SC 13D
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
Coley Pharmaceutical Group, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
19388P106
(CUSIP Number)
Margaret M. Foran, Esq.
Pfizer Inc.
235 East 42nd Street
New York, NY 10017
Phone (212) 573-2323
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
December 28, 2007
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the
acquisition that is the subject of this Schedule 13D, and is filing this schedule
because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See §240.13d-7 for other parties
to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting persons
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter disclosures
provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to
be filed for the purpose of Section 18 of the Securities Exchange Act of 1934
(Act) or otherwise subject
to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes.)
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a current valid OMB control number.
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1 |
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Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Pfizer Inc.
13-5315170
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2 |
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Check the Appropriate Box if a Member of a Group (See Instruction)
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(a) o |
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(b) o |
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3 |
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SEC Use Only |
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4 |
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Source of Funds |
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WC, OO |
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5 |
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Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) |
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o |
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6 |
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Citizenship or Place of Organization |
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Delaware
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7 |
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Sole Voting Power |
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Number of |
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0 (See Item 5) |
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Shares |
8 |
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Shared Voting Power |
Beneficially by |
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Owned by |
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24,423,732(1) |
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Each |
9 |
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Sole Dispositive Power |
Reporting |
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Person |
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0 (See Item 5) |
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With |
10 |
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Shared Dispositive Power |
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24,423,732(1) |
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11 |
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Aggregate Amount Beneficially Owned by Each Reporting Person |
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24,423,732(1) |
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12 |
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) |
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o
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13 |
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Percent of Class Represented by Amount in Row (11) |
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91.3% |
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14 |
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Type of Reporting Person (See Instructions) |
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CO |
(1) Includes 40,048 Shares subject to guaranteed delivery procedures.
2
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1 |
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Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Corvette Acquisition Corp.
26-1590228 |
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2 |
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Check the Appropriate Box if a Member of a Group (See Instruction)
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(a) o |
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(b) o |
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3 |
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SEC Use Only |
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4 |
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Source of Funds |
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AF |
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5 |
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Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) |
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o |
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6 |
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Citizenship or Place of Organization |
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Delaware
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7 |
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Sole Voting Power |
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Number of |
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0 (See Item 5) |
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Shares |
8 |
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Shared Voting Power |
Beneficially by |
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Owned by |
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24,423,732 (1) |
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Each |
9 |
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Sole Dispositive Power |
Reporting |
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Person |
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0 (See Item 5) |
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With |
10 |
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Shared Dispositive Power |
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24,423,732 (1) |
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11 |
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Aggregate Amount Beneficially Owned by Each Reporting Person |
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24,423,732 (1) |
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12 |
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) |
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o
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13 |
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Percent of Class Represented by Amount in Row (11) |
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91.3% |
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14 |
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Type of Reporting Person (See Instructions) |
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CO |
(1) Includes 40,048 Shares subject to guaranteed delivery procedures.
3
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1 |
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Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Pfizer Vaccines LLC
26-1318938 |
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2 |
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Check the Appropriate Box if a Member of a Group (See Instruction)
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(a) o |
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(b) o |
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3 |
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SEC Use Only |
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4 |
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Source of Funds |
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AF |
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5 |
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Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) |
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o |
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6 |
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Citizenship or Place of Organization |
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Delaware
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7 |
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Sole Voting Power |
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Number of |
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0 (See Item 5) |
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Shares |
8 |
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Shared Voting Power |
Beneficially by |
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Owned by |
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24,423,732 (1) |
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Each |
9 |
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Sole Dispositive Power |
Reporting |
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Person |
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0 (See Item 5) |
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With |
10 |
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Shared Dispositive Power |
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24,423,732 (1) |
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11 |
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Aggregate Amount Beneficially Owned by Each Reporting Person |
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24,423,732 (1) |
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12 |
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) |
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o
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13 |
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Percent of Class Represented by Amount in Row (11) |
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91.3% |
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14 |
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Type of Reporting Person (See Instructions) |
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OO |
(1) Includes 40,048
Shares subject to guaranteed delivery procedures.
