UNITED STATES | |||
SECURITIES AND EXCHANGE COMMISSION | |||
Washington, D.C. 20549 | |||
SCHEDULE 14A | |||
Proxy Statement Pursuant to Section 14(a) of the Securities | |||
Exchange Act of 1934 (Amendment No. ) | |||
| Filed by the Registrantý | |||
| Filed by a Party other than the Registranto | |||
| Check the appropriate box: | |||
| o | Preliminary Proxy Statement | ||
| o | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) | ||
| o | Definitive Proxy Statement | ||
| o | Definitive Additional Materials | ||
| ý | Soliciting Material Pursuant to §240.14a-12. | ||
Dendrite International, Inc. |
| (Name of Registrant as Specified In Its Charter) |
| (Name of Person(s) Filing Proxy Statement, if other than the Registrant) |
| Payment of Filing Fee (Check the appropriate box): | ||||
ý | No fee required. | |||
o | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. | |||
| (1) | Title of each class of securities to which transaction applies: | |||
| (2) | Aggregate number of securities to which transaction applies: | |||
| (3) | Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined): | |||
| (4) | Proposed maximum aggregate value of transaction: | |||
| (5) | Total fee paid: | |||
o | Fee paid previously with preliminary materials. | |||
o | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. | |||
(1) | Amount Previously Paid: | |||
| (2) | Form, Schedule or Registration Statement No.: | |||
| (3) | Filing Party: | |||
| (4) | Date Filed: | |||
| Explanatory Note |
The following materials were disseminated on March 2, 2007 by Dendrite International, Inc. (“the Company”):
| 1) | Q&A regarding the transaction, |
| 2) | a letter to the customers of the Company, |
| 3) | a letter to employees of the Company, |
| 4) | slides from a presentation given to employees of the Company and |
| 5) | slides from a presentation given to customers of the Company. |
|
| Strategic Rationale |
| 1. | What’s the rationale for this transaction? |
| The offer made by Cegedim represents a significant premium to our recent share price and good value for Dendrite shareholders. The combination will create a major player in the provision of diversified sales, marketing, clinical and compliance solutions to the global life sciences and pharmaceutical industry. The strategic potential of the combination will provide our clients with a broader, more balanced mix of products and present opportunities to our employees. Also, the combined entity will create a powerful global player with vertical expertise that we believe will be able to compete with multi-nationals such as IBM, SAP, Accenture, Oracle and others who are operating within this space. | |
| 2. | What does Dendrite add to Cegedim’s product portfolio? |
| The combination of the two companies will give access to a more comprehensive product portfolio to a broader range of customers: | |
| • | Both Dendrite and CEGEDIM are global companies with market share strengths in various regions. The combined company creates greater global coverage for its products and services. | |
| • | The combination of the two companies creates a global supplier for the major pharmaceutical companies looking for increasingly dedicated and comprehensive solutions which can be deployed in every region and for every kind of business (including ethical, generics, biopharma). | |
| • | DENDRITE brings CEGEDIM into the booming Chinese and Russian markets. | |
| • | Dendrite provides CEGEDIM with a solution enabling double-byte characters for the Japanese and Chinese markets. | |
3. Is there an overlap between Dendrite and Cegedim activities? Will this result in Dendrite employees losing their jobs?
This transaction is primarily about growth and for the most part both companies operations are complementary in that they target different clients in
different geographies. That said there may be some overlap that will be investigated by the joint integration team.
