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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14D-9
SOLICITATION/RECOMMENDATION STATEMENT UNDER
SECTION 14(d)(4) OF THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 15)
AnorMED Inc.
(Name of Subject Company)
AnorMED Inc.
(Name of Persons Filing Statement)
Common Shares
(Title of Class of Securities)
035910108
(CUSIP Number of Class of Securities)
William J. Adams
Vice President, Finance, Chief Financial Officer,
Secretary and Treasurer
200-20353 64th Avenue
Langley, British Columbia
Canada V2Y 1N5
(604) 530-1057
(Name, address and telephone number of person authorized to receive notices
and communications on behalf of filing persons)
Copies to:
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R. Hector MacKay-Dunn, Q.C.
Ronald G. Murray
Farris, Vaughan, Wills & Murphy LLP
25th Floor
700 West Georgia Street
Vancouver, B.C.
Canada V7Y 1B3
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Daniel M. Miller
Dorsey & Whitney LLP
Suite 1605
777 Dunsmuir Street
P.O. Box 10444, Pacific Centre
Vancouver, B.C.
Canada V7Y 1K4 |
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Check the box if the filing relates solely to preliminary communications made before
the commencement of a tender offer. |
This Amendment No. 15 amends and supplements the Solicitation/Recommendation Statement on
Schedule 14D-9 (as amended, the Statement) initially filed by AnorMED Inc. with the U.S.
Securities and Exchange Commission on September 5, 2006, relating to the tender offer (the Genzyme
Offer) made by Dematal Corporation (Dematal), a Nova Scotia unlimited liability company and a
wholly-owned subsidiary of Genzyme Corporation (Genzyme and together with Dematal, the
Offerors), a Massachusetts corporation, for all of the common shares of AnorMED. The terms and
conditions of the Genzyme Offer are set forth in the Offer to Purchase and Circular of the
Offerors, dated September 1, 2006 (the Tender Offer Circular). The Tender Offer Circular has
been filed by the Offerors with the U.S. Securities and Exchange Commission as part of a Tender
Offer Statement on Schedule TO (as it may be amended or supplemented from time to time, the
Schedule TO), which includes information required to be reported under Rule 14d-3 of the
Securities Exchange Act of 1934, as amended. The Schedule TO was initially filed by the Offerors
on September 1, 2006.
In connection with the Genzyme Offer, the Companys board of directors has prepared a
directors circular (the Initial Directors Circular), dated September 5, 2006, pursuant to
applicable securities laws in Canada and the United States. The Companys board of directors has
also prepared a second directors circular (the Millennium Directors Circular), dated October 5,
2006, pursuant to applicable securities laws in Canada and the United States. The Initial
Directors Circular has been mailed to AnorMED shareholders, was filed as exhibit (a)(2)(A) to the
initial filing of this Statement, and is incorporated by reference into this Statement in its
entirety. The Millennium Directors Circular will be mailed to AnorMED shareholders, was filed as
exhibit (a)(2)(S) to Amendment No. 12 to this Statement, and is incorporated by reference into this
Statement in its entirety. Capitalized terms used herein and not defined herein have the
respective meanings assigned to such terms in the Initial Directors Circular and the Millennium
Directors Circular.
Item 7. PURPOSES OF THE TRANSACTION AND PLANS OR PROPOSALS
Item 7 is hereby amended and supplemented as follows:
On October 11, 2006, AnorMED Inc. announced that it received an irrevocable offer from the
Offerors to enter into the agreed upon form of support agreement whereby Dematal will, subject to
certain conditions, amend its tender offer to acquire all of the outstanding shares of AnorMED by,
among other things:
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increasing the price offered from US$8.55 per share to US$13.50 per share; and |
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extending the expiry date to November 1, 2006. |
The Offerors have agreed to enter into the support agreement prior to the earlier of (i) 5:30
p.m. (Boston time) on October 17, 2006 and (ii) 12 hours following the termination of AnorMEDs
support agreement with Millennium Pharmaceuticals, Inc. (Millennium). This obligation is
conditional upon the prior satisfaction of certain conditions, including:
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AnorMED not being in breach of any of the covenants, representations and warranties
in the support agreement; |
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no material adverse change (as defined) having occurred; and |
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shareholder support agreements having been entered into with Kenneth Galbraith, the
Chairman and Interim Chief Executive Officer of AnorMED and the Baker Bros. affiliates. |
Under the terms of the support agreement with Millennium, AnorMED may withdraw, modify or
change its support regarding Millenniums October 5, 2006 tender offer of US$12.00 per share in
cash, or approve, recommend or enter into an agreement in respect of a superior proposal, only if
AnorMEDs Board of Directors receives a superior proposal prior to the expiry of the Millennium
tender offer. Millennium has the right to match any such superior proposal made by another bidder.
