Sanofi-Synthelabo's Offer for Aventis; Adjustment of Offer Terms on Approval of Aventis Dividend
June 14 2004 - 11:43AM
PR Newswire (US)
Sanofi-Synthelabo's Offer for Aventis; Adjustment of Offer Terms on
Approval of Aventis Dividend PARIS, June 14 /PRNewswire-FirstCall/
-- Sanofi-Synthelabo (PARIS: SAN, NYSE: SNY) announces that at the
Aventis (PARIS: AVE, FRANKFURT: AVE.ETR, NYSE: AVE) annual general
meeting held on June 11, 2004, the shareholders of Aventis voted to
approve Aventis's 2003 dividend in the amount of euro 0.82 per
share, with an ex-dividend date of June 15, 2004 and a payment date
of July 15, 2004. As a result, in accordance with the terms of
Sanofi-Synthelabo's revised offer for Aventis, the terms of
Sanofi-Synthelabo's offer for Aventis have been adjusted in the
following manner: * Standard entitlement: 5 Sanofi-Synthelabo
ordinary shares and euro 115.08 in cash for 6 Aventis ordinary
shares (or 0.8333 of a Sanofi-Synthelabo ordinary share and euro
19.18 in cash for each Aventis ordinary share; and 1.6667
Sanofi-Synthelabo ADSs and an amount in U.S. dollars equal to euro
19.18 in cash for each Aventis ADS) * All stock election: 1.1600
Sanofi-Synthelabo ordinary shares for each Aventis ordinary share
(or 2.3200 Sanofi-Synthelabo ADSs for each Aventis ADS) * All cash
election: euro 68.11 in cash for each Aventis ordinary share (or an
amount in U.S. dollars equal to euro 68.11 in cash for each Aventis
ADS). This adjustment is more fully described in Section 1.3.2(a)
"Terms of the New Offer for Aventis Shares" in the French
prospectus supplement that obtained the AMF's visa (no. 04-384) on
May 7, 2004 and under the section entitled "The Revised U.S. Offer
- Consideration Offered after Approval of Aventis Dividends" in the
U.S. prospectus supplement dated May 27, 2004. In accordance with
article 7 of the COB rule no. 2002-04, this press release was
transmitted to the Autorite des marches financiers (AMF) before its
publication. Important Information: In connection with the proposed
acquisition of Aventis, Sanofi-Synthelabo has filed a registration
statement on Form F-4 (File no. 333-112314), including a prospectus
and a prospectus supplement relating to the revised offer, and will
file additional documents with the SEC. Investors are urged to read
the registration statement, including the prospectus and the
prospectus supplement relating to the revised offer, and any other
relevant documents filed with the SEC, including all amendments and
supplements, because they contain important information. Free
copies of the registration statement, as well as other relevant
documents filed with the SEC, may be obtained at the SEC's web site
at http://www.sec.gov/. The prospectus and the prospectus
supplement relating to the revised offer and other
transaction-related documents are being mailed to Aventis security
holders eligible to participate in the U.S. offer and additional
copies may be obtained for free from MacKenzie Partners, Inc., the
information agent for the U.S. offer, at the following address:
105, Madison Avenue, New York, New York 10016; telephone: 1-(212)
929-5500 (call collect) or 1-(800) 322-2885 (toll- free call);
e-mail . In France, holders of Aventis securities are requested,
with respect to the offer, to refer to the prospectus supplement
(note d'information complementaire), which has been granted visa
number 04-384 by the Autorite des marches financiers ("AMF") and
which is available on the website of the AMF
(http://www.amf-france.org/) and without cost from: BNP Paribas
Securities Services, GIS-Emetteurs, Service Logistique, Les
Collines de l'Arche, 75450 Paris Cedex 9 and to the recommendation
statement (note d'information en reponse) which has been granted
visa number 04-510. The public offer to holders of Aventis ordinary
shares located in Germany (the "German Offer") is being made in
accordance with applicable German law and pursuant to an offer
document/sales prospectus, which is available free of charge at BNP
Paribas Securities Services, Gr�neburgweg 14, D-60322 Frankfurt am
Main (Fax: 069 - 152 05 277) and on the website of the Company
(http://www.sanofi-synthelabo.com/). Any decision to tender Aventis
ordinary shares in exchange for Sanofi-Synthelabo ordinary shares
under the German Offer must be taken exclusively with regard to the
terms and conditions of the German Offer, as well as with regard to
the information included in the offer document/sales prospectus,
including any amendments thereto, issued in Germany. The French
Offer, the U.S. Offer and the German Offer are being made on
substantially the same terms and completion of these offers is
subject to the same conditions. It is intended that the three
offers will expire at the same time. Investors and security holders
may obtain a free copy of the Form 20-F filed with the SEC on April
2, 2004 and any other documents filed by Sanofi-Synthelabo with the
SEC at http://www.sec.gov/ as well as of the Reference Document
filed with the AMF on April 2, 2004 (No. 04-0391) at
http://www.amf-france.org/ or directly from Sanofi-Synthelabo on
our web site at: http://www.sanofi-synthelabo.com/. CONTACT:
Jean-Marc Podvin Vice President, Media Relations Sanofi-Synthelabo
+331-53-77-4223 DATASOURCE: Sanofi-Synthelabo CONTACT: Jean-Marc
Podvin, Vice President, Media Relations of Sanofi-Synthelabo,
+331-53-77-4223 Web site: http://www.sanofi-synthelabo.com/ Company
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