- Amended Statement of Beneficial Ownership (SC 13D/A)
September 10 2010 - 6:06AM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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. 9)
Health Grades, Inc.
(Name of Subject Company (Issuer))
Mountain Acquisition Corp.
Mountain Merger Sub Corp.
Vestar Capital Partners V, L.P.
(Name of Filing Persons (Offeror))
Common Stock, Par Value $0.001 Per Share
(Title of Class of Securities)
42218Q102
(CUSIP Number of Class of Securities)
Steven Della Rocca
Mountain Acquisition Corp.
c/o Vestar Capital Partners V, L.P.
245 Park Avenue, 41st Floor
New York, New York 10167
(212) 351-1600
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications on Behalf of Filing Persons)
With a
copy to:
Michael Movsovich
Kirkland & Ellis LLP
601 Lexington Avenue
New York, New York 10022
(212) 446-4800
CALCULATION OF FILING FEE
Transaction Valuation*
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Amount of Filing Fee**
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$294,000,586.00
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$20,962.24
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*
Calculated
solely for purposes of determining the filing fee. The calculation assumes the
purchase of 30,534,195 shares of common stock, par value $0.001 per share, at
$8.20 per share. The transaction value also includes the aggregate offer price
for 3,688,167 shares issuable pursuant to outstanding options with an exercise
price less than $8.20 per share, which is calculated by multiplying the number
of shares underlying such outstanding options at each exercise price therefor
by an amount equal to $8.20 minus such exercise price. The transaction value
also includes the aggregate net offer price for 125,000 shares issuable
pursuant to a warrant and 1,700,000 shares issuable pursuant to a
confidentiality and non-competition agreement with Mr. Kerry R. Hicks, the
Chief Executive Officer of Health Grades.
**
Calculated in
accordance with Exchange Act Rule 0-11 by multiplying the transaction
value by 0.0000713.
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:
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$20,962.24
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Filing Party:
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Mountain Acquisition Corp.
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Form or Registration No.:
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Schedule TO
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Date Filed:
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August 10, 2010
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o
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.
o
issuer tender offer subject to Rule 13e-4.
o
going-private transaction subject to Rule 13e-3.
x
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:
o
If
applicable, check the appropriate box(es) below to designate the appropriate
rule provision(s) relied upon:
o
Rule 13e-4(i) (Cross-Border Issuer Tender Offer).
o
Rule 14d-1(d) (Cross-Border Third-Party Tender Offer).
This
Amendment No. 9 to the Tender Offer Statement on Schedule TO (the Schedule
TO) amends and supplements the Schedule TO relating to the tender offer
by Mountain Merger Sub Corp., a Delaware corporation (Purchaser) and a direct
wholly-owned subsidiary of Mountain Acquisition Corp., a Delaware corporation (Parent),
for all of the outstanding common stock, par value $0.001 per share (the Shares),
of Health Grades, Inc., a Delaware corporation (Health Grades), at a price
of $8.20 per share net to the seller in cash without interest and less any
required withholding taxes, if any, upon the terms and conditions set forth in
the offer to purchase dated August 10, 2010 (the Offer to Purchase), a
copy of which is attached as Exhibit (a)(1)(A), and in the related letter
of transmittal (the Letter of Transmittal), a copy of which is attached as
Exhibit (a)(1)(B), which, together with any amendments or supplements,
collectively constitute the Offer.
Items 1
through 9 and 11
Items
1 through 9 and Item 11 of the Schedule TO, which incorporate by reference the
information contained in the Offer to Purchase, are hereby revised as follows:
On
September 9, 2010, Health Grades, Parent, Purchaser and Holdings entered
into Amendment No. 2 to the Merger Agreement (Amendment No. 2) to
extend the initial expiration of the Offer to 9:00 AM, New York City time, on
September 16, 2010. The foregoing
summary of Amendment No. 2 is qualified in its entirety by reference to
Amendment No. 2, which is filed as Exhibit (d)(4) hereto and is
incorporated herein by reference.
All references to the
Merger Agreement in the Schedule TO and the other documents distributed to
the Health Grades stockholders in connection with the Offer shall be deemed to
be references to the Merger Agreement after giving effect to Amendment
No. 2.
On
September 10, 2010, Vestar and Health Grades issued a joint press release
announcing the extension of the Expiration Date to 9:00 AM, New York City time,
on September 16, 2010. The
Expiration Date of the Offer may be further extended pursuant to the terms and
conditions of the Merger Agreement. The
full text of the press release is filed as Exhibit (a)(12) hereto and is
incorporated herein by reference.
Item
12. Exhibits.
Regulation
M-A Item 1016
Item
12 of the Schedule TO is amended and supplemented by adding the following
exhibits:
Exhibit No.
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Description
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(a)(12)
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Joint
Press Release of Health Grades, Inc. and Vestar Capital Partners V,
L.P., dated September 10, 2010 (incorporated by reference to
Exhibit 99.1 to the Current Report on Form 8-K filed by Health
Grades, Inc. with the Securities and Exchange Commission on
September 10, 2010).
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(d)(4)
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Amendment
No. 2 to Agreement and Plan of Merger among Health Grades, Inc.,
Mountain Acquisition Corp., Mountain Merger Sub Corp., and Mountain
Acquisition Holdings, LLC, dated as of September 9, 2010 (incorporated
by reference to Exhibit 2.1 to the Current Report on Form 8-K filed
by Health Grades, Inc. with the Securities and Exchange Commission on
September 10, 2010).