If AnorMEDs Board of Directors accepts a superior proposal after Millennium decides not to match
such a proposal, Millennium may be entitled to a payment of US$19.5 million from AnorMED.
AnorMED has notified Millennium of its Boards determination that Genzymes and Dematals
offer is a superior proposal. AnorMED has given Millennium three business days advance notice as
required pursuant the terms of the support agreement prior to the taking of any action by AnorMEDs
Board of Directors to withdraw, modify or change its recommendation regarding Millenniums tender
offer and to approve or recommend or enter into an agreement in respect of Genzymes and Dematals
offer. Millennium has until such time to make adjustments to the terms and conditions of its
support agreement with AnorMED and to its tender offer to enable Millennium to proceed with its
tender offer. AnorMEDs Board of Directors is required to review any proposal by Millennium to
amend its tender offer in order to determine, after receiving the advice of its financial and
outside legal advisors, whether Millenniums proposal to amend its offer would result in Genzymes
proposal no longer being a superior proposal.
A copy of AnorMEDs press release, dated October 11, 2006, with respect to the matters
described above is attached hereto as Exhibit (a)(2)(V). The section of the press release entitled
FORWARD LOOKING STATEMENTS is hereby incorporated herein by reference.
Item 9. EXHIBITS
Item 9 is hereby amended and supplemented to include the following exhibits:
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Exhibit |
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Description |
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(a)(2)(V)
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News release, dated October 11, 2006 |
SIGNATURES
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.
Dated: October 11, 2006
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ANORMED INC.
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By: |
/s/ William J. Adams
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Name: |
William J. Adams |
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Title: |
Vice President, Finance, Chief Financial
Officer, Secretary and
Treasurer |
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EXHIBIT INDEX
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Exhibit |
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Description |
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(a)(2)(A)*
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Directors Circular, dated September 5, 2006 |
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(a)(2)(B)*
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Press release of AnorMED Inc., dated September 5, 2006 |
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(a)(2)(C)*
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News release, dated September 7, 2006 |
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(a)(2)(D)*
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Material Change Report, dated September 11, 2006 |
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(a)(2)(E)*
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Material Change Report, dated September 11, 2006 |
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(a)(2)(F)*
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Limited Duration Shareholder Rights Plan Agreement |
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(a)(2)(G)*
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News release, dated September 15, 2006 |
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(a)(2)(H)*
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News release, dated September 18, 2006 |
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(a)(2)(I)*
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News release, dated September 19, 2006 |
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(a)(2)(J)*
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PowerPoint slides from Annual General Meeting presentation |
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(a)(2)(K)*
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Transcript of portions of Annual General Meeting |
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(a)(2)(L)*
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News release, dated September 20, 2006 |
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(a)(2)(M)*
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News release, dated September 25, 2006 |
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(a)(2)(N)*
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News release, dated September 26, 2006 |
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(a)(2)(O)*
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Material Change Report, dated September 28, 2006, in connection
with an amended license agreement between AnorMED Inc. and
Poniard Pharmaceuticals, Inc. |
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(a)(2)(P)*
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Amendment No. 1 to License Agreement, effective as of September
18, 2006, between AnorMED Inc. and Poniard Pharmaceuticals,
Inc. |
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(a)(2)(Q)*
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Material Change Report, dated September 28, 2006, in connection
with the Support Agreement, dated as of September 26, 2006,
between AnorMED Inc. and Millennium Pharmaceuticals, Inc. |
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(a)(2)(R)*
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News release, dated October 4, 2006 |
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(a)(2)(S)*
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Directors Circular, dated October 5, 2006 |
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(a)(2)(T)*
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News release, dated October 5, 2006 |
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(a)(2)(U)*
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News release, dated October 10, 2006 |
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(a)(2)(V)
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News release, dated October 11, 2006 |
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(e)(1)*
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Confidentiality Agreement, dated October 4, 2006, among Genzyme
Corporation, Dematal Corp. and AnorMED Inc. |
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(g)(1)*
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Information Agent Script for Incoming Calls |
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(g)(2)*
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Information Agent Script for Outgoing Calls |
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(g)(3)*
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Information Agent Script for Outgoing Calls |
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(g)(4)*
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Information Agent Script for Incoming Calls |
*Previously filed.