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 January 23, 2020 and relates to the tender offer commenced by Stryker Corporation (“Stryker”) to acquire all outstanding ordinary shares of Wright pursuant to the terms of a Purchase Agreement, dated as of November 4, 2019, by and among Wright, Stryker and Stryker B.V.
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Many of you have posed questions regarding the Stryker tender offer. We understand there has been some confusion surrounding the process and hope the more detailed instructions below bring additional clarity.
Please note that the process described belowapplies only to shares held through Merrill Lynch (the administrator of our equity plan and Employee Stock Purchase Plan). If you have transferred your shares from Merrill Lynch to a different broker (such as Fidelity, for example), you will need to follow the instructions provided by your broker.
By now, assuming your current address is on file with Merrill Lynch, you should have received a packet from Merrill Lynch with instructions on how to include your shares in the tender offer. If you have not received anything from Merrill Lynch, please contact Merrill Lynch directly.
Please keep in mind that you may have more than one account with Merrill Lynch. For example, you will have one account for shares acquired through our equity plan and a separate account for shares acquired through the Employee Stock Purchase Plan. You will need to make an election with respect to each of your accounts.
To Participate In The Tender
| a. | If calling from the U.S. between 6:30 a.m. and 4:00 p.m. CST, call (800)937-0616. |
| b. | If calling from the U.S. outside of the above mentioned hours, call (877)767-2404, and |
| i. | Select the language in which you will speak to the representative; |
| ii. | Select 0 to speak to a representative; and |
| iii. | Select 4 (“place a trade”). |
| c. | If calling outside of the U.S., call (609)818-8894. |
| 2. | Tell the representative you are calling to elect to tender your Wright Medical Group N.V. shares as part of the Stryker tender offer. |
| 3. | The representative will verify your identity (you may need to provide certain personal information, such as your date of hire or your social security number). |
| 4. | If you have more than one account, affirmatively tell the representative that you would like to tender with respect to each of your accounts. |
| 5. | You will receive a confirmation in the mail within several days of your conversation with the representative. |
| 6. | When the transaction closes, transfer agent fees of $30.00 per account will be subtracted from your proceeds. You do not need to have cash in your account to make the tender election. |
Keep In Mind
| • | | If you have unvested restricted stock units (RSUs) or performance stock units (PSUs) that vest after you have already made a tender election with Merrill Lynch, but prior to the closing of the Stryker transaction, you will need to follow the process above with respect to the newly vested shares. |
| • | | Unvested RSUs and PSUs will automatically vest upon closing without further action on your part. |
| • | | Unexercised, unexpired options that arein-the-money (meaning the strike price is less than the offer price of $30.75), both vested and unvested, will fully vest at closing and will be cancelled in exchange for a cash payment, without further action on your part. If you havein-the-money options due to expire this year, you may want to consider exercising them because if they expire prior to the closing of the Stryker transaction, they will have no value. |