UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE TO
TENDER OFFER STATEMENT UNDER SECTION 14(D)(1) OR 13(E)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
FINAL AMENDMENT
HATTERAS MASTER FUND, L.P.
(Name of Subject Company (Issuer))
HATTERAS MASTER FUND, L.P.
(Name of Filing Person(s) (Issuer))
LIMITED PARTNERSHIP INTERESTS
(Title of Class of Securities)
N/A
(CUSIP Number of Class of Securities)
David B. Perkins
8540 Colonnade Center Drive
Suite 401
Raleigh, NC 27615
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications on Behalf of the Filing Person(s))
With a copy to:
Michael P. Malloy, Esq.
Drinker Biddle & Reath LLP
One Logan Square
Philadelphia, PA 19103-6996
215-988-2700
December 27, 2007
(Date Tender Offer First Published,
Sent or Given to Security Holders)
CALCULATION OF FILING FEE
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Transaction Valuation: $108,000,000(a) Amount of Filing Fee: $3,315.60(b)
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(a) Calculated as the aggregate maximum value of Interests being purchased.
(b) Calculated at $30.70 per $1,000,000 of the Transaction Valuation.
[X] 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: $3,315.60
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Form or Registration No.: SC TO-I
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Filing Party: Hatteras Master Fund, L.P.
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Date Filed: December 27, 2007
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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: [X]
This final amendment relates to the Issuer Tender Offer Statement on Schedule TO
(the "Statement") originally filed with the Securities and Exchange Commission
on December 27, 2007 by Hatteras Master Fund, L.P. (the "Fund") in connection
with an offer (the "Offer") by the Fund to purchase limited partnership
interests ("Interests") in the Fund in an aggregate amount up to $108,000,000 on
the terms and subject to the conditions set out in the Offer to Purchase and the
related Letter of Transmittal. Copies of the Offer to Purchase and the Letter of
Transmittal were previously filed as Exhibits B and C to the Statement on
December 27, 2007.
This is the final amendment to the Statement and is being filed to report the
results of the Offer. The following information is furnished pursuant to Rule
13e-4(c)(4):
1. Holders of Interests in the Fund ("Partners") that desired to tender an
Interest, or a portion thereof, for purchase were required to submit their
tenders by 12:00 midnight, Eastern Time, on January 28, 2008.
2. As of January 28, 2008, five (5) Partners validly tendered Interests and did
not withdraw such tenders prior to the expiration of the Offer. The validly
tendered Interests were accepted for purchase by the Fund in accordance with the
terms of the Offer.
3. The net asset value of the Interests tendered pursuant to the Offer was
calculated as of March 31, 2008 in the amount of $60,205,586.
4. The payment of the purchase price of the Interests or portions of Interests
tendered was made in the form of a promissory note issued to each Investor whose
tender was accepted for purchase by the Fund in accordance with the terms of the
Offer. The promissory notes were held by UMB Fund Services, Inc., the Fund's
administrator, on behalf of such Investors, in accordance with the terms of the
Offer. Four Partners whose tenders were accepted for purchase by the Fund did
not tender their entire Interests in the Fund, therefore, pursuant to the
promissory notes issued to the Partners, the Fund will pay to the Partners 100%
of the Partners' unaudited net asset value of the Interests tendered. Cash
payments in the amount of the unaudited net asset value of the respective
Interests tendered were wired to the account designated by each Partner in the
Letter of Transmittal on April 15, 2008. One Partner, whose tender was accepted
for purchase by the Fund, tendered their entire Interest in the Fund; therefore,
pursuant to the promissory notes issued to the Partner, the Fund will pay to the
Partner at least 95% of the Partner's unaudited net asset value of the Interest
tendered (the "Initial Payment"). The Fund will pay the Partner a contingent
payment (the "Post-Audit Payment") equal to the excess, if any, of (1) the net
asset value of the Interest tendered and purchased as of March 31, 2008 (as it
may be adjusted based upon the next annual audit of the Fund's financial
statements) over (2) the Initial Payment. The Post-Audit Payment will be payable
promptly after the completion of the Fund's next annual audit. The Fund expects
that the audit will be completed by the end of May 2008. An Initial Payment in
the amount of at least 95% of the Partner's unaudited net asset value of the
Interest tendered was wired to the account designated by the Partner in their
Letter of Transmittal on April 15, 2008.
SIGNATURE
After due inquiry and to the best of my knowledge and belief,
I certify that the information set out in this statement is true, complete and
correct.
HATTERAS MASTER FUND, L.P.
By: /s/ David B. Perkins
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Name: David B. Perkins
Title: President and Chairman of the Board of Directors
HATTERAS INVESTMENT MANAGEMENT LLC,
as General Partner
By: /s/ David B. Perkins
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Name: David B. Perkins
Title: Managing Member
May 23, 2008