Medical Design and Outsourcing

  • Home
  • Medical Device Business
    • Mergers & Acquisitions
    • Financial
    • Regulatory
  • Applications
    • Cardiovascular
    • Devices
    • Imaging
    • Implantables
    • Medical Equipment
    • Orthopedic
    • Surgical
  • Technologies
    • Supplies and Components Index
    • Contract Manufacturing
    • Components
    • Electronics
    • Extrusions
    • Materials
    • Motion Control
    • Prototyping
    • Pumps
    • Tubing
  • MedTech Resources
    • Medtech Events in 2025
    • The 2024 Medtech Big 100
    • Medical Device Handbook
    • MedTech 100 Index
    • Subscribe to Print Magazine
    • DeviceTalks
    • Digital Editions
    • eBooks
    • Educational Assets
    • Manufacturer Search
    • Podcasts
    • Print Subscription
    • Webinars / Digital Events
    • Whitepapers
    • Voices
    • Views
    • Video
  • 2025 Leadership
    • 2024 Winners
    • 2023 Winners
    • 2022 Winners
    • 2021 Winners
  • Women in Medtech
  • Advertise
  • Subscribe

Fujifilm Holdings Commences Tender Offer to Acquire SonoSite, Inc.

January 18, 2012 By AxoGen, Inc.

TOKYO & NEW YORK–(BUSINESS
WIRE
)–FUJIFILM Holdings Corporation (TSE: 4901, hereinafter: Fujifilm), a
diversified technology company that operates in healthcare, highly functional
materials, and document solutions, announced today the commencement of a tender
offer through its indirect wholly-owned U.S. subsidiary Salmon Acquisition
Corporation for all outstanding shares of common stock of SonoSite, Inc.
(NASDAQ: SONO, hereinafter: SonoSite) for $54 per share, net to the seller in
cash, without interest and less any required withholding taxes.

The tender offer is being made pursuant to an Offer to
Purchase, dated January 17, 2012, and in connection with the previously
announced Agreement and Plan of Merger, dated December 15, 2011, among
Fujifilm, Salmon Acquisition Corporation and SonoSite.

The tender offer is scheduled to expire on February 15,
2012, at 17:00 New York
(Eastern Standard Time), subject to one or more possible extensions and a
subsequent offer period.

The tender offer is conditioned on the tender of at least
the number of shares that represents a majority of the outstanding shares of
SonoSite common stock on a fully-diluted basis as well as the receipt of
certain regulatory approvals and other customary closing conditions. Following
the completion of the tender offer, Fujifilm intends to acquire the remaining
outstanding shares of SonoSite common stock through a second-step merger.

As previously disclosed, the SonoSite Board of Directors has
approved the transaction by unanimous vote.

Upon completion of the acquisition, SonoSite will become a
wholly owned subsidiary of Fujifilm and will continue operations in Bothell, WA.
This transaction is a key element of Fujifilm’s strategy to further strengthen
its medical systems and life sciences business, as it seeks to comprehensively
cover “prevention, diagnosis, and treatment” as a total healthcare
company.

Leveraging their existing and future product portfolio,
Fujifilm and SonoSite will be able to capture the significant growth
opportunities arising from new application areas in point-of-care ultrasound
diagnosis and treatment.

The Depositary and Paying Agent for the tender offer is
Computershare Inc. The Information Agent for the tender offer is Innisfree
M&A Incorporated. The tender offer materials may be obtained at no charge
by downloading them from the SEC’s website at http://www.sec.gov. In addition, free copies of the Tender
Offer Statement and related materials may be downloaded from Fujifilm’s website
at: http://www.fujifilmholdings.com/en/investors/index.html;
and free copies of the Recommendation Statement and related materials may be
obtained from SonoSite by written request to Investor Relations, 21919 30th
Drive S.E., Bothell, Washington 98021. Persons with questions regarding the
offer should contact the Information Agent at +1-877-750-9499.

