424B3 1 d424b3.htm PROSPECTUS SUPPLEMENT NO. 6 Prospectus Supplement No. 6

Filed Pursuant to Rule 424(b)(3)

Registration File No. 333-114325

 

PROSPECTUS SUPPLEMENT NO. 6

 

to Prospectus dated August 27, 2004 of

 

MGI PHARMA, INC.

 

Senior Subordinated Convertible Notes due 2024

 

Common Stock Issuable Upon Conversion of the Notes

 

This prospectus supplement relates to resale of our Senior Subordinated Convertible Notes due 2024 issued in a private offering in March 2004 and up to 8,269,940 shares of our common stock issuable upon conversion of the notes.

 

This prospectus supplement, which supplements our prospectus dated August 27, 2004, as previously supplemented, contains additional information about the selling securityholders.

 

You should read this prospectus supplement in conjunction with the prospectus, as previously supplemented. This prospectus supplement updates information in the prospectus, as previously supplemented, and accordingly, to the extent inconsistent, the information in this prospectus supplement supercedes the information contained in the prospectus, as previously supplemented.

 

Investment in our securities involves a number of risks. See section titled “Risk Factors” beginning on page 8 of the prospectus to read about certain factors you should consider before buying our securities.

 

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus supplement is truthful or complete. Any representation to the contrary is a criminal offense.

 

The date of this Prospectus Supplement is December 12, 2005.



 

As used in this prospectus supplement, the words “our company,” “we,” “us,” “our” or “MGI PHARMA” refer only to MGI PHARMA, INC., unless the context requires otherwise, and do not include any subsidiary. When we refer to “common stock” throughout this prospectus supplement, we include all rights attaching to our common stock under any stockholder rights plan then in effect.

 

You should rely only on the information contained in this prospectus supplement and the prospectus, as previously supplemented, to which it refers. We have not authorized any other person to provide you with different or additional information. If anyone provides you with different or additional information, you should not rely on it. We are not making an offer to sell these securities in any jurisdiction where the offer or sale is not permitted. You should assume that the information appearing in this prospectus supplement and the prospectus, as previously supplemented, to which it refers is accurate only as of their respective dates.

 

WHERE YOU CAN FIND MORE INFORMATION

 

This prospectus supplement is part of a Registration Statement on Form S-3 that we filed with the Securities and Exchange Commission (“SEC”). Certain information in the registration statement has been omitted from this prospectus supplement in accordance with the rules of the SEC. We are subject to the information requirements of the Exchange Act and file reports, proxy statements and other information with the SEC. We are required to file electronic versions of these documents with the SEC. Our reports, proxy statements and other information can be inspected and copied at prescribed rates at the public reference facilities maintained by the SEC at Judiciary Plaza, 450 Fifth Street, N.W., Washington D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further information on the public reference rooms. The SEC also maintains a website that contains reports, proxy and information statements and other information, including electronic versions of our filings. The website address is http://www.sec.gov.

 

INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE

 

This prospectus supplement and the prospectus, as previously supplemented, incorporate by reference some of the reports, proxy and information statements and other information that we have filed with the SEC under the Exchange Act. This means that we are disclosing important business and financial information to you by referring you to those documents. The information that we file later with the SEC will automatically update and supersede this information. We incorporate by reference the documents listed below and any future filings made with the SEC under sections 13(a), 13(c), 14 or 15(d) of the Exchange Act until all of the securities offered by the prospectus, as supplemented, are sold.

 

    Our Annual Report on Form 10-K for the fiscal year ended December 31, 2004;

 

    Our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2005; June 30, 2005; and September 30, 2005;

 

    Our Current Reports on Form 8-K dated February 10, 2005; March 4, 2005; July 21, 2005; July 22, 2005; July 29, 2005; September 2, 2005; September 9, 2005; September 27, 2005; September 28, 2005; October 7, 2005; October 28, 2005; November 14, 2005; November 29, 2005; and our amendment on Form 8-K/A filed on November 7, 2005 to our Current Report filed on October 7, 2005; and

 

    the description of our common stock and preferred stock purchase rights contained in any Registration Statement on Form 8-A we filed and any amendment or report filed for the purpose of updating this description.

