UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE
14D-9
(Amendment No. 4)
Solicitation/Recommendation Statement
Under Section 14(d)(4) of the Securities Exchange Act of 1934
Celator Pharmaceuticals, Inc.
(Name of Subject Company)
Celator
Pharmaceuticals, Inc.
(Name of Person Filing Statement)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
15089R102
(CUSIP Number
of Class of Securities)
Scott T. Jackson
Chief
Executive Officer
Celator Pharmaceuticals, Inc.
200 PrincetonSouth Corporate Center, Suite 180
Ewing, New Jersey 08628
(609) 243-0123
(Name,
address and telephone number of person authorized to receive notices and communications
on behalf of the persons filing statement)
With copies to:
Daniel Wolf
David B.
Feirstein
Kirkland & Ellis LLP
601 Lexington Avenue
New
York, New York 10022
(212) 446-4800
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Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.
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Purpose of Amendment.
This Amendment No. 4 (this
Amendment
) amends and supplements the Solicitation/Recommendation Statement on Schedule 14D-9 of
Celator Pharmaceuticals, Inc. (the
Company
) filed with the Securities and Exchange Commission (the
SEC
) on June 10, 2016, as amended on June 27, 2016, June 30, 2016 and July 6, 2016 (the
Schedule 14D-9
). The Schedule 14D-9 relates to the tender offer by Plex Merger Sub, Inc., a Delaware corporation (
Purchaser
) and an indirect wholly owned subsidiary of Jazz Pharmaceuticals plc, a public limited
company formed under the laws of Ireland (
Parent
), made pursuant to an Agreement and Plan of Merger, dated as of May 27, 2016, among Parent, Purchaser and the Company (as it may be amended or supplemented from time to time),
to purchase all of the outstanding shares of the Companys common stock, par value $0.001 per share (
Shares
), at a purchase price of $30.25 per Share, net to the seller in cash, without interest (less any required withholding
taxes), upon the terms and subject to the conditions set forth in the Offer to Purchase, dated June 10, 2016 (as it may be amended or supplemented from time to time, the
Offer to Purchase
), and in the related Letter of
Transmittal (as it may be amended or supplemented from time to time, which together with the Offer to Purchase, the
Offer
). The Offer is described in a Tender Offer Statement on Schedule TO (as amended or supplemented from time to
time) filed by Purchaser and Parent with the SEC on June 10, 2016.
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 supplemented as follows:
At one minute following 11:59 p.m., New York City time, on July 11, 2016, the Offer expired as scheduled and was not
extended. Purchaser was advised by American Stock Transfer & Trust LLC, the depositary for the Offer (the
Depositary
), as of the expiration of the Offer, a total of 36,516,173 Shares were validly tendered (and not validly
withdrawn) (excluding Shares tendered pursuant to guaranteed delivery procedures that have not yet been received, as defined by Section 251(h)(6) of the DGCL) prior to the expiration of the Offer, representing approximately 81.13%
of the Shares outstanding as of the expiration of the Offer. In addition, the Depositary advised that Notices of Guaranteed Delivery have been delivered with respect to 2,016,237 additional Shares, representing approximately 4.48% of the
outstanding Shares as of the expiration of the Offer.
The number of Shares validly tendered (and not validly withdrawn)
(excluding Shares tendered pursuant to guaranteed delivery procedures that have not yet been received, as defined by Section 251(h)(6) of the DGCL) pursuant to the Offer satisfied the Minimum Tender Condition (as defined in the Merger
Agreement). All conditions to the Offer having been satisfied, Purchaser accepted for payment and will promptly pay for all Shares validly tendered (and not validly withdrawn) from the Offer.
Promptly following the consummation of the Offer, Parent and Purchaser completed the acquisition of the Company through the
Merger without the affirmative vote of stockholders of the Company in accordance with Section 251(h) of the DGCL. At the Effective Time, each Share then outstanding (other than Shares that were held by any stockholders who properly demanded
appraisal for such Shares in accordance with Section 262 of the DGCL) will be converted into the right to receive the Offer Price, in cash and without interest except for Shares held by the Company, Parent or Purchaser, which Shares will be
cancelled and retired and cease to exist, and no consideration will be delivered in exchange therefor.
Following the
consummation of the Merger, the Shares were delisted and ceased to trade on NASDAQ.
On July 12, 2016, Parent issued
a press release announcing the expiration and results of the Offer, a copy of which is filed as Exhibit (a)(5)(iii) to the amendment to the Schedule TO filed with the SEC on July 12, 2016 and is incorporated herein by reference.
SIGNATURE
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.
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Celator Pharmaceuticals, Inc.
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By:
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/s/ Scott T. Jackson
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Name: Scott T. Jackson
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Title: Chief Executive Officer
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Dated: July 12, 2016
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