Business
Strong Success of the Tender Offer Initiated by Alphatec Holdings for Common Shares and Oceanes of EOS imaging
ATEC secures ~89% of EOS common shares and voting rights as of May 13, 2021 PARIS--(BUSINESS WIRE)-- Regulatory News: This press release features multimedia.
About this update from Alphatec Holdings, Inc.
[{"type":"text","content":"\nATEC secures ~89% of EOS common shares and voting rights as of May 13, 2021\n\n PARIS--(BUSINESS WIRE)--\nRegulatory News:\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210511006268/en/\nAlphatec Holdings, Inc. (Nasdaq: ATEC) and EOS IMAGING, S.A. (Paris:EOSI) are pleased to report strong progress in the tender offer filed by ATEC for the common shares and outstanding convertible bonds (OCEANEs) of EOS imaging, the results of which were published on May 10, 2021, by the Autorité des Marchés Financiers (AMF), with settlement expected to occur on May 13, 2021.\n\nResults of the offer\n\n15,815,971 shares and 2,312,074 \"OCEANEs\" of EOS IMAGING were tendered to the offer.\n\nIn accordance with the terms of the AMF's general regulations, ATEC acquired on the market, between March 8 and May 7, 2021, 7,940,090 common shares and 174,061 OCEANEs of EOS IMAGING.\n\nIn total, ATEC will hold 23,756,061 EOS IMAGING common shares at the end of the settlement/ delivery transactions scheduled on May 13, 2021, representing the same number of voting rights, i.e. 89.1% of the common shares and voting rights of the EOS1.\n\nIn addition, ATEC will hold 2,486,135 EOS IMAGING OCEANEs representing 57.2% of the OCEANEs issued and outstanding.\n\nReopening of the Offer\n\nThe notice of result published on May 10 by the AMF is available on the AMF website (www.amf-france.org). In accordance with the requirements of article 232-4 of the AMF's general regulations, the AMF will re-open the Offer on May 17, 2021, at the same price, i.e. (i) €2.45 per share and €7.01 per OCEANE (coupon attached and due on May 31, 2021) or (ii) €6.81 per OCEANE (coupon detached and due on May 31, 2021), in order to allow holders of EOS imaging who have not tendered their shares or OCEANEs to do so.\n\nABOUT EOS imaging\n\nEOS imaging is a global medical device company that designs, develops and markets innovative, low dose 2D/3D full body and weight-bearing imaging, rapid 3D modeling of EOS patient X-ray images, web-based patient-specific surgical planning, and integration of surgical plan into the operating room that collectively bridge the entire spectrum of care from imaging to post-operative assessment capabilities for orthopedic surgery. With a primary focus on hips, knees, and spine, EOS imaging is target...