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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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AMENDMENT NO. 1 TO
SCHEDULE 14D-1
TENDER OFFER STATEMENT
(PURSUANT TO SECTION 14(d)(1) UNDER THE SECURITIES EXCHANGE ACT OF 1934)
AND
AMENDMENT NO. 1 TO
SCHEDULE 13D
(UNDER THE SECURITIES EXCHANGE ACT OF 1934)
ADFLEX SOLUTIONS, INC.
(Name of Subject Company)
INNOVEX ACQUISITION CORP.
A WHOLLY-OWNED SUBSIDIARY OF
INNOVEX, INC.
(Bidder)
COMMON SHARES
(Title of Class of Securities)
006866107
(CUSIP Number of Class of Securities (if applicable))
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THOMAS W. HALEY
INNOVEX, INC.
530 ELEVENTH AVENUE SOUTH
HOPKINS, MN 55343
(612) 930-4677
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications on Behalf of Bidder)
WITH COPIES TO:
William B. Payne, Esq. John T. Kramer, Esq.
Dorsey & Whitney LLP Dorsey & Whitney LLP
Pillsbury Center South Pillsbury Center South
220 South Sixth Street 220 South Sixth Street
Minneapolis, Minnesota 55402 Minneapolis, Minnesota 55402
(612) 340-2722 (612) 340-8702
CALCULATION OF FILING FEE
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TRANSACTION VALUATION* AMOUNT OF FILING FEE**
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$38,297,689 $7,659.54
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* For purposes of calculating the filing fee only. The total transaction value
is based on 8,984,518 common shares (the 'Shares') of the subject company
outstanding as of July 1, 1999 plus 1,093,821 shares issuable upon
exercise of options that were outstanding on that date, multiplied by the
offer price of $3.80 per Share.
** The amount of the filing fee, calculated in accordance with Rule 0-11(d)
under the Securities Exchange Act of 1934, as amended, equals 1/50th of one
percent of the aggregate cash offered by the bidder.
/X/ Check 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
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Amount Previously Paid: $6,828.23 Filing Party: Innovex, Inc.
Form or Registration No.: 14D-1 Date Filed: July 7, 1999
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(CONTINUED ON FOLLOWING PAGE(S))
(Page 1 of 3 Pages)
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This Amendment No. 1 amends and supplements Schedule 14D-1 filed with the
Securities and Exchange Commission on July 7, 1999 to reflect the amount of
the additional filing fee required to be paid with respect to the shares
issuable upon exercise of options that were outstanding on July 1, 1999.
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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: August 2, 1999 INNOVEX ACQUISITION CORPORATION
By: /s/ DOUGLAS W. KELLER
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Name: Douglas W. Keller
Title: Vice President, Finance
INNOVEX, INC.
By: /s/ DOUGLAS W. KELLER
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Name: Douglas W. Keller
Title: Vice President, Finance
