-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RtHFMpRvIIcjqV3QufIyP46qevQzKLiv2/DemVkwFVZUrLMWlH32fH/lTtElCLGw y5k2xvzTJzonDGNQtLLZrQ== 0001341004-07-001288.txt : 20070419 0001341004-07-001288.hdr.sgml : 20070419 20070419113918 ACCESSION NUMBER: 0001341004-07-001288 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20070419 DATE AS OF CHANGE: 20070419 GROUP MEMBERS: DANIEL J. O'BRIEN GROUP MEMBERS: MICHAEL R. STONE GROUP MEMBERS: PETER M. CASTLEMAN GROUP MEMBERS: PRAIRIE FIRE CAPITAL, LLC GROUP MEMBERS: THE MICHAEL AND KAREN STONE FAMILY FOUNDATION, INC. GROUP MEMBERS: WHITNEY EQUITY PARTNERS V, LLC GROUP MEMBERS: WHITNEY PRIVATE DEBT FUND, L.P. GROUP MEMBERS: WHITNEY PRIVATE DEBT GP, L.L.C. GROUP MEMBERS: WHITNEY STRATEGIC PARTNERS V, L.P. FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WHITNEY V LP CENTRAL INDEX KEY: 0001134219 IRS NUMBER: 061595614 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 177 BROAD STREET 15TH FLR CITY: STAMFORD STATE: CT ZIP: 06901 BUSINESS PHONE: 2039731534 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HERBALIFE LTD. CENTRAL INDEX KEY: 0001180262 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-DRUGS PROPRIETARIES & DRUGGISTS' SUNDRIES [5122] IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80216 FILM NUMBER: 07775344 BUSINESS ADDRESS: STREET 1: P.O. BOX 309GT STREET 2: UGLAND HOUSE, SOUTH CHURCH STREET CITY: GEORGE TOWN STATE: E9 ZIP: 00000 BUSINESS PHONE: 310 410 9600 MAIL ADDRESS: STREET 1: P.O. BOX 309GT STREET 2: UGLAND HOUSE, SOUTH CHURCH STREET CITY: GEORGE TOWN STATE: E9 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: WH HOLDINGS CAYMAN ISLANDS LTD DATE OF NAME CHANGE: 20020814 SC 13D/A 1 nyc1226483.htm SCHEDULE 13D/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 9)*

 

HERBALIFE LTD.

(Name of Issuer)

 

Common Shares, par value $0.002 per share

(Title of Class of Securities)

 

G4412G 10 1

(CUSIP Number)

 

Kevin J. Curley

c/o J.H. Whitney & Co.

130 Main Street

New Canaan, Connecticut 06840

(203) 716-6100

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

With a copy to:

 

Paul T. Schnell, Esq.

Neil P. Stronski, Esq.

Skadden, Arps, Slate, Meagher & Flom LLP

Four Times Square

New York, New York 10036

(212) 735-3000

 

April 19, 2007

(Date of Event which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(c), 240.13d-1(f) or 240.13d-1(g), check the following box. o

 

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

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Item 3. Source and Amount of Funds or Other Consideration

 

The disclosure in Item 3 of the Schedule 13D originally filed on February 2, 2007, as amended by Amendment No. 1 to the Schedule 13D filed on March 19, 2007, Amendment No. 2 to the Schedule 13D filed on March 20, 2007, Amendment No. 3 to the Schedule 13D filed on March 21, 2007, Amendment No. 4 to the Schedule 13D filed on March 26, 2007, Amendment No. 5 to the Schedule 13D filed on March 27, 2007, Amendment No. 6 to the Schedule 13D filed on March 30, 2007, Amendment No. 7 to the Schedule 13D filed on April 5, 2007 and Amendment No. 8 to the Schedule 13D filed on April 9, 2007 (the "Schedule 13D"), is hereby amended by adding the paragraph below as a new paragraph after the eleventh paragraph thereof as follows:

 

On April 19, 2007, Whitney V, L.P. ("Whitney") delivered a letter to the Distributors terminating each of the Non-Binding Letters of Intent (the "Termination Letter"). The Termination Letter is attached hereto as Exhibit BB and is incorporated herein by reference.

 

Item 4. Purpose of Transaction

 

The disclosure in Item 4 of the Schedule 13D is hereby amended by amending and restating the eleventh paragraph thereof in its entirety with the paragraph below, as follows:

 

Whitney and the other Reporting Persons may engage in sales or other distributions of Common Shares of the Issuer from time to time, on the open market, in privately negotiated transactions or otherwise, subject to any applicable U.S. securities laws, including, without limitation, Rule 144 promulgated under the Securities Act of 1933, as amended. Based on future market and other conditions, certain of the Reporting Persons may consider purchasing Common Shares of the Issuer from time to time, on the open market, in privately negotiated transaction or otherwise, subject to any applicable U.S. securities laws.

