Amended Tender Offer Statement by Third Party (sc To-t/a)
01 February 2018 - 12:38AM
Edgar (US Regulatory)
As filed with the Securities and Exchange Commission on January 31, 2018
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE TO
Tender Offer Statement under Section 14(d)(1) or 13(e)(1)
of the Securities Exchange Act of 1934
(Amendment No. 6)
Amplify Snack
Brands, Inc.
(Name of Subject Company (Issuer))
Alphabet Merger Sub Inc.
A wholly owned subsidiary of
The Hershey Company
(Names of Filing Persons (Offeror))
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
03211L102
(CUSIP Number
of Class of Securities)
Leslie M. Turner
Senior Vice President, General Counsel and Secretary
The Hershey Company
100
Crystal A Drive
Hershey, PA 17033
Tel: (717)
534-4200
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications on Behalf of Filing Persons)
Copy to:
Martha
E. McGarry
Thomas W. Greenberg
Maxim O. Mayer-Cesiano
Skadden, Arps, Slate, Meagher & Flom LLP
Four Times Square
New
York, NY 10036
(212)
735-3000
CALCULATION OF FILING FEE
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Transaction Valuation
(1)
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Amount of Filing Fee
(2)
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$945,150,311
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$117,671
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(1)
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Estimated solely for purposes of calculating the filing fee. The transaction valuation was calculated as the sum of (i) 75,468,620 outstanding shares of common stock, par value $0.0001 per share (the
Shares
), of Amplify Snack Brands, Inc. (excluding restricted shares which are addressed in clause (iii)) multiplied by $12.00, (ii) 2,428,849 Shares issuable pursuant to outstanding stock options that have vested (or are
anticipated to vest prior to the completion of the transaction) multiplied by $4.38 (which is $12.00 minus the weighted average exercise price for such options of $7.62 per Share) and (iii) 2,407,376 Shares issuable pursuant to outstanding
restricted stock units and restricted stock awards that have vested (or are anticipated to vest prior to the completion of the transaction) multiplied by $12.00. The calculation of the filing fee is based on information provided by Amplify Snack
Brands, Inc. as of December 15, 2017, the most recent practicable date.
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(2)
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The filing fee was calculated in accordance with Rule
0-11
under the Securities Exchange Act of 1934, as amended, and Fee Rate Advisory #1 for Fiscal Year 2018, issued
August 24, 2017, by multiplying the transaction value by 0.0001245.
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☒
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Check the box if any part of the fee is offset as provided by Rule
0-11(a)(2)
of the Securities Exchange Act of 1934 and identify the filing with which the offsetting fee was
previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
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Amount Previously Paid: $117,671
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Filing Party: Alphabet Merger Sub Inc. and The Hershey Company
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Form or Registration No.: Schedule TO
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Date Filed: January 2, 2018
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☐
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Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.
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Check the appropriate boxes below to designate any transactions to which the statement relates:
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☒
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third-party tender offer subject to
Rule 14d-1.
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☐
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issuer tender offer subject to
Rule 13e-4.
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☐
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going-private transaction subject to
Rule 13e-3.
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☒
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amendment to Schedule 13D under
Rule 13d-2.
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Check the following box if the filing is a final amendment reporting the results of the tender offer: ☒
This Amendment No. 6 (this
Amendment
) amends and supplements the
Tender Offer Statement on Schedule TO (together with any amendments or supplements thereto, the
Schedule TO
) filed by Alphabet Merger Sub Inc., a Delaware corporation (
Purchaser
) and a wholly
owned subsidiary of The Hershey Company, a Delaware corporation (
Parent
), with the U.S. Securities and Exchange Commission on January 2, 2018. The Schedule TO relates to the offer by Purchaser to purchase all
outstanding shares of common stock, par value $0.0001 per share (the
Shares
), of Amplify Snack Brands, Inc., a Delaware corporation (the
Company
), at a price per Share of $12.00 (such
price as it may be amended from time to time in accordance with the Merger Agreement, the
Offer Price
), net to the seller in cash, without any interest, but subject to and reduced by any required withholding of taxes upon
the terms and subject to the conditions set forth in the Offer to Purchase dated January 2, 2018 (together with any amendments or supplements thereto, the
Offer to Purchase
) and in the related Letter of Transmittal
(together with any amendments or supplements thereto, the
Letter of Transmittal
and, together with the Offer to Purchase, the
Offer
), which are annexed to and filed with the Schedule TO as Exhibits
(a)(1)(A) and (a)(1)(B), respectively. This Amendment is being filed on behalf of Purchaser and Parent. Unless otherwise indicated, references to sections in this Amendment are references to sections of the Offer to Purchase.
Amendment to the Offer to Purchase
Items 1 through 11.
The information set forth in the Offer to Purchase and Items 1 through 11 of the Schedule TO, to the extent such Items incorporate by
reference the information contained in the Offer to Purchase, is hereby amended and supplemented as follows:
At 12:00 midnight, New York
City time, at the end of Tuesday, January 30, 2018, the Offer expired. The Depositary has advised Purchaser that, as of the expiration of the Offer, a total of approximately 71,970,009 Shares, representing approximately 95.1391% of the
Companys currently outstanding Shares, were validly tendered and not withdrawn in the Offer, including 1,849,932 Shares tendered pursuant to guaranteed delivery procedures.
