2.1
to the Current Report on Form 8-K filed by Global Med with the SEC on February 2, 2010). |
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(d)(1)(A)*
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Amendment No. 1 to Agreement and Plan of Merger, dated as of March 17, 2010, by and
among Haemonetics, Acquisition Corp. and Global Med. |
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(d)(2)(A)*
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Tender and Support Agreement, dated as of January 31, 2010, by and among
Haemonetics, Acquisition Corp. and each of Michael I. Ruxin and Thomas F. Marcinek. |
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(d)(2)(B)*
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Tender and Support Agreement, dated as of January 31, 2010, by and among Haemonetics,
Acquisition Corp. and Victory Park Special Situations Master Fund Ltd. |
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(d)(3)(A)*
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Employment Agreement, dated as of January 31, 2010, by and between Haemonetics and
Michael I. Ruxin. |
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(d)(3)(B)*
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Employment Agreement, dated as of January 31, 2010, by and between Haemonetics and
Thomas F. Marcinek. |
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(d)(4)*
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Confidentiality Agreement, dated as of March 30, 2009, by and between Haemonetics
and Global Med. |
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(d)(5)*
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Letter agreement, dated December 2, 2009, by and between Global Med and Haemonetics. |
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(d)(6)*
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Letter agreement, dated January 25, 2010, by and between Global Med and Haemonetics. |
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(g)
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None. |
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(h)
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None. |
SIGNATURES
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.
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HAEMONETICS CORPORATION
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Dated: March 25, 2010 |
By: |
/s/ Brian P. Concannon
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Name: |
Brian P. Concannon |
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Title: |
President and Chief Executive Officer |
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ATLAS ACQUISITION CORP.
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Dated: March 25, 2010 |
By: |
/s/ James S. OShaughnessy
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Name: |
James S. OShaughnessy |
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Title: |
Secretary |
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EXHIBIT INDEX
The Exhibit Index is hereby amended and restated in its entirety as follows:
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(a)(1)(A)*
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Offer to Purchase, dated February 19, 2010. |
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(a)(1)(B)*
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Form of Letter of Transmittal for Common Shares. |
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(a)(1)(C)*
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Form of Letter of Transmittal for Preferred Shares. |
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(a)(1)(D)*
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Form of Notice of Guaranteed Delivery for Common Shares. |
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(a)(1)(E)*
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Form of Notice of Guaranteed Delivery for Preferred Shares. |
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(a)(1)(F)*
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Form of Letter to Brokers, Dealers, Banks, Trust Companies and Other Nominees. |
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(a)(1)(G)*
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Form of Letter to Clients for use by Brokers, Dealers, Banks, Trust Companies and
Other Nominees. |
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(a)(1)(H)*
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Summary Advertisement published in the Wall Street Journal on February 19, 2010. |
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(a)(5)(A)*
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Joint Press Release issued by Haemonetics and Global Med, dated February 1, 2010
(incorporated herein by reference to Exhibit 99.1 to the Tender Offer Statement on
Schedule TO filed by Haemonetics on February 1, 2010). |
(a)(5)(B)*
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Press Release issued by Haemonetics and Acquisition Corp. on March 18, 2010. |
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(a)(5)(C)
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Press Release issued by Haemonetics and Acquisition Corp. on March 25, 2010. |
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(b)
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None. |
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(d)(1)*
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Agreement and Plan of Merger, dated as of January 31, 2010, by and among
Haemonetics, Acquisition Corp. and Global Med (incorporated by reference to Exhibit 2.1
to the Current Report on Form 8-K filed by Global Med with the SEC on February 2, 2010). |
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(d)(1)(A)*
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Amendment No. 1 to Agreement and Plan of Merger, dated as of March 17, 2010, by and
among Haemonetics, Acquisition Corp. and Global Med. |
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(d)(2)(A)*
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Tender and Support Agreement, dated as of January 31, 2010, by and among
Haemonetics, Acquisition Corp. and each of Michael I. Ruxin and Thomas F. Marcinek. |
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(d)(2)(B)*
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Tender and Support Agreement, dated as of January 31, 2010, by and among Haemonetics,
Acquisition Corp. and Victory Park Special Situations Master Fund Ltd. |
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(d)(3)(A)*
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Employment Agreement, dated as of January 31, 2010, by and between Haemonetics and
Michael I. Ruxin. |
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(d)(3)(B)*
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Employment Agreement, dated as of January 31, 2010, by and between Haemonetics and
Thomas F. Marcinek. |
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(d)(4)*
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Confidentiality Agreement, dated as of March 30, 2009, by and between Haemonetics
and Global Med. |
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(d)(5)*
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Letter agreement, dated December 2, 2009, by and between Global Med and Haemonetics. |
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(d)(6)*
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Letter agreement, dated January 25, 2010, by and between Global Med and Haemonetics. |
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(g)
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None. |
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(h)
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None. |
exv99waw5wc
Exhibit
(a)(5)(C)
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News Release |
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FOR RELEASE
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CONTACT: |
Date: March 25, 2010
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Bryanne Salmon |
Time: 6:00 am Eastern
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Tel. (781) 356-9613 |
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bsalmon@haemonetics.com |
Haemonetics Completes Tender Offer for Global Med Shares
and Commences Subsequent Offering Period
Braintree, MA, March 25, 2010 Haemonetics Corporation (NYSE:HAE) today announced the completion
of its cash tender offer, through its wholly-owned subsidiary Atlas Acquisition Corp., for Global
Med Technologies, Inc.s (OTCBB:GLOB) outstanding shares of common stock, at $1.22 per share, and
preferred stock, at $1,694.44 per share. The tender offer expired at 12:00 midnight, Boston,
Massachusetts time, on Wednesday, March 24, 2010.
