21.
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The information set forth in the section of the Offer to Purchase entitled The Tender OfferThe
Merger AgreementExtensions of the Offer is hereby amended and supplemented by adding the following at the end of the second paragraph of the section:
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The three additional extensions described above do not include the extension of the Offer until 12:00 midnight, New York time (one minute
after 11:59 p.m., New York time, on February 3, 2021), on February 3, 2021 that was announced on January 20, 202l.
22.
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The information set forth in the section of the Offer to Purchase entitled The Tender OfferCertain
Legal Matters; Regulatory Approvals; Litigation is hereby amended and supplemented by deleting the paragraphs in the subsection entitled Certain Litigation Matters in their entirety and replacing them with the following paragraphs:
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Seven lawsuits have been filed by purported stockholders of Collectors Universe regarding the Offer and the
Merger. The seven lawsuits are captioned Hicks v. Collectors Universe, Inc., et al., Case No. 1:20-cv-10863 (S.D.N.Y.) (filed Dec. 23, 2020); Stefano v. Collectors Universe, Inc., Case No. 1:20-cv-10872 (S.D.N.Y.) (filed Dec. 23, 2020); Stein v.
Collectors Universe, Inc., et al., Case No. 8:20-cv-02418 (C.D. Cal.) (filed Dec. 23, 2020); Palkon v. Collectors Universe, Inc., et al., Case No. 2:20-cv-06487 (E.D. Pa.) (filed Dec. 24, 2020); McGrath v. Collectors Universe, Inc., et al., Case No.
1:20-cv-11010 (S.D.N.Y.) (filed Dec. 29, 2020); Sharp v. Collectors Universe, Inc., et al., Case No. 2:20-cv-20594 (D.N.J.) (filed Dec. 30, 2020); and Murphy v. Collectors Universe, Inc., et al., Case No. 8:21-cv-00040 (C.D. Cal.) (filed Jan. 11,
2021) (which we refer to collectively as the Complaints). Each of the Complaints names as defendants Collectors Universe and the members of the Collectors Universe Board, and the Stefano Complaint also names Parent and
Purchaser as defendants. The Complaints generally allege violations of Sections 14(e), 14(d), and 20(a) of the Exchange Act and Rule 14d-9 promulgated thereunder, and the Hicks Complaint also asserts a common law claim for breach of fiduciary duty
against the members of the Collectors Universe Board. Additional lawsuits may be filed against Collectors Universe, the Collectors Universe Board, Parent and/or Purchaser in connection with the Offer, the Merger, the Schedule TO and/or the Schedule
14D-9.
The Complaints generally allege that the Schedule 14D-9 (as filed with the SEC on December 17, 2020) contains materially
incomplete and misleading information concerning: (1) Collectors Universes financial projections; (2) the financial analyses performed by Houlihan Lokey; and (3) the background and process leading up to the Merger, including the settlement
agreement we entered into with Alta Fox on September 29, 2020, and Deborah A. Farringtons recusal from deliberations of the Collectors Universe Board in connection with approving the Transactions. The Stefano, Palkon, Sharp, and
Murphy Complaints also allege that the Schedule 14D-9 contains materially incomplete and misleading information regarding (1) Houlihan Lokeys compensation and potential conflicts of interest, and (2) whether Collectors Universe entered
into any confidentiality agreements that contained standstill and/or dont ask, dont waive provisions.
The
Complaints seek, among other things, (1) to enjoin the defendants from proceeding with the Offer or the Merger; (2) to cause the defendants to disseminate revised disclosures; (3) to rescind the Merger or recover damages in the event that the Merger
is consummated; (4) a declaration that the respective defendants violated Sections 14(e), 14(d), and 20(a) of the Exchange Act and Rule 14a-9 promulgated thereunder; and (5) an award of costs of bringing the lawsuits, including reasonable
attorneys and experts fees and expenses, in addition to the other relief. We believe the Complaints are without merit and intend to vigorously defend against the Complaints.
Items 12. Exhibits
Item 12 of
the Schedule TO is hereby amended and supplemented by adding the following exhibits thereto:
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Exhibit No.
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Description
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(a)(1)(H)
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Press Release, dated January 20, 2021, issued by Collectors Universe, incorporated by reference to Exhibit 99.2 to the Form 8-K filed by Collectors Universe with the U.S. Securities and Exchange Commission on January 20,
2021.
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(d)(10)
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Amended and Restated Agreement and Plan of Merger, dated January 20, 2021, by and among Collectors Universe, Parent and Purchaser.
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(d)(11)
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Amendment No. 1 to Equity Commitment Letter, dated January 20, 2021, by and between D1 Capital Partners Master LP and Parent.
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(d)(12)
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Amendment No. 1 to Equity Commitment Letter, dated January 20, 2021, by and between CPV Investments VI, LLC and Parent.
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(d)(13)
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Amendment No. 1 to Back-to-Back Commitment Letter, dated January 20, 2021, by and between Nathaniel S. Turner V and CPV Investments VI, LLC.
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Amendments to the Other Exhibits to the Schedule TO
All references to $75.25 in the Letter of Transmittal (Exhibit (a)(1)(B)), Notice of Guaranteed Delivery (Exhibit (a)(1)(C)), Letter to Brokers,
Dealers, Commercial Banks, Trust Companies and Other Nominees (Exhibit (a)(1)(D)), and Letter to Clients for Use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees (Exhibit (a)(1)(E)), are hereby amended and replaced with
$92.00. All references to January 19, 2021 and January 20, 2021 in the Letter of Transmittal (Exhibit (a)(1)(B)), Notice of Guaranteed Delivery (Exhibit (a)(1)(C)), Letter to Brokers, Dealers, Commercial Banks,
Trust Companies and Other Nominees (Exhibit (a)(1)(D)), and Letter to Clients for Use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees (Exhibit (a)(1)(E)), are hereby amended and replaced with February 3, 2021.
The Offer to Purchase and Items 1 through 9 and 11 of the Schedule TO, to the extent such Items incorporate by reference the information contained in any
of the foregoing exhibits to the Schedule TO, are hereby amended and supplemented to reflect the same.