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. 7)
MICROS SYSTEMS, INC.
(Name of Subject Company (Issuer))
ROCKET ACQUISITION CORPORATION
(Offeror)
a subsidiary of
OC ACQUISITION LLC
(Parent of Offeror)
a subsidiary of
ORACLE CORPORATION
(Parent of Offeror)
(Names of Filing Persons)
Common Stock, Par Value $0.025 Per Share
(Title of Class of Securities)
594901100
(Cusip Number of Class of Securities)
Dorian Daley
Senior Vice President, General Counsel and Secretary
Oracle Corporation
500 Oracle Parkway
Redwood City, California 94065
Telephone: (650) 506-7000
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications on Behalf of Filing Persons)
Copies to:
Keith A. Flaum
James R. Griffin
Weil, Gotshal & Manges LLP
201 Redwood Shores Parkway
Redwood City, California 94065
Telephone: (650) 802-3000
CALCULATION OF FILING FEE
Transaction Valuation* | Amount of Filing Fee** | |
$5,443,494,248 | $701,122.06 | |
* | Estimated solely for purposes of calculating the filing fee. This calculation is based on the offer to purchase all of the issued and outstanding shares of common stock, par value $0.025 per share, of MICROS Systems, Inc. (the “Company”), at a purchase price of $68.00 per share, net to the seller in cash, without interest thereon and subject to any required tax withholding. Such shares consist of: (i) 74,817,363 shares of common stock of the Company that were issued and outstanding as of June 25, 2014; (ii) 4,175,192 shares common stock of the Company potentially issuable upon exercise of outstanding exercisable in-the-money stock options as of June 25, 2014; and (iii) 1,058,831 shares of common stock of the Company potentially issuable pursuant to outstanding stock options that may undergo accelerated vesting and be settled for shares of common stock of the Company in connection with the Offer. The foregoing figures have been provided by the issuer to the offeror and are as of June 25, 2014, the most recent practicable date. |
** | 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 2014, issued August 30, 2013, by multiplying the transaction value by 0.00012880. |
x | Check 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: $701,122.06 | Filing Party: Rocket Acquisition Corporation, OC Acquisition LLC and Oracle Corporation | |
Form or Registration No.: Schedule TO | Date Filed: July 3, 2014 |
¨ | 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:
x | 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. 7 (this “Amendment”) amends and supplements the Tender Offer Statement on Schedule TO (together with any subsequent amendments and supplements thereto, the “Schedule TO”), filed with the Securities and Exchange Commission on July 3, 2014 by Rocket Acquisition Corporation, a Maryland corporation (“Purchaser”), a subsidiary of OC Acquisition LLC, a Delaware limited liability company (“Parent”), which is a subsidiary of Oracle Corporation, a Delaware corporation (“Oracle”). The Schedule TO relates to the offer by Purchaser to purchase all of the issued and outstanding shares of common stock, par value, $0.025 per share (the “Shares”), of MICROS Systems, Inc., a Maryland corporation (the “Company”), at a purchase price of $68.00 per Share net to the seller in cash, without interest thereon and subject to any required tax withholding, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated July 3, 2014 (the “Offer to Purchase”) and in the related Letter of Transmittal (which, together with the Offer to Purchase, as they may be amended or supplemented from time to time, collectively constitute the “Offer”), copies of which are attached to the Schedule TO as Exhibits (a)(1)(A) and (a)(1)(B), respectively.
Except as otherwise set forth in this Amendment, the information set forth in the Schedule TO remains unchanged and is incorporated herein by reference to the extent relevant to the items in this Amendment. Capitalized terms used but not defined herein have the meanings ascribed to them in the Schedule TO.
Items 1 through 9 and Item 11.
Items 1 through 9 and Item 11 are hereby amended and supplemented to include the following:
“At midnight, New York City time, at the end of the day on September 2, 2014, the initial offering period for the Offer expired as scheduled. The Depositary has advised that, as of the Expiration Time, a total of 59,996,829 Shares had been properly tendered and not withdrawn pursuant to the Offer, representing approximately 80.0% of the aggregate number of then issued and outstanding Shares. All conditions to the Offer having been satisfied, Purchaser accepted for payment, and expects to promptly pay for, all Shares properly tendered and not validly withdrawn pursuant to the Offer.
“In addition, the Depositary has advised that, as of the Expiration Time, 2,096,274 Shares have been tendered by Notice of Guaranteed Delivery, which, together with the Shares tendered as of the Expiration Time, represent approximately 82.8% of the aggregate number of then issued and outstanding Shares.
“Pursuant to the Merger Agreement and in accordance with Rule 14d-11 of the Exchange Act, Purchaser has commenced a subsequent offering period of the Offer for all remaining Shares. The subsequent offering period will expire at 12:00 midnight, New York City time, at the end of the day on September 5, 2014, unless extended. All Shares properly tendered during the subsequent offering period will be accepted for payment, and tendering holders will thereafter promptly be paid the same Offer Price of $68.00 per Share, net to the seller in cash, without interest thereon and subject to any required withholding of taxes, upon the terms and subject to the conditions set forth in the Offer to Purchase. The procedures for accepting the Offer and tendering Shares during the subsequent offering period are the same as those applicable to the initial offering period as described in the Offer to Purchase, except that Shares properly tendered during the subsequent offering period may not be withdrawn.”
Item 12.
