Johnson & Johnson Completes Tender Offer for Mentor Corporation
23 Enero 2009 - 8:15AM
PR Newswire (US)
NEW BRUNSWICK, N.J., Jan. 23 /PRNewswire-FirstCall/ -- Johnson
& Johnson (NYSE:JNJ) today announced the expiration of the
subsequent offering period of the cash tender offer through its
wholly owned subsidiary, Maple Merger Sub, Inc., for all
outstanding shares of common stock of Mentor Corporation
(NYSE:MNT). The subsequent offering period expired, as scheduled,
at 12:00 midnight (Eastern Time) on Jan. 22, 2009, and was not
extended. The depositary for the tender offer has advised Johnson
& Johnson that, as of the expiration of the subsequent offering
period, shareholders of Mentor had tendered approximately
31,806,675 shares of Mentor common stock (including approximately
565,142 shares subject to guaranteed delivery procedures),
representing approximately 93.9% of Mentor's outstanding shares of
common stock. According to the terms of the tender offer, all
shares that were validly tendered have been accepted for payment.
Johnson & Johnson intends to complete the acquisition of Mentor
through what is known as a "short-form merger," that is, without a
vote or meeting of Mentor's remaining shareholders. In the merger,
each of the remaining shares of Mentor common stock (other than
shares owned by shareholders of Mentor who properly exercise their
dissenters' rights under Minnesota law) will be converted into the
right to receive $31.00 per share, less any required withholding
taxes, in cash and without interest, which is the same amount per
share that was paid in the tender offer. The merger is expected to
occur as soon as practicable. Following the merger, Mentor is
expected to operate as a stand-alone business unit reporting
through ETHICON, Inc., a Johnson & Johnson company, and
Mentor's common stock will no longer be listed on the NYSE. About
Johnson & Johnson Caring for the world, one person at a
time...inspires and unites the people of Johnson & Johnson. We
embrace research and science -- bringing innovative ideas, products
and services to advance the health and well-being of people. Our
119,000 employees at more than 250 Johnson & Johnson companies
work with partners in health care to touch the lives of over a
billion people every day, throughout the world. Additional
Information This press release is neither an offer to purchase nor
a solicitation of an offer to sell shares of Mentor. DATASOURCE:
Johnson & Johnson CONTACT: Press, Jeffrey J. Leebaw,
+1-732-524-3350, +1-732-642-6608 (M), or Bill Price,
+1-732-524-6623, +1-732-668-3735 (M), or Investors, Louise
Mehrotra, +1-732-524-6491, or Stan Panasewicz, +1-732-524-2524 Web
Site: http://www.jnj.com/
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