BioVeris Announces Date of Special Meeting of Shareholders and Expiration of HSR Review Period in Connection with Roche Transaction
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GAITHERSBURG, Md., May 15: BioVeris Corporation ("BioVeris") (NASDAQ:BIOV) announced today that its Board of Directors has set a date for a special meeting of shareholders to vote on the proposal to adopt the previously announced Agreement and Plan of Merger pursuant to which BioVeris would be acquired by Roche for cash consideration of $21.50 per share, or a total of approximately $600 million. The special meeting will be held at 3:00 p.m., local time, on Monday June 25, 2007 at the Four Seasons Hotel, 2800 Pennsylvania Avenue, N.W., Washington, D.C. 20007. The Board of Directors has fixed the close of business on May 17, 2007 as the record date for shareholders entitled to receive notice of and to vote at the special meeting. BioVeris expects to be mailing proxy materials to its stockholders shortly following the record date.
Separately, BioVeris announced that the waiting period under the Hart- Scott-Rodino ("HSR") Antitrust Improvements Act of 1976, as amended, expired on May 14, 2007. The expiration of the HSR waiting period satisfies one of the conditions of BioVeris' merger with Roche.
IMPORTANT INFORMATION
BioVeris filed a preliminary proxy statement on May 2, 2007 with the Securities and Exchange Commission (the "SEC") which contained information about BioVeris, the proposed merger and related matters. BioVeris plans to file a definitive proxy statement with the SEC in the near future. STOCKHOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT CAREFULLY WHEN IT IS AVAILABLE, AS IT WILL CONTAIN IMPORTANT INFORMATION THAT STOCKHOLDERS SHOULD CONSIDER BEFORE MAKING A DECISION ABOUT THE MERGER. In addition to receiving the proxy statement from BioVeris by mail, stockholders will be able to obtain the proxy statement, as well as other filings containing information about BioVeris, without charge, from the SEC's website (http://www.sec.gov/) or, without charge, from BioVeris at www.bioveris.com.
PARTICIPANTS IN SOLICITATION
BioVeris and its directors and executive officers and certain other members of management may be deemed to be participants in the solicitation of proxies in connection with the merger. Information concerning BioVeris' participants is set forth in the proxy statement for BioVeris' 2006 annual meeting of stockholders, which was filed with the SEC on Schedule 14A on July 28, 2006. Additional information regarding the interests of participants of BioVeris in the solicitation of proxies in connection with the merger was included in the preliminary proxy statement filed with the SEC on May 2, 2007, and will be contained in the definitive proxy statement to be filed with the SEC. BioVeris' press releases and other Company information are available at BioVeris' website located at www.bioveris.com.
Source: BioVeris Corporation
George Migausky
BioVeris Corporation
(301) 869-9800, ext. 2013
George Migausky
BioVeris Corporation
(301) 869-9800, ext. 2013
Jonathan Fassberg (investors)
The Trout Group
(212) 477-9007, ext. 16
Andrew Cole/Lesley Bogdanow (media)
Sard Verbinnen & Co
(415) 618-8750
(212) 687-8080
Jonathan Fassberg (investors)
The Trout Group
(212) 477-9007, ext. 16
Andrew Cole/Lesley Bogdanow (media)
Sard Verbinnen & Co
(415) 618-8750/(212)
687-8080
Web site: www.bioveris.com/
http://www.sec.gov/
