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Exhibit 99(a)(11)
FOR IMMEDIATE RELEASE INVESTOR CONTACT: Donna Ackerly
Georgeson Shareholder Services Inc.
(212) 440-9837
[email protected]
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PRESS CONTACT: Kimberly Cooper
Siemens Corporation, Public Relations
(732) 906-3802
[email protected]
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SIEMENS COMPLETES TENDER OFFER FOR ACUSON CORPORATION
NEW YORK, November 3, 2000 - Siemens Medical Engineering Group announced
that Siemens has completed its tender offer for the outstanding shares of common
stock of Acuson Corporation (NYSE: ACN). The tender offer expired at 12:00
midnight, eastern standard time, on Thursday, November 2, 2000. Based on
preliminary information received from EquiServe Trust Company, N.A., the
Depositary for the tender offer, a total of 26,026,474 shares (including 701,744
shares subject to guaranteed delivery), representing approximately 93.3% of the
outstanding shares of common stock of Acuson Corporation, were tendered prior to
the expiration of the tender offer and not withdrawn. All shares validly
tendered have been accepted for purchase in accordance with the terms of the
offer.
Under the terms of the merger agreement among Siemens Corporation, its
wholly owned subsidiary, Sigma Acquisition Corp., and Acuson Corporation
announced on September 27, 2000, Siemens will complete its acquisition of Acuson
Corporation by effecting a "short form" merger under Delaware law, in which the
remaining Acuson Corporation shares of common stock will be converted into the
right to receive $23 net per share in cash. The merger is expected to be
completed within the next few days.
Siemens' Medical Engineering Group, headquartered in Erlangen, Germany, is
one of the largest suppliers of healthcare products and services in the world.
The Group is renowned for its innovative products, services and complete
solutions, ranging from imaging systems for diagnostics and therapy products for
treatment to electromedicine and hearing instruments to IT solutions that
optimize workflow and increase efficiency in hospitals, clinics and doctors'
offices.
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Press releases issued are available on our web site at:
http://www.usa.siemens.com/News_and_Press/RecentPressReleases.htm