The depositary for the tender offer has advised Haemonetics that, as of the expiration of the
tender offer, 3,960 shares of preferred stock and approximately 31,428,730 shares of common stock
had been tendered in and not withdrawn from the offer. These tendered shares constituted 100% of
the outstanding shares of preferred stock and approximately 82% of the outstanding shares of common
stock. All validly tendered shares have been accepted for payment in accordance with the terms of
the tender offer.
Atlas Acquisition Corp. will provide a subsequent offering period which will expire at 12:00
midnight, Boston, Massachusetts time, on Wednesday, March 31, 2010, unless extended. During this
subsequent offering period, Global Med stockholders who did not previously tender their shares of
common stock in the offer may do so and will promptly receive the same $1.22 per share, net to the
seller in cash, without interest, as was paid during the initial offering period. The subsequent
offering period enables Global Med stockholders who did not tender their shares to participate in
the offer and receive the offer price on an expedited basis rather than waiting to receive payment
until the completion of the merger described below. No shares tendered in the offer may be
withdrawn during the subsequent offering period.
Haemonetics acquisition of Global Med will be completed following the expiration of the subsequent
offering period through a merger of Atlas Acquisition Corp. into Global Med. In the merger, all
outstanding shares of Global Meds common stock (other than shares as to which dissenters rights
are perfected under Colorado law) will be converted into the right to receive the same $1.22 per
share as paid in the tender offer. At the end of the subsequent offering period, Atlas Acquisition
Corp. may exercise its top-up option so Haemonetics can complete its acquisition of Global Med by
way of a short form merger, without a vote of Global Meds stockholders.
Additional Information
This press release is for informational purposes only and is not an offer to buy or the
solicitation of an offer to sell any securities. The solicitation and the offer to buy shares of
Global Meds capital stock during the subsequent offering period is being made pursuant to a tender
offer statement on Schedule TO, including an offer to purchase and other related materials, as
amended, that Atlas Acquisition Corp. has filed with the SEC. Global Med has filed a
solicitation/recommendation statement on Schedule 14D-9 and amendments thereto. Global Med
stockholders should read all of these materials carefully prior to making any decisions with
respect to the offer because they contain important information.
Global Med stockholders are able to obtain the tender offer statement on Schedule TO, the offer to
purchase, related materials with respect to the offer and amendments thereto, free of charge at the
SECs website at www.sec.gov, from D.F. King & Co., Inc., the information agent for the tender
offer, at (212) 269-5550 for banks and brokers or (800) 549-6746 for shareholders and all others,
or by sending a written request to Atlas Acquisition Corp. Requests for documents from Atlas
Acquisition Corp. should be submitted in writing to Haemonetics, Attn: Investor Relations, 400 Wood
Road, Braintree, MA 02184.
Haemonetics Corporation 400 Wood Road Braintree, MA 02184 USA
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News Release |
Safe Harbor
This press release contains forward-looking statements that involve risks, uncertainties and
assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the
results of Haemonetics and its consolidated subsidiaries could differ materially from those
expressed or implied by such forward-looking statements and assumptions. All statements other than
statements of historical fact are statements that could be deemed forward-looking statements,
including the ability to complete the merger and other transactions contemplated by the
above-described merger agreement, and the related timing of such events; the expected benefits and
costs of the transaction; management plans relating to the transaction; any statements of the
plans, strategies and objectives of management for future operations, including the execution of
integration plans; any statements of expectation or belief; and any statements of assumptions
underlying any of the foregoing. Risks, uncertainties and assumptions include the possibility that
expected benefits of the transaction may not materialize; that the transaction may not be timely
completed; that, prior to the completion of the transaction, Global Meds business may not perform
as expected due to transaction-related uncertainty or other factors; that the parties are unable to
successfully implement integration strategies; and other risks that are described from time to time
in Haemonetics Securities and Exchange Commission reports, including but not limited to the risks
described in Haemonetics Annual Report on Form 10-K for its fiscal year ended March 28, 2009. The
foregoing list should not be construed as exhaustive. The forward-looking statements are based on
estimates and assumptions and are believed to be reasonable, though are inherently uncertain and
difficult to predict. Actual results and experience could differ materially from the
forward-looking statements. Haemonetics assumes no obligation and does not intend to update these
forward-looking statements except as required by law.
Haemonetics Corporation 400 Wood Road Braintree, MA 02184 USA