 

Any statements made in a document incorporated by reference in this prospectus supplement is deemed to be modified or superseded for purposes of this prospectus supplement to the extent that a statement in this prospectus supplement or in any other subsequently filed document, which is also incorporated by reference, modifies or supersedes the statement. Any statement so modified or superseded will not be deemed, except as so modified or superseded, to constitute a part of the prospectus, as supplemented.

 

In addition, for so long as any of the notes remain outstanding and during any period in which we are not subject to Section 13 or Section 15(d) of the Exchange Act, we will make available to any prospective purchaser or beneficial owner of the securities in connection with the sale thereof that information required by Rule 144A(d)(4) under the Securities Act. The information relating to us contained in this prospectus supplement should be read together with the information in the documents incorporated by reference. In addition, certain information, including financial information, contained in this prospectus supplement or incorporated by reference in this prospectus supplement should be read in conjunction with documents we have filed with the SEC.

 

You may request, and we will provide at no cost, a copy of our filings with the SEC incorporated by reference in this prospectus supplement. Requests for documents should be directed to Eric Loukas, at MGI PHARMA, Inc., 5775 West Old Shakopee Road, Suite 100, Bloomington, MN 55437, (952) 346-4700. Exhibits to these filings will not be sent unless those exhibits have been specifically incorporated by reference in this document.

 

The information appearing under the section entitled “Selling Securityholders” in the prospectus, as previously supplemented, is amended and restated by the information appearing below.

 

SELLING SECURITYHOLDERS

 

We originally issued the notes in a private placement in March 2004 to the initial purchasers. The initial purchasers resold the notes to purchasers in transactions exempt from registration pursuant to Rule 144A. The following table lists the selling securityholders and sets forth certain information regarding the beneficial ownership of common stock of each selling securityholder as well as the number of shares and the principal amount of notes each selling securityholder may sell pursuant to the prospectus, as supplemented. There currently are no agreements, arrangements or understandings with respect to the sale or distribution of any of our common stock or notes by the selling securityholders. None of the selling securityholders has held any position or office, or has had any material relationship, with us within the last three years.

 

We have prepared the table based on information given to us by, or on behalf of, the selling securityholders on or before December 8, 2005. Because the selling securityholders may offer, pursuant to the prospectus, as supplemented, all or some portion of the notes or common stock listed below, no estimate can be given as to the amount of notes or common stock that will be held by the selling securityholders upon consummation of any sales. In addition, the selling securityholders listed in the table may have sold, transferred or otherwise disposed of, in transactions exempt from the registration requirements of the Securities Act, some or all of their notes since the date as of which the information in the table is presented.



 

Information about the selling securityholders may change over time. Any changed information given to us by the selling securityholders will be set forth in additional prospectus supplements or amendments to the prospectus if and when necessary.

 

Name


  

Principal

Amount

at Maturity of

Notes

Beneficially

Owned Prior to

this Offering

and

that May Be
Sold

(In Thousands)(1)


  

Number of

Shares of

Common Stock

Beneficially

Owned Prior

to this

Offering(1)(2)(3)


  

Maximum

Number of Shares

to be Sold

Pursuant to the

Prospectus(1)(2)(3)


  

Number of

Shares of

Common Stock

Beneficially

Owned After

Completion

of this

Offering(4)


  

Percentage of

Shares of

Common Stock

Outstanding

After Completion

of this

Offering(4)(5)


 

Alexandra Global Master Fund, LTD

   $   17,000       403,991       403,991    0    0 %

Bear, Stearns & Co. Inc.

