May 15 2010
Omnicare, Inc. (NYSE: OCR), announced today that is has extended the Early Tender Deadline of the tender offer and consent solicitation for its outstanding 6.75% Senior Subordinated Notes due 2013 (the "2013 Notes") to 5:00 p.m., New York City time, on May 18, 2010, unless further extended. Holders who tender (and do not validly withdraw) their Notes and validly deliver (and do not validly revoke) their consents prior to the Early Tender Deadline will be entitled to receive the total consideration of $1,033.75, which includes an early tender payment of $30.00 per $1,000 principal amount of Notes. Holders who tender (and do not validly withdraw) their Notes after the Early Tender Deadline will be eligible to receive the total consideration minus the early tender payment. Holders who tender (and do not validly withdraw) their Notes will receive the accrued and unpaid interest on such Notes through, but not including, the applicable payment date in connection with the Tender Offer.
As of 5:00 p.m. New York City time on Friday, May 14, 2010, tenders and consents in respect of approximately $207 million aggregate principal amount of the 2013 Notes were validly delivered (and not withdrawn) in the Tender Offer.
The Tender Offer and Consent Solicitation is being made upon the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement, dated May 3, 2010, as amended or supplemented, and a related Letter of Transmittal and consent (together, the "Offer Documents"). Except for the extension of the Early Tender Deadline, all other terms and conditions of the Offer to Purchase and Letter of Transmittal remain unchanged.
The Tender Offer is scheduled to expire at 11:59 p.m., New York City time, on May 28, 2010, unless terminated or extended. Notes may be withdrawn at any time prior to the Early Tender Deadline, but not thereafter.
J.P. Morgan Securities Inc. and SunTrust Robinson Humphrey, Inc. are acting as dealer managers for the Tender Offer. The information agent and tender agent for the tender offer is D.F. King & Co., Inc. Questions regarding the Tender Offer may be directed to J.P. Morgan Securities Inc. at telephone number (800) 245-8812 (toll free) and (212) 270-3994 (call collect), or SunTrust Robinson Humphrey, Inc. at telephone number (404) 926-5051 (call collect). Requests for copies of the Offer Documents may be directed to D.F. King & Co., Inc., telephone number (888) 887-0082 (toll free) and (212) 269-5550 (call collect).