Kyphon Inc (Other) (DEFA14A)
21 September 2007 - 7:12AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A
(RULE 14a-101)
SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE
SECURITIES EXCHANGE ACT OF 1934
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KYPHON INC.
(Name of Registrant as Specified in Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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The following is a press release issued by Kyphon Inc. on September 20, 2007:
CONTACT INFORMATION:
Investors and Media
Julie D. Tracy
Vice
President, Chief Communications Officer
408-548-6687
jtracy@kyphon.com
Kyphon Announces that ISS Recommends Kyphon Stockholders
Vote For the Merger of Medtronic and Kyphon
SUNNYVALE, Calif., September 20, 2007 (PR NEWSWIRE) Kyphon Inc. (Nasdaq:KYPH) announced today that Institutional Shareholder Services (ISS), a leading independent proxy advisory firm, recommends that Kyphon stockholders vote
FOR adoption of the merger agreement between Kyphon and Medtronic, Inc. at the special meeting of Kyphons stockholders to be held on October 16, 2007.
In recommending that Kyphon stockholders vote FOR the proposed acquisition, ISS stated: Based on our review of the terms of the transaction and the factors described . . . specifically the market
premium, we believe that the merger agreement warrants shareholder support.
ISS also recommends that Kyphon stockholders vote FOR the
Companys proposal to adjourn the special meeting of stockholders if there are not sufficient votes to approve the proposed merger, in order to provide additional time to solicit proxies.
Shareholders who have questions or need any assistance in submitting their proxy or voting their shares should contact Kyphons proxy solicitor, Georgeson,
toll-free at 1-888-605-8317.
About Kyphon Inc.
Kyphon
develops and markets medical devices designed to restore and preserve spinal function and diagnose the source of low back pain using minimally invasive technologies. The companys products are used in balloon kyphoplasty for the treatment of
spinal compression fractures caused by osteoporosis or cancer, in the Functional Anaesthetic Discography (F.A.D.) procedure for diagnosing the source of low back pain, and in the Interspinous Process Decompression (IPD®) procedure
for treating the symptoms of lumbar spinal stenosis. More information about the company and its products can be found at www.kyphon.com and its balloon kyphoplasty patient education Web site, www.spinalfracture.com.
Kyphon and IPD are registered trademarks, and Functional Anaesthetic Discography and F.A.D. are trademarks, of Kyphon Inc.
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