SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE TO
(RULE 14d-100)
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR SECTION 13(e)(1) OF
THE SECURITIES EXCHANGE ACT OF 1934
AMENDMENT NO. 2
Credit Acceptance Corporation
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(Name of Subject Company (Issuer))
Credit Acceptance Corporation
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(Name of Filing Person (Offeror))
Common Stock, Par Value $.01 Per Share
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(Title of Class Securities)
225310-10-1
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(CUSIP Number of Class of Securities)
Charles A. Pearce
Vice President -- General Counsel and Corporate Secretary
Credit Acceptance Corporation
25505 West Twelve Mile Road, Suite 3000
Southfield, MI 48034-8339
(248) 353-2700
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications on Behalf of Filing Persons)
With a copy to:
Mark A. Metz, Esq.
Dykema Gossett PLLC
400 Renaissance Center
Detroit, MI 48243
(313) 568-6800
CALCULATION OF FILING FEE
Transaction Valuation* Amount of Filing Fee**
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$ 44,200,000 $ 3,576
* Estimated for purposes of calculating the amount of the filing fee only.
The amount assumes the purchase of a total of 2,600,000 shares of the
outstanding common stock at a price of $17.00 per share in cash.
** The amount of the filing fee equals $80.90 per $1 million of the
transaction value and is estimated in accordance with Rule 0-11 under the
Securities Exchange Act of 1934.
[ ] 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: $3,576 Filing Party: Credit Acceptance Corporation
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Form or Registration No.: Schedule TO Date Filed: November 26, 2003
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[ ] 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:
[ ] third-party tender offer subject to Rule 14d-1.
[X] 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: [ ]
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This Amendment No. 2 amends and supplements the Tender Offer Statement
on Schedule TO filed with the Securities and Exchange Commission on November 26,
2003, as amended by Amendment No. 1 thereto filed with the Commission on
December 18, 2003 (the "Schedule TO") by Credit Acceptance Corporation, a
Michigan corporation (the "Company" or "CAC"), in connection with the offer by
the Company to purchase up to 2,600,000 shares of its Common Stock, par value
$.01 per share (the "Shares") at a price between $12.50 and $17.00 per Share,
net to the seller in cash without interest, upon the terms and subject to the
conditions described in the Offer to Purchase dated November 26, 2003 (the
"Offer to Purchase") and the related Letter of Transmittal (the "Letter of
Transmittal"), which together, as each may be amended or supplemented from time
to time, constitute the "Offer" and which are appended to and filed with the
Schedule TO as Exhibits (a)(1)(i) and (a)(1)(ii), respectively. Capitalized
terms used herein but not otherwise defined have the meaning ascribed to such
terms in the Offer to Purchase.
ITEM 11. ADDITIONAL INFORMATION.
Item 11 is hereby amended and supplemented by adding the following
information:
On January 7, 2004, the Company issued a press release
announcing the preliminary results of the tender offer, which
expired on January 6, 2004. A copy of the press release is
filed as Exhibit (a)(5)(vi) to the Schedule TO and is
incorporated herein by reference.
ITEM 12. EXHIBITS.
Item 12 is hereby amended and supplemented to add the following:
Exhibit Number Description
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(a)(5)(vi) Press release dated January 7, 2004 announcing
preliminary results of the Offer.
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SIGNATURES
After due inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this Amendment No. 2 to Schedule TO is true,
complete and correct.
CREDIT ACCEPTANCE CORPORATION
Dated: January 7, 2003 By: /s/ Brett A. Roberts
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Brett A. Roberts
Chief Executive Officer
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EXHIBIT INDEX
EXHIBIT NUMBER DESCRIPTION
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(a)(5)(vi) Press release dated January 7, 2004 announcing preliminary
results of the Offer.
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