SCHEDULE 14A INFORMATION
Proxy Statement Pursuant To Section 14(a) Of
The Securities Exchange Act Of 1934
Filed by the Registrant [X]
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[_] Preliminary Proxy Statement
[_] CONFIDENTIAL, FOR USE OF THE COMMISSION ONLY (AS PERMITTED BY
RULE 14A-6(E)(2))
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[X] Definitive Additional Materials
[_] Soliciting Material Pursuant to Section 240.14a-12
ICN Pharmaceuticals, Inc.
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(Name of Registrant as Specified in its Charter)
N/A
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Following is the text of a letter sent to ICN Pharmaceuticals, Inc.
shareholders on or about May 10, 2001:
[GRAPHIC OMITTED - PHOTO OF TITO TETTAMANTI]
TETTAMANTI FIRST...
ICN stockholders are strongly advised to read the proxy statement relating
to ICN's 2001 annual meeting of stockholders when it becomes available, as
it will contain important information. Stockholders will be able to obtain
this proxy statement, any amendments to the proxy statement and other
documents filed by ICN with the Securities and Exchange Commission without
charge at the Internet website maintained by the Securities and Exchange
Commission at www.sec.gov. In addition, ICN will mail the proxy statement
to each stockholder of record on the record date to be established for the
stockholders meeting. ICN will also make additional copies of the proxy
statement and any amendments to the proxy statement available without
charge to ICN's stockholders. Please direct your request for the proxy
statement to Investor Relations, ICN Pharmaceuticals, Inc., 3300 Hyland
Avenue, Costa Mesa, California 92626, telephone (714) 545-0100, extension
3104.
Any securities of ICN International offered will not be and have not been
registered under U.S. Securities Act of 1933, as amended, and may not be
offered or sold in the United States, absent registration or an applicable
exemption from registration requirements.
ICN, its executive officers and directors may be deemed to be participants
in the solicitation of proxies for ICN's 2001 annual meeting of
stockholders. Information regarding these participants is contained in the
Schedules 14A filed by ICN with the Securities and Exchange Commission on
April 19, 2001.
If you have any questions or need assistance
voting your shares, please call:
[LOGO - Georgeson GS Shareholder]
17 State Street, 10th Floor - New York, NY 10004
Call Toll-Free (800) 223-2064
...SHAREHOLDERS LAST
[GRAPHIC OMITTED - PHOTO OF EMPTY POCKET]
A RISKY BUSINESS --
FOR ICN AND LONG TERM
SHAREHOLDER VALUE
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RISKY INVESTORS
Who is Tettamanti...a short term investor? With a strategy and the
intention that puts his interests first and other shareholders last. And
does he have even a stitch of management experience at a U.S. company to
back it up? Or an operational plan of any kind? Who are his
investors?...Where does he get his working capital?
RISKY FRONT MEN
Why is Tettamanti hiding behind three board nominees? Nominees he hand
picked to carry out his interests -- not yours. Don't let a self-serving
block on the board risk ICN's current stability, growth and investment
attractiveness...a block looking out for only one shareholder...Tettamanti.
And why isn't Tettamanti running for the board himself instead of using
others for his own end?...or his associate Eric Knight?
RISKY TRIO
Do Tettamanti's men have the track record you want on your board? Take a
close look...One nominee was fired after his company's stock plummeted over
70%...Another saw the stock of his company sink 26% following news of a
reported investigation.
RISKY PLAN
The Tettamanti agenda is rolling the dice with a confusing plan...a plan
that just can't work...for anyone but himself. It is flawed and ignores a
major issue...ICN bondholders.
RISKY FUTURE
Tettamanti's scheme rips apart the carefully planned restructuring
process...a process designed to bring long-term benefits to ICN and its
stockholders...and throws into jeopardy shareholder value.
DON'T TRUST TITO'S TRIO...
PUT YOURSELF FIRST BY VOTING ICN'S THREE DIRECTORS
As a member of the ICN shareholder family your interests come
first...Protect your long-term value from short-term speculators. Return
your white proxy card today.
ICN LEADERSHIP IS PUTTING SHAREHOLDERS FIRST