This Amendment No. 2 (this
Amendment
) amends and supplements the
Solicitation/Recommendation Statement on Schedule
14D-9
(as amended or supplemented from time to time, the
Schedule
14D-9
) filed by Black Box
Corporation, a Delaware corporation (the
Company
), with the Securities and Exchange Commission on November 21, 2018, relating to the offer by Host Merger Sub Inc. (a Delaware corporation and a wholly owned subsidiary of BBX
Inc., a Delaware corporation and a wholly owned subsidiary of BBX Main Inc., a Delaware corporation and a wholly owned subsidiary of AGC Networks Pte. Ltd., a company organized under the laws of Singapore) to purchase any and all of the outstanding
shares of the Companys common stock, par value $0.001 per share, at a purchase price of $1.08 per share, net to the holder thereof, in cash, without interest thereon, upon the terms and subject to the conditions set forth in the Offer to
Purchase, dated November 21, 2018 (incorporated by reference in the Schedule
14D-9
as Exhibit (a)(1)(A)), as amended or supplemented from time to time, and in the related Letter of Transmittal
(incorporated by reference in the Schedule
14D-9
as Exhibit (a)(1)(B)), as amended or supplemented from time to time.
Except to the extent amended and supplemented by this Amendment, the information in the Schedule
14D-9
remains
unchanged. Capitalized terms used, but not otherwise defined, in this Amendment have the meanings ascribed to them in the Schedule
14D-9.
Item 8.
|
Additional Information.
|
The paragraph under the heading Legal Proceedings. on page 71 of the Schedule
14D-9
is hereby amended and
restated in its entirety as follows:
On November 29, 2018, a purported stockholder filed a putative class action lawsuit in the
Court of Common Pleas of Washington County, Pennsylvania, captioned
Michael Wood
v.
Black Box Corporation, et al.
, Case No. 2018-6696 (PA Washington CT. C.P.) (the
Wood
Complaint
). The
Wood
Complaint names the Company and the Company Board as defendants. The
Wood
Complaint alleges that the Company Board violated fiduciary duties owed to the Companys public shareholders, by, among other things, purportedly failing to obtain
for the Companys stockholders the highest value available for the Company in the marketplace. The
Wood
Complaint seeks, among other things, to enjoin the Merger Agreement and the Offer unless or until the Company adopts and implements a
procedure or process to obtain the highest possible value in the best interests of the Company stockholders, or, alternatively, to recover damages if the Offer is consummated prior to the entry of the courts final judgment. The Company
believes that the action is without merit and intends to vigorously defend against all claims asserted in the
Wood
Complaint.
Also
on November 29, 2018, a purported stockholder filed a putative class action lawsuit in the United States District Court for the District of Delaware, captioned
Adam Franchi
v.
Black Box Corporation, et al.
, Case No.
1:18-cv-01890
(D. Del.) (the
Franchi
Complaint
). The
Franchi
Complaint names the Company, the Company Board, Top Parent, Parent, BBX
Intermediate and Merger Sub as defendants. The
Franchi
Complaint alleges that the defendants violated federal securities laws by filing, or causing the Company to file, a Schedule
14D-9
Solicitation/Recommendation Statement in connection with the Contemplated Transactions that omits purportedly material information. The
Franchi
Complaint seeks, among other things, to enjoin the closing of the Contemplated Transactions or,
alternatively, to recover damages if the Contemplated Transactions close. The Company believes that the action is without merit and intends to vigorously defend against all claims asserted in the
Franchi
Complaint.
On November 30, 2018, a purported stockholder filed a putative class action lawsuit in the United States District Court for the Central
District of California, captioned
James Adie
v.
Black Box Corporation, et al.
, Case No.
5:18-cv-02537
(C.D Cal.) (the
Adie
Complaint
). The
Adie
Complaint names the Company and the Company Board as defendants. The
Adie
Complaint alleges that the defendants violated federal securities laws by filing, or causing the Company to file, a Schedule
14D-9
Solicitation/Recommendation Statement in connection with the Offer that omits purportedly material information. The
Adie
Complaint seeks, among other things, to enjoin the closing of the Offer
unless and until the requested information is disclosed or, alternatively, to recover damages. The Company believes that the action is without merit and intends to vigorously defend against all claims asserted in the
Adie
Complaint.
2