Item 8. |
Additional Information |
Item 8 of the Schedule 14D-9 is hereby amended and supplemented as follows:
Adding a new section immediately prior to the section captioned Forward-Looking Statements as set forth below:
Final Results of the Offer and Completion of the Merger
The Offer and any withdrawal rights thereunder expired at 12:00 midnight, Eastern Time, at the end of the day on June 6, 2022 (the
Expiration Time). According to American Stock Transfer & Trust Company, LLC, the depositary for the Offer, as of the Expiration Time, 194,816,290 Shares had been validly tendered into and not validly withdrawn from the Offer,
representing approximately 66.0% of the outstanding Shares (not including 9,464,299 Shares delivered through Notices of Guaranteed Delivery, representing approximately 3.2% of the outstanding Shares). The number of Shares validly tendered and not
validly withdrawn pursuant to the Offer satisfied the Minimum Condition. All conditions to the Offer having been satisfied or waived, Purchaser accepted for payment and will promptly pay for all Shares that were validly tendered and not validly
withdrawn in accordance with the terms of the Offer.
As a result of its acceptance for payment of all Shares validly tendered and not
validly withdrawn pursuant to the Offer, Purchaser owns at least the percentage of Shares that would be required to adopt the Merger Agreement by a vote of the stockholders of Cerner in accordance with Section 251(h) of the General Corporation
Law of the State of Delaware (the DGCL). Pursuant to Section 251(h) of the DGCL, subject to the satisfaction of the remaining conditions set forth in the Merger Agreement, Oracle, Parent and Purchaser intend to complete the
acquisition of Cerner through the Merger as promptly as practicable without a meeting of Cerners stockholders or any further action by Cerners stockholders. In the Merger, each Share issued and outstanding immediately prior to the
effective time of the Merger (other than (i) Shares held by Cerner as treasury stock or owned by Oracle, Parent, Purchaser or any subsidiary of Cerner, or (ii) Shares held by stockholders who properly exercised appraisal rights in
accordance with Section 262 of the DGCL) will be converted into the right to receive the Offer Price, net to the holder in cash, without interest thereon and subject to any required tax withholding.
Following the Merger, the Shares will be delisted and will cease to trade on the Nasdaq Global Select Market. Oracle and Purchaser intend to
take steps to cause the termination of the registration of the Shares under the Exchange Act and suspend all of Cerners reporting obligations under the Exchange Act as promptly as practicable.
On June 7, 2022, Oracle issued a press release announcing the expiration and results of the Offer. The full text of the press release is
attached as Exhibit (a)(5)(Y) hereto and is incorporated herein by reference.
The following Exhibit is attached hereto:
(a)(5)(Y) |
Press Release issued by Oracle Corporation on June 7, 2022, announcing the expiration and results of the Offer
(incorporated by reference to Exhibit (a)(5)(Q) to Schedule TO Amendment No. 8). |