4
Item 1. Security and Issuer
This statement on Schedule 13D (the Statement) related to the Common Stock, $0.01 par value per
share, (Coley Common Shares) of Coley Pharmaceutical Group, Inc., a Delaware corporation
(Coley). The principal executive offices of Coley are located at 93 Worcester Street, Suite
101, Wellesley, Massachusetts, 02481. Coleys telephone number at such address is (781) 431-9000.
Item 2. Identity and Background
This
Statement is being filed by Pfizer Inc., a Delaware corporation (Pfizer), Pfizer Vaccines
LLC, a Delaware limited liability company and direct wholly owned subsidiary of Pfizer, (Pfizer
LLC), and Corvette Acquisition Corp., a Delaware corporation (Corvette and, together with
Pfizer and Pfizer LLC, the Filing Parties). Corvette is a direct wholly owned subsidiary of
Pfizer LLC and an indirect wholly owned subsidiary of Pfizer.
The principal executive offices of Pfizer, Corvette and Pfizer LLC are located at 235 East 42nd
Street, New York, NY 10017. Pfizer is a research-based, global pharmaceutical company. Pfizer
LLC is Pfizers wholly-owned subsidiary that holds Pfizers vaccine assets. Corvette was formed
by Pfizer and Pfizer LLC to acquire Coley and has not conducted any unrelated activities since its
organization.
During the past five years, none of the Filing Parties nor, to the best knowledge of the Filing
Parties, any of the directors and executive officers of the Filing Parties, (1) has been convicted
in a criminal proceeding (excluding traffic violations and similar misdemeanors) or (2) was a
party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as
a result of such proceeding were or are subject to a judgment, decree or final order enjoining
future violations of, or prohibited or mandating activities subject to, U.S. federal and state
securities laws or finding any violations with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
The aggregate purchase price for the Coley Common Shares tendered in the Offer described in Item 4
below was approximately $190,389,856. The Filing Persons funded the purchase of the Coley Common
Shares through Pfizers existing cash balances, cash equivalents and currently available sources
of credit.
All information contained in the sections entitled Source and Amount of Funds of the Offer to
Purchase dated November 30, 2007, attached as Exhibit (a)(1)(A) to the Schedule TO-T (Schedule
TO) filed by Pfizer and Corvette with the Securities and Exchange Commission is incorporated
herein by reference.
Item 4. Purpose of Transaction
Pursuant to the Agreement and Plan of Merger, dated November 15, 2007, among Pfizer, Corvette and
Coley (Merger Agreement), Corvette commenced a tender offer (the Offer) to purchase all the
outstanding shares of Coley at a price of $8.00 per shares net to seller in cash without interest
thereon, less any required withholding taxes, upon the terms and subject to the conditions set
forth in the Offer to Purchase dated November 30, 2007 (which, together with any amendments and
supplements thereto, collectively constitute the Offer to Purchase) and in the related Letter of
Transmittal (Offer Price). The offering period expired at 12:00 midnight, New York City time,
on Friday, December 28, 2007, at which time the Filing Persons accepted the approximately
23,798,732 Coley Common Shares that had been validly tendered and not withdrawn in connection with
the Offer, including 40,048 Coley Common Shares that are subject to guaranteed delivery
procedures, representing, together with shares previously owned by Corvette, approximately 91.3%
of the outstanding shares. All shares acquired pursuant to the Offer
have been acquired at the Offer Price, for an aggregate purchase amount of approximately
$190,389,856.
Corvette made the Offer in order to acquire all the issued and outstanding Coley Common Shares.
It is expected that, initially following the merger of Corvette with and into Coley, with Coley
being the surviving corporation (the Merger), the business and operations of Coley will, except
as set forth in the Offer to Purchase, be continued substantially as they were being conducted
prior to the Merger. Pfizer will continue to evaluate the business and operations of Coley after
the consummation of the Merger and will take such actions as it deems appropriate under
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the circumstances then existing. Thereafter, Pfizer intends to review such information as part of
a comprehensive review of Coleys business, operations, capitalization and management with a view
of optimizing Coleys potential in conjunction with Pfizers existing business.
