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. 2)
KING PHARMACEUTICALS, INC.
(Name of Subject Company (Issuer))
KING PHARMACEUTICALS, INC.
(Name of Filing Person (Issuer))
| | | |
| | | 495582AG3 (Registered) |
| 23/4% Convertible Debentures due November 15, 2021 | | 495582AF5 (Restricted) |
| (Title of Class of Securities) | | (CUSIP Number of Class of Securities) |
James W. Elrod, Esq.
General Counsel and Secretary
King Pharmaceuticals, Inc.
501 Fifth Street
Bristol, Tennessee 37620
(423) 989-8000
(Name, Address and Telephone Numbers of Person Authorized
to Receive Notices and Communications on Behalf of Filing Person)
Copies to:
Jonathan L. Kravetz, Esq.
Megan N. Gates, Esq.
Darin P. Smith, Esq.
Mintz, Levin, Cohn, Ferris,
Glovsky and Popeo, P.C.
One Financial Center
Boston, Massachusetts 02110
(617) 542-6000
CALCULATION OF FILING FEE
| | | | | | |
| |
| | Transaction Valuation* | | | Amount of Filing Fee** | |
| | $179,325,000 | | | $19,187.78 | |
| |
| * | | Calculated solely for purposes of determining the filing fee. The transaction valuation upon which the filing fee was based was calculated as follows: The purchase price of the 23/4% Convertible Debentures due November 15, 2021 (the “Securities”), as described herein, is $996.25 per $1,000 principal amount outstanding. As of April 28, 2006, there was $180,000,000 in aggregate principal amount of Securities outstanding, resulting in an aggregate maximum purchase price of $179,325,000. |
| |
| ** | | The amount of the filing fee was calculated in accordance with Rule 0-11 under the Securities Exchange Act of 1934, as amended, and equals $107 for each $1,000,000 of the value of the transaction. |
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| þ | | Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) 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. |
| | | | | | | | | | | |
| Amount Previously Paid: $19,187.78 | | | | Filing Party: King Pharmaceuticals, Inc. |
| Form or Registration No.: Schedule TO | | | | Date Filed: May 1, 2006 |
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| o | | Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. |
Check the appropriate boxes below to designate any transactions to which the statement relates:
| | | | | | | |
| o | | third-party tender offer subject to Rule 14d-1. | | þ | | issuer tender offer subject to Rule 13e-4. |
| o | | going-private transaction subject to Rule 13e-3. | | o | | amendment to Schedule 13D under Rule 13d-2. |
Check the following box if the filing is a final amendment reporting the results of the tender offer:þ
TABLE OF CONTENTS
INTRODUCTORY STATEMENT
This Amendment No. 2 (“Amendment No. 2”) amends and supplements the Tender Offer Statement on Schedule TO originally filed by King Pharmaceuticals, Inc., a Tennessee corporation (the “Company”) on May 1, 2006, as amended by Amendment No. 1 to Schedule TO filed by the Company on May 31, 2006 (collectively, the “Schedule TO”), pursuant to Section 13(e) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), in connection with its offer (the “Tender Offer”) to purchase for cash any and all of its outstanding 23/4% Convertible Debentures due November 15, 2021 (the “23/4% Debentures”), upon the terms and subject to the conditions set forth in the offer to purchase dated April 28, 2006 (the “Offer to Purchase”) and in the related Letter of Transmittal, which have been filed as Exhibits (a)(1)(A) and (a)(1)(B) to the Schedule TO, respectively (which, together with any supplements or amendments thereto, collectively constitute the “Tender Offer Documents”).
The information in the Tender Offer Documents, including all schedules and annexes thereto, which were previously filed with the Schedule TO, is hereby expressly incorporated herein by reference, except that such information is hereby amended and supplemented to the extent specifically provided herein.
The Tender Offer expired at 12:01 a.m., New York City time, on June 2, 2006.
This Amendment No. 2 is intended to satisfy the reporting requirements of Rule 13e-4(c)(4) under the Exchange Act.
