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ABBOTT LABORATORIES — M&A Activity 2004
Jan 6, 2004
29777_rns_2004-01-06_81a9fb87-1782-487e-8335-62666415712f.zip
M&A Activity
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SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
SCHEDULE TO (Rule 14d-100) Tender Offer Statement under Section 14(d)(1) or Section 13(e)(1) of the Securities Exchange Act of 1934 (Amendment No. 1)
i-STAT CORPORATION (Name of Subject Company (Issuer))
Senator Acquisition Corporation a wholly owned subsidiary of ABBOTT LABORATORIES (Names of Filing Persons (Offerors))
COMMON STOCK, PAR VALUE $.15 PER SHARE (together with associated preferred stock purchase rights) (Title of Class of Securities)
450312 10 3 (CUSIP Number of Class of Securities)
Jose M. de Lasa Senior Vice President and General Counsel Abbott Laboratories 100 Abbott Park Road Abbott Park, Illinois 60064-6400 (847) 937-6100 (Name, address and telephone number of person authorized to receive notices and communications on behalf of filing persons)
With a copy to: James T. Lidbury Mayer, Brown, Rowe & Maw LLP 190 South LaSalle Street Chicago, Illinois 60603 Telephone: (312) 782-0600
CALCULATION OF FILING FEE
User-specified TAGGED TABLE
| Transaction Valuation* | Amount of Filing Fee** |
|---|---|
| $394,369,898 | $31,905 |
end of user-specified TAGGED TABLE * Estimated for purposes of calculating the amount of the filing fee only. This calculation assumes the purchase of (i) the 20,295,167 outstanding shares of common stock of i-STAT Corporation (the "Company"), together with the associated preferred stock purchase rights (the "Common Shares"), less the 2,000,000 Common Shares owned by the filing persons, at a price of $15.35 per Common Share, (ii) 4,501,515 Common Shares issuable upon conversion of the 30,000 outstanding shares of Series D Convertible Preferred Stock of the Company, at a price of $15.35 per Common Share, (iii) 1,875,357.5 Common Shares subject to outstanding warrants at a price of $7.35 per Common Share (representing the offer price of $15.35 per Common Share less the exercise price of $8.00 per Common Share), and (iv) 3,636,649 Common Shares subject to outstanding options granted under the Company's employee stock option plans at a price of $8.43 per Common Share (representing the offer price of $15.35 per Common Share less the weighted average exercise price of $6.92 per Common Share). The calculation of the filing fee is based on the Company's representation of its capitalization as of December 19, 2003. ** The amount of the filing fee, calculated in accordance with Rule 0-11 of the Securities Exchange Act of 1934, as amended, and Fee Rate Advisory #6 for fiscal year 2004, issued on November 24, 2003, equals .008090% of the transaction value, or $31,905. ý 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 by registration statement number or the Form or Schedule and the date of its filing. User-specified TAGGED TABLE
| Amount Previously Paid: | $31,905 | Filing Party: | Abbott Laboratories and Senator Acquisition Corporation |
|---|---|---|---|
| Form or Registration No.: | Schedule TO | Date Filed: | December 29, 2003 |
end of user-specified TAGGED TABLE o 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:
Check the following box if the filing is a final amendment reporting the results of the tender offer. o
ZEQ.=1,SEQ=1,EFW="2125871",CP="ABBOTT LABORATORIES",DN="1",CHK=120607,FOLIO='blank',FILE='DISK013:[04CHI6.04CHI1016]BA1016A.;4',USER='MWEINST',CD=';5-JAN-2004;13:29' THIS IS THE END OF A COMPOSITION COMPONENT
TOC_END
Amendment No. 1 to Schedule TO
This Amendment No. 1 amends and supplements the Tender Offer Statement on Schedule TO (the "Schedule TO") filed initially with the Securities and Exchange Commission on December 29, 2003 by Abbott Laboratories, an Illinois corporation ("Abbott") and Senator Acquisition Corporation, a Delaware corporation (the "Purchaser") and a wholly owned subsidiary of Abbott, relating to the offer by the Purchaser to purchase (i) all of the outstanding shares of common stock, par value $.15 per share, of i-STAT Corporation, a Delaware corporation (the "Company"), together with the associated preferred stock purchase rights issued pursuant to the Stockholder Protection Agreement, dated as of June 26, 1995, between the Company and Wachovia Bank N.A., as rights agent (the "Common Shares"), at a price of $15.35 per Common Share, (ii) all of the outstanding shares of Series D Convertible Preferred Stock, par value $.10 per share, of the Company (the "Series D Shares"), at a price per Series D Share equal to $15.35 multiplied by the number of Common Shares issuable upon conversion of a Series D Share as of the final expiration of the offer, without regard to certain restrictions on beneficial ownership, and (iii) all of the outstanding six-year warrants to purchase Common Shares expiring in 2007 and having an exercise price of $8.00 per Common Share (the "Warrants" and, together with the Common Shares and the Series D Shares, the "Securities") at a price of $7.35 per Common Share purchasable pursuant to each such warrant, in each case net to the seller in cash and without interest.
