Amended Statement of Ownership: Solicitation (sc 14d9/a)
08 September 2017 - 11:24PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE
14D-9
(Rule 14d-101)
(Amendment No. 2)
SOLICITATION/RECOMMENDATION STATEMENT
UNDER SECTION 14(d)(4) OF THE SECURITIES EXCHANGE ACT OF 1934
Kite Pharma, Inc.
(Name
of Subject Company)
Kite Pharma, Inc.
(Name
of Person Filing Statement)
COMMON STOCK, PAR VALUE $0.001 PER SHARE
(Title of Class of Securities)
49803L109
(CUSIP Number
of Class of Securities)
Arie Belldegrun, M.D.
President and Chief Executive Officer
Kite Pharma, Inc.
2225
Colorado Avenue
Santa Monica, California 90404
(310) 824-9999
(Name,
address and telephone numbers of person authorized to receive notices and communications
on behalf of the persons filing statement)
With copies to:
Alison S. Ressler
Eric
M. Krautheimer
Sullivan & Cromwell LLP
1888 Century Park East
Los Angeles, California 90067
(310) 712-6600
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Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.
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This Amendment No. 2 (this
Amendment
) to Schedule 14D-9 amends and
supplements the Schedule 14D-9 previously filed by Kite Pharma, Inc., a Delaware corporation (the
Company
) with the U.S. Securities and Exchange Commission on September 5, 2017, and amended on September 7, 2017 (as
amended, the
Solicitation/Recommendation Statement
), with respect to the tender offer by Dodgers Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Gilead Sciences, Inc., a Delaware corporation, to purchase
all outstanding shares of the Companys common stock, par value $0.001 per share. Capitalized terms used in this Amendment but not defined herein shall have the respective meaning given to such terms in the Solicitation/Recommendation
Statement. The information set forth in the Solicitation/Recommendation Statement remains unchanged and is incorporated herein by reference, except that such information is hereby amended or supplemented to the extent specifically provided herein.
Item 8. Additional Information
Item 8 of the Solicitation/Recommendation Statement is hereby amended and supplemented as follows:
The following paragraph is added to Item 8 following the first paragraph under the heading entitled Antitrust Compliance:
On September 8, 2017, each of the Company and Gilead filed Notification and Report Forms under the HSR Act with the FTC and
the Antitrust Division in connection with the acquisition of Shares pursuant to the Offer. As a result, the required waiting period under the HSR Act with respect to the Offer will expire at 11:59 p.m., New York City time, on September 25,
2017, unless (i) earlier terminated by the FTC and the Antitrust Division, (ii) the Company and Gilead elect to withdraw and re-submit their Notification and Report Forms or (iii) the FTC or the Antitrust Division issues a request for
additional information and documentary material prior to that time.
The following subsection is added to Item 8 following the
paragraphs under the heading entitled Antitrust Compliance:
Certain Litigation
On September 7, 2017, an alleged stockholder of the Company filed a putative class action lawsuit against the Company, its
directors, Gilead and Purchaser in the United States District Court for the Central District of California, captioned
Robert Berg
v
. Kite Pharma, Inc. et al
., Case No. 2:17-cv-06583 (the Berg Matter). In addition, on
September 7, 2017, another alleged stockholder of the Company filed a putative class action lawsuit against the Company and its directors in the United States District Court for the District of Delaware, captioned
Simon Gordon
v
. Kite
Pharma, Inc. et al
. Both complaints allege that the Company, and its directors acting in their capacity as controlling persons, violated federal securities laws by failing to disclose material information in this Schedule 14D-9. In addition, the
Berg Matter alleges that Gilead acted as a controlling person of the Company within the meaning and in violation of Section 20(a) of the Exchange Act to influence and control the dissemination of the allegedly defective Schedule
14D-9.
The complaints seek, among other things, (i) injunctive relief preventing the consummation of the Transactions; (ii) rescissory damages or rescission in the event the Transactions are consummated;
(iii) damages; and (iv) an award of plaintiffs expenses and attorneys fees. If additional similar complaints are filed, absent new or different allegations that are material, the Company will not necessarily announce such
additional filings.
SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and
correct.
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KITE PHARMA, INC.
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Dated: September 8, 2017
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By:
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/s/ Arie Belldegrun
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Name: Arie Belldegrun, M.D.
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Title: President and Chief Executive Officer
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