sctota.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE TO
Tender Offer Statement
Under Section 14(d)(1) or 13(e)(1) of the Securities Exchange Act of 1934
(Amendment No. 9)

and

SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)


CRUCELL N.V.
(Name of Subject Company (Issuer))

JJC ACQUISITION COMPANY B.V.
(Offeror)
A Wholly-Owned Subsidiary of

CILAG HOLDING AG
(Offeror)
A Wholly-Owned Subsidiary of

JOHNSON & JOHNSON
(Offeror)
(Names of Filing Persons (identifying status as offeror, issuer or other person))

ORDINARY SHARES, €0.24 NOMINAL VALUE,
and AMERICAN DEPOSITARY SHARES,
EACH OF WHICH REPRESENTS ONE ORDINARY SHARE
(Title of Class of Securities)

N23473106 (Ordinary Shares)
228769105 (American Depositary Shares)
(CUSIP Number of Class of Securities)

Eric Jung, Esq.
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, NJ 08933
(732) 524-6400
(Name, Address, and Telephone Numbers of Person Authorized to Receive Notices and Communications on Behalf of Filing Persons)

Copies to:

Robert I. Townsend, III, Esq.
Damien R. Zoubek, Esq.
Cravath, Swaine & Moore LLP
Worldwide Plaza
825 Eighth Avenue
New York, NY 10019-7475
(212) 474-1000
 
 
 
 
 
 
 
 
CALCULATION OF FILING FEE

Transaction Valuation(1)
Amount of Filing Fee(2)
$2,380,424,487.98 $276,367.28

(1)
Estimated for purposes of calculating the amount of the filing fee only. This amount is based on the value of the total number of Crucell N.V. ordinary shares, nominal value €0.24 per share, and Crucell N.V. American depositary shares, each of which represents one Crucell N.V. ordinary share, to be acquired by JJC Acquisition Company B.V. upon consummation of the offer if all such Crucell N.V. ordinary shares and American depositary shares are acquired in the offer and based on the offer price of €24.75 and the noon buying rate in New York City for cable transfers in euros as certified for customs purposes by the Federal Reserve Bank of New York on January 21, 2011, which was $1.3581 per €1.00.
   
(2)
The filing fee was calculated in accordance with Rule 0-11 under the Securities Exchange Act of 1934, as amended, and Fee Rate Advisory #5 for fiscal year 2011, issued December 22, 2010, by multiplying the transaction value by .00011610.
 
R
Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
 
 
Amount Previously Paid:
$176,684.64
Filing Party:
JJC Acquisition Company B.V./
       
Johnson & Johnson
 
Form of Registration No.:
Schedule TO
Date Filed:
November 12, 2010
         
 
Amount Previously Paid:
$99,682.64
Filing Party:
JJC Acquisition Company B.V./
       
Cilag Holding AG/
       
Johnson & Johnson
 
Form of Registration No.:
Schedule TO
Date Filed:
January 28, 2011
 
o
Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the statement relates:

R
Third-party tender offer subject to Rule 14d-1.
o
Issuer tender offer subject to Rule 13e-4.
o
Going-private transaction subject to Rule 13e-3.
R
Amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results of the tender offer.  R

If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:
o
Rule 13e-4(i) (Cross-Border Issuer Tender Offer)
R
Rule 14d-1(d) (Cross-Border Third-Party Tender Offer)
 
 
 
 
2
 
 
 
 
CUSIP No.
 N23473 10 6 
 
  
 
1
NAME OF REPORTING PERSONS
Johnson & Johnson
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
I.R.S. I.D. #22-1024240
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)   ¨
(b)   ¨
3
SEC USE ONLY
 
 
4
    SOURCE OF FUNDS (See Instructions)
 
    WC
5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)   ¨
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
New Jersey
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
 
87,791,419(1)
8
SHARED VOTING POWER
 
0
9
SOLE DISPOSITIVE POWER
 
87,791,419(1)
10
SHARED DISPOSITIVE POWER
 
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
87,791,419(1)
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
¨
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
98.9%(1)(2)
14
TYPE OF REPORTING PERSON (See Instructions)
 
CO

(1) JJC Acquisition Company B.V., the subsidiary formed for the purpose of making the Offer and an indirect wholly owned subsidiary of Johnson & Johnson, holds or has accepted for payment all shares validly tendered (or defectively tendered provided that such defect has been waived by JJC Acquisition Company B.V.) and delivered, and not validly withdrawn, on the terms and subject to the conditions and restrictions of the Offer.
 
(2) Based on the total number of 88,744,215 issued and outstanding Ordinary Shares of Crucell, including all outstanding ADSs, on a fully diluted basis, as of March 8, 2011.
 
