Press Release
Abbott Acquisition of Advanced Medical Optics Clears U.S. Antitrust Review
February 6, 2009
More information regarding Abbott's Investor Relations
resources:
Abbott Park, Illinois (NYSE: ABT)
— Abbott today announced that the waiting period under the Hart-Scott-Rodino
Antitrust Improvements Act of 1976 (HSR)
applicable to Abbott's cash tender offer to purchase all of the outstanding
shares of common stock of Advanced Medical Optics (AMO) expired last night at
11:59 p.m. Eastern time.
The expiration of the HSR waiting period satisfies one of the conditions
necessary for the consummation of the tender offer. The tender offer is
scheduled to expire at midnight Eastern time on Tuesday, Feb. 24, 2009, unless the tender offer is extended.
Consummation of the tender offer remains subject to other customary conditions,
including European Commission merger control clearance and the tender of a
majority of the outstanding shares of AMO's common stock on a fully diluted
basis.
As previously announced, Abbott commenced the tender offer on Jan. 27, 2009, for all of the outstanding shares of AMO
common stock for $22 per share in cash. The tender offer was made pursuant to
an Offer to Purchase, dated Jan. 27, 2009, and in
connection with the Agreement and Plan of Merger, dated Jan. 11, 2009, entered into by and among Abbott,
Rainforest Acquisition Inc., a wholly owned subsidiary of Abbott, and AMO,
which Abbott and AMO announced on Jan. 12,
2009.
About Abbott
Abbott (NYSE: ABT)
is a global, broad-based health care company devoted to the discovery,
development, manufacture and marketing of pharmaceuticals and medical products,
including nutritionals, devices and diagnostics. The company employs more than
68,000 people and markets its products in more than 130 countries.
Abbott's news releases and other information are available on the company's
Web site at www.abbott.com.
Additional Information
This press release is neither an offer to purchase nor a solicitation of an
offer to sell securities. The tender offer is being made pursuant to a tender
offer statement and related materials. Investors and AMO securities holders are
strongly advised to read the tender offer statement (including an offer to
purchase, letter of transmittal and related tender offer documents) and related
solicitation/recommendation statement filed by AMO with the U.S. Securities and
Exchange Commission (SEC), because they contain important information. These
documents are available at no charge at the SEC's Web site at http://www.sec.gov.
The tender offer statement and related materials may be obtained for free by
directing a request by mail to Georgeson Inc., 199 Water
Street, 26th Floor, New York, NY 10038, or by calling toll-free (866) 873-6989.
Private Securities Litigation Reform Act of 1995
A Caution Concerning Forward-Looking Statements
Some statements in this news release may be forward-looking statements for
purposes of the Private Securities Litigation Reform Act of 1995. Abbott
cautions that these forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially from those
indicated in the forward-looking statements, including the tender offer may not
be completed or the merger may not be consummated for reasons including because
conditions precedent to the completion of the acquisition may not be satisfied.
Economic, competitive, governmental, technological and other factors that may
affect Abbott's operations are discussed in Item
1A, "Risk Factors," to our Annual Report on Securities and
Exchange Commission Form 10-K for the year ended
Dec. 31, 2007, and in Item
1A, "Risk Factors," to our Quarterly Report on Securities and
Exchange Commission Form 10-Q for the quarters ended June 30, 2008, and Sept.
30, 2008, and are incorporated by reference. Abbott undertakes no
obligation to release publicly any revisions to forward-looking statements asa
result of subsequent events or developments.
Media:
Scott Stoffel |
(847) 936-9502 |
Financial:
Tina Ventura |
(847) 935-9390 |