     1,250    29,705    29,705    0    0  

CNH CA Master Account, LP

     2,500    59,410    59,410    0    0  

FrontPoint Convertible Arbitrage Fund, LP

     2,500    59,410    59,410    0    0  

Grace Convertible Arbitrage Fund, LTD

     9,500    225,759    225,759    0    0  

Institutional Benchmarks Master Fund c/o Alexandra Investment Mgt. LLC

     3,000    71,292    71,292    0    0  

Mainstay Convertible Fund

     4,785    316,311    113,711       202,600    0.26  

Mainstay VP Convertible Fund

     2,700    266,763    64,163    202,600    0.26  

New York Life Insurance Company (Post 82)

     5,240    327,124    124,524    202,600    0.26  

New York Life Insurance Company (Pre 82)

     2,405    259,752    57,152    202,600    0.26  

New York Life Separate Account #7

     86    204,643    2,043    202,600    0.26  

St. Thomas Trading, LTD

     10,786    256,320    256,320    0    0  

White River Securities LLC

     1,250    29,705    29,705    0    0  

Piper Jaffray & Co.

     5,000    118,821    118,821    0    0  

Highbridge International LLC

     28,000    665,397    665,397    0    0  

Mellon HBV Master Leveraged Multi-Strategy Fund LP

     31    736    736    0    0  

Mint Master Fund LTD

     110    2,614    2,614    0    0  

Mellon HBV Master Convertible Arbitrage Fund

     580    13,783    13,783    0    0  

Mellon HBV Master Multi-Strategy Fund LLC

     279    6,630    6,630    0    0  

Man Convertible Bond Master Fund, LTD

     7,464    177,375    177,375    0    0  

Putnam Convertible Income – Growth Trust

     5,350    127,138    127,138    0    0  

Goldman Sachs & Company

     1,000    77,946    23,764    54,182    0.07  

The Northwestern Mutual Life Insurance Company

     2,000    47,528    47,528    0    0  

Silverback Master, LTD

     15,000    356,463    356,463    0    0  

Salomon Brothers Asset Management Inc. (6)

     41,000    974,332    974,332    0    0  

Mohican VCA Master Fund

     1,140    27,091    27,091    0    0  

JP Morgan Securities Inc.

     19,500    464,401    463,401    1,000    0  

Ritchie Convertible Arbitrage Trading

     860    20,437    20,437    0    0  

Morgan Stanley Convertible Securities Trust

     1,700    40,399    40,399    0    0  

Fidelity Financial Trust: Fidelity Convertible Securities Fund

     32,400    769,960    769,960    0    0  

Fidelity Financial Trust: Fidelity Strategic Dividend & Income Fund

     2,450    58,222    58,222    0    0  

McMahan Securities Co. LP

     2,400    57,034    57,034    0    0  

Newport Alternative Income Fund

     1,690    40,161    40,161    0    0  

Silvercreek Limited Partnership

     7,000    166,349    166,349    0    0  

Silvercreek II Limited

     4,310    102,423    102,423    0    0  

Credit Suisse First Boston Europe LTD

     30,000    712,926    712,926    0    0  

Harbert Convertible Arbitrage Master Fund II, LTD

     3,000    71,292    71,292    0    0  

Harbert Convertible Arbitrage Master Fund, LTD

     27,100    644,009    644,009    0    0  

DBAG London

     11,500    273,288    273,288    0    0  

Banc of America Securities LLC

     1,750    41,587    41,587    0    0  

Polaris Vega Fund LP

     3,500    83,174    83,174    0    0  

Sunrise Partners Limited Partnership

     7,850    298,267    186,548    111,719    0.14  

OCM Convertible Trust(7)

     2,300    54,657    54,657    0    0  

State Employees’ Retirement Fund of the State of Delaware(7)

     1,935    45,983    45,983    0    0  

Partner Reinsurance Company, LTD(7)

     1,335    31,725    31,725    0    0  

Chrysler Corporation Master Retirement Trust(7)

     6,520    154,942    154,942    0    0  



 

Vanguard Convertible Securities Fund, Inc.(7)

     13,635     324,024    324,024    0    0  

Microsoft Corporation(7)

     1,005     23,883    23,883    0    0  

Qwest Occupational Health Trust(7)

     265     6,297    6,297    0    0  

International Truck & Engine Corporation Non-Contributory Retirement Plan Trust(7)

     300     7,129    7,129    0    0  

International Truck & Engine Corporation Retirement Plan for Salaried Employees Trust(7)

