- Amended tender offer statement by Third Party (SC TO-T/A)
June 23 2009 - 10:05AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Amendment
No. 1 to
SCHEDULE
TO
Tender
Offer Statement under Section 14(d)(1) or 13(e)(1) of the
Securities
Exchange Act of 1934
etrials
Worldwide, Inc.
(Name
of Subject Company (Issuer))
Merge
Acquisition Corp.
a
wholly owned subsidiary of
Merge
Healthcare Incorporated
(Names
of Filing Persons (Offerors))
Common
Stock, Par Value $0.0001 Per Share
(Title
of Class of Securities)
29786P103
(CUSIP
Number of Class of Securities)
Ann
Mayberry-French
Vice
President, General Counsel & Secretary
Merge
Healthcare Incorporation
6737
West Washington Street, Suite 2250
Milwaukee,
Wisconsin 53214
(414)
977-4000
(Name,
Address and Telephone Number of Person Authorized
to
Receive Notices and Communications on Behalf of Filing Persons)
Copy
to:
Mark
Harris
McDermott
Will & Emery LLP
227
West Monroe Street
Chicago,
Illinois 60606-5596
(312)
984-7700
Calculation
of Filing Fee
|
|
|
Transaction
Valuation*
|
|
Amount
of Filing Fee**
|
$
23,422,421
|
|
$1,307
|
*
|
Estimated
for purposes of calculating the amount of the filing fee only, in
accordance with Rule 0-11(a)(4) and 0-11(d) under the Securities Exchange
Act of 1934, as amended (the “Exchange Act”). The market value
of the securities to be received was calculated as the sum of (i) the
product of (a) 11,064,142 shares of ETWC common stock (as set forth
by ETWC in its Solicitation/Recommendation on Schedule 14D-9, filed
June 16, 2009) and (b) $1.815, the average of the high and low sales
prices of ETWC common stock as reported on The NASDAQ Stock Market on June
10, 2009 and (ii) the product of (a) 1,637,747 shares of ETWC common stock
issuable upon exercise of outstanding stock options and (b) $2.040, the
average of the high and low sales prices of ETWC common stock as reported
on The NASDAQ Stock Market on June 22, 2009.
|
**
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The
amount of the filing fee equals $55.80 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.
|
|
|
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Amount
Previously Paid: $1,121
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|
Filing
Party: Merge Healthcare Incorporated
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|
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Form
or Registration No.: Schedule TO
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Date
Filed: June 16, 2009.
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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:
x
|
third-party
tender offer subject to Rule 14d-1.
|
¨
|
issuer
tender offer subject to Rule 13e-4.
|
¨
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going-private
transaction subject to Rule 13e-3.
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¨
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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)
|
¨
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Rule
14d–1(d) (Cross-Border Third-Party Tender
Offer)
|
This
Amendment No. 1 (“Amendment No. 1”) amends and supplements the Tender
Offer Statement on Schedule TO originally filed with the Securities and Exchange
Commission (“SEC”) on June 16, 2009, relating to the offer (the “Offer”) by
Merge Acquisition Corp. (“Offeror”) to exchange for each outstanding share of
common stock, par value $0.0001 per share, of etrials Worldwide, Inc., a
Delaware corporation (“etrials”) (the “Shares”), at the election of the holder
thereof: (a) $0.80 in cash, without interest, and 0.3448 shares of common
stock, par value $0.01 per share, of Merge Healthcare Incorporated (“Merge
Healthcare Common Stock”), subject to the procedures described in the Prospectus
(as defined below) and the related Letter of Transmittal (as defined
below).
Merge
Healthcare has filed with the SEC a Registration Statement on Form S-4 dated
June 16, 2009, relating to the offer and sale of Merge Healthcare Common Stock
to be issued to holders of Shares in the Offer (the “Registration Statement”).
The terms and conditions of the Offer are set forth in the Prospectus/Offer to
Exchange, which is a part of the Registration Statement (the “Prospectus”), and
the related letter of transmittal (the “Letter of Transmittal”), which are filed
as Exhibits (a)(4) and (a)(1)(A), respectively, hereto. Pursuant to General
Instruction F to Schedule TO, the information contained in the Prospectus and
the Letter of Transmittal, including any prospectus supplement or other
supplement thereto related to the Offer hereafter filed with the SEC by Merge
Healthcare or Offeror, is hereby expressly incorporated in this Schedule TO by
reference in response to items 1 through 11 of this Schedule TO and is
supplemented by the information specifically provided for in this Schedule TO.
The Agreement and Plan of Merger, dated as of May 30, 2009, among Merge
Healthcare, etrials and Offeror (the “Merger Agreement”), a copy of which is
attached as Exhibit (d)(1) to this Schedule TO, is incorporated in this Schedule
TO by reference.
Item 12
of the Schedule TO is hereby amended and supplemented as follows:
A new
Exhibit (a)(5)(J) is added to Item 12 by adding the following text in the
appropriate place:
“(a)(5)(J)
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Joint
News Release issued by Merge Healthcare and etrials, dated June 16, 2009,
announcing the commencement of the exchange offer (incorporated by
reference to Exhibit 99.1 to Merge Healthcare’s Current Report on Form 8-K
filed on June 16, 2009).”
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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:
June 23, 2009
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MERGE
HEALTHCARE INCORPORATED
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By:
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Name:
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Justin
C. Dearborn
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Title:
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Chief
Executive Officer
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MERGE
ACQUISITION CORP.
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By:
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Name:
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Justin
C. Dearborn
|
Title:
|
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Chief
Executive Officer
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