 
 
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Amendment No. 9 to Schedule TO and Amendment No. 5 to Schedule 13D

This Amendment No. 9 to the Tender Offer Statement on Schedule TO amends and supplements the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission on November 12, 2010 (together with any amendments and supplements hereto, this “Schedule TO”) and is filed by (i) JJC Acquisition Company B.V., a private company with limited liability incorporated under the laws of the Netherlands (the “Offeror”) and a wholly-owned direct subsidiary of Cilag Holding AG, a Swiss corporation and an indirect wholly-owned subsidiary of Johnson & Johnson, a New Jersey corporation (“Parent”), (ii) Cilag Holding AG and (iii) Parent.  This Schedule TO relates to the third party tender offer by the Offeror to purchase all of the issued and outstanding ordinary shares, nominal value €0.24 per share (the “Ordinary Shares”), of Crucell N.V., a public limited liability company incorporated under the laws of the Netherlands (the “Company”), and all of the outstanding American depositary shares of the Company (“ADSs”), each of which represents one Ordinary Share, upon the terms and subject to the conditions and restrictions set forth in the offer document dated December 8, 2010 (the “Offer Document”) and in the related ADS Letter of Transmittal, copies of which are attached hereto as Exhibits (a)(1)(A) and (a)(1)(E), respectively.  Capitalized terms used and not defined herein shall have the meanings assigned to such terms in the Offer Document.
 
 
Items 1 through 9 and 11 of the Schedule TO and Item 5 of the Schedule 13D.

Items 1 through 9 and 11 of the Schedule TO and Item 5 of the Schedule 13D are hereby amended and supplemented as follows:

At 11:45 a.m. New York time (17:45 hours Dutch time) on March 8, 2011, the Subsequent Offering Period expired as scheduled.   Based on the information provided by the Settlement Agents to Parent, as of the expiration of the Subsequent Offering Period, a total of 87,791,419 Ordinary Shares were tendered for acceptance during the initial offering period and Subsequent Offering Period (including 12,915,680 represented by ADSs), representing, when taken together with Shares held by the Johnson & Johnson Group at such time, approximately 98.93% of the issued share capital of the Company held by others than the Company and its Affiliates at such time.  The Offeror has accepted for payment all Shares validly tendered (or defectively tendered provided that such defect has been waived by the Offeror) and delivered during the Subsequent Offering Period, subject to the conditions and restrictions of the Offer.

As the Offeror holds 95% or more of the Shares (excluding Shares held by Crucell or its Affiliates), the Offeror intends, as contemplated by Section 7.15.2 of the Offer Document, to acquire the remaining Shares not tendered by means of buy-out proceedings in accordance with article 2:92a or 2:201a of the DCC or takeover buy-out proceedings in accordance with article 2:359c of the DCC, to be initiated as soon as reasonably practicable under applicable rules and regulations.

As contemplated by Section 7.14 of the Offer Document, to the extent permitted under applicable law and stock exchange regulations, the Offeror intends, as soon as reasonably practicable under applicable rules and regulations, to cause Crucell to petition the NASDAQ to delist the ADSs, submit a request for delisting of the Ordinary Shares to Euronext Amsterdam and the Swiss Exchange and make a filing with the SEC requesting termination of the registration of the ADSs under the Exchange Act.

The joint press release issued by Parent and the Company on March 8, 2011 announcing the final results of the Offer is filed as  Exhibit (a)(5)(N) hereto and is incorporated herein by reference.


Item 12 of the Schedule TO.  Exhibits.

Item 12 of the Schedule TO is hereby amended and supplemented as follows:

(a)(5)(N)     Joint Press Release issued by Johnson & Johnson and Crucell N.V. on March 8, 2011.
 
 
 
 
4
 
 
 
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.

March 8, 2011
 
  JJC ACQUISITION  
  COMPANY B.V.  
       
 
By:
/s/ Henno Meijerink  
    Name:  Henno Meijerink   
    Title:    Director   
 
 
  CILAG HOLDING AG  
       
 
By:
/s/ Heinz Schmid  
    Name:  Heinz Schmid  
    Title:    Director   
 
 
 
By:
/s/ Pascal Hoorn  
    Name:  Pascal Hoorn   
    Title:    Director   
 
 
  JOHNSON & JOHNSON  
       
 
By:
/s/ Douglas Chia  
    Name:  Douglas Chia   
    Title:    Secretary  
 
 
Signature Page
 
 
 
 
 
5
 
 
 
Exhibit Index
 
Exhibit
  
Exhibit Name
(a)(1)(A)*
  
Offer Document, dated December 8, 2010.
(a)(1)(B)*
  
Form of Tender and Proxy Form and Deed of Transfer of Crucell N.V. Registered Ordinary Shares (for use with respect to Ordinary Shares).
(a)(1)(C)*
  
