UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE TO
(Rule 14d-100)
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1) OF THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 6)
TRANSCEND SERVICES, INC.
(Name of subject company (Issuer))
TOWNSEND MERGER CORPORATION
a wholly owned subsidiary of
NUANCE COMMUNICATIONS, INC.
(Name of Filing Persons (Offerors))
| Common Stock, par value $0.05 per share (Title of classes of securities) |
893929208 (CUSIP number of common stock) |
Todd DuChene
Executive Vice President and General Counsel
Nuance Communications, Inc.
1 Wayside Road
Burlington, MA 01803
Telephone: (781) 565-5000
(Name, address, and telephone number of person authorized to receive notices and communications on behalf of Filing Persons)
Copies to:
Robert Sanchez
Daniel Peale
Wilson Sonsini Goodrich & Rosati
Professional Corporation
1700 K Street NW
Washington, DC 20006
(202) 973-8800
CALCULATION OF REGISTRATION FEE
| Transaction Valuation (1) |
Amount of Filing Fee (2) | |
| $337,786,918 | $38,710.38 |
| (1) | Estimated for purpose of calculating the filing fee only. The transaction valuation was determined by multiplying the purchase price of $29.50 per share by the sum of: (i) the 10,696,473 shares of common stock, par value $0.05 per share (the “Shares”), of Transcend Services, Inc., a Delaware corporation (the “Company”), issued and outstanding as of February 29, 2012; and (ii) the 753,931 Shares that are issuable under outstanding stock options to purchase Shares as of February 29, 2012. |
| (2) | The amount of the filing fee is calculated in accordance with the Securities Exchange Act of 1934, as amended, by multiplying the Transaction Valuation by 0.00011460. |
| 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: |
$38,710.38 | Filing Party: | Nuance Communications, Inc. | |||
| Form of Registration No.: |
Schedule TO-T | Date Filed: | March 20, 2012 |
| ¨ | Check the box if the filing relates solely to preliminary communications made before the commencement of the 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
¨ issuer tender offer subject to Rule 13e-4
¨ going private transaction subject to Rule 13e-3
¨ 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: x
This Amendment No. 6 to the Tender Offer Statement on Schedule TO (this “Amendment”), amends and supplements the Tender Offer Statement on Schedule TO filed on March 20, 2012 as amended by Amendment No. 1 to the Tender Offer Statement on Schedule TO filed on March 28, 2012, Amendment No. 2 to the Tender Offer Statement on Schedule TO filed on March 29, 2012, Amendment No. 3 to the Tender Offer Statement on Schedule TO filed on April 17, 2012, Amendment No. 4 to the Tender Offer Statement on Schedule TO filed on April 19, 2012, and Amendment No. 5 to the Tender Offer Statement on Schedule TO filed on April 20, 2012 (as amended or supplemented from time to time, this “Schedule TO”) and relates to a tender offer by Townsend Merger Corporation, a Delaware corporation (“Purchaser”) and a wholly owned subsidiary of Nuance Communications, Inc., a Delaware corporation (“Nuance”). This Schedule TO relates to the offer by Purchaser to purchase all of the outstanding shares (the “Shares”) of common stock, par value $0.05 per share, of Transcend Services, Inc., a Delaware corporation (the “Company”), at a price of $29.50 per Share, net to the holder in cash without interest (the “Offer Price”), less any required withholding taxes, upon the terms and subject to the conditions set forth in the Offer to Purchase dated March 20, 2012 (which, together with any amendments and supplements thereto, collectively constitute the “Offer to Purchase”) and in the related Letter of Transmittal, copies of which are attached as Exhibits (a)(1)(i) and (a)(1)(ii) (which, together with any amendments or supplements thereto, collectively constitute the “Offer”).
Except as otherwise set forth below, the information set forth in the Schedule TO remains unchanged and is incorporated herein by reference as relevant to the items in this Amendment.
Items 1 and 4
Items 1 and 4 of the Schedule TO are hereby amended and supplemented by adding the following paragraphs to the end of each Item:
“At 5:00 p.m., New York City time, on Wednesday, April 25, 2012, the Offer expired as scheduled. On April 26, 2012, Purchaser accepted for payment all validly tendered and not withdrawn Shares, in accordance with the terms and conditions of the Offer and applicable law. Nuance, Purchaser and the Company intend to promptly take the steps necessary to complete a “short-form” merger of Purchaser with the Company under Delaware law, without a meeting of the Company stockholders. Upon the closing of the short-form merger, Nuance will acquire all of the remaining shares of the Company for $29.50 per share in cash without interest and less any required withholding taxes. After the completion of the merger, the Company will be a wholly owned subsidiary of Nuance and shares of Company common stock will no longer be listed on the NASDAQ Stock Market.
Computershare Trust Company, N.A., the depositary for the Offer, has indicated that, as of 5:00 p.m., New York City time, on April 25, 2012, 10,444,598 shares of common stock of the Company (including 585,491 shares of common stock tendered pursuant to the guaranteed delivery procedures set forth in the Offer to Purchase) have been tendered into and not withdrawn from the Offer, representing approximately 95.58% of the shares of common stock of the Company outstanding.”
This Amendment is the final amendment to the Schedule TO and, in accordance with Instruction H of the General Instructions to Schedule TO, constitutes Nuance’s and Purchaser’s disclosure under Section 13(d) of the Securities Exchange Act of 1934, as amended, with respect to the Shares acquired by Purchaser in the Offer.