As of the expiration of the Offer, the number of Shares validly tendered and not properly withdrawn pursuant to the Offer satisfied the Minimum
Condition, and all other conditions to the Offer were satisfied or waived. Immediately after the expiration of the Offer, Purchaser irrevocably accepted for payment, and will promptly pay for, all Shares validly tendered and not properly withdrawn
prior to the expiration time of the Offer.
Parent and Purchaser completed the acquisition of the Company on January 31, 2018 by
consummating the Merger pursuant to the Merger Agreement without a meeting of the stockholders of the Company in accordance with Section 251(h) of the DGCL. As of the effective time of the Merger, each Share issued and outstanding immediately
prior to such time (other than any (i) Shares held in the treasury of the Company, (ii) Shares that at the commencement of the Offer were owned by Parent or Purchaser, or any direct or indirect wholly owned subsidiaries of Parent or
Purchaser, (iii) Shares irrevocably accepted for purchase in the Offer and (iv) Shares held by the Companys stockholders who properly demanded and perfected appraisal rights under Delaware law) was converted into the right to receive
an amount in cash equal to $12.00 per Share, net to the seller in cash, without any interest, but subject to and reduced by any required withholding of taxes.
Following consummation of the Merger, the Shares will be delisted and will cease to trade on the NYSE. Parent and Purchaser intend to take
steps to cause the termination of the registration of the Shares under the Exchange Act and suspend all of the Companys reporting obligations under the Exchange Act as promptly as practicable.
On January 31, 2018, Parent issued a press release announcing the expiration and results of the Offer. The full text of the press release
is attached as Exhibit (a)(5)(E) hereto, and is incorporated herein by reference.
Item 12. Exhibits
Item 12 of the Schedule TO is hereby amended and supplemented by adding the following exhibit:
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(a)(5)(E)
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Press Release of Parent, dated January 31, 2018, announcing the expiration and results of
the Offer
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SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and
correct.
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Dated: January 31, 2018
THE HERSHEY COMPANY
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By:
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/s/ Patricia Little
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Name: Patricia Little
Title: Senior Vice
President, Chief Financial Officer
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ALPHABET MERGER SUB INC.
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By:
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/s/ Bjork Hupfeld
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Name: Bjork Hupfeld
Title:
Treasurer
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EXHIBIT INDEX
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(a)(1)(A)
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Offer to Purchase, dated January 2, 2018*
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(a)(1)(B)
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Form of Letter of Transmittal*
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(a)(1)(C)
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Form of Notice of Guaranteed Delivery*
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(a)(1)(D)
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Form of Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees*
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(a)(1)(E)
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Form of Letter to Clients for Use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees*
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(a)(1)(F)
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Internal Revenue Service Form
W-9
(Request for Taxpayer Identification Number and Certification), including
instructions for completing the form*
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(a)(1)(G)
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Summary Advertisement, published January 2, 2018 in The Wall Street Journal*
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(a)(2)
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Not applicable
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(a)(3)
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Not applicable
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(a)(4)
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Not applicable
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(a)(5)(A)
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Joint Press Release of Parent and the Company, dated December 18, 2017 (incorporated by reference to the Current Report on Form
8-K
filed by the Company with the Securities and Exchange Commission on December 18, 2017)*
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(a)(5)(B)
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Investor Presentation, dated December
18, 2017 (incorporated by reference to the Current Report on Form
8-K
filed by Parent with the Securities and Exchange Commission on December 18, 2017)*
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(a)(5)(C)
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Letter Sent to Parent Employees on December 18, 2017 (incorporated by reference to the Tender Offer Statement on Schedule
TO-C
of Parent filed with the Securities and Exchange Commission on December 19, 2017)*
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(a)(5)(D)
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Conference Call Transcript, dated December 18, 2017 (incorporated by reference to the Tender Offer Statement on Schedule
TO-C
of Parent filed with the Securities and Exchange Commission on December 19, 2017)*
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(a)(5)(E)
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Press Release of Parent, dated January 31, 2018, announcing the expiration and results of the Offer
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(b)
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364 Day Credit Agreement, dated as of January
8, 2018, among Parent, Citibank, N.A., Bank of America, N.A. and Royal Bank of Canada (incorporated by reference to the Current Report on Form
8-K
filed by Parent with the Securities and Exchange Commission on January 9,
2018)*
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(d)(1)
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Agreement and Plan of Merger, dated as of December
17, 2017, among Parent, Purchaser and the Company (incorporated by reference to the Current Report on Form
8-K
filed by the Company with the Securities and Exchange Commission on December 18,
2017)*
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(d)(2)
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Form of Support Agreement (incorporated by reference to the Statement on Schedule 13D filed by Parent with the Securities and Exchange Commission
on December 27, 2017)*
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(d)(3)
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Confidentiality Agreement, dated as of January
23, 2017, between the Company and The Hershey Company (incorporated by reference to Exhibit (e)(2) to the Schedule
14D-9
filed by the Company with the Securities and Exchange Commission on January
2, 2018)*
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(g)
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Not applicable
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(h)
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Not applicable
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