| Transaction/Financial |
| 4. | What are the terms of the transaction? |
| This is an all cash transaction. Dendrite shareholders will receive $16 per share in cash. | |
| 5. | How does Cegedim intend to finance transaction? |
| The transaction will be financed through a combination of cash on hand and bank debt. | |
| Regulatory |
| 6. | Do you expect any regulatory/legislative hurdles to complete the transaction? |
| No, we expect the transaction will receive regulatory approval. | |
| 7. | Does the transaction require Cegedim shareholder approval? Dendrite shareholder approval? |
| The transaction only requires shareholder approval from Dendrite’s shareholders. | |
| 8. | When do you expect the transaction to close? |
| The transaction is expected to close in a few months. | |
| Integration |
| 9. | What will happen between now and when the transaction closes? |
| Until the transaction closes, we will continue to operate as separate companies. We will continue to service our customers and continue our business development efforts. Transition teams comprised of personnel from Cegedim and from Dendrite will be established and tasked with ensuring a smooth integration of Dendrite processes and practices with those of Cegedim. | |
| 10. | What will that entail? |
| It will be a set of detailed plans for the most effective integration of people, processes, solutions and technology infrastructure of the combined organizations. | |
| 11. | Who will participate in the transition teams? |
| Key managers with a strong understanding of our respective company operations will be asked to participate on the transition teams. These teams will be established as soon as practical. | |
| 12. | Who will hold senior leadership positions in the company? |
| Cegedim has made it very clear that retaining Dendrite’s management is a key priority as part of the integration. It is expected that some of Cegedim’s senior leadership will take an active role in the most senior leadership positions of the new company. | |
| 13. | Will Dendrite remain a public company? |
| Dendrite will become a part of Cegedim, which is publicly traded on Euronext, therefore Dendrite will no longer be a US public company or listed on Nasdaq. | |
| 14. | Will the Dendrite name be retained by Cegedim? |
| It is expected that all operations will operate as Cegedim, however the specific naming will be decided by Cegedim at a later date. | |
| 15. | What management retention plans do you have in place? |
| Cegedim has been very clear that its decision to acquire Dendrite is based on the strength and skills of our talented management team and employees. The new combined company will continue to retain key people in the organization. | |
| 16. | Will Cegedim remain headquartered in Paris? |
| Yes, the company’s headquarters will remain in Paris. | |
| 17. | Do you anticipate closing any offices or other operations ? If so, where and when? |
The exact details of the integration are still to be defined. Operations and office locations should be defined over the next 3-4 months in those countries where | |
| Employee-Specific Questions |
| 18. | What will happen to my 401(k) or other retirement monies? |
| Your current 401k and other Dendrite retirement plans will carry over and continue after the merger. Funds held as Dendrite stock in your plan will be allocated to other investments in the plan. | |
| 19. | I currently hold shares of Dendrite stock. What happens to my shares once the transaction is completed? |
| Current shareholders will receive compensation according to the terms of the deal. | |
| 20. | If I hold Dendrite stock options or Restricted Stock Units, what happens to my stock options and or RSU’s once the transaction is completed? |
| This transaction constitutes a change in control so all stock options and RSU’s will vest immediately upon completion of the transaction. Option and RSU holders will be sent details on how to execute the option and/RSU transactions appropriately. Options with a grant price above the per share closing price will be cancelled. | |
| 21. | How will our benefits – medical, dental, etc. – be impacted? |
| Your current benefit package will carry over and continue after the merger. | |
| 22. | Will we still receive a merit increase on May 1? |
| The performance review process and merit process will be completed. It is anticipated that the May 1 date will remain as planned | |
| 23. | What do I do if I receive a call from the media or other parties outside the organization? |
| You should never speak with reporters, journalists, other media representatives, investors or competitors. Any questions or other communications you receive from anyone outside of Dendrite other than customers should be directed immediately as follows: | |
| Media David Coman | |
| Vice President Global Marketing | |
| (908)443-2457 | |
| Investor Christine Croft | |
| Vice President Investor Relations | |
| (908) 443-4265 | |
| Customer Questions |
| 24. | How will customer communications be handled? | |
| Customer communication messages and activities will be fully coordinated between our Corporate Marketing group and the various client business teams. They will include: | ||
- | Customer letters addressed by Joe Ripp | |
- | Face to face briefings conducted by our business leaders | |
- | Presentation materials for our sales organization | |
- | Talking points for all customer facing personnel | |
All materials are available from your local business leader. |
| 25. | What happens to our existing customer contracts or proposals? |
| All existing customer contracts and proposals will remain unchanged. | |
| 26. | How do we manage any existing customer proposals and pipeline deals? |
| Prior to the closing of this transaction we must continue to operate our respective businesses independently. As the news is public regarding the acquisition, this should form part of your discussion with the prospect. Cegedim is interested in Dendrite to strengthen and grow the company. We anticipate that our robust products and services will continue to be offered and serviced bythe new organization | |
| 27. | What happens to any existing alliances and partnerships with third party companies? |
| Alliances and partnerships will remain intact. |
Additional Information and Where to Find it
In connection with the proposed merger, Dendrite will prepare a proxy statement for the shareholders of Dendrite to be filed with the Securities and Exchange Commission. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, DENDRITE’S SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT (WHEN IT BECOMES AVAILABLE) BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER. Investors and security holders may obtain a free copy of the proxy statement (when available) and other documents filed by Dendrite with the Commission at the Commission’s web site atwww.sec.gov. These documents may be accessed and downloaded for free at Dendrite’s web site at www.dendrite.com or by directing a request to investorrelations@dendrite.com.
