-----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, M6xMRQgXJvkQR6cOriHf6SUqqk3gXGCdjzbLdeXTZuoz+wYK5ds7GwgcQZT2r6nS S9wIPbnQ5OPpOofgyROOMQ== 0000950103-02-000846.txt : 20020819 0000950103-02-000846.hdr.sgml : 20020819 20020819145452 ACCESSION NUMBER: 0000950103-02-000846 CONFORMED SUBMISSION TYPE: SC TO-I/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20020819 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NETRO CORP CENTRAL INDEX KEY: 0001087779 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 770569424 STATE OF INCORPORATION: CA FISCAL YEAR END: 1201 FILING VALUES: FORM TYPE: SC TO-I/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-58103 FILM NUMBER: 02742404 BUSINESS ADDRESS: STREET 1: 3860 NORTH FIRST STREET CITY: SAN JOSE STATE: CA ZIP: 95134-1702 BUSINESS PHONE: 4082161500 MAIL ADDRESS: STREET 1: 3860 NORTH FIRST STREET CITY: SAN JOSE STATE: CA ZIP: 95134-1702 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NETRO CORP CENTRAL INDEX KEY: 0001087779 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 770569424 STATE OF INCORPORATION: CA FISCAL YEAR END: 1201 FILING VALUES: FORM TYPE: SC TO-I/A BUSINESS ADDRESS: STREET 1: 3860 NORTH FIRST STREET CITY: SAN JOSE STATE: CA ZIP: 95134-1702 BUSINESS PHONE: 4082161500 MAIL ADDRESS: STREET 1: 3860 NORTH FIRST STREET CITY: SAN JOSE STATE: CA ZIP: 95134-1702 SC TO-I/A 1 aug1902_sc-toia6.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 6 to Schedule TO Tender Offer Statement under Section 14(d)(1) or 13(e)(1) of the Securities Exchange Act of 1934 Netro Corporation - ------------------------------------------------------------------------------- (Name of Issuer) Netro Corporation (Issuer) - ------------------------------------------------------------------------------- (Name of Filing Person (Identifying Status as Offeror, Issuer or Other Person)) Common Stock, Par Value $0.001 Per Share - ------------------------------------------------------------------------------- (Title of Class of Securities) 64114R109 - ------------------------------------------------------------------------------- (CUSIP Number of Class of Securities) Sanjay Khare Netro Corporation 3860 N. First Street San Jose, California 95134 Telephone (408) 216-1500 - ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Filing Persons) Copy to: Francis S. Currie, Esq. Davis Polk & Wardwell 1600 El Camino Real Menlo Park, California 94025 Telephone: (650) 752-2000 - ------------------------------------------------------------------------------- CALCULATION OF FILING FEE TRANSACTION VALUATION* AMOUNT OF FILING FEE** $92,000,000 $8,464 * Calculated solely for the purpose of determining the amount of the filing fee, based upon the purchase of 23,000,000 shares of common stock, par value $0.001 per share, at the maximum tender offer price of $4.00 per share. ** Previously paid. [x] 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. Amount Previously Paid: $8,464 Form of Registration No.: SC TO-I Filing Party: Netro Corporation Date Filed: July 19, 2002 [ ] Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. Check the appropriate boxes below to designate any transactions to which the statement relates: [ ] third-party tender offer subject to Rule 14d-1 [x] 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: [ ] This Amendment No. 6 to Tender Offer Statement on Schedule TO amends and supplements the statement originally filed on July 19, 2002 by Netro Corporation, a Delaware corporation, as amended on July 26, 2002, July 30, 2002, August 6, 2002, August 8, 2002 and August 12, 2002 in connection with its offer to purchase 23,000,000 shares, or such lesser number of shares as are properly tendered, of its common stock, par value $0.001 per share, including the associated preferred stock purchase rights issued under the Amended and Restated Rights Agreement, dated as of January 14, 2002, as amended, between Netro Corporation and American Stock Transfer & Trust Company, as Rights Agent, at prices not in excess of $4.00 nor less than $3.50 per share, net to the seller in cash, without interest, as specified by stockholders tendering their shares. Netro's offer is being made upon the terms and subject to the conditions set forth in the Offer to Purchase dated July 19, 2002 and in the related Letter of Transmittal, which, as amended or supplemented from time to time, together constitute the offer. This Amendment No. 6 to Schedule TO is intended to satisfy the reporting requirements of Rule 13 (e) of the Securities Exchange Act of 1934, as amended. In addition to the information set forth below, the information in the Offer to Purchase, as amended, and the related Letter of Transmittal, copies of which were filed with this Schedule TO as Exhibits (a) (1) (i) and (a) (1) (ii), respectively, is incorporated by reference herein in response to Items 1 through 11 of this Tender Offer Statement on Schedule TO. Item 12. Exhