inVentiv Health, Inc. Announces Special Meeting of Stockholders to be Held July 21
June 21 2010 - 9:25AM
inVentiv Health, Inc. (Nasdaq:VTIV) today announced that it has
established a date for a special meeting of stockholders to
consider and vote upon a proposal to adopt the previously announced
merger agreement, dated May 6, 2010, providing for the acquisition
of inVentiv Health, Inc. by Papillon Holdings, Inc., an entity
created by certain affiliates of Thomas H. Lee Partners, L.P.
inVentiv stockholders of record as of the close of business on
June 15, 2010 will be entitled to notice of the special meeting and
to vote at the special meeting. The special meeting will be
held on Wednesday, July 21, 2010 at 9 a.m. EDT at 1180 Avenue of
the Americas, 10th Floor (Times Square Conference Room), New York,
NY.
Shareholders also can attend the meeting via conference call. To
listen, please dial 800-358-8448 (Domestic) or 706-634-1367
(International). The conference identification number is 83407790.
In addition, the meeting will be webcast live on the Internet at
http://www.inVentivHealth.com/health/newsroom/webcasts.asp. To
participate, please go to the site at least 15 minutes in advance
of the call to register, download and install any necessary audio
software.
About inVentiv Health
inVentiv Health, Inc. (Nasdaq:VTIV) is an insights-driven global
healthcare leader that provides dynamic solutions to deliver
customer and patient success. inVentiv delivers its customized
clinical, sales, marketing and communications solutions through its
four core business segments: inVentiv Clinical, inVentiv
Communications, inVentiv Commercial, and inVentiv Patient Outcomes.
inVentiv Health's client roster is comprised of more than 350
leading pharmaceutical, biotech, life sciences and healthcare payor
companies, including all top 20 global pharmaceutical
manufacturers. For more information, visit
www.inventivhealth.com.
The inVentiv Health, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4942
Additional Information and Where to Find
It.
A definitive proxy statement with the SEC concerning the
previously announced proposed transaction contemplated by the
Agreement and Plan of Merger, dated May 6, 2010, as amended, among
the Company, Papillon Holdings, Inc. and Papillon Acquisition, Inc.
was mailed on or about June 17, 2010 to stockholders of the
Company. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ
THE DEFINITIVE PROXY STATEMENT AND OTHER DOCUMENTS BECAUSE THEY
WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY AND THE
PROPOSED TRANSACTION.
Investors and security holders may obtain a free copy of the
definitive proxy statement and other documents filed by the Company
with the SEC at the SEC's Web site at www.sec.gov. The definitive
proxy statement and such other documents will also be available for
free on the Company's website at www.inventivhealth.com under
Investor Relations or by directing such request to Investor
Relations, inVentiv Health at 800-416-0555.
The Company and its directors, executive officers and other
members of its management and employees may be deemed to be
participants in the solicitation of proxies from its stockholders
in connection with the proposed transaction. Information concerning
the interests of the Company's participants in the solicitation is
set forth in the Company's Annual Reports on Form 10-K for the year
ended December 31, 2009, filed with the SEC on February 24, 2010,
the Company's proxy statement for its 2010 annual meeting of
stockholders, filed with the SEC on April 23, 2010, and in the
definitive proxy statement relating to the proposed
transaction.
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Such forward-looking statements involve known and unknown
risks that may cause inVentiv Health's performance to differ
materially. Such risks include, without limitation: changes in
trends in the pharmaceutical industry or in pharmaceutical
outsourcing; our ability to compete successfully with other
services in the market; our ability to maintain large client
contracts or to enter into new contracts; and, our ability to
operate successfully in new lines of business. Readers of this
press release are referred to documents filed from time to time by
inVentiv Health, Inc. with the Securities and Exchange Commission
for further discussion of these and other factors.
CONTACT: inVentiv Health, Inc.
Investors/Corporate:
David Bassin, CFO
(732) 537-4804
investor@inventivhealth.com
Media:
Marcia Frederick
(614) 543-6281
mfrederick@inventivhealth.com
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