Participants in the Solicitation
Dendrite and its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from Dendrite shareholders in respect of the proposed transaction. Information regarding these participants will be available in the proxy statement (when available).
Advisors disclaimer
Banc of America Securities Limited and SG Americas Securities, LLC acted as advisors only to CEGEDIM, and no other party, in connection with this transaction and will not be responsible to anyone other than CEGEDIM for providing the protections afforded to customers of Banc of America Securities Limited and SG Americas Securities, LLC or for providing advice in relation to this transaction. Banc of America Securities Limited and Société Générale, parent company of SG Americas Securities, LLC, are authorized and regulated in the United Kingdom by the Financial Services Authority.
| # # # |
I wanted to let you know personally that we announced today that Dendrite has entered into a definitive agreement to be acquired by Cegedim.
This is a very exciting and important day for our Company. We are confident that this transaction will significantly improve our ability to meet your needs, and helps us to address the fast changing pharmaceutical industry business environment.
As you may know, Cegedim is a premier supplier of healthcare technology and information services in Europe and has operations in more than 75 countries across the globe. Upon completion of our transaction, the combined company will have the resources to compete more effectively in the global marketplace.
Together and with the benefit of worldwide market coverage, our new company will have a broader product portfolio and increased scale and scope to provide you with a wider range of services to help you succeed. In addition it is an opportunity to combine and increase our capabilities in Research & Development to better face future business and technological challenges by providing you new innovative solutions.
As we build toward this exciting future, I want to assure you that we are committed to providing the high quality of service which you have come to expect.
For your reference, I’ve attached the press release of the announcement. Until the acquisition is approved, we will continue to operate as separate companies. During this time, we are committed to answering what we can and updating you with new information as soon as it becomes available. In the mean time, if you have any additional questions please contact me or your Account Manager.
| Thank you for your support. |
| Sincerely, |
| Joseph A. Ripp President and COO Dendrite International, Inc. |
Additional Information and Where to Find it
In connection with the proposed merger, Dendrite will prepare a proxy statement for the shareholders of Dendrite to be filed with the Securities and Exchange Commission. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, DENDRITE’S SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT (WHEN IT BECOMES AVAILABLE) BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER. Investors and security holders may obtain a free copy of the proxy statement (when available) and other documents filed by Dendrite with the Commission at the Commission’s web site atwww.sec.gov. These documents may be accessed and downloaded for free at Dendrite’s web site at www.dendrite.com or by directing a request to investorrelations@dendrite.com.
Participants in the Solicitation
Dendrite and its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from Dendrite shareholders in respect of the proposed transaction. Information regarding these participants will be available in the proxy statement (when available).
Advisors disclaimer
Banc of America Securities Limited and SG Americas Securities, LLC acted as advisors only to CEGEDIM, and no other party, in connection with this transaction and will not be responsible to anyone other than CEGEDIM for providing the protections afforded to customers of Banc of America Securities Limited and SG Americas Securities, LLC or for providing advice in relation to this transaction. Banc of America Securities Limited and Société Générale, parent company of SG Americas Securities, LLC, are authorized and regulated in the United Kingdom by the Financial Services Authority.
Dear Colleagues,
I wanted to let you know personally that today we announced Dendrite has entered into a definitive agreement to be acquired by Cegedim for $16 per share in cash.
This is a very exciting and important day for the Company and we are confident that this transaction will significantly improve our offering to customers and bring benefits to employees.