     0     0    0    0    0  

International Truck & Engine Corporation Retiree Health Benefit Trust(7)

     335     7,961    7,961    0    0  

UnumProvident Corporation(7)

     750     17,823    17,823    0    0  

FM Kirby Foundation, Inc.(7)

     1,215     28,873    28,873    0    0  

OCM Global Convertible Securities Fund(7)

     240     5,703    5,703    0    0  

Advent Convertible Master (Cayman) LP

     6,174     146,720    146,720    0    0  

State of Maryland Agency

     4,003     95,128    95,128    0    0  

Municipal Employees

     319     7,580    7,580    0    0  

Lyxor

     680     16,159    16,159    0    0  

Grady Hospital Foundation

     163     3,873    3,873    0    0  

The Grable Foundation

     103     2,447    2,447    0    0  

Delaware Public Employees Retirement System

     1,502     35,693    35,693    0    0  

HFR Aribrage Fund

     378     8,982    8,982    0    0  

2000 Revocable Trust FBO AR Lauder/Zinterhofer

     7     166    166    0    0  

Tag Associates

     39     926    926    0    0  

Trustmark Insurance

     359     8,531    8,531    0    0  

Ohio Bureau of Workers Compensation

     183     4,348    4,348    0    0  

Pro-Mutual

     1,095     26,021    26,021    0    0  

Occidental Petroleum Corporation

     350     8,317    8,317    0    0  

City and County of San Francisco Retirement System

     1,848     43,916    43,916    0    0  

1976 Distribution Trust FBO AR Lauder/Zinterhofer

     8,000     190,113    190,113    0    0  

New Orleans Firefighters Pension Relief Fund

     125     2,970    2,970    0    0  

Arlington County Employees Retirement System

     840     19,961    19,961    0    0  

Asante Health Systems

     160     3,802    3,802    0    0  

Independence Blue Cross

     772     18,345    18,345    0    0  

Alpha US Sub Fund 4 LLC

     229     5,442    5,442    0    0  

Alcon Laboratories

     470     11,169    11,169    0    0  

British Virgin Islands Social Security Board

     153     3,635    3,635    0    0  

City of New Orleans

     253     6,012    6,012    0    0  

City University of New York

     188     4,467    4,467    0    0  

Policeman and Fireman Retirement System of the City of Detroit

     558     13,260    13,260    0    0  

Merrill Lynch Insurance Group

     397     9,434    9,434    0    0  

Xavex Convertible Arbitrage 9 Fund

     1,000     23,764    23,764    0    0  

Merrill Lynch Pierce Fenner & Smith Inc.

     6,359     151,116    151,116    0    0  

TCW Group INC

     4,275     101,591    101,591    0    0  

FA Convertible Arbitrage LTD

     1,050     24,952    24,952    0    0  

MSS Convertible Arbitrage 3

     250     5,941    5,941    0    0  

Citadel Equity Fund LTD

     10,000     237,642    237,642    0    0  

BP Amoco Corporation Master Trust for Employee Pension Plans

     12,475     296,458    296,458    0    0  

Continental Insurance Company on Behalf of its Separate Account (E)

     2,705     64,282    64,282    0    0  

UBS AG London Branch (8)

     37,250     885,216    885,216    0    0  

Maryland State Retirement Agency

     4,003     95,128    95,128    0    0  

Saranac Capital Management LP (9)

     26,844     637,926    637,926    0    0  

Van Kampen Harbor Fund

     2,450     57,922    57,922    0    0  

GLG Market Neutral Fund

     10,000     237,642    237,642    0    0  

Deutsche Bank Securities

     4,500     106,938    106,938    0    0  

DBAG London

     1,500     35,646    35,646    0    0  
    


 
  
  
  

TOTAL

   $ 348,000 (10)   9,449,841    8,269,940    1,179,901    1.52 %
    


 
  
  
  

 

(1) Pursuant to Rule 416(a) of the Securities Act of 1933, as amended (the “Securities Act”), the registration statement also covers any additional securities that may be offered or issued to prevent dilution resulting from stock splits, stock dividends or similar transactions, including the two-for-one stock split effective for all shares of our common stock held of record as of June 2, 2004.