About FUJIFILM Holdings Corporation

FUJIFILM Holdings Corporation is the holding company of the Fujifilm Group
having three operating companies such as FUJIFILM Corporation, Fuji Xerox Co.,
Ltd. and Toyama Chemical Co., Ltd. under its umbrella. The group’s priority
business fields are: medical/life sciences such as medical equipment,
pharmaceuticals, functional skin care cosmetics and nutritional supplements;
graphic arts such as printing materials and equipment; documents such as office
equipment/printing; optical devices such as camera phone lens units; highly
functional materials such as LCD materials; digital imaging such as digital
cameras, digital printing, and Photobook.

About SonoSite, Inc.

SonoSite, Inc. (www.sonosite.com) is the innovator and world leader in
bedside and point-of-care ultrasound and an industry leader in ultra
high-frequency micro-ultrasound technology and impedance cardiography
equipment. Headquartered near Seattle,
the company is represented by 14 subsidiaries and a global distribution network
in over 100 countries. SonoSite’s small, lightweight systems are expanding the
use of ultrasound across the clinical spectrum by cost-effectively bringing
high-performance ultrasound to the point of patient care.

Posted by Sean Fenske, Editor-in-Chief, MDT

Related Articles Read More >

An illustration of Embolization Inc.'s Nitinol Enhanced Device (NED).
This nitinol vascular embolization device has another shape memory material up its sleeve
A photo of nitinol, a nickel-titanium alloy used for medical devices such as stents, heart valves, catheters and orthopedics.
What is nitinol and where is it used?
July 2025 edition: The Surgical Robotics issue, featuring Capstan Medical, J&J and Zimmer Biomet
A photo of Capstan Medical's mitral valve implant, which uses nitinol.
Capstan Medical’s R&D head discusses the heart valve and robotics startup’s tech, engineering challenges and solutions, advice for others in medtech and how to join his team
“mdo
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest medical device business news, application and technology trends.

DeviceTalks Weekly

See More >

MDO Digital Edition

Digital Edition

Subscribe to Medical Design & Outsourcing. Bookmark, share and interact with the leading medical design engineering magazine today.

MEDTECH 100 INDEX

Medtech 100 logo
Market Summary > Current Price
The MedTech 100 is a financial index calculated using the BIG100 companies covered in Medical Design and Outsourcing.
DeviceTalks

DeviceTalks is a conversation among medical technology leaders. It's events, podcasts, webinars and one-on-one exchanges of ideas & insights.

DeviceTalks

New MedTech Resource

Medical Tubing

MassDevice

Mass Device

The Medical Device Business Journal. MassDevice is the leading medical device news business journal telling the stories of the devices that save lives.

Visit Website
MDO ad
Medical Design and Outsourcing
  • MassDevice
  • DeviceTalks
  • MedTech100 Index
  • Medical Tubing + Extrusion
  • Medical Design Sourcing
  • Drug Delivery Business News
  • Drug Discovery & Development
  • Pharmaceutical Processing World
  • R&D World
  • About Us/Contact
  • Advertise With Us
  • Subscribe to Print Magazine
  • Subscribe to our E-Newsletter
  • Listen to our Weekly Podcasts
  • Join our DeviceTalks Tuesdays Discussion

Copyright © 2025 WTWH Media, LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media LLC. Site Map | Privacy Policy | RSS

Search Medical Design & Outsourcing

  • Home
  • Medical Device Business
    • Mergers & Acquisitions
    • Financial
    • Regulatory
  • Applications
    • Cardiovascular
    • Devices
    • Imaging
    • Implantables
    • Medical Equipment
    • Orthopedic
    • Surgical
  • Technologies
    • Supplies and Components Index
    • Contract Manufacturing
    • Components
    • Electronics
    • Extrusions
    • Materials
    • Motion Control
    • Prototyping
    • Pumps
    • Tubing
  • MedTech Resources
    • Medtech Events in 2025
    • The 2024 Medtech Big 100
    • Medical Device Handbook
    • MedTech 100 Index
    • Subscribe to Print Magazine
    • DeviceTalks
    • Digital Editions
    • eBooks
    • Educational Assets
    • Manufacturer Search
    • Podcasts
    • Print Subscription
    • Webinars / Digital Events
    • Whitepapers
    • Voices
    • Views
    • Video
  • 2025 Leadership
    • 2024 Winners
    • 2023 Winners
    • 2022 Winners
    • 2021 Winners
  • Women in Medtech
  • Advertise
  • Subscribe