Napster Inc - Amended tender offer statement by Third Party (SC TO-T/A)
October 02 2008 - 12:46PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE TO/A
(RULE 14d-100)
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) or
13(e)(1) OF
THE SECURITIES EXCHANGE ACT OF
1934
(Amendment No. 1)
Napster, Inc.
(Name of Subject Company (Issuer))
Puma Cat Acquisition Corp.
a wholly-owned subsidiary of
Best Buy Co., Inc.
(Names of Filing Persons (Offerors))
Common Stock, Par Value $0.001 per Share
(Title of Class of Securities)
630797108
(CUSIP Number of Class of Securities)
Joseph M. Joyce
Best Buy Co., Inc.
7601 Penn Avenue South
Richfield, MN 55423
(612) 291-1000
(Name, address and telephone number of person authorized to
receive notices and communications on behalf of filing persons)
Copy To:
John R. Houston, Esq.
Robins, Kaplan, Miller &
Ciresi L.L.P.
2800 LaSalle Plaza, 800 LaSalle Avenue
Minneapolis, MN 55402
(612) 349-8500
CALCULATION OF FILING FEE
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Transaction Valuation*
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Amount of Filing Fee
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$127,186,169.15
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$4,998.42
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*
Estimated for purposes of calculating the
amount of the filing fee only. The filing fee calculation assumes the purchase
of 47,922,611 outstanding shares of Issuer common stock, par value $0.001 per
share, at a price of $2.65 per share (including shares issued pursuant to
restricted stock awards) at an aggregate purchase price of $126,994,919.15; and
an aggregate of $191,250.00, representing the difference between the $2.65 per
share payable per share of common stock in the offer and the exercise price of
all in-the-money options that are vested or will vest on or prior to the
scheduled expiration date of the offer contemplated by this Schedule TO. The amount of the filing fee, calculated in
accordance with Rule 0-11 of the Securities Exchange Act of 1934, as
amended, and Fee Rate Advisory #6 for Fiscal Year 2008 issued by the Securities
and Exchange Commission on December 27, 2007, equals $39.30 per $1 million
of the transaction value.
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: $4,998.42
Form or Registration No.: Schedule TO
Filing Party: Puma Cat Acquisition Corp. and Best Buy Co., Inc.
Date Filed: September 26, 2008
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.
o
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
AMENDMENT NO. 1 TO
SCHEDULE TO
This Amendment No. 1 (Amendment No. 1) amends and
supplements the Tender Offer Statement on Schedule TO (Schedule TO) filed
with the U.S. Securities and Exchange Commission (the SEC) on September 26,
2008 which relates to the offer by Puma Cat Acquisition Corp., a Delaware
corporation (the Purchaser) and a wholly-owned subsidiary of Best Buy Co., Inc.,
a Minnesota corporation (Best Buy), to purchase all outstanding shares of
common stock, par value $0.001 per share, and the stock purchase rights
associated with such shares (collectively, the Shares), of Napster, Inc.,
a Delaware corporation (Napster), at a purchase price of $2.65 per Share, net
to the seller in cash, without interest thereon, upon the terms and subject to
the conditions set forth in the Offer to Purchase dated September 26, 2008
(the Offer to Purchase), and in the related Letter of Transmittal (which,
together with any supplements or amendments thereto, collectively constitute
the Offer), copies of which are attached to the Schedule TO as Exhibits
(a)(1)(A) and (a)(1)(B), respectively.
Capitalized terms used and not otherwise defined in this Amendment No. 1
will have the meanings assigned to such terms in the Offer to Purchase or in
the Schedule TO.
Items 4 and 11. Terms of the
Transaction; Additional Information.
Items 4 and 11 of the Schedule TO are amended and
supplemented to include the following:
Best Buy and Napster filed separate notifications
with the FTC and Antitrust Division under the HSR Act in connection with the
Offer on September 22, 2008. On September 30,
2008, Best Buy was notified that the FTC and Antitrust Division have granted
early termination of the required waiting period under the HSR Act with respect
to the Offer. Accordingly, the condition
to the Offer requiring the expiration or early termination of the waiting
period under the HSR Act has been satisfied.
The Offer continues to be conditioned upon other conditions described in
the Offer to Purchase and the related Letter of Transmittal.
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.
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PUMA CAT ACQUISITION CORP.
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By:
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/s/
Todd G.
Hartman
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Name:
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Todd G. Hartman
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Its:
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Vice President
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BEST BUY CO., INC.
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By:
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/s/
Susan S.
Grafton
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Name:
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Susan S. Grafton
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Its:
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Vice President, Controller and Chief Accounting
Officer
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Dated: October 2, 2008
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