 

(2)    The table sets forth, to our knowledge, certain information about the selling securityholders as of December 8, 2005. Except as otherwise indicated, the number of shares owned represents less than 1% of our outstanding shares as of the date of this prospectus supplement. Information about the beneficial ownership of our shares prior to and after this offering has been given to us by the selling securityholders. The inclusion of any shares in this table does not constitute an admission of beneficial ownership for the named selling securityholder.

(3)    Assumes conversion of all the holder’s notes at a conversion rate of 23.7642 shares of common stock per $1,000 principal amount at maturity of notes, rounded down to the nearest whole number of shares. However, this conversion price will be subject to adjustment as described under “Description of Notes—Conversion of Notes” in the prospectus. As a result, the amount of common stock issuable upon conversion of the notes may increase or decrease in the future. A holder of a note otherwise entitled to a fractional share will receive cash equal to the applicable portion of the closing price of our common stock on the trading day immediately preceding the conversion date.

(4)    Assumes sales of all shares to be sold pursuant to the prospectus, as supplemented.

(5)    Calculated based on Rule 13d-3(d)(1)(i) of the Exchange Act using 77,520,659 shares of common stock outstanding as of December 8, 2005. In calculating this amount, shares owned by a holder prior to this offering are included with the number of shares of common stock issuable upon conversion of that holder’s notes. In addition, we treated as outstanding the number of shares of common stock issuable upon conversion of all of that particular holder’s notes. However, we did not assume conversion of any other holder’s notes.

(6)    Number of shares owned represents 1.3% of our outstanding shares as of December 8, 2005.

(7)    Oaktree Capital Management LLC is the investment manager for this selling securityholder with respect to the securities set forth next to the selling securityholder’s name.

(8)    Number of shares owned represents 1.1% of our outstanding shares as of December 8, 2005.

(9)    Saranac Capital Management LP acts as discretionary investment advisor on behalf of the following beneficial owners holding the following principal amounts at maturity: Citigroup Alternative Investments Diversified Arbitrage Strategies Fund Ltd. ($3,719,000); Citigroup Alternative Investments Enhanced Arbitrage Strategies Fund ($657,000); Citigroup Alternative Investments QIP Multi Strategy Arbitrage Portfolio ($18,208,000); Saranac Erisa Arbitrage LTD ($3,862,000); and Saranac Erisa Arbitrage LP ($398,000).

(10)  The figures in this column are based on information supplied to us as of December 8, 2005 by the selling securityholders named in the table. As of that date, these selling securityholders had supplied us with information indicating that, collectively, they owned more than $348,000,000 aggregate principal amount of notes, reflecting, we believe that one or more selling securityholders supplied us with information for inclusion in the table and then sold their notes in transactions exempt from the registration requirements of the Securities Act to persons who also supplied us with information with respect to the same notes. However, since neither the prospectus, as supplemented, nor the registration statement of which the prospectus forms a part would be applicable to any notes after they have been publicly sold using the prospectus, as supplemented, or the registration statement of which the prospectus forms a part, no more than $348,000,000 aggregate principal amount of notes could be sold using the prospectus, as supplemented, or the registration statement of which the prospectus forms a part and, accordingly, the total in this column represents the maximum principal amount of notes that could be sold under the prospectus, as supplemented, or the registration statement of which the prospectus forms a part.

 

All selling securityholders currently known to us are listed in the table. Information about other unidentified securityholders will be set forth in additional supplements or amendments to the prospectus, as required.

 

When we refer to the “selling securityholders” in this prospectus supplement, we mean those persons listed in the table above, as well as donees, pledgees, transferees or other successors-in-interest selling securities received from a named selling securityholder as a gift, pledge, distribution to members or partners or other non-sale-related transfer after the date of this prospectus supplement. Information about the selling securityholders may change over time. Any changed information will be set forth in prospectus supplements and/or amendments as permitted by the applicable rules of the SEC.