Subject to applicable law, Corvette intends to cause Coley to cease to be a reporting issuer under
United States securities laws and to apply to delist Coley Common Shares from the NASDAQ Global
Market and to cause Coley Common Shares to be deregistered under the Exchange Act as soon as
practicable after the completion of the Offer.
All information contained in the sections entitled The Transaction Documents, Purpose of the
Offer; Plans for Coley and Certain Effects of the Offer of the Offer to Purchase is
incorporated herein by reference.
Except as set forth in this statement (including any information incorporated by reference) and in
connection with the transaction described above, none of the Filing Persons has any plan or
proposal that related to or would result in any of the transactions described in subparagraphs (a)
through (j) of Item 4 to the Schedule 13D.
Item 5. Interest in Securities of the Issuer
(a) and (b)
Pfizer, Corvette and Pfizer LLC beneficially own 24,423,732 shares (Shares) of Coley Common
Stock, representing 91.3 % of the outstanding shares of Coley Common Stock. Pfizer, Corvette and
Pfizer LLC each have shared voting and dispositive power of all the Shares.
(c)
Except as set forth in Item 4 of this statement, none of the Filing Parties has effected any
transaction in Coley Common Stock during the past 60 days.
(d)
Except as set forth in this Schedule 13D, none of the Filing Parties has the right to receive or
the power to direct the receipt of dividends from, or the proceeds of the sale of, securities
covered by the Schedule 13D.
(e)
Not applicable.
Item 6. Contracts, Arrangement, Understandings or Relationships with Respect to Securities of the
Issuer
The information provided in Items 3, 4 and 5 of this Schedule 13D is incorporated herein by
reference. All information contained in the section of the Offer to Purchase entitled Background
of the Offer is incorporated herein by reference. Except as disclosed in this Schedule 13D or as
set forth in or contemplated in the Merger Agreement and the agreement among Pfizer and
stockholders of Coley (the Tender Agreement), there are no contracts, understandings or
relationships between the Reporting Persons and any third person with respect to shares of Coley
Common Stock.
Item 7. Material to Be Filed as Exhibits
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Exhibit |
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Description |
1
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Agreement and Plan of Merger dated as of November 15, 2007 among
Coley Pharmaceutical Group, Inc., Pfizer Inc. and Corvette
Acquisition Corp. (incorporated herein by reference to Exhibit
(d)(1) to the Schedule TO filed by Pfizer Inc. with the Securities
and Exchange Commission on November 30, 2007, as amended). |
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6
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Exhibit |
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Description |
2
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Tender Agreement dated as of November 15, 2007 among Pfizer Inc.,
Venrock Associates, Thomas, McNerney & Partners, L.P., Robert
Bratzler and Arthur Krieg (incorporated herein by reference to
Exhibit (d)(2) to the Schedule TO filed by Pfizer Inc. with the
Securities and Exchange Commission on November 30, 2007, as
amended). |
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3
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Offer to Purchase dated as of November 30, 2007 (incorporated
herein by reference to Exhibit (a)(1)(A) to the Schedule TO filed
by Pfizer Inc. with the Securities and Exchange Commission on
November 30, 2007, as amended). |
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4
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Form of Letter of Transmittal dated as of November 30, 2007
(incorporated herein by reference to Exhibit (a)(1)(B) to the
Schedule TO filed by Pfizer Inc. with the Securities and Exchange
Commission on November 30, 2007, as amended). |
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SIGNATURE
After reasonable 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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PFIZER INC. |
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By:
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/s/ Susan Grant |
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Name: Susan Grant |
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Title: Assistant Secretary |
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Date:
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January 4, 2008 |
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CORVETTE ACQUISITION CORP. |
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By:
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/s/ Lawrence R. Miller |
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Name: Lawrence R. Miller |
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Title: Vice President |
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Date:
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January 4, 2008 |
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PFIZER VACCINES LLC |
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By:
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/s/ Martin Teicher |
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Name: Martin Teicher |
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Title: Vice President |
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Date:
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January 4, 2008 |
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Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations
(See 18 U.S.C. 1001)
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