UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE TO
TENDER OFFER STATEMENT
UNDER SECTION 14(d)(1) OR SECTION 13(e)(1) OF THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
HEARTWARE INTERNATIONAL, INC.
(Name of Subject Company (Issuer))
MEDTRONIC ACQUISITION CORP.
a wholly-owned subsidiary of
MEDTRONIC, INC.
a wholly-owned subsidiary of
MEDTRONIC PUBLIC LIMITED COMPANY
(Name of Filing Persons (Offerors))
Common Stock, $0.001 Par Value Per Share
(Title of Class of Securities)
422368100
(CUSIP Number of Class of Securities)
Keyna P. Skeffington, Esq.
Medtronic, Inc.
710 Medtronic Parkway
Minneapolis, Minnesota 55432
(763) 514-4000
(Name, address and telephone number of person authorized
to receive notices and communications on behalf of filing persons)
with copies to:
Christopher Comeau
Paul Kinsella
Ropes & Gray LLP
800 Boylston Street
Boston, Massachusetts 02199
Telephone: (617) 951-7000
CALCULATION OF FILING FEE
Transaction Valuation* | Amount Of Filing Fee** | |
| $1,066,144,449.00 | $107,361.00 |
| * | Calculated solely for purposes of determining the filing fee. The calculation of the transaction value is determined by adding the sum of (i) 17,552,633 shares of common stock, par value $0.001 per share, of HeartWare International, Inc. (“HeartWare”) multiplied by the offer price of $58.00 per share, (ii) 730,656 shares subject to issuance upon settlement of outstanding restricted stock units multiplied by the offer price of $58.00 per share and (iii) the net offer price for 218,518 shares issuable pursuant to outstanding options with an exercise price less than $58.00 per share (which is calculated by multiplying the number of shares underlying such outstanding options by an amount equal to $58.00 minus such applicable strike price). The calculation of the filing fee is based on information provided by HeartWare as of June 24, 2016. |
| ** | The filing fee was calculated in accordance with Rule 0-11 under the Securities Exchange Act of 1934, as amended, and Fee Rate Advisory No. 1 for Fiscal Year 2016, issued August 27, 2015, by multiplying the transaction valuation by 0.0001007. |
| 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: | $ | 107,361.00 | ||
Form or Registration No.: | Schedule TO-T | |||
Filing Party: | Medtronic plc | |||
Date Filed: | July 26, 2016 |
| ¨ | 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:
| þ | third-party tender offer subject to Rule 14d-1. |
| ¨ | issuer tender offer subject to Rule 13e-4. |
| ¨ | going-private transaction subject to Rule 13e-3. |
| ¨ | 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: ¨
If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:
| ¨ | Rule 13e-4(i) (Cross-Border Issuer Tender Offer) |
| ¨ | Rule 14d-1(d) (Cross-Border Third-Party Tender Offer) |
This Amendment No. 1 (this “Amendment”) to the Tender Offer Statement on Schedule TO amends and supplements the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission on July 26, 2016 (together with any amendments and supplements thereto, including this Amendment, the “Schedule TO”). The Schedule TO relates to the tender offer by Medtronic Acquisition Corp. (“Purchaser”), a wholly-owned subsidiary of Medtronic, Inc. (“Parent”), itself a wholly-owned subsidiary of Medtronic plc (“Medtronic”), for all of the outstanding shares of common stock, par value $0.001 per share (the “Shares”), of HeartWare International, Inc. (“HeartWare”) at a price of $58.00 per Share, paid to the seller in cash, without interest, subject to any required withholding of taxes, upon the terms and conditions set forth in the Offer to Purchase, dated July 26, 2016 (the “Offer to Purchase”), a copy of which is attached as Exhibit (a)(1)(A), and in the related Letter of Transmittal (the “Letter of Transmittal”), a copy of which is attached as Exhibit (a)(1)(B), which, as each may be amended or supplemented from time to time, collectively constitute the “Offer.” This Amendment is being filed on behalf of Medtronic, Parent and Purchaser. Capitalized terms used and not otherwise defined in this Amendment have the meanings given to such terms in the Offer to Purchase.
Amendments to the Offer to Purchase
Items 1 through 11.