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| Item 1. | | Summary Term Sheet. |
Item 1 of the Schedule TO is hereby amended and supplemented by adding the following language:
The Tender Offer expired at 12:01 a.m., New York City time, on Friday, June 2, 2006. Based on the information provided by Computershare Trust Company of New York (the “Depositary”), approximately $175.7 million of aggregate principal amount of the 23/4% Debentures (or 97.61%) had been validly tendered in the Tender Offer, and no 23/4% Debentures had been withdrawn. The Company has accepted for purchase all of the 23/4% Debentures validly tendered and not withdrawn and will forward today payment for the 23/4% Debentures accepted for purchase to the Depositary, who will promptly pay the purchase price to the holders who tendered their 23/4% Debentures. On June 2, 2006, the Company issued a press release announcing the final results of the Tender Offer. A copy of this press release is filed as Exhibit (a)(5)(C) to this Amendment No. 2 and is incorporated herein by reference.
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| Item 4. | | Terms of the Transaction. |
Item 4 of the Schedule TO is hereby amended and supplemented by adding the language set forth above under Item 1. Such language is incorporated herein by reference.
Item 12 of the Schedule TO is hereby amended and supplemented by the addition of the following exhibit:
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| | | (a)(5)(C) | | Press release issued by the Company on June 2, 2006. |
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.
Date: June 2, 2006
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| | | KING PHARMACEUTICALS, INC. |
| | | | | |
| | | By: | | /s/ BRIAN A. MARKISON |
| | | | | |
| | | Name: | | Brian A. Markison |
| | | Title: | | President and Chief Executive Officer |
EXHIBIT INDEX
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| (a)(1)(A)* | | Offer to Purchase, dated April 28, 2006. |
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| (a)(1)(B)* | | Form of Letter of Transmittal (including Substitute Form W-9). |
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| (a)(1)(C)* | | Guidelines for Certification of Taxpayer Identification Number on Substitute Form W-9. |
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| (a)(1)(D)* | | Form of Letter to Brokers, Dealers, Commercial Banks, Trust Companies and other Nominees. |
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| (a)(1)(E)* | | Form of Letter to Clients. |
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| (a)(5)(A)* | | Press Release issued by the Company on April 28, 2006. |
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| (a)(5)(B)* | | Press Release issued by the Company on May 26, 2006. |
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| (a)(5)(C) | | Press Release issued by the Company on June 2, 2006. |
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| (b)(1) | | Indenture (including form of 11/4% Convertible Senior Note due 2026), dated as of March 29, 2006, by and among the Company, its domestic subsidiaries and The Bank of New York Trust Company, N.A., as trustee, is incorporated herein by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K (File No. 001-15875) filed with the Commission on March 30, 2006. |
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| (d)(1) | | Indenture (including form of 23/4% Convertible Debenture due November 15, 2001), dated as of November 1, 2001, by and among the Company, the guarantors listed on the signature pages thereto and The Bank of New York, as trustee, is incorporated herein by reference to Exhibit 4.3 to the Registration Statement on Form S-3 (SEC File No.: 333-82126) filed by the Company with the Commission on February 4, 2002. |
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| (d)(2) | | Registration Rights Agreement, dated November 1, 2001, by and among the Company, Credit Suisse First Boston Corporation, J.P. Morgan Securities Inc., Banc of America Securities LLC and UBS Warburg LLC, is incorporated herein by reference to Exhibit 4.5 to the Registration Statement on Form S-3 (SEC File No.: 333-82126) filed by the Company with the Commission on February 4, 2002. |
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| (d)(3) | | The information set forth in response to Item 12(b)(1) of this Amendment No. 2 to Schedule TO is incorporated herein by reference. |
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| (d)(4) | | Registration Rights Agreement, dated as of March 29, 2006, by and among the Company, its domestic subsidiaries and Citigroup Global Markets Inc., as representative of the Initial Purchasers (as defined therein), is incorporated herein by reference to Exhibit 4.2 to the |
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| | | Company’s Current Report on Form 8-K (File No. 001-15875) filed with the Commission on March 30, 2006. |
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| (g) | | Not applicable. |
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| (h) | | Not applicable. |
