Amended Statement of Ownership: Solicitation (sc 14d9/a)
October 17 2017 - 10:38AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE
14D-9
(Rule 14d-101)
Solicitation/Recommendation Statement
Under Section 14(d)(4) of the Securities Exchange Act of 1934
Amendment No. 3
Dimension
Therapeutics, Inc.
(Name of Subject Company)
Dimension
Therapeutics, Inc.
(Name of Person(s) Filing Statement)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
25433V105
(CUSIP Number
of Class of Securities)
Annalisa Jenkins, M.B.B.S, F.R.C.P
President and Chief Executive Officer
840 Memorial Drive
Cambridge, MA 02139
(617)
401-0011
(Name, Address and Telephone Number of Person Authorized to Receive Notice and Communications on Behalf of the Person(s) Filing Statement)
With copies to:
Kingsley L. Taft, Esq.
Andrew H. Goodman, Esq.
Goodwin Procter LLP
100 Northern Avenue
Boston, MA 02110
(617) 570-1000
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Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.
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This Amendment No. 3 (this
Amendment
) amends and supplements the
Solicitation/Recommendation Statement on Schedule
14D-9
filed with the U.S. Securities and Exchange Commission (the
SEC
) on October 10, 2017 (together with the exhibits thereto and as
amended or supplemented from time to time, the
Schedule
14D-9
) by Dimension Therapeutics, Inc., a Delaware corporation (the
Company
). The Schedule
14D
-
9
relates to the cash tender offer by Mystic River Merger Sub Inc., a Delaware corporation (
Purchaser
), a subsidiary of Ultragenyx Pharmaceutical Inc., a Delaware corporation (
Ultragenyx
), to purchase all of the
issued and outstanding shares of the Companys common stock, par value $0.0001 per share (the
Shares
) at a price per Share equal to $6.00, net to the holder in cash, without interest thereon and subject to any required tax
withholding. The tender offer is disclosed in the Tender Offer Statement on Schedule TO filed by Ultragenyx and Purchaser with the SEC on October 10, 2017, and is made upon the terms and subject to the conditions set forth in the Offer to
Purchase dated October 10, 2017, and in the related Letter of Transmittal, which were filed as Exhibits (a)(1)(A) and (a)(1)(B) to the Schedule
14D-9,
respectively.
Capitalized terms used, but not otherwise defined, in this Amendment shall have the meanings ascribed to them in the Schedule
14D-9.
The information in the Schedule
14D-9
is incorporated into this Amendment by reference to all applicable items in the Schedule
14D-9,
except that such information is hereby amended and supplemented to the extent specifically provided herein.
Item 8. Additional Information.
Item 8 (
Additional Information
) of the Schedule
14D-9
is hereby amended and
supplemented by replacing in its entirety the paragraph entitled Litigation which begins on page 52 of the Schedule
14D-9
with the following two paragraphs:
Litigation
On
October 11, 2017, Louis Scarantino, alleging himself to be a stockholder of the Company, filed a putative class action complaint in the United States District Court for the District of Massachusetts, captioned
Louis Scarantino v. Dimension
Therapeutics, Inc. et al.
, Case No.
1:17-cv-11964
(the
Scarantino Complaint
) against the Company, all members of the Board, Ultragenyx and
Purchaser. Among other things, the Scarantino Complaint alleges that the Company, and the members of the Board in their capacity as controlling persons, omitted to state material information in the Schedule
14D-9,
rendering it false and misleading and in violation of the Exchange Act and related regulations. In addition, the Scarantino Complaint alleges that the members of the Board acted as controlling persons
of Dimension within the meaning and in violation of Section 20(a) of the Exchange Act to influence and control the dissemination of the allegedly defective Schedule
14D-9.
The Scarantino Complaint seeks,
among other things, an order enjoining consummation of the Transactions, rescission of the Transactions if they have already been consummated or rescissory damages, an order directing the Company to file a solicitation statement that does not
contain any untrue statement of material fact and states that all material facts required in order to make the statements contained therein not misleading, a declaration that the defendants violated Sections 14(e), 14(d), 20(a) and Rule
14d-9
of the Exchange Act, and an award of costs, including attorneys fees and experts fees.
On
October 15, 2017, another purported stockholder of the Company filed a putative class action lawsuit against the Company and its directors in the United States District Court for the District of Massachusetts, captioned
Michael Rubin v.
Dimension Therapeutics, Inc. et al.
, Case No.
1:17-cv-11992
(the Rubin Complaint). Among other things, the Rubin Complaint alleges that the Company, and
its directors in their capacity as controlling persons, violated federal securities laws by failing to disclose material information in the Schedule
14D-9.
The Rubin Complaint seeks, among other things, an
order enjoining consummation of the Transactions, rescission of the Transactions if they have already been consummated or rescissory damages, and an award of plaintiffs costs, including reasonable allowance for attorneys fees and
experts fees. The Company believes the allegations in both the Scarantino Complaint and the Rubin Complaint are without merit and that no further disclosure is required to supplement the Schedule
14D-9
under applicable laws. Additionally, similar cases may also be filed in connection with the proposed merger.
2
SIGNATURE
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.
Dated: October 17, 2017
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Dimension Therapeutics, Inc.
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By:
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/s/ Mary Thistle
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Name:
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Mary Thistle
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Title:
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Chief Operating Officer
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