Kyphon Inc (Other)
September 19 2007 - 5:03PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A
(RULE 14a-101)
SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A)
OF THE SECURITIES EXCHANGE ACT OF 1934
Filed by the
Registrant
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Filed by a Party other than the Registrant
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Preliminary Proxy Statement
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
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Definitive Proxy Statement
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Definitive Additional Materials
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Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12
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KYPHON 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):
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Fee computed on table below per Exchange Act Rules 14a-6(i) (1) and 0-11.
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(1)
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Title of each class of securities to which transaction applies:
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Aggregate number of securities to which transaction applies:
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The following is a joint press release issued by Kyphon Inc. and Medtronic, Inc.
on September 19, 2007:
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Contacts for Medtronic:
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Contacts for Kyphon:
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Media:
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Media and Investors:
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Marybeth Thorsgaard
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Julie Tracy
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763-505-2644
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408-548-6687
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Investors:
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Martha Goldberg Aronson
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763-505-2694
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FOR IMMEDIATE RELEASE
MEDTRONIC AND KYPHON ANNOUNCE CLEARANCE FROM GERMAN FEDERAL CARTEL OFFICE
FOR THE MERGER OF
MEDTRONIC AND KYPHON
MINNEAPOLIS and SUNNYVALE, Calif. Sept. 19, 2007 Medtronic, Inc. (NYSE: MDT) and Kyphon Inc. (Nasdaq: KYPH)
announced today that the German Federal Cartel Office has given its clearance in connection with the previously announced merger agreement between Kyphon and Medtronic, Inc. Completion of the transaction, which is expected later this year or in the
first quarter of 2008, remains subject to obtaining approvals of antitrust authorities in several other jurisdictions, the approval of Kyphons stockholders and other customary closing conditions. A special meeting of Kyphons stockholders
to vote on the proposed merger has been called for October 16, 2007. If further antitrust clearances are obtained prior to the Kyphon stockholders meeting, the companies will provide an update at the time of the meeting.
ABOUT MEDTRONIC
Medtronic, Inc. (
www.medtronic.com
),
headquartered in Minneapolis, is the global leader in medical technology alleviating pain, restoring health, and extending life for millions of people around the world.
Medtronic is a registered trademark of Medtronic, Inc.
ABOUT KYPHON
Kyphon develops and markets medical devices designed to restore and preserve spinal function and diagnose the
source of low back pain using minimally invasive technologies. The companys products are used in balloon kyphoplasty for the treatment of spinal compression fractures caused by osteoporosis or cancer, in the Functional Anaesthetic
Discography (F.A.D.) procedure for diagnosing the source of low back pain, and in the Interspinous Process Decompression (IPD
®
) procedure for treating the symptoms of lumbar
spinal stenosis. More information about the company and its products can be found at www.kyphon.com and its balloon kyphoplasty patient education Web site, www.spinalfracture.com.
Kyphon and IPD are registered trademarks, and Functional Anaesthetic Discography and F.A.D. are trademarks, of Kyphon Inc.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements, within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995, about the completion of the merger. Forward-looking statements are based on managements current preliminary expectations and are subject to risks, uncertainties and assumptions, which may cause the companys
actual results to differ materially from the statements contained herein. Factors that could cause actual results to differ materially from managements current expectations include, without limitation, the potential inability to obtain the
regulatory and stockholder approvals and clearances required to complete the merger, or to do so in a timely manner, and the possibility that other conditions to completion of the merger may not be satisfied. Additional factors that may affect
future results are contained in Kyphons filings with the SEC, which are available at the SECs web site http://www.sec.gov. Kyphon undertakes no obligation to release publicly any revisions to any forward-looking statements contained
herein to reflect events or circumstances after the date hereof.
-end-
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