This Amendment No. 1 (this Amendment) to
Schedule 14D-9
amends and supplements the Solicitation/Recommendation Statement on Schedule
14D-9
(as amended or supplemented from time to time, the
Schedule 14D-9)
previously filed by Senomyx, Inc., a Delaware corporation (Senonmyx), with the Securities and Exchange Commission on October 4, 2018, relating to the offer by
(i) Firmenich Incorporated, a Delaware corporation (Firmenich), and (ii) Sentry Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Firmenich (Merger Sub), to purchase all of the issued and
outstanding shares of common stock of Senomyx, $0.001 par value per share, (the Shares) for $1.50 per Share, to be paid to the seller in cash, without interest and subject to any applicable withholding, upon the terms and subject to the
conditions set forth in the Offer to Purchase, dated October 4, 2018 (as it may be amended or supplemented from time to time), and the related Letter of Transmittal (as it may be amended or supplemented from time to time).
Except as otherwise set forth below, the information set forth in the
Schedule 14D-9
remains
unchanged and is incorporated by reference as relevant to the items in this Amendment. Capitalized terms used and not defined herein shall have the meanings assigned to such terms in the
Schedule 14D-9.
This Amendment is being filed to reflect certain updates as reflected below.
Item 8. Additional Information.
Item 8 of the
Schedule 14D-9
is hereby amended and restated by deleting the paragraph under
the heading Legal Proceedings on page 33 of the
Schedule 14D-9
and replacing it with the following paragraph:
Beginning on October 8, 2018, three putative class-action lawsuits were filed on behalf of purported Senomyx stockholders (captioned
Kim v. Senomyx, Inc., et al.
,
No. 1:18-cv-01547
(filed October 8, 2018 in the United States District Court for the District of Delaware) (the Kim
Complaint);
Link v. Senomyx, Inc., et al.
, No.
3:18-cv-02336
(filed October 10, 2018 in the United States District Court for the Southern District of
California) (the Link Complaint); and
Rowe v. Senomyx, Inc., et al.
,
No. 3:18-cv-02338
(filed October 10, 2018 in the United States District
Court for the Southern District of California) (the Rowe Complaint and together with the Kim Complaint and Link Complaint, the Complaints)). The Kim Complaint was filed against (a) Senomyx, (b) Firmenich,
(c) Merger Sub and (d) the members of Senomyxs board of directors (the Individual Defendants). The Link Complaint and the Rowe Complaint were each filed against (a) Senomyx and (b) the Individual Defendants. The
Complaints generally allege that the defendants violated Section 14(e) and, in the case of the Kim Complaint, Section 14(d)(4), of the Securities Exchange Act of 1934, as amended, by, among other things, failing to disclose material
information in the
Schedule 14D-9
regarding potential conflicts of interest in the Transactions, certain financial projections regarding the Company and certain inputs underlying Needham &
Companys financial analysis. The Complaints also allege the Individual Defendants and, in the case of the Kim Complaint, Firmenich, violated Section 20(a) of the Securities Exchange Act of 1934, as amended, as controlling persons who had
the ability to prevent the
Schedule 14D-9
from being materially false and misleading. The Complaints seek, among other things, an injunction against the consummation of the Transactions and an award of
costs and expenses, including a reasonable allowance for attorneys and experts fees.
While Senomyx has no knowledge that any
other purported Senomyx stockholder intends to file a similar complaint, it is possible additional similar cases may also be filed in connection with the Offer and the Merger.