SHENZHEN, China, Jan. 11, 2013 /PRNewswire/ -- BGI-Shenzhen
("BGI") announced today that it, through its wholly-owned
subsidiary Beta Acquisition Corporation, has extended its all cash
tender offer (the "Offer") to purchase all outstanding shares of
common stock of Complete Genomics, Inc. (NASDAQ: GNOM)
("Complete") to 12:00 midnight (New York
City time) on Friday, January 18,
2013. The Offer was previously scheduled to expire at 12:00
midnight (New York City time) on
Friday, January 11, 2013.
Except for the extension of the Offer expiration date, all other
terms and conditions of the Offer remain unchanged. The Depositary
for the Offer has indicated that, as of the close of business on
January 11, 2013, approximately
29,336,700 shares, or approximately 83%, of common stock of
Complete have been validly tendered in and not withdrawn from the
Offer, including shares of common stock of Complete subject to
guaranteed delivery procedures.
BGI's financial advisor is Citi, and its legal counsel is
O'Melveny & Myers LLP. Complete's financial adviser is
Jefferies & Company, and its legal counsel is Latham &
Watkins LLP.
Stockholders with questions about the Offer or who need
assistance with tendering their shares of common stock of Complete
may call the Information Agent, Innisfree M&A Incorporated,
toll-free, at (888) 750-5834.
FORWARD-LOOKING STATEMENTS
Certain statements either contained in or incorporated by reference
into this document are forward-looking statements that involve
risks and uncertainty. Future events regarding the proposed
transactions and both the BGI's and Complete's actual results could
differ materially from the forward-looking statements. Factors that
might cause such a difference include, but are not limited to,
statements regarding the combined companies' plans following, and
the expected completion of, the proposed acquisition. These
forward-looking statements involve certain risks and uncertainties
that could cause actual results to differ materially from those
indicated in such forward-looking statements and generally include
statements that are predictive in nature and depend upon or refer
to future events or conditions. Risks and uncertainties include the
ability of BGI and Complete to complete the transactions
contemplated by the merger agreement, including the parties'
abilities to satisfy the conditions to the consummation of the
proposed acquisition; the possibility of any termination of the
merger agreement; the timing of the Offer and the subsequent
merger; uncertainties as to how many of Complete's stockholders
will tender their shares of common stock in the Offer; the
possibility that various other conditions to the consummation of
the Offer or the subsequent merger may not be satisfied or waived,
including that a governmental entity may prohibit, delay or refuse
to grant approval for the consummation of the acquisition; other
uncertainties pertaining to the business of Complete or BGI;
legislative and regulatory activity and oversight; the continuing
global economic uncertainty and other risks detailed in Complete's
public filings with the Securities and Exchange Commission (the
"SEC") from time to time, including Complete's most recent Annual
Report on Form 10-K for the year ended December 31, 2011, Quarterly Reports on Form 10-Q
and its subsequently filed SEC reports, each as filed with the SEC,
which contains and identifies important factors that could cause
actual results to differ materially from those contained in the
forward-looking statements. The reader is cautioned not to unduly
rely on these forward-looking statements. Each of Complete and BGI
expressly disclaims any intent or obligation to update or revise
publicly these forward-looking statements except as required by
law.
ADDITIONAL INFORMATION
This press release is neither an offer to purchase nor a
solicitation of an offer to sell shares of Complete. BGI and Beta
Acquisition Corporation filed a tender offer statement with the SEC
on September 25, 2012, and mailed an
offer to purchase, forms of letter of transmittal and related
documents to Complete's stockholders. Complete filed a
solicitation/recommendation statement on Schedule 14D-9 with
the SEC on September 25, 2012, and
mailed the Schedule 14D-9 to Complete's stockholders. These
documents, as they may be amended from time to time, contain
important information about the Offer and stockholders of Complete
are urged to read them carefully.
Investors may obtain a free copy of these documents and other
relevant documents filed with the SEC through the website
maintained by the SEC at www.sec.gov. In addition, investors and
stockholders will be able to obtain free copies of these materials
filed by Complete by contacting Investor Relations by telephone at
(650) 943-2788, by mail at Complete Genomics, Inc., Investor
Relations, 2071 Stierlin Court, Mountain
View, California 94043, or by going to Complete's Investor
Relations page on its corporate website at
www.completegenomics.com.
MEDIA INQUIRIES
For BGI-Shenzhen:
In the U.S.:
Jason Golz
Brunswick Group
Tel: (415) 671-767
jgolz@brunswickgroup.com
In China:
Elizabeth Liang
Brunswick Group
Tel: +852 3512 5000
eliang@brunswickgroup.com
SOURCE BGI-Shenzhen