Letter to Customers
Dear Valued Customers,
You may already have seen the attached press release this morning confirming that Cambrex has signed a definitive agreement to be acquired by Permira, a global investment firm. We estimate that the transaction will be finalized in Q4, 2019 at which time Cambrex will become a privately held company.
The management team at Cambrex is very excited with this development. We believe it is a recognition of our strategy to become the premier CDMO in small molecules and will allow Cambrex to continue the next stage of its growth.
The recent acquisitions of Halo Pharma and Avista Pharma Solutions added drug product manufacturing and analytical services to the company’s expertise in drug substance, and allowed Cambrex to expand customer relationships over a broader range of the product lifecycle.
We believe this is another exciting step forward for Cambrex and want to assure you, our valued customers, that you remain our top priority. We believe the partnership with Permira will allow us to continue to grow and support your needs.
On behalf of the entire Cambrex team, we would like to thank you for your support and allowing us to be the experts you enjoy working with. We will continue to do all we can to exceed your expectations.
If you have any questions, please reach out to your Cambrex contacts and if you need any further support, our management team is available to assist you.
Best regards,
| | |
Steve Klosk | | Shawn Cavanagh |
President and CEO | | Executive VP and COO |
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this communication, including financial estimates and statements as to the expected timing, completion and effects of the proposed transaction between Cambrex and Permira, constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may be identified by the fact that they use words such as “may,” “will,” “could,” “should,” “would,” “expect,” “anticipate,” “intend,” “estimate,” “believe” or similar expressions. Any forward-looking statements contained herein are based on current plans and expectations and involve risks and uncertainties that could cause actual outcomes and results to differ materially from current expectations. These forward-looking statements are subject to risks and uncertainties, and actual results might differ materially from those discussed in, or implied by, the forward-looking statements. Such forward-looking statements may include, but are not limited to, statements about the anticipated benefits of the merger, including future financial and operating results, expected synergies and cost savings related to the merger, the plans, objectives, expectations and intentions of Cambrex, Permira and the combined company, the expected timing of the completion of the merger, and other statements that are not historical facts. Such statements are based upon the current beliefs and expectations of the management of Cambrex or Permira, as applicable, and are qualified by the inherent risks and uncertainties surrounding future expectations generally, and actual results could differ materially from those currently anticipated due to a number of risks and uncertainties. Neither Cambrex nor Permira, nor any of their respective directors, executive officers or advisors, provide any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements will actually occur. Among the risks and uncertainties that could cause actual results to differ from those described in the forward-looking statements are the following: the occurrence of any event, change or other circumstances that could give rise to the termination of the merger Agreement, the risk that Cambrex’s stockholders may not adopt the merger Agreement, the risk that the necessary regulatory approvals may not be obtained or may be obtained subject to conditions that
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