SPINE TECH INC
SC 14D1/A, 1998-01-06
ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES
Previous: PAYDEN & RYGEL INVESTMENT GROUP, NSAR-B/A, 1998-01-06
Next: ORTEC INTERNATIONAL INC, SC 13D/A, 1998-01-06



<PAGE>

                     SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C. 20549
                            --------------------
                              SCHEDULE 14D-1/A
                           TENDER OFFER STATEMENT
                              (AMENDMENT NO. 1)
                        PURSUANT TO SECTION 14(D)(1)
                 OF THE SECURITIES AND EXCHANGE ACT OF 1934
                              SPINE-TECH, INC.
                          (Name of Subject Company)
                            --------------------
                 SULZER MEDICA ORTHOPEDICS ACQUISITION CORP.
                                     AND
                              SULZER MEDICA LTD
                                  (Bidder)
                            --------------------
                        COMMON STOCK, $.01 PAR VALUE
                       (Title of Class of Securities)
                            --------------------
                                  848927109
                    (CUSIP Number of Class of Securities)
                            --------------------
                             Lawrence H. Panitz
                              Sulzer Medica Ltd
                            4000 Technology Drive
                             Angleton, TX 77515
                               (409) 848-4000
 (Name, Address and Telephone Number of Person Authorized to Receive Notices
                   and Communications on Behalf of Bidder)
                            --------------------
                                  COPY TO:
                            Peter D. Lyons, Esq.
                             SHEARMAN & STERLING
                            599 LEXINGTON AVENUE
                          NEW YORK, NEW YORK 10022
                          TELEPHONE: (212) 848-4000

                               January 6, 1998


<PAGE>

    This Amendment No. 1 to the Tender Offer Statement on Schedule 14D-1 (the 
"Schedule 14D-1") relates to the offer by Sulzer Medica Orthopedics 
Acquisition Corp., a Minnesota corporation ("Purchaser") and an indirect 
wholly owned subsidiary of Sulzer Medica Ltd, a company organized under the 
laws of Switzerland ("Parent"), to purchase all outstanding shares of common 
stock, $.01 par value (the "Common stock"), of Spine-Tech, Inc., a Minnesota 
corporation (the "Company"), and the associated preferred share purchase 
rights (together with the Common Stock, the "Shares"), at a price of $52.00 
per Share, net to the seller in cash, upon the terms and subject to the 
conditions set forth in Purchaser's Offer to Purchase dated December 19, 1997 
(the "Offer to Purchase") and the related Letter of Transmittal, copies of 
which were attached to the Schedule 14D-1 as Exhibits (a)(1) and (a)(2) 
thereto, respectively. The Schedule 14D-1 was initially filed with the 
Securities and Exchange Commission on December 19, 1997.

    Capitalized terms used but not defined herein have the meanings ascribed 
to such terms in the Offer to Purchase and the Schedule 14D-1.

ITEM 10.  ADDITIONAL INFORMATION.

    Item 10(b)-(c) is hereby amended and supplemented by adding to the end 
thereof the following:

    On January 5, 1998, the Parent was notified that the waiting period 
under the HSR Act applicable to the Offer has been terminated effective
as of December 31, 1997. Accordingly, the Offer has been cleared by all 
applicable governmental authorities regulating antitrust concerns.

ITEM 11.  MATERIAL TO BE FILED AS EXHIBITS.

    Item 11 is hereby amended and supplemented by adding the following 
Exhibit:

    (a)(9) Press Release issued by Purchaser on January 5, 1998.



<PAGE>

    After reasonable 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.


                                        SULZER MEDICA ORTHOPEDICS ACQUISITION 
                                          CORP.

                                        By: /s/ LAWRENCE H. PANITZ
                                            ------------------------------------
                                          Name: Lawrence H. Panitz
                                           Title: Vice President, 
                                                  Secretary and General Counsel

January 6, 1998


<PAGE>

    After reasonable 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.


                                        SULZER MEDICA LTD

                                        By: /s/ ANDRE P. BUCHEL
                                            ------------------------------------
                                          Name: Andre P. Buchel
                                           Title: President and 
                                                  Chief Executive Officer

January 6, 1998


<PAGE>

EXHIBIT INDEX

EXHIBIT                                                       PAGE IN SEQUENTIAL
  NO.                                                         NUMBERING SYSTEM
- -------                                                       ------------------

(a)(1)   Form of Offer to Purchase dated December 19, 1997 ..          *
(a)(2)   Form of Letter of Transmittal ......................          *
(a)(3)   Form of Notice of Guaranteed Delivery ..............          *
(a)(4)   Form of Letter to Brokers, Dealers, Commercial 
           Banks, Trust Companies and Nominees ..............          *
(a)(5)   Form of Letter from Brokers, Dealers, Commercial 
           Banks, Trust Companies and Nominees to Clients ...          *
(a)(6)   Form of Guidelines for Certification of Taxpayer 
           Identification Number on Substitute Form W-9 .....          *
(a)(7)   Summary Advertisement as published in The Wall 
           Street Journal on December 19, 1997 ..............          *
(a)(8)   Press Release issued by Parent on December 19, 
           1997 .............................................          *
(a)(9)   Press Release issued by Publisher on January 5, 
           1998 .............................................
(b)(1)   Commitment Letter dated December 17, 1997 by 
           Credit Suisse First Boston with respect to 
           $250,000,000 Bridge Credit Facility to be 
           provided to the Company ..........................          *
(c)(1)   Agreement and Plan of Merger, dated as of 
           December 15, 1997 among Parent, Purchaser and 
           the Company ......................................          *

- --------------------
* Previously filed.
                                      7


<PAGE>

                                                                Exhibit 99(a)(9)


                                   [SULZER LETTERHEAD]


FOR IMMEDIATE RELEASE
- ---------------------
Larry Panitz, Investor Relations  409/848-4180
T.C. Selman II, Public Relations  409/848-4097




        SULZER MEDICA LTD ANNOUNCES HART-SCOTT-RODINO CLEARANCE

ANGLETON, TX: (January 5, 1998)-Sulzer Medica Orthopedics Acquisition Corp., 
an indirect, wholly owned subsidiary of Sulzer Medica Ltd, has announced that 
it received today notification of the early termination of the waiting period 
under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 applicable to 
its $52.00 per share cash tender offer for Spine-Tech, Inc. announced on 
December 16, 1997. Sulzer Medica said that the early termination became 
effective as of Wednesday, December 31, 1997. Accordingly, Sulzer Medica's 
tender offer has been cleared by all applicable governmental authorities 
regulating antitrust concerns.

Sulzer Medica's tender offer is scheduled to expire at 12:00 Midnight, New 
York City time, on Wednesday, January 21, 1998.

Sulzer Medica Ltd, with sales of approximately 1 billion USD, currently 
employs more than 4800 people worldwide. Sulzer Medica Ltd is focused on the 
development of implantable medical devices and biomaterials for the 
cardiovascular and orthopedics markets worldwide. The company's products 
include heart valves, pacemakers, defibrillators, ablation catheters, 
vascular grafts, artificial knees, hips, shoulders, and dental implants. 
(Zurich Stock Exchange: SMEN; NYSE: SM)




                                  # # # #



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission