Extension Agreement for Objection Deadline to Purchase Price Allocation under Stock and Asset Purchase Agreement between Cardinal Health, Inc. and Ethicon, Inc.
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Summary
Cardinal Health, Inc. and Ethicon, Inc. have agreed to extend the deadline for raising objections to the proposed allocation of the purchase price under their Stock and Asset Purchase Agreement. The original deadline of May 31, 2015, is now extended to June 15, 2015. This extension allows both parties additional time to review and, if necessary, object to the allocation as outlined in their agreement. All other terms of the original agreement remain unchanged.
EX-2.3 2 a15q4_10kx63015xexhibit23.htm EXHIBIT 2.3 Exhibit
Exhibit 2.3
Cardinal Health, Inc.
7000 Cardinal Place
Dublin, OH 43017
May 29, 2015
Ethicon, Inc.
Route 22 West
Somerville, NJ 08876
Attn.: Vice President, Law
Johnson & Johnson Law Department
One Johnson & Johnson Plaza
New Brunswick, NJ 08933
Attn.: General Counsel MD&D
Re: Project Valentine/Orkney - Allocation of Purchase Price
Ladies and Gentlemen:
Reference is made to the Stock and Asset Purchase Agreement (the “SAPA”), dated as of March 1, 2015, between Ethicon, Inc. (“Seller”) and Cardinal Health, Inc. (“Buyer”). Capitalized terms used but not defined herein have the meanings assigned thereto in the SAPA.
Each of Seller and Buyer acknowledges that (a) Seller delivered the Proposed Allocation to Buyer on April 16, 2015 and (b) Section 2.05 of the SAPA requires Buyer to raise any objection thereto no later than May 31, 2015. Seller and Buyer hereby agree that the deadline for raising any objection to the Proposed Allocation pursuant to Section 2.05 of the SAPA shall be extended from May 31, 2015 to June 15, 2015.
[Signature Pages Follow]
[Signature Page to Allocation Extension Letter]
Very truly yours,
CARDINAL HEALTH, Inc., | |
By | |
/s/ Sam Samad | |
Name: Sam Samad | |
Title: Senior Vice President & Treasurer | |
Acknowledged and agreed to
as of the date set forth above:
ETHICON, INC., | |
By | |
/s/ Alan J. Rae | |
Name: Alan J. Rae | |
Title: Vice President, New Business Development | |