Form of Memorandum to Global Custodians and Back Offices of Institutional Holders of Ordinary Shares (for use with respect to Ordinary Shares).
(a)(1)(D)*
  
Form of Cover Letter to Retail Holders of Ordinary Shares (for use with respect to Ordinary Shares).
(a)(1)(E)*
  
Form of ADS Letter of Transmittal (including Guidelines for Certification of Taxpayer Identification Number on Substitute Form W-9) (for use with respect to ADSs).
(a)(1)(F)*
  
Form of Notice of Guaranteed Delivery (for use with respect to ADSs).
(a)(1)(G)*
  
Form of Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees (for use with respect to ADSs).
(a)(1)(H)*
  
Form of Letter to Clients for use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees (for use with respect to ADSs).
(a)(5)(A)*
  
Form of summary newspaper advertisement, dated December 8, 2010.
(a)(5)(B)*
  
Joint Press Release issued by Johnson & Johnson and Crucell N.V. on September 17, 2010, incorporated herein by reference to Exhibit 4 to the Schedule 13D filed by Johnson & Johnson on September 17, 2010.
(a)(5)(C)*
  
Joint Press Release issued by Johnson & Johnson and Crucell N.V. on October 6, 2010.
(a)(5)(D)*
  
Joint Press Release issued by Johnson & Johnson and Crucell N.V. on October 29, 2010.
(a)(5)(E)*
  
Joint Press Release issued by Johnson & Johnson and Crucell N.V. on November 30, 2010.
(a)(5)(F)*
  
Joint Press Release issued by Johnson & Johnson and Crucell N.V. on December 8, 2010.
(a)(5)(G)*
  
Slides from extraordinary general meeting of Shareholders 2010, dated December 10, 2010.
(a)(5)(H)*
  
English translation of transcript of remarks made by Paul Stoffels at extraordinary general meeting of Shareholders 2010, dated December 10, 2010.
(a)(5)(I)*
  
Joint Press Release issued by Johnson & Johnson and Crucell N.V. on January 28, 2011.
(a)(5)(J)*
  
Joint Press Release issued by Johnson & Johnson and Crucell N.V. on February 8, 2011.
(a)(5)(K)*
  
Form of summary newspaper advertisement, dated February 8, 2011.
(a)(5)(L)*
  
Joint Press Release issued by Johnson & Johnson and Crucell N.V. on February 17, 2011.
(a)(5)(M)*
  
Joint Press Release issued by Johnson & Johnson and Crucell N.V. on February 22, 2011.
(a)(5)(N)
  
Joint Press Release issued by Johnson & Johnson and Crucell N.V. on March 8, 2011.
(b)
  
Not applicable.
(d)(1)*
  
Equity Purchase Agreement between JHC Nederland B.V. and Crucell N.V., dated as of September 28, 2009,  incorporated herein by reference to Exhibit 1 to the Schedule 13D filed by Johnson & Johnson on September 17, 2010.
(d)(2)*
  
Shareholder Agreement between JHC Nederland B.V. and Crucell N.V., dated as of September 28, 2009, incorporated herein by reference to Exhibit 2 to the Schedule 13D filed by Johnson & Johnson on September 17, 2010.
(d)(3)*
  
Registration Rights Agreement between JHC Nederland B.V. and Crucell N.V., dated as of September 28, 2009, incorporated herein by reference to Exhibit 3 to the Schedule 13D filed by Johnson & Johnson on September 17, 2010.
(d)(4)*
  
Merger Agreement between Cilag Holding AG and Crucell N.V., dated as of October 6, 2010, incorporated herein by reference to Exhibit 1 to Amendment No. 1 to the Schedule 13D filed by Johnson & Johnson on October 7, 2010.
(d)(5)*
  
Form of Irrevocable Undertaking between Johnson & Johnson and Management and Supervisory Board Members of Crucell N.V., incorporated herein by reference to Exhibit 2 to Amendment No. 1 to the Schedule 13D filed by Johnson & Johnson on October 7, 2010.
(d)(6)*
  
Supplementary Addendum to Merger Agreement between Cilag Holding AG and Crucell N.V., dated as of November 30, 2010, incorporated herein by reference to Exhibit 1 to Amendment No. 2 to the Schedule 13D filed by Johnson & Johnson on December 1, 2010.
(d)(7)*
  
Assignment Agreement between Cilag Holding AG, JJC Acquisition Company B.V. and Crucell N.V., dated as of December 6, 2010, incorporated herein by reference to Exhibit 1 to Amendment No. 3 to the Schedule 13D filed by Johnson & Johnson on December 6, 2010.
(g)
  
Not applicable.
(h)
  
Not applicable.
* Previously filed.
 
 
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