sc14d9c
UNITED STATES
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
Global Med Technologies, Inc.
(Name of Subject Company)
Global Med Technologies, Inc.
(Name of Person(s) Filing Statement)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
37935E101
(CUSIP Number of Class of Securities)
Michael I. Ruxin
Chief Executive Officer
Global Med Technologies, Inc.
12600 West Colfax, Suite C-420,
Lakewood, CO 80215
(303) 238-2000
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications on Behalf of the Person(s) Filing Statement)
Copies to:
Clayton E. Parker
Martin T. Schrier
K&L Gates LLP
200 S. Biscayne Boulevard, Suite 3900
Miami, Florida 33131
(305) 539-3300
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Check the box if the filing relates solely to preliminary communications made before the
commencement of a tender offer. |
This filing on Schedule 14D-9 relates to a planned tender offer by Atlas Acquisition Corp.
(Acquisition Sub), a Colorado corporation and a wholly-owned subsidiary of Haemonetics
Corporation (Haemonetics), a Massachusetts corporation, to purchase all of the outstanding shares
of common stock, $0.01 par value per share, and all of the outstanding shares of preferred stock,
$0.01 par value per share, of Global Med Technologies, Inc. (Global Med), a Colorado corporation,
to be commenced pursuant to an Agreement and Plan of Merger, dated as of January 31, 2010, by and
among Haemonetics, Acquisition Sub and Global Med.
Forward-Looking Statements
This document contains forward-looking statements, including those relating to Haemonetics
anticipated acquisition of Global Med and expected benefits and effects of the transaction.
Forward-looking statements may contain words such as expect, believe, may, can, should,
will, forecast, anticipate or similar expressions, and include the assumptions that underlie
such statements. These statements are subject to known and unknown risks and uncertainties that
could cause actual results to differ materially from those stated or implied, including but not
limited to: the risk that the transaction will not be consummated in a timely manner or at all if,
among other things, fewer than a majority of the shares of Global Med common stock are tendered,
clearance under the Hart-Scott-Rodino Antitrust Improvements Act is not obtained, or other closing
conditions are not satisfied; and that Global Meds business will have been adversely impacted
during the pendency of the tender offer. All forward-looking statements are based on managements
estimates, projections and assumptions as of the date hereof and are subject to risks and
uncertainties, which may cause Global Meds actual results to differ materially from the statements
contained herein. Undue reliance should not be placed on forward-looking statements, which speak
only as of the date they are made. Neither Global Med nor Haemonetics undertake any obligation to
update publicly any forward-looking statements to reflect new information, events or circumstances
after the date they were made, or to reflect the occurrence of unanticipated events. Additional
information on these and other risks, uncertainties and factors is included in Global Meds Annual
Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other
documents filed with the SEC.
Additional Information and Where to Find It
The tender offer described herein has not commenced. This announcement is for informational
purposes only and is neither an offer to purchase nor a solicitation of an offer to sell capital
stock of Global Med. At the time the tender offer is commenced, Haemonetics and Acquisition Sub
will file a Tender Offer Statement on Schedule TO with the SEC and Global Med will file a
Solicitation/Recommendation Statement on Schedule 14D-9 with respect to the tender offer.
The tender offer will be made solely by the Tender Offer Statement. Holders of shares of Global Med
common stock and preferred stock are urged to read the Tender Offer Statement (including the Offer
to Purchase, related Letter of Transmittal and all other offer documents) and the
Solicitation/Recommendation Statement when they become available because they will contain
important information that holders of shares of Global Med common stock and preferred stock should
consider before making any decision regarding tendering their securities.
Stockholders of Global Med will be able to obtain free copies of the Tender Offer Statement, the
Tender Offer Solicitation/Recommendation Statement and other documents filed with the SEC by
Haemonetics and Global Med through the web site maintained by the SEC at www.sec.gov. In addition,
investors and security holders will be able to obtain free copies of these documents by contacting
the Investor Relations department of Global Med at 303-238-2000 or by mailing a request to Global
Med at 12600 West Colfax, Suite C-420, Lakewood, CO 80215.
The following is a summary of a summons and complaint filed on February 9, 2010 against Global
Med.
Shareholder Litigation.
On February 9, 2010, a complaint was filed in the District Court of Jefferson County,
Colorado against the Company, Purchaser, Haemonetics, Michael Ruxin, Thomas Marcinek, Sarah Eames,
T. Kendall Hunt, and Robert Gilmore (Dr. Ruxin, Mr. Marcinek, Ms. Eames, Mr. Hunt and Mr. Gilmore,
collectively, the Individuals) on behalf of a purported class of public stockholders of Global
Med relating to the Offer (the Shareholder Suit).
The complaint alleges, among other things, that:
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the Individuals have breached their fiduciary duties in connection with the Offer; |
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the Individuals failed to engage in an honest and fair sale process; and |
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Global Med, Haemonetics and Purchaser aided the Individuals breach of fiduciary duties. |
The plaintiffs seek, among other relief, class action status, preliminary and permanent
injunctive relief against completing the transaction contemplated by the Offer, rescission if the
transaction contemplated by the Offer is consummated or recessionary damages, an accounting for the
damages sustained, and the costs of the action, including reasonable allowance for attorneys fees
and experts fees. Global Med believes the lawsuit is without merit and intends to vigorously
defend itself against it.
Pursuant to the District Court Civil Summons, the defendants deadline to respond to the
complaint is March 2, 2010.