The combined $1.1 billion company will create a powerful global player with vertical expertise that will be able to compete effectively with giants such as Oracle, IBM, SAP, Accenture and others that are operating within this space. Dendrite and Cegedim's operations and product offerings complement each other to enable a broader product portfolio and increased scale and scope, as well as industry-leading expertise among our highly skilled employees.
In my conversations with Cegedim, they have been very clear that their decision to acquire Dendrite is about growth and is in large part due to the strength and skills of our talented management team and employees. We expect the new company to provide an exciting future for our employees around the world. To the extent that there is some overlap in regions where we both operate, the goal will be to integrate resources to make the new company stronger.
It's important to know that today's announcement is the first step in a process that may take several months and until we close it is vitally important that we continue to conduct business as usual and that Dendrite and Cegedim continue to operate as separate companies. The most important part of that is continuing to focus on meeting our customers' needs.
For your reference, I've attached the press release of the transaction announcement and over the coming weeks and months I will update you with new information as soon as it becomes available. You will be receiving additional information shortly regarding specific employee meetings.
The incredible value of this transaction is a true reflection of all of your hard work. Thank you for your continued dedication and support.
Sincerely,
Joseph A. Ripp
President and COO
Additional Information and Where to Find it
In connection with the proposed merger, Dendrite will prepare a proxy statement for the stockholders of Dendrite to be filed with the Securities and Exchange Commission. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, DENDRITE'S STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT (WHEN IT BECOMES AVAILABLE) BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER. Investors and security holders may obtain a free copy of the proxy statement (when available) and other documents filed by Dendrite with the Commission at the Commission's web site atwww.sec.gov. These documents may be accessed and downloaded for free at Dendrite's web site atwww.dendrite.com or by directing a request to investorrelations@dendrite.com.
Participants in the Solicitation
Dendrite and its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from Dendrite shareholders in respect of the proposed transaction. Information regarding these participants will be available in the proxy statement (when available).
What is the News?
- On March 1, Dendrite agreed to be acquired by Cegedim.
- Cegedim has agreed to pay $16 per share for Dendrite's outstanding shares in an all-cash transaction.
- $16 represents a significant premium and a good value for our shareholders
- Transaction is expected to close in a few months.
- Once the transaction closes, Dendrite will be a wholly-owned subsidiary of Cegedim.
Who is Cegedim?
- Headquartered in Paris, France
- Provides physician data, direct marketing and CRM technology and services to the pharmaceutical industry
- A market leader in Europe
- Founded in 1969
- 2006 revenue: 539 million euros ($707 million)
- 4,700 employees in more than 75 countries
- Publicly traded on the Euronext Market: CGM
Profile of the Combined Company
- Combined 2006 revenues of $1.1 billion
- Worldwide leader of vertically-focused sales and marketing solutions
Enables us to compete with horizontal giants, such as IBM, Oracle, SAP, and Accenture, who are operating within this space
An expanded sales effectiveness and marketing product portfolio to meet our customers’ needs in Europe, the Americas and Asia.
Innovative solutions in the emerging Compliance space
- 7,500 Employees
Dendrite Brings Significant Assets to Cegedim
- Combination of Dendrite’s global presence acrossthe Americas, Asia and Europe, along withCegedim’s European operations, significantlyexpands our ability to serve customers globally
- Dendrite’s fully-customizable SFA solutions andemerging cell phone solutions complementCegedim’s EU market leading ASP model
- Dendrite’s strategic marketing solutions are astrong complement to Cegedim’s existing portfolio
- Dendrite brings compliance solutions intoCegedim’s existing portfolio
- Dendrite’s Centers of Excellence in Poland andIndia will enable greater new product innovation
What does this mean for you?
- A key factor in Cegedim’s decision to acquire Dendrite is the strength and skills of our talented management team and employees.
- Employees will be part of a larger and exciting growth opportunity.
- The changes we have made over the past year have positioned us well:
Invested in hardware and call center operations
Created two Centers of Excellence (India & Poland)
Established an Asian headquarters in Singapore
- Integration teams will be formed to determine future plans
- You must stay focused on existing responsibilities – 2007 goals need to be established
How Will We Keep You Informed?
