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Contract analysis / cfius-voluntary-notice-draft-narrative.docx
cfius-voluntary-notice-draft-narrative.docx
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1. Hart-Scott-Rodino Act Premerger Notification. A Notification and Report Form under the
1. Hart-Scott-Rodino Act Premerger Notification. A Notification and Report Form under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"), was filed with the Federal Trade Commission and the Antitrust Division of the U.S. Department of Justice on March 28, 2025 (Transaction No. HSR-20250328-4192). The initial 30-day waiting period under the HSR Act is expected to expire on April 27, 2
2. Swiss FINMA/SECO Notification. A notification under Swiss financial market and foreign
2. Swiss FINMA/SECO Notification. A notification under Swiss financial market and foreign investment regulations was filed with the Swiss Financial Market Supervisory Authority ("FINMA") and the State Secretariat for Economic Affairs ("SECO") on April 7, 2025 (File No. 32-0973). This filing is required in connection with the change of control of Luminex Systems AG, a Swiss Aktiengesellschaft.
3. Bundeskartellamt Filing. A merger notification under Section 39 of the German Act Agai
3. Bundeskartellamt Filing. A merger notification under Section 39 of the German Act Against Restraints of Competition (Gesetz gegen Wettbewerbsbeschränkungen, "GWB") is expected to be filed with the German Federal Cartel Office (Bundeskartellamt) on or about April 9, 2025 (File No. B6-34/25). This filing is required based on the revenue thresholds of Luminex Systems GmbH in Germany.
4. EU Foreign Subsidies Regulation Notification. A notification under Regulation (EU) 202
High
⚑ Non-compete / exclusivity restraint
4. EU Foreign Subsidies Regulation Notification. A notification under Regulation (EU) 2022/2560 on foreign subsidies distorting the internal market (the "EU FSR") was filed with the European Commission on April 11, 2025 (Case No. FSR.M.2025-0412). This filing is required because the aggregate turnover of the parties exceeds €500 million in the European Union and the financial contributions from third-country governme
1. Ardent Apex Merger Sub Inc. (a wholly owned subsidiary of Ardent Apex Holdings Inc.) w
1. Ardent Apex Merger Sub Inc. (a wholly owned subsidiary of Ardent Apex Holdings Inc.) will merge with and into Luminex Systems Holdings Inc. at the effective time of the Merger (the "Effective Time").
2. At the Effective Time, Merger Sub will cease to exist as a separate entity, and Lumine
2. At the Effective Time, Merger Sub will cease to exist as a separate entity, and Luminex Systems Holdings Inc. will continue as the surviving corporation and a wholly owned subsidiary of Ardent Apex Holdings Inc.
3. At the Effective Time, each share of Luminex Holdings common stock outstanding immedia
3. At the Effective Time, each share of Luminex Holdings common stock outstanding immediately prior to the Effective Time (other than shares held by stockholders who have validly exercised appraisal rights under DGCL Section 262, shares held by Luminex Holdings as treasury shares, and shares subject to management rollover agreements) will be converted into the right to receive $20.00 per share in cash, without intere
4. Shares subject to management rollover agreements will be exchanged for equity interest
High
⚑ Non-compete / exclusivity restraint
4. Shares subject to management rollover agreements will be exchanged for equity interests in Ardent Apex Holdings Inc. in accordance with the terms of the applicable rollover agreements, as described in Section 4.2 below. Following the closing of the Transaction, the post-closing organizational structure will be as follows: Ardent Capital Partners III LP (Delaware limited partnership; ultimate controlling entity) Ar
Section 721 of the Defense Production Act of 1950, as amended by FIRRMA (50 U.S.C. § 4565)
Section 721 of the Defense Production Act of 1950, as amended by FIRRMA (50 U.S.C. § 4565), authorizes the President of the United States, acting through CFIUS, to review certain transactions involving foreign investment in the United States for national security implications. The implementing regulations, set forth at 31 C.F.R. Part 800, define the scope of "covered transactions" that are subject to CFIUS jurisdicti