This amendment No. 1 (this
Amendment
) amends and supplements the Tender
Offer Statement on Schedule TO (together with any amendments and supplements hereto, this
Schedule
TO
) and is being filed by Tiger Merger Sub, Inc., a Delaware corporation (the
Offeror
)
and a direct, wholly-owned subsidiary of Autokiniton US Holdings, Inc., a Delaware corporation (
Parent
), which is controlled by certain private equity funds for which KPS Investors IV Ltd., a Cayman Islands exempted company
(
KPS IV
), acts as General Partner. This Schedule TO relates to the offer by the Offeror to purchase all of the issued and outstanding Shares at a purchase price of $31.00 per Share (the
Offer Price
), in
cash, net of applicable withholding, without interest, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated August 15, 2019 (the
Offer to Purchase
), and in the related Letter of Transmittal
(the
Letter of Transmittal
which, together with the Offer to Purchase, as each may be amended or supplemented from time to time, collectively constitute the
Offer
), copies of which are annexed to and filed with
this Schedule TO as Exhibits (a)(1)(A) and (a)(1)(B), respectively. Information set forth in the Offer to Purchase is incorporated herein by reference in response to Items 1 through 9 and Item 11 in this Schedule TO and is
supplemented by the information specifically provided in this Schedule TO. The Agreement and Plan of Merger, dated as of July 12, 2019, by and among Parent, the Offeror and Tower (as it may be amended from time to time, the
Merger
Agreement
), a copy of which is attached as Exhibit (d)(1) hereto, is incorporated herein by reference with respect to Items 4 through 11 of this Schedule TO. Unless otherwise indicated, references to sections in this
Schedule TO are references to sections of the Offer to Purchase.
All the information set forth in the Offer to Purchase, including
Schedule I thereto, is incorporated by reference herein in response to Items 1 through 9 and Item 11 of this Schedule TO, and is supplemented by the information specifically provided in this Amendment.
Capitalized terms used but not defined in this Amendment shall have the meanings assigned to such terms in the Schedule TO.
Items 1 through 9 and Item 11.
Amendments to the
Schedule TO and the Offer to Purchase
The Offer to Purchase and Items 1 through 11 of the Schedule TO, to the extent such Items
incorporate by reference the information contained in the Offer to Purchase, are hereby amended and supplemented by:
|
|
|
amending and replacing all references to the definition of Parent by adding AGG to the
defined term as follows:
|
Autokiniton US Holdings, Inc., a Delaware corporation (Parent
or
AGG
);
|
|
|
amending and replacing all references to Autokiniton Global Group, Inc. with references to
AGG;
|
|
|
|
replacing the second and third paragraphs of Section 9 (entitled
Certain Information Concerning the
Offeror, Parent and KPS IV
) of the Offer to Purchase with the following:
|
Parent
. Parent was
incorporated on April 13, 2018 and is an indirect subsidiary of Autokiniton Global Group (Alberta), LP, whose ultimate General Partner is KPS IV. Parent is the parent company of a group of operating companies that supply metal-formed components and
complex assemblies to the automotive industry, manufacturing body structures, interior components, closures, thermal management components, and chassis components.
KPS IV.
The principal business activity of KPS IV, a Cayman Islands exempted company, is to act as General Partner to certain
private equity funds affiliated with KPS Capital Partners, LP (
KPS Capital Partners
) that generally invest in manufacturing and industrial companies across a diverse array of industries, including basic materials, branded
consumer, healthcare and luxury products, automotive parts, capital equipment and general manufacturing. KPS IV serves as the ultimate general partner of Autokiniton Global Group (Alberta), LP, the ultimate parent of AGG. Certain KPS Special
Situations Funds (the
KPS Funds
) are limited partners in Autokiniton Global Group (Alberta), LP and are managed by KPS Capital Partners.
2