Written Communication by the Subject Company Relating to a Third Party Tender Offer (sc14d9c)
May 02 2016 - 4:52PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE
14D-9
SOLICITATION/RECOMMENDATION STATEMENT
UNDER SECTION 14(d)(4) OF THE SECURITIES EXCHANGE ACT OF 1934
Opower, Inc.
(Name of
Subject Company)
Opower, Inc.
(Names of
Person(s) Filing Statement)
COMMON STOCK, PAR VALUE $0.000005 PER SHARE
(Title of Class of Securities)
68375Y109
(CUSIP Number of Class of Securities)
Daniel Yates
Chief Executive Officer
1515 North Courthouse Road, 8
th
Floor
Arlington, VA 22201
(703) 778-4544
(Name,
Address and Telephone Number, including area code, of Agent For Service)
With copies to:
Stuart Cable, Esq.
Richard Kline, Esq.
Andrew Goodman, Esq.
Goodwin Procter LLP
Exchange Place
53 State
Street
Boston, MA 02109
(617) 570-1000
(Name,
address, and telephone numbers of person authorized to receive notices and communications
on behalf of the persons filing statement)
x
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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 Schedule 14D-9 filing
contains the following documents relating to the proposed acquisition of Opower, Inc., a Delaware corporation (
Opower
or the
Company
) by Olympus II Acquisition Corporation, a Delaware corporation
(Merger Subsidiary), and a wholly-owned subsidiary of OC Acquisition LLC, a Delaware limited liability company (Parent), itself a wholly-owned subsidiary of Oracle Corporation, a Delaware corporation (Oracle),
pursuant to the Agreement and Plan of Merger, dated as of May 1, 2016, by and among the Company, Merger Subsidiary, Parent and Oracle:
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Exhibit 99.1:
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Form of Company Website Content
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Exhibit 99.2:
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Overview and Frequently Asked Questions for External Use
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Exhibit 99.3:
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Letter to Customers
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Exhibit 99.4:
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Presentation titled Oracle Buys Opower: Together, Oracle and Opower will Become the Largest Provider of Mission-Critical Cloud Services to the $2.3 Trillion Utilities Industry dated May 2, 2016
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Important Information
In connection with the proposed acquisition, Oracle will commence a tender offer for the outstanding shares of Opower. The tender offer has not yet commenced.
This communication is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares of Opower, nor is it a substitute for the tender offer materials that Oracle and its acquisition subsidiary will
file with the SEC upon commencement of the tender offer. At the time the tender offer is commenced, Oracle and its acquisition subsidiary will file tender offer materials on Schedule TO with the SEC, and Opower will file a
Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC with respect to the offer. THE TENDER OFFER MATERIALS (INCLUDING AN OFFER TO PURCHASE, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS) AND THE
SOLICITATION/RECOMMENDATION STATEMENT WILL CONTAIN IMPORTANT INFORMATION THAT SHOULD BE READ CAREFULLY AND CONSIDERED BY OPOWERS STOCKHOLDERS BEFORE ANY DECISION IS MADE WITH RESPECT TO THE TENDER OFFER. Both the tender offer statement and the
Solicitation/Recommendation Statement will be made available to Opowers stockholders free of charge. A free copy of the tender offer statement and the solicitation/recommendation statement will also be made available to all stockholders of
Opower by contacting Opower at investor@opower.com or by phone at (703) 778-4544. In addition, the tender offer statement and the solicitation/recommendation statement (and all other documents filed with the SEC) will be available at
no charge on the SECs website: www.sec.gov, upon filing with the SEC. OPOWERS STOCKHOLDERS ARE ADVISED TO READ THE SCHEDULE TO AND THE SCHEDULE 14D-9, AS EACH MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME, AND ANY OTHER RELEVANT
DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BEFORE THEY MAKE ANY DECISION WITH RESPECT TO THE TENDER OFFER, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND THE PARTIES THERETO.
Forward-Looking Statements
Any statements made in this
communication that are not statements of historical fact, including statements about the expected timetable for completing the transaction and Opowers beliefs and expectations and statements about the tender offer and Oracles proposed
acquisition of Opower, including the timing of and closing conditions to the acquisition, and the potential effects of the acquisition on both Oracle and Opower are forward-looking statements that are based on managements beliefs, certain
assumptions and current expectations and should be evaluated as such. These statements may be identified by their use of forward-looking terminology such as the words expects, projects, anticipates,
intends and other similar words. Forward-looking statements include statements that may relate to Oracles or Opowers plans, objectives, strategies, goals, future events, future revenues or performance, and other information
that is not historical information. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, general
economic, business and market conditions and the satisfaction of the conditions to closing of the proposed transaction. For a more complete discussion of certain of the risks and uncertainties that could cause actual results to differ from those
contained in the forward-looking statements with respect to Opower, see the discussion of risks and uncertainties in Opowers annual report on Form 10-K for the fiscal year ended December 31, 2015, other reports Opower files under the SEC,
as well as the tender offer documents to be filed by Oracle, OC Acquisition LLC and Opower. The forward-looking statements contained in this report are made as of the date hereof, and Opower undertakes no obligation to update any forward-looking
statements, whether as a result of future events, new information or otherwise, except as expressly required by law. All forward-looking statements in this document are qualified in their entirety by this cautionary statement.
EXHIBIT INDEX
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Exhibit
No.
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Description
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99.1
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Form of Company Website Content
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99.2
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Overview and Frequently Asked Questions for External Use
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99.3
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Letter to Customers
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99.4
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Presentation titled Oracle Buys Opower: Together, Oracle and Opower will Become the Largest Provider of Mission-Critical Cloud Services to the $2.3 Trillion Utilities Industry dated May 2, 2016
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