Item 12 of the Schedule TO is hereby amended and supplemented by adding the following exhibits:
(a)(5)(N) | Press Release issued by Oracle on September 3, 2014, announcing the subsequent offering period. |
SIGNATURES
After due inquiry and to the best knowledge and belief of the undersigned, each of the undersigned certify that the information set forth in this statement is true, complete and correct.
Date: September 3, 2014
Rocket Acquisition Corporation | ||
By: | /s/ Dorian Daley | |
Name: | Dorian Daley | |
Title: | President | |
OC Acquisition LLC | ||
By: | /s/ Dorian Daley | |
Name: | Dorian Daley | |
Title: | President | |
Oracle Corporation | ||
By: | /s/ Dorian Daley | |
Name: | Dorian Daley | |
Title: | Senior Vice President, General Counsel and Secretary |
EXHIBIT INDEX
Exhibit No. | Description | |||
(a)(1)(A) | Offer to Purchase dated July 3, 2014.* | |||
(a)(1)(B) | Letter of Transmittal (including Guidelines for Certification of Taxpayer Identification Number on IRS Form W-9).* | |||
(a)(1)(C) | Notice of Guaranteed Delivery.* | |||
(a)(1)(D) | Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.* | |||
(a)(1)(E) | Letter to Clients for use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.* | |||
(a)(1)(F) | Summary Advertisement dated July 3, 2014.* | |||
(a)(5)(A) | Press Release issued by Oracle Corporation on June 23, 2014 (incorporated by reference to the Schedule TO filed by Oracle Corporation on June 23, 2014).* | |||
(a)(5)(B) | General Presentation issued by Oracle Corporation on June 23, 2014 (incorporated by reference to the Schedule TO filed by Oracle Corporation on June 23, 2014).* | |||
(a)(5)(C) | FAQ issued by Oracle Corporation on June 23, 2014 (incorporated by reference to the Schedule TO filed by Oracle Corporation on June 23, 2014).* | |||
(a)(5)(D) | Customer and Partner Letter issued by Oracle Corporation on June 23, 2014 (incorporated by reference to the Schedule TO filed by Oracle Corporation on June 23, 2014).* | |||
(a)(5)(E) | Website materials published by Oracle Corporation on June 23, 2014 (incorporated by reference to the Schedule TO filed by Oracle Corporation on June 23, 2014).* | |||
(a)(5)(F) | Amended complaint captionedShiva Y. Stein, Individually and on Behalf of Herself and All Others Similarly Situated v. MICROS Systems, Inc., et al., filed on June 27, 2014 and amended on July 9, 2014, in the Circuit Court for Howard County, Maryland.* | |||
(a)(5)(G) | Amended complaint captionedTiffani Boudreaux, Individually on Behalf of Herself and All Others Similarly Situated v. MICROS Systems, Inc. et al., filed on June 26, 2014 and amended on July 9, 2014, in the Circuit Court for Howard County, Maryland.* | |||
(a)(5)(H) | Amended complaint captionedJoel Rosenfeld IRA, Individually on Behalf of Itself and All Others Similarly Situated v. MICROS Systems, et al., filed on July 2, 2014 and amended on July 9, 2014, in the Circuit Court for Howard County, Maryland.* | |||
(a)(5)(I) | Complaint captioned Newspaper and Magazine Employees Union and Phila. Publishers’ Pension Fund, v. MICROS Systems, Inc., et al., filed July 10, 2014, in the Circuit Court for Howard County, Maryland.* | |||
(a)(5)(J) | Complaint captionedScott v. MICROS Systems, Inc., et al., filed July 10, 2014, in the Circuit Court for Howard County, Maryland.* | |||
(a)(5)(K) | Press Release issued by Oracle on July 29, 2014, announcing the extension of the Offer.* | |||
(a)(5)(L) | Press Release issued by Oracle on August 13, 2014, announcing the extension of the Offer.* | |||
(a)(5)(M) | Press Release issued by Oracle on August 29, 2014, announcing the receipt of European Commission antitrust clearance.* | |||
(a)(5)(N) | Press Release issued by Oracle on September 3, 2014, announcing the subsequent offering period. | |||
(a)(7) | Notice of Merger of Rocket Acquisition Corporation with and into MICROS Systems, Inc.* | |||
(b) | Not applicable. |
(d)(1) | Agreement and Plan of Merger, dated as of June 22, 2014, among MICROS Systems, Inc., OC Acquisition LLC, Rocket Acquisition Corporation and (solely with respect to performance of its obligations set forth in certain specified sections thereof) Oracle Corporation (incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K/A filed by MICROS Systems, Inc. with the SEC on July 3, 2014). | |||
(d)(2) | Form of Tender and Support Agreement (incorporated by reference to Exhibit A to Exhibit 2.1 to the Current Report on Form 8-K/A filed by MICROS Systems, Inc. with the SEC on July 3, 2014). | |||
(d)(3) | Confidential Disclosure Agreement, effective as of April 12, 2014, between Oracle Corporation and MICROS Systems, Inc. (incorporated by reference to Exhibit (e)(2) to the Schedule 14D-9 filed by MICROS Systems, Inc. on July 3, 2014). | |||
(d)(4) | Exclusivity Agreement, dated as of June 6, 2014, between MICROS Systems, Inc. and Oracle Corporation (incorporated by reference to Exhibit (e)(3) to the Schedule 14D-9 filed by MICROS Systems, Inc. on July 3, 2014). | |||
(e) | Not applicable. | |||
(g) | Not applicable. | |||
(h) | Not applicable. |
* | Previously filed |