 

Item 5. Interest in Securities of the Issuer

 

The disclosure in Item 5 of the Schedule 13D is hereby amended by adding the paragraph below as a new paragraph after the eighth paragraph of subsections (a) and (b) thereof as follows:

 

On April 19, 2007, Whitney delivered the Termination Letter to the Distributors. To the extent that the arrangements contemplated by the Non-Binding Letters of Intent or other facts could be deemed to have resulted in the Reporting Persons and the Distributors constituting a "group" within the meaning of Section 13(d) of the Act or for any other purpose, or could be deemed to have resulted in the Reporting Persons and the Distributors having beneficial ownership of the Common Shares beneficially owned by such parties, the Termination Letter terminated such status. The Termination Letter is attached hereto as Exhibit BB and is incorporated herein by reference.

 

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Item 6.     Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

 

The disclosure in Item 6 of the Schedule 13D is hereby amended by adding the paragraph below as a new paragraph after the tenth paragraph thereof as follows:

 

On April 19, 2007, Whitney delivered the Termination Letter to the Distributors terminating each of the Non-Binding Letters of Intent. The Termination Letter is attached hereto as Exhibit BB and is incorporated herein by reference.

 

Item 7. Material to be Filed as Exhibits

 

The disclosure in Item 7 of the Schedule 13D is hereby supplemented by adding the following Exhibit.

 

Exhibit BB –

Termination Letter from Whitney to the Distributors, dated April 19, 2007.

 

 

 

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SIGNATURE

 

After reasonable 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 as of April 19, 2007

 

 

WHITNEY V, L.P.

 

By: Whitney Equity Partners V, LLC, its General Partner

 

 

 

 

By:

/s/ Daniel J. O'Brien

 

 

Daniel J. O'Brien

Managing Member

 

 

WHITNEY STRATEGIC PARTNERS V, L.P.

 

By: Whitney Equity Partners V, LLC, its General Partner

 

 

 

 

By:

/s/ Daniel J. O'Brien

 

 

Daniel J. O'Brien

Managing Member

 

 

WHITNEY PRIVATE DEBT FUND, L.P.

 

By: Whitney Private Debt GP, L.L.C., its General

Partner

 

 

 

 

By:

/s/ Daniel J. O'Brien

 

 

Daniel J. O'Brien

Managing Member

 

 

WHITNEY EQUITY PARTNERS V, LLC

 

 

 

 

By:

/s/ Daniel J. O'Brien

 

 

Daniel J. O'Brien

Managing Member

 

 

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WHITNEY PRIVATE DEBT GP, L.L.C.

 

 

 

 

By:

/s/ Daniel J. O'Brien

 

 

Daniel J. O'Brien

Managing Member

 

 

Prairie Fire Capital, LLC

 

 

 

 

By:

/s/ Daniel J. O'Brien

 

 

Daniel J. O'Brien

Manager

 

 

 

/s/ Peter M. Castleman

 

Peter M. Castleman

 

 

 

/s/ Daniel J. O'Brien

 

Daniel J. O'Brien

 

 

 

/s/ Michael R. Stone

 

Michael R. Stone

 

 

 

The Michael and Karen Stone Family Foundation, Inc.

 

 

 

 

By:

/s/ Michael R. Stone

 

 

Michael R. Stone

Sole Director and President

 

 

 

 

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EX-99 2 exhibitbb.htm EXHIBIT BB

Exhibit BB

 

Whitney V, L.P.

130 Main Street

New Canaan, Connecticut 06840

 

 

 

April 19, 2007

 

 

 

 

Arie Baratz

Tae Ho Kim

Ronald P.J. Bos and J.M. Bos-Vuijst

Markus Lehmann

Pedro Cardoso

James Chen Ming Chieh and Yang Mo Li

Christine M. Carley

Blake Morgan

Fredrick J. Cohn

Juan Jose Najera Diaz

Janifer Cohn

Natalia Maria Felgueiras Ferriera and Paulo Dinis Da Silva

Geraldine Cvitanovich

Susan Peterson

Garry De Brabander

John Peterson

Michiko Dejaeghere

Leslie Stanford

Martin Ernst

Leung Sze Man

Michael Palmstierna Hamilton

Enrique Javier Valera Barrios

 

 

Ladies and Gentlemen:

 

In light of the termination of our discussions with the Special Committee of the Board of Directors of Herbalife Ltd. concerning a possible acquisition of Herbalife, I am writing to terminate our non-binding letters of interest with you.

 

We appreciate the support you have shown for the proposed transaction and thank you for the contributions you continue to make to Herbalife’s success.

 

 

 

 

Sincerely,

 

 

 

 

 

 

 

 

 

WHITNEY V, L.P.

 

 

 

 

By: Whitney Equity Partners V, LLC
its General Partner

 

 

 

 

By:

/s/ Kevin Curley

 

 

 

Name: Kevin Curley

Title: Attorney-in-Fact

 

 

 

 

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