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Alere Inc. Statement Amending Acceptance Condition to Axis-Shield Offer
Date:9/26/2011

h cancellation, delisting and re-registration will significantly reduce the liquidity and marketability of any Axis-Shield Shares not assented to the Offer.  
  • Axis-Shield Shareholders should note that if the Offer has not become unconditional as to acceptances by 10 October 2011, it will lapse.
  • Since the announcement of its Offer, Alere AS Holdings has acquired 5,546,697 Axis-Shield Shares representing approximately 11.09 per cent. of the current issued share capital of Axis-Shield.

  • Commenting on the Offer, Ron Zwanziger, Chairman, Chief Executive Officer and President of Alere, said:

    "We have maintained that we would remain financially disciplined and Alere is offering shareholders 460 pence in cash despite significant economic uncertainty and turmoil. In contrast, the Board of Axis-Shield is asking shareholders to place their faith in delivering a strategic plan that contains significant execution, regulatory and market risk and uncertainty, the results of which will take years to realise."

    Amendment to Acceptance ConditionAlere AS Holdings announces that the Acceptance Condition is hereby amended so that the Offer is conditional, amongst other things, on valid acceptances being received (and not, where permitted, withdrawn) by 1.00 p.m. (London time) (corresponding to 2.00 p.m. Oslo time) on 10 October 2011 (or such later time(s) and/or dates(s) as the Offeror may, with the consent of the Panel or in accordance with the Code, decide) in respect of not less than such number of Axis-Shield Shares as is necessary to ensure that the Offeror and/or any other members of the Alere Group have acquired or agreed to acquire, whether pursuant to the Offer or otherwise, Axis-Shield Shares carrying, in aggregate, more than 50 per cent. of the voting rights then normally exercisable at general meetings of Axis-Shield. In this Acceptance Condition:

    (a) shares which have been unconditionally allotted but not is
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    SOURCE Alere Inc.
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