The full text of the press release issued by Nuance on April 26, 2012 announcing the expiration of the Offer and Purchaser’s acceptance of all Shares validly tendered and not validly withdrawn for payment is attached hereto as Exhibit (a)(5)(iii) and is incorporated herein by reference.
| Item 12. | Exhibits. |
| Exhibit |
Description | |
| (a)(1)(i) | Offer to Purchase, dated March 20, 2012.* | |
| (a)(1)(ii) | Form of Letter of Transmittal.* | |
| (a)(1)(iii) | Form of Notice of Guaranteed Delivery.* | |
| (a)(1)(iv) | Form of Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.* | |
| (a)(1)(v) | Form of Letter to Clients for use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.* | |
| (a)(1)(vi) | Guidelines for Certification of Taxpayer Identification Number on Substitute Form W-9.* | |
| (a)(1)(vii) | Form of Summary Advertisement as published on March 20, 2012 in The New York Times.* | |
| (a)(5)(i) | Press Release issued by Nuance Communications, Inc., dated April 17, 2012.* | |
| (a)(5)(ii) | Press Release issued by Nuance Communications, Inc., dated April 19, 2012.* | |
| (a)(5)(iii) | Press Release issued by Nuance Communications, Inc., dated April 26, 2012. | |
| (b) | None. | |
| (d)(1) | Agreement and Plan of Merger, dated as of March 6, 2012, by and among Nuance Communications, Inc., Townsend Merger Corporation and Transcend Services, Inc., incorporated by reference to Exhibit 2.1 to the Form 8-K filed by Nuance on March 7, 2012.* | |
| (d)(2) | Form of Tender and Voting Agreement, incorporated by reference to Exhibit 10.1 to the Form 8-K filed by Nuance on March 7, 2012.* | |
| (d)(3) | Confidentiality Agreement, dated as of July 15, 2011, as amended October 27, 2011 by and between Nuance Communications, Inc. and Transcend Services, Inc.* | |
| (d)(4) | Offer Letter between Nuance Communications, Inc. and Larry Gerdes.* | |
| (d)(5) | Offer Letter between Nuance Communications, Inc. and Susan McGrogan.* | |
| (d)(6) | Offer Letter between Nuance Communications, Inc. and Lance Cornell. * | |
| (d)(7) | Form of Non-Compete and Non-Solicitation Agreement entered into between Nuance Communications, Inc. and each of Larry Gerdes, Susan McGrogan and Lance Cornell.* | |
| (g) | Not applicable | |
| (h) | Not applicable | |
| * | Previously filed. |
| Item 13. | Information Required by Schedule 13 E-3. |
Not applicable.
After due inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
| TOWNSEND MERGER CORPORATION | ||
| By: | /s/ Thomas L. Beaudoin | |
| Name: Title: |
Thomas L. Beaudoin President | |
| NUANCE COMMUNICATIONS, INC. | ||
| By: | /s/ Thomas L. Beaudoin | |
| Name: Title: |
Thomas L. Beaudoin Executive Vice President and Chief Financial Officer | |
Dated: April 26, 2012
EXHIBIT INDEX
| Exhibit |
Description | |
| (a)(1)(i) | Offer to Purchase, dated March 20, 2012.* | |
| (a)(1)(ii) | Form of Letter of Transmittal.* | |
| (a)(1)(iii) | Form of Notice of Guaranteed Delivery.* | |
| (a)(1)(iv) | Form of Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.* | |
| (a)(1)(v) | Form of Letter to Clients for use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.* | |
| (a)(1)(vi) | Guidelines for Certification of Taxpayer Identification Number on Substitute Form W-9.* | |
| (a)(1)(vii) | Form of Summary Advertisement as published on March 20, 2012 in The New York Times.* | |
| (a)(5)(i) | Press Release issued by Nuance Communications, Inc., dated April 17, 2012.* | |
| (a)(5)(ii) | Press Release issued by Nuance Communications, Inc., dated April 19, 2012.* | |
| (a)(5)(iii) | Press Release issued by Nuance Communications, Inc., dated April 26, 2012. | |
| (b) | None. | |
| (d)(1) | Agreement and Plan of Merger, dated as of March 6, 2012, by and among Nuance Communications, Inc., Townsend Merger Corporation and Transcend Services, Inc., incorporated by reference to Exhibit 2.1 to the Form 8-K filed by Nuance on March 7, 2012.* | |
| (d)(2) | Form of Tender and Voting Agreement, incorporated by reference to Exhibit 10.1 to the Form 8-K filed by Nuance on March 7, 2012.* | |
| (d)(3) | Confidentiality Agreement, dated as of July 15, 2011, as amended October 27, 2011 by and between Nuance Communications, Inc. and Transcend Services, Inc.* | |
| (d)(4) | Offer Letter between Nuance Communications, Inc. and Larry Gerdes.* | |
| (d)(5) | Offer Letter between Nuance Communications, Inc. and Susan McGrogan.* | |
| (d)(6) | Offer Letter between Nuance Communications, Inc. and Lance Cornell. * | |
| (d)(7) | Form of Non-Compete and Non-Solicitation Agreement entered into between Nuance Communications, Inc. and each of Larry Gerdes, Susan McGrogan and Lance Cornell.* | |
| (g) | Not applicable | |
| (h) | Not applicable | |
| * | Previously filed. |