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2
SIGNATURES
After
due inquiry and to the best of their knowledge and belief, each of the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Dated: September 10, 2010
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MOUNTAIN
MERGER SUB CORP.
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By:
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/s/ STEVEN DELLA ROCCA
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Name:
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Steven Della Rocca
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Title:
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Secretary
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MOUNTAIN
ACQUISITION CORP.
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By:
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/s/ STEVEN DELLA ROCCA
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Name:
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Steven Della Rocca
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Title:
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Secretary
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VESTAR
CAPITAL PARTNERS V, L.P.
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By: Vestar Associates
V, L.P.,
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its General Partner
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By: Vestar Managers
V Ltd., its General Partner
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By:
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/s/ BRIAN P. SCHWARTZ
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Name:
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Brian P. Schwartz
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Title:
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Authorized Signatory
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3
EXHIBIT INDEX
(a)(1)(A)
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Offer to Purchase, dated
August 10, 2010.*
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(a)(1)(B)
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Letter of Transmittal.*
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(a)(1)(C)
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Notice of Guaranteed
Delivery.*
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(a)(1)(D)
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Letter from the
Information Agent to Brokers, Dealers, Commercial Banks, Trust Companies and
Nominees.*
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(a)(1)(E)
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Letter to Clients for Use
by Brokers, Dealers, Commercial Banks, Trust Companies and Nominees.*
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(a)(1)(F)
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Joint Press Release of Health
Grades, Inc. and Vestar Capital Partners V, L.P., dated
July 28, 2010 (incorporated by reference to Exhibit 99.1 to the
Schedule TO-C filed by Mountain Merger Sub Corp. with the Securities and
Exchange Commission on July 29, 2010).*
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(a)(1)(G)
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Summary Advertisement as
published on August 10, 2010.*
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(a)(5)
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Class Action Complaint and
Jury Demand dated July 30, 2010 (
Reginald W. Harris v.
Vestar Capital Partners V, L.P. et al.
).*
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(a)(6)
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Class Action Complaint and
Jury Demand dated August 4, 2010 (
Medford Bragg v. Vestar
Capital Partners V, L.P. et al.
).*
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(a)(7)
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Press Release of
Affiliates of Vestar Capital Partners V, L.P., dated August 10,
2010.*
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(a)(8)
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Verified Class Action
Complaint dated August 12, 2010 (
Tove
Forgo v. Health Grades, Inc. et. al.
).*
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(a)(9)
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Verified Class Action
Complaint for Breach of Fiduciary Duty dated August 16, 2010 (
Peter P. Weigard v. Kerry Hicks, et. al.
).*
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(a)(10)
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Shareholder Class Action
Complaint and Jury Demand dated August 17, 2010 (
Sarah E. Tomsky v. Health Grades, Inc., et.
al.
).*
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(a)(11)
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Transcript From September 3,
2010 Hearing Containing the Courts Ruling on Plaintiffs Motion for
Preliminary Injunction,
In re Health
Grades, Inc. Shareholders Litigation,
Consolidated C.A. No. 5716-VCS
(pending in the Delaware Court of Chancery) (incorporated by reference to
Exhibit (a)(5)(F) to the amendment to the
Solicitation/Recommendation Statement on Schedule 14D-9 filed by Health
Grades, Inc. with the Securities and Exchange Commission on September 7,
2010).*
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(a)(12)
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Joint Press Release of
Health Grades, Inc. and Vestar Capital Partners V, L.P., dated September 10,
2010 (incorporated by reference to Exhibit 99.1 to the Current Report on
Form 8-K filed by Health Grades, Inc. with the Securities and
Exchange Commission on September 10, 2010).
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(b)(1)
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Equity Financing
Commitment, dated July 27, 2010.*
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(b)(2)
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Loan and Security
Agreement, dated November 9, 2007.*
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(b)(3)
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Third-Party Security
Agreement, dated November 9, 2007.*
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(b)(4)
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Promissory Note, dated
November 9, 2007.*
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(d)(1)
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Agreement and Plan of
Merger, dated as of July 27, 2010, by and among Mountain Acquisition
Corp., Mountain Merger Sub Corp., Mountain Acquisition Holdings, LLC and
Health Grades, Inc. (incorporated by reference to Exhibit 2.1 to
the Form 8-K filed by Health Grades, Inc. with the Securities and
Exchange Commission on July 28, 2010).*
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(d)(2)
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Amendment to the Agreement
and Plan of Merger, dated as of August 9, 2010, by and among Mountain
Acquisition Corp., Mountain Merger Sub Corp., Mountain Acquisition
Holdings, LLC and Health Grades, Inc. (incorporated by reference to
Exhibit 2.1 to the Form 8-K filed by Health Grades, Inc. with
the Securities and Exchange Commission on August 9, 2010).*
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(d)(3)
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Form of Tender and Support
Agreement (incorporated by reference to Exhibit 10.1 to the Current Report on
Form 8-K filed by Health Grades, Inc. with the Securities and Exchange
Commission on July 28, 2010).*
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(d)(4)
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Amendment No. 2 to
Agreement and Plan of Merger among Health Grades, Inc., Mountain
Acquisition Corp., Mountain Merger Sub Corp., and Mountain Acquisition
Holdings, LLC, dated as of September 9, 2010 (incorporated by reference
to Exhibit 2.1 to the Current Report on Form 8-K filed by Health
Grades, Inc. with the Securities and Exchange Commission on September 10,
2010).
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*
Previously
filed.
The name of the bank has not
been made public pursuant to the instruction to Item 1007(d) of Regulation M-A.
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