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Bradley Pharmaceuticals Announces Filing of Definitive Proxy Statement for Special Meeting of Stockholders to Approve Merger With Nycomed
Date:1/17/2008

FAIRFIELD, N.J., Jan. 17 /PRNewswire-FirstCall/ -- Bradley Pharmaceuticals, Inc. (NYSE: BDY) announced today that it has filed a definitive proxy statement with the Securities and Exchange Commission for a special meeting of stockholders to be held on February 21, 2008 at 9:30 a.m., Eastern Time at the offices of Morrison & Foerster LLP, 1290 Avenue of the Americas, New York, NY 10104 for the purpose of voting on a proposal to approve the merger agreement with Nycomed US Inc., a subsidiary of Nycomed S.C.A., SICAR. The Company expects to commence the mailing of the definitive proxy statement to stockholders on or about January 17, 2008.

Stockholders of record on January 10, 2008 will be entitled to receive notice of and to vote at the special meeting. Pursuant to the merger agreement, all outstanding shares of the Company will be converted into $20.00 per share in cash. The transaction is conditioned on receipt of approval by holders of a majority of the outstanding shares of Bradley's common stock and Class B common stock, voting together as one class. If approval is received, the merger is expected to be consummated shortly after the special meeting.

The Company announced that applicable waiting periods under U.S., German and Italian antitrust regulations with respect to the merger had expired or cleared. The Company also announced that it and the other defendants entered into a memorandum of understanding with the plaintiffs to settle all outstanding state and federal class action litigations that were brought following Daniel Glassman's public announcement disclosing his intent to propose an acquisition of the Company's outstanding shares. The settlement is subject to customary conditions, including court approval followi
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SOURCE Bradley Pharmaceuticals, Inc.
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