The information set forth in the Offer to Purchase under “The Tender Offer—Section 15—Legal Matters” 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, are hereby amended and supplemented by adding the following paragraph at the end of “The Tender Offer—Section 15—Legal Matters—Antitrust” on page 37 of the Offer to Purchase:
“The proposed acquisition has been unconditionally cleared by the CNMC in Spain and by the German FCO. Satisfaction of the applicable Offer Condition relating to antitrust laws, set forth in Section 14—“Conditions of the Offer,” remains contingent on approval, prior to the Expiration Date, under the applicable antitrust laws in Austria. The four week Austrian review period is scheduled to expire on August 17, 2016.”
The information set forth in the Offer to Purchase under “The Tender Offer—Section 15—Legal Matters” 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, are hereby further amended and supplemented by adding the following paragraph at the end of such section on page 37 of the Offer to Purchase:
“Securityholder Litigation.On August 8, 2016, a complaint captionedHuttemann v. Barberich, et al., Case No. 1:16-cv-11618, was filed in the United States District Court for the District of Massachusetts against HeartWare and each member of HeartWare’s board of directors. The action was brought by Carolyn M. Huttemann, who claims to be a stockholder of HeartWare, on her own behalf, and seeks certification as a class action on behalf of all of HeartWare’s stockholders. The complaint alleges, among other things, that the defendants breached their fiduciary duties owed to HeartWare’s stockholders in connection with the Offer and the Merger. The complaint seeks to enjoin the proposed transaction or to rescind it should it be consummated, as well as money damages.”
SIGNATURES
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.
| MEDTRONIC ACQUISITION CORP. | ||||||
| Dated: August 9, 2016 | By: | /s/ Matthew J. Nicolella | ||||
| Name: | Matthew J. Nicolella | |||||
| Title: | Vice President | |||||
| MEDTRONIC, INC. | ||||||
| Dated: August 9, 2016 | By: | /s/ Christopher Cleary | ||||
| Name: | Christopher Cleary | |||||
| Title: | Vice President, Corporate Development | |||||
| MEDTRONIC PUBLIC LIMITED COMPANY | ||||||
| Dated: August 9, 2016 | By: | /s/ Keyna P. Skeffington | ||||
| Name: | Keyna P. Skeffington | |||||
| Title: | Assistant Secretary | |||||
EXHIBIT INDEX
Exhibit | Description | |
| (a)(1)(A) | Offer to Purchase, dated July 26, 2016.* | |
| (a)(1)(B) | Letter of Transmittal.* | |
| (a)(1)(C) | Letter to Brokers, Dealers, Banks, Trust Companies and Other Nominees.* | |
| (a)(1)(D) | Letter to Clients for Use by Brokers, Dealers, Banks, Trust Companies and Other Nominees.* | |
| (a)(1)(E) | Summary Advertisement as published inThe Wall Street Journal on July 26, 2016.* | |
| (a)(1)(F) | Joint Press Release issued by Medtronic plc and HeartWare International, Inc., dated June 27, 2016 (incorporated by reference to Exhibit 99.1 to the Schedule TO-C filed by Medtronic plc with the Securities and Exchange Commission on June 27, 2016). | |
| (a)(1)(G) | HeartWare Employee Presentation, dated June 27, 2016 (incorporated by reference to Exhibit 99.1 to the Schedule TO-C filed by Medtronic plc with the Securities and Exchange Commission on June 27, 2016). | |
| (a)(1)(H) | HeartWare Employee Communication, dated July 20, 2016 (incorporated by reference to Exhibit 99.1 to the Schedule TO-C filed by Medtronic plc with the Securities and Exchange Commission on July 21, 2016). | |
| (b) | None. | |
| (d)(1) | Agreement and Plan of Merger, dated as of June 27, 2016, by and among Medtronic, Inc., Medtronic Acquisition Corp. and HeartWare International, Inc. (incorporated by reference to Exhibit 2.1 to the Form 8-K filed by HeartWare International, Inc. with the Securities and Exchange Commission on June 27, 2016). | |
| (d)(2) | Confidential Disclosure Agreement, dated as of January 19, 2016, by and between Medtronic, Inc. and HeartWare, Inc.* | |
| (g) | None. | |
| (h) | None. | |
| * | Previously Filed |
