Amended Tender Offer Statement by Third Party (sc To-t/a)
August 13 2020 - 12:40PM
Edgar (US Regulatory)
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 1 TO
SCHEDULE TO
Tender Offer Statement Pursuant to Section
14(d)(1) or 13(e)(1)
of the Securities Exchange Act of 1934
CNL
HEALTHCARE PROPERTIES, INC.
(Name of Subject Company)
COMRIT INVESTMENTS 1, LIMITED PARTNERSHIP
COMRIT INVESTMENTS LTD.
(Bidders)
COMMON STOCK, $0.01 PAR VALUE PER SHARE
(Title of Class of Securities)
None or unknown
(CUSIP Number of Class of Securities)
Ziv Sapir
Comrit Investments 1, LP
9 Ahad Ha’am Street
Tel Aviv, Israel 6129101
+ 972-3-519-9936
Copy to:
Amos W. Barclay
Holland & Hart LLP
1800 Broadway, Suite 300
Boulder, Colorado 80302
Phone: (303) 473-2700
(Name, Address, and Telephone Number of
Person Authorized to Receive Notices and
Communications on Behalf of Offeror)
Calculation of Filing Fee:
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Transaction
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Amount of
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Valuation*
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Filing Fee**
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$41,940,000
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$5,443.81
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*
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For purposes of calculating the filing fee only. Assumes the purchase of 9,000,000 shares of Common Stock at a purchase price equal to $4.66 per share in cash.
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**
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The filing fee was calculated in accordance with Rule 0-11 under the Securities Exchange Act of 1934, as amended, and Fee Rate Advisory No. 1 for Fiscal Year 2020, issued August 23, 2019, by multiplying the transaction valuation by 0.00012980.
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x
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Check
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: $5,443.81
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Form
or Registration Number: Schedule TO-T (File No. 005-90567)
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Filing
Party:
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Comrit
Investments 1, Limited Partnership; Comrit Investments Ltd.
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Date
Filed: August 3, 2020
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¨
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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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Check the appropriate boxes below to designate any transactions to which the statement relates:
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x
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third party tender offer subject to Rule 14d-1.
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¨
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issuer tender offer subject to Rule 13e-4.
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¨
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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
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Check the following box if the filing is a final amendment reporting the results of the tender offer: ¨
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If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:
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¨
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Rule 13e-4(i) (Cross-Border Issuer Tender Offer)
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¨
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Rule 14d-1(d) (Cross-Border Third-Party Tender Offer)
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TENDER OFFER
This Amendment No. 1 to Tender Offer
Statement on Schedule TO (this “Amendment”) relates to the offer (the “Offer”) by Comrit Investments 1,
Limited Partnership (the “Purchaser”) to purchase up to 9,000,000 shares of common stock, par value $0.01 per share
(the “Shares”), in CNL Healthcare Properties, Inc. (the “Corporation”), the subject company, at a purchase
price equal to $4.66 per Share, upon the terms and subject to the conditions set forth in the Offer to Purchase (the “Offer
to Purchase”) dated August 3, 2020 (the “Offer Date”) and the related Assignment Form, copies of which are attached
hereto as Exhibits (a)(1) and (a)(2), respectively. Comrit Investments Ltd. is being named as a bidder herein because it is deemed
to control the Purchaser, but otherwise is not participating in the Offer.
This Amendment is being filed to revise the disclosure contained
in the Offer to Purchase to address comments received from The Securities and Exchange Commission.
The information in the Offer to Purchase,
including all schedules and annexes thereto, is hereby expressly incorporated herein by reference in response to all the items
of this Statement.
Item 12. Exhibits.
(a)(1)
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Offer to Purchase
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(a)(2)
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Assignment Form
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(a)(3)
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Form of Letter to Shareholders
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(a)(4)
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Press Release
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(b) - (h)
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Not applicable.
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Item 13. Information Required by Schedule 13E-3.
Not applicable.
SIGNATURES
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: August 13, 2020
Comrit Investments 1, LP
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By: Comrit Investments Ltd., its General Partner
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By:
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/s/ Ziv Sapir
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Ziv Sapir
Chief Executive Officer
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Comrit Investments Ltd.
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By:
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/s/ Ziv Sapir
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Ziv Sapir
Chief Executive Officer
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