The terms and conditions of the offer are described in the Offer to Purchase dated December 29, 2003 (the "Offer to Purchase"), a copy of which was filed as Exhibit (a)(1)(A) to the Schedule TO, and the related Letter of Transmittal for tender of Common Shares and instructions thereto, a copy of which was filed as Exhibit (a)(1)(B) to the Schedule TO (which, as they may be amended or supplemented from time to time, together constitute the "Offer").
Item 5. Past Contacts, Transactions, Negotiations and Agreements.
The subsection of the Offer to Purchase entitled "Certain Information Concerning Abbott and the PurchaserMarketing and Distribution Agreement with Abbott" is hereby amended by replacing the last sentence of such subsection which read "Abbott and the Company are currently negotiating an amendment to the Marketing and Distribution Agreement to allow Abbott the continued distribution of the Company's products in the U.S. and certain other countries or territories until March 31, 2004 or such time as the Merger Agreement is consummated or terminated" to read "On December 31, 2003, Abbott and the Company signed an amendment to the Marketing and Distribution Agreement to allow Abbott the continued distribution of the Company's products in the U.S. and certain other countries or territories until the earlier of (i) such time as the merger contemplated by the Merger Agreement is consummated or (ii) such time as the Merger Agreement is terminated."
Item 12. Exhibits.
Item 12 of the Schedule TO is hereby amended and supplemented to include the following:
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ZEQ.=1,SEQ=2,EFW="2125871",CP="ABBOTT LABORATORIES",DN="1",CHK=319410,FOLIO='2',FILE='DISK013:[04CHI6.04CHI1016]DE1016A.;3',USER='MWEINST',CD=';5-JAN-2004;12:44' THIS IS THE END OF A COMPOSITION COMPONENT
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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.
User-specified TAGGED TABLE
| ABBOTT LABORATORIES | |
|---|---|
| By: | /s/ THOMAS C. FREYMAN |
| Name: | Thomas C. Freyman |
| Title: | Senior Vice President, Finance and Chief Financial Officer |
| SENATOR ACQUISITION CORPORATION | |
| By: | /s/ THOMAS C. FREYMAN |
| Name: | Thomas C. Freyman |
| Title: | President |
end of user-specified TAGGED TABLE
Dated: January 5, 2004
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ZEQ.=1,SEQ=3,EFW="2125871",CP="ABBOTT LABORATORIES",DN="1",CHK=837511,FOLIO='3',FILE='DISK013:[04CHI6.04CHI1016]JC1016A.;2',USER='MWEINST',CD=';5-JAN-2004;12:51' THIS IS THE END OF A COMPOSITION COMPONENT
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EXHIBIT INDEX
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| Exhibit No. | Exhibit Name |
|---|---|
| (d)(12) | Amendment to the Marketing and Distribution Agreement by and between Abbott Laboratories and i-STAT Corporation dated December 31, 2003 |
end of user-specified TAGGED TABLE
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ZEQ.=1,SEQ=4,EFW="2125871",CP="ABBOTT LABORATORIES",DN="1",CHK=921077,FOLIO='4',FILE='DISK013:[04CHI6.04CHI1016]KA1016A.;2',USER='MWEINST',CD=';5-JAN-2004;12:56' THIS IS THE END OF A COMPOSITION COMPONENT
QuickLinks
TOC_BEGIN Amendment No. 1 to Schedule TO
TOC_BEGIN SIGNATURES TOC_BEGIN EXHIBIT INDEX SEQ=,FILE='QUICKLINK',USER=DINGRAM,SEQ=,EFW="2125871",CP="ABBOTT LABORATORIES",DN="1" TOCEXISTFLAG