- We sent you a letter immediately following the press release, along with the releaseitself
- We have a series of meetings today withvarious groups to make sure everyone is informed
- We will share additional information with you as soon as we can
- If you have specific employee-related questions, please contact your manager or local HR representative
What does this mean for our customers?
- An organization with the strength to invest in more robust products to solve the needs of life science companies
- Larger, stronger organization with a full range of products and services delivered on a global basis.
- Existing product and solutions will be part of the new company portfolio
Current proposals will remain the same
Current contracts will remain the same
- Existing account relationships will continue uninterrupted
- We will continue to provide the same exceptional quality of service they have come to expect
What do I tell my customers?
- Many of the most senior customers have already been contacted
- Customer letters have already been sent byJoe Ripp
- A Powerpoint briefing was prepared for Dendrite customers and prospects
- Specific talking points and training were given to sales and implementation teams
- If there is any confusion, speak with your manager
What if I receive a customer inquiry?
- Make sure you know with whom you are speaking
- If it is about the transaction, refer the call to their account manager or the most senior manager available
- Do not speculate on “what-ifs” with customers
- We should properly communicate the benefits of the combined merger asprovided in talking points
What if a reporter or investor asks about the situation?
- A press release was distributed directly to the media and key investors
- Do not answer media or investor questions. Refer as follows:
Media |
| David Coman |
| (908) 443-2457 |
Investor |
| Christine Croft |
| (908) 443-4265 |
What happens next?
Formation of integration teams
Regulatory approval
Shareholders vote
Continue to operate as separate companies
No discussion between companies about pricing, pending contracts, etc.
Continue to focus on meeting our customers’ needs.
What Should I Do Tomorrow?
- Business as Usual – 2007 is still “The Year ofSales”
- Generate new business
- Continue to provide our customers with excellentservice
- IF YOU KEEP YOUR MIND ON YOUR CUSTOMER’S NEEDS, EVERYBODY WINS
- Achieve 2007 sales and performance objectives
- Contact you manager or local human resourcesrepresentative with questions
What Should I Avoid Doing Tomorrow?
- Do not waste time speculating
- Do not enable your key prospects to delay their decision
- Do not take media or investor calls
- Do not make up answers for questions we are unable to answer
- Do not send any unauthorized written communication about the transaction
Additional Information and Where to Find it
In connection with the proposed merger, Dendrite will prepare a proxy statement for the shareholders of Dendrite to be filed with the Securities and Exchange Commission. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, DENDRITE’S SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT (WHEN IT BECOMES AVAILABLE) BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER. Investors and security holders may obtain a free copy of the proxy statement (when available) and other documents filed by Dendrite with the Commission at the Commission’s web site atwww.sec.gov. These documents may be accessed and downloaded for free at Dendrite’s web site at www.dendrite. com or by directing a request to investorrelations@dendrite. com.
Participants in the Solicitation
Dendrite and its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from Dendrite shareholders in respect of the proposed transaction. Information regarding these participants will be available in the proxy statement (when available) .
Advisors disclaimer
Banc of America Securities Limited and SG Americas Securities, LLC acted as advisors only to CEGEDIM, and no other party, in connection with this transaction and will not be responsible to anyone other than CEGEDIM for providing the protections afforded to customers of Banc of America Securities Limited and SG Americas Securities, LLC or for providing advice in relation to this transaction. Banc of America Securities Limited and Société Générale, parent company of SG Americas Securities, LLC, are authorized and regulated in the United Kingdom by the Financial Services Authority.
Transaction Overview
- Combination of CEGEDIM and Dendrite brings together two global players focused on delivering advanced salesforce and marketing solutions to the pharma market.
- Transaction will bring significant benefits to customers of both companies
Increased global reach
Expanded product portfolio
Greater resources to invest in innovation
Stronger competitor
- Transaction expected to close in a few months – until then it’s business as usual
Who is Cegedim?
- Headquartered in Paris, France
- Provides physician data, direct marketing and CRM technology and services to thepharmaceutical industry
- A market leader in Europe – operations in 21European countries
- Founded in 1969
- 2006 revenue: 539 million euros ($707 million)
- 4,700 employees in more than 75 countries
- Publicly traded on the Euronext Market: CGM
Profile of the Combined Company
- Combined 2006 revenues of $1.1 billion
- Operations in more than 60 countries
- Worldwide leader of vertically-focused sales and marketing solutions
Enables us to compete with horizontal giants such as: IBM, Oracle, SAP, and Accenture who are operating within this space
An expanded sales effectiveness and marketing product portfolio to meet our customers’ needs in Europe, the Americas and Asia.
Innovative solutions in the emerging Compliance space
- 7,500 Employees
Dendrite Brings Significant Assets to Cegedim
- Combination of Dendrite’s global presence across theAmericas, Asia and Europe along with Cegedim’sEuropean operations significantly expands our abilityto serve customers globally
- Dendrite’s fully-customizable SFA solutions andemerging cell phone solutions compliment Cegedim’sEU market leading ASP model
- Dendrite’s marketing solutions are a strongcomplement to Cegedim’s existing portfolio
- Dendrite brings compliance solutions into Cegedim’sexisting portfolio
- Dendrite’s Centers of Excellence in Poland and Indiawill enable greater new product innovation
Cegedim Brings Significant Assets to Dendrite Customers
- Cegedim broad presence in Europe with stronglocal support organization significantly expands our ability to serve customers globally
- Cegedim regionalized product portfolio provides alarger choice of customized solutions to meet specific market needs
- Cegedim brings a unique multi-country HealthcareProfessional Database offer with fully standardizedstructure and maintenance processes
- Cegedim Strategic & Profiling Data will perfectly fitwith Dendrite’s Marketing Solutions
What does this mean for you?
- Current account relationships will continue uninterrupted
- We will continue to provide the same quality service you expect as a Dendrite customer
- Existing product and solutions will be part of the new company portfolio
Current proposals will remain the same
Current contracts will remain the same
- Larger, stronger organization with an increased range of products and services delivered on a global basis
- An organization with the strength to invest in new product innovation to meet the future needs of life science customers
What happens next?
Business as usual
Integration teams will be established
Develop plans for the most effective integration of resources
Ensure no disruption in services
We will communicate as integration plans are solidified
Until closed, the two companies will continue to act independently
As Dendrite’s most valued assets, we commit to communicate throughout this process
What happens next?
- Thank you for your continuing support
- We look forward to our continuedrelationship
Additional Information and Where to Find it
In connection with the proposed merger, Dendrite will prepare a proxy statement for the shareholders of Dendrite to be filed with the Securities and Exchange Commission. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, DENDRITE’S SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT (WHEN IT BECOMES AVAILABLE) BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER. Investors and security holders may obtain a free copy of the proxy statement (when available) and other documents filed by Dendrite with the Commission at the Commission’s web site atwww.sec.gov. These documents may be accessed and downloaded for free at Dendrite’s web site at www.dendrite. com or by directing a request toinvestorrelations@dendrite. com.
Participants in Solicitation
Dendrite and its executive officers and directors and other members of management and employees may be deemed to be participants in the solicitation of proxies from Dendrite shareholders in respect of the proposed transaction. Information regarding the officers and directors of Dendrite is included in its definitive proxy statement for its 2006 annual meeting filed with SEC on March 21, 2006, which is available free at the SEC's website,http://www. sec.gov, and at Dendrite's website,http://www. dendrite. com. More detailed information regarding the identity of potential participants, and their direct or indirect interests, by securities, holdings or otherwise, will be set forth in the proxy statement and other materials to be filed with SEC in connection with the proposed transaction.
Advisors disclaimer
Banc of America Securities Limited and SG Americas Securities, LLC acted as advisors only to CEGEDIM, and no other party, in connection with this transaction and will not be responsible to anyone other than CEGEDIM for providing the protections afforded to customers of Banc of America Securities Limited and SG Americas Securities, LLC or for providing advice in relation to this transaction. Banc of America Securities Limited and Société Générale, parent company of SG Americas Securities, LLC, are authorized and regulated in the United Kingdom by the Financial Services Authority.
