SAVIENT PHARMACEUTICALS INC

election_required = True...y shares, will I be subject to proration? If you own beneficially or of record fewer than 100 shares in the aggregate, you properly tender all of these shares at or below the purchase price and do not properly withdraw them before the Expiration Time, and you complete the section entitled “Odd Lots” in the Letter of Transmittal and, if applicable, in the Notice of Guarantee Delivery, we will purchase all of your shares without subjecting them to the proration procedure. See Section 1. Once I have tendered shares in the Tender Offer, can I withdraw my tender? Yes. You may withdraw any shares you have tendered at any time before 9:00 a.m., New York City time, on...

expiry = 2006-09-12...mmon Stock (including the Associated Preferred Share Purchase Rights) at a Purchase Price Not Greater Than $6.80 nor Less Than $5.80 Per Share THE TENDER OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 9:00 A.M., NEW YORK CITY TIME, ON SEPTEMBER 12, 2006, UNLESS THE TENDER OFFER IS EXTENDED Savient Pharmaceuticals, Inc., a Delaware corporation (the “Company,” “we,” or “us”), is offering to purchase for cash up to 10,000,000 shares of its common stock, par value $0.01 per share (the “common...

listed = True...ill be deemed an ongoing right that may be asserted at any time and from time to time prior to the Expiration Time. Any determination by us concerning the events described above will be final and binding on all parties. 8. Price Range of the Shares The shares are traded on NASDAQ under the symbol “SVNT”. The following table sets forth, for each of the periods indicated, the high and low sales prices per share as reported by NASDAQ based on published financial sources. High Low Year Ending December 31, 2006: First Quarter $ 5.35 $ 3.58 Second Quarter $ 6.13 $ 4.90 Third Quarter (through August 11, 2006) $ 5.99 $ 5.07 Year Ended Dec...

mechanism = DUTCH...plete discussion where helpful. Who is offering to purchase my shares? Savient Pharmaceuticals, Inc. What will be the purchase price for the shares and what will be the form of payment? We are conducting the Tender Offer through a procedure commonly called a “modified Dutch Auction.” This procedure allows you to select the price within a price range specified by us at which you are willing to sell your shares. The lowest price that may be specified is $5.80. The prices that may be specified increase in increments of $0.10 and the highest price that may be specified is $6.80. After the Tender Offer expires, we will...

mechanism = DUTCHEX-99.A(1)(I) 4 b414888ex_a1i.htm EXHIBIT 99.A(1)(I) Prepared and filed by St Ives Financial Exhibit a(1)(I) FOR IMMEDIATE RELEASE Savient Pharmaceuticals Announces Final Results of “Modified Dutch Auction” Tender Offer EAST BRUNSWICK, N.J. (September 18, 2006)– Savient Pharmaceuticals, Inc. (NASDAQ: SVNT) announced the final results of its “modified Dutch Auction” tender offer which expired at 9:00 a.m. New York City time on September 12, 2006. Savient has accepted for purchase 10,000,000 shares of its common stock at a price of $6.80 per...

must_tender_all = True...t to applicable law) are properly tendered at or below the purchase price we determine and not properly withdrawn prior to the Expiration Time, we will purchase shares as follows: 4 Back to Contents • first, all “odd lots” of less than 100 shares from holders who properly tender all of their shares at or below the purchase price determined in the Tender Offer and do not properly withdraw them before the Expiration Time; • second, from all other stockholders who properly tender shares at or below the purchase price determined in the Tender Offer and who do not properly withdraw them before the Expiration Time, on a pro rata basis (e...

price = USD 6.8...nder of the shares will constitute a tender of the rights. How will the Company pay for the shares? Assuming that 10,000,000 shares are tendered in the Tender Offer at the maximum purchase price of $6.80 per share, the aggregate purchase price will be $68,000,000. We anticipate that we will pay for the shares tendered in the Tender Offer as well as paying related fees and expenses, from our cash and short-term investments. See Se...

price = USD 6.8...ers that were not accepted due to the specified condition not being satisfied), 12,499,839 shares of common stock were properly tendered and not properly withdrawn at or below the purchase price of $6.80 per share. The depositary will promptly issue payment for the shares accepted in the tender offer. Any shares properly tendered and not properly withdrawn, but not purchased due to proration or conditional tenders, will be return...

threshold = 100...ndered at prices at or below the purchase price we determine. Odd Lots. The term “odd lots” means all shares properly tendered prior to the Expiration Time at prices at or below the purchase price determined by us and not properly withdrawn by any person (an “Odd Lot Holder”) who owned beneficially or of record a total of fewer than 100 shares in the aggregate and so certified in the appropriate place on the Letter of Transmittal and, if applicable, on the Notice of Guaranteed Delivery. To qualify for this priority, an Odd Lot Holder must tender all shares owned by the Odd Lot Holder in accordance with the procedures described in Section 3. Odd Lots will be accepted for paymen...

txn_type = TENDER_OFFEREX-99.A(1A) 4 b414446_exa1a.htm EXHIBIT (A)(1)(A) Prepared and filed by St Ives Burrups Back to Contents Exhibit (a)(1)(A) Offer to Purchase for Cash Up to 10,000,000 Shares of its Common Stock (including the Associated Preferred Share Purchase Rights) at a Purchase Price Not Greater Than $6.80 nor Less Than $5.80 Per Share THE TENDER OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 9:00 A.M., NEW YORK CITY TIME, ON SEPTEMBER 12, 2006, UNLESS THE TENDER OFFER IS E...

txn_type = TENDER_OFFEREX-99.A(1)(I) 4 b414888ex_a1i.htm EXHIBIT 99.A(1)(I) Prepared and filed by St Ives Financial Exhibit a(1)(I) FOR IMMEDIATE RELEASE Savient Pharmaceuticals Announces Final Results of “Modified Dutch Auction” Tender Offer EAST BRUNSWICK, N.J. (September 18, 2006)– Savient Pharmaceuticals, Inc. (NASDAQ: SVNT) announced the final results of its “modified Dutch Auction” tender offer which expired at 9:00 a.m. New York City time on September 12, 2006. Savient has accepted for purchase 10,000,000 shares of its common stock at a price of $6.80 per share, includ...

accepted = 10000000...Savient Pharmaceuticals, Inc. (NASDAQ: SVNT) announced the final results of its “modified Dutch Auction” tender offer which expired at 9:00 a.m. New York City time on September 12, 2006. Savient has accepted for purchase 10,000,000 shares of its common stock at a price of $6.80 per share, including all “odd lots” properly tendered and not properly withdrawn at or below the $6.80 purchase price. These shares represent approximately 16.2% of Savient’s outstanding shares. Savient has been informed by American Stock...

expired_on = 2006-09-12...fied Dutch Auction” Tender Offer EAST BRUNSWICK, N.J. (September 18, 2006)– Savient Pharmaceuticals, Inc. (NASDAQ: SVNT) announced the final results of its “modified Dutch Auction” tender offer which expired at 9:00 a.m. New York City time on September 12, 2006. Savient has accepted for purchase 10,000,000 shares of its common stock at a price of $6.80 per share, including all “odd lots” properly tendered and not properly withdrawn at or below the $6.80 purchase price. These shares represent approximately 16.2% of Savient’s outstanding...

final_price = 6.8...ing any conditional tenders that were not accepted due to the specified condition not being satisfied), 12,499,839 shares of common stock were properly tendered and not properly withdrawn at or below the purchase price of $6.80 per share. The depositary will promptly issue payment for the shares accepted in the tender offer. Any shares properly tendered and not properly withdrawn, but not purchased due to proration or conditional tenders, will be returned promptly to stockholders by the depositary. Following com...

proration_pct = 79.99...rice. These shares represent approximately 16.2% of Savient’s outstanding shares. Savient has been informed by American Stock Transfer and Trust Company, the depositary for the tender offer, that the final proration factor for the tender offer was 79.99%. Based on the final count by the depositary for the tender offer (and excluding any conditional tenders that were not accepted due to the specified condition not being satisfied), 12,499,839 shares of common stock were properly tendered and not properly withdrawn at or below the...

tendered = 12499839...er offer was 79.99%. Based on the final count by the depositary for the tender offer (and excluding any conditional tenders that were not accepted due to the specified condition not being satisfied), 12,499,839 shares of common stock were properly tendered and not properly withdrawn at or below the purchase price of $6.80 per share. The depositary will promptly issue payment for the shares accepted in the tender offer. Any shares properly tendered and not properly withdrawn, but not purchased due to proration or conditional tender...