This filing contains the following email to Wright employees from Julie Andrews, Senior Vice President, Global Finance, of Wright Medical Group N.V. (“Wright”), which was sent to Wright employees on December 16, 2019 and relates to the proposed acquisition of Wright pursuant to the terms of a Purchase Agreement, dated as of November 4, 2019, by and among Wright, Stryker Corporation and Stryker B.V.
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December 16, 2019
Dear Wright team member,
On Friday, in connection with the previously announced transaction pursuant to which Wright will be acquired by Stryker, Stryker filed with the Securities and Exchange Commission the requisite documentation to commence the purchase of all of Wright’s outstanding shares for $30.75 per share in cash.
If you own shares of Wright, you will receive (either directly or through your broker), in the near term, copies of the filed documents. These documents contain instructions on how to tender your shares, which, if accepted in the offer, will be exchanged for the cash consideration.
If you choose to participate in the offer, how you tender your shares will depend on whether your shares are registered in your name or are held in “street” name (i.e., registered in the name of a broker).
| • | | If your shares are registered in your name, you will need to complete the letter of transmittal that you will receive and submit it according to its instructions. |
| • | | If your shares are registered in the name of a broker, you will need to complete the letter of transmittal that you will receive and any additional documentation provided to you by your broker. |
A small number of employee shareholders have shares registered in his or her name; namely, those employees who participated in the Employee Stock Purchase Plan prior to 2014. The vast majority of employee shareholders (including those who participated in the Employee Stock Purchase Plan after January 1, 2014 and employees that have received shares under Wright’s equity and incentive plans) have shares registered in the name of a broker (Merrill Lynch). Shares would be held in “street” name if you purchased shares in the open market using a broker.
Assuming you satisfactorily submit the required documentation and the transaction closes, you will receive $30.75 per share in cash, without interest and less applicable withholding taxes, when the transaction closes. The offer is subject to certain conditions and other terms described in the filed documents.
The documents you will receive contain important information, and you should read them carefully and in their entirety before making a decision with respect to the offer. You should also read carefully the Schedule14D-9 that Wright filed with the Securities and Exchange Commission and that will also be delivered to all shareholders.
For your convenience, I have included several FAQs regarding certain terms of the offer. Please keep in mind that the information in the FAQs is only a summary and is not meant to be a substitute for the more detailed description and information contained in the offer documents.
If you have further questions about the tender offer or need any assistance, please contact Innisfree M&A Incorporated, the information agent for the offer, at its address and telephone numbers set forth below:
Innisfree M&A Incorporated
501 Madison Avenue, 20th floor
New York, New York 10022
Shareholders may call toll free: (888)750-5834
If, after reviewing the filed documents and speaking to the information agent, you still need additional assistance, please contact Marija Nelson.
Best regards,
Julie Andrews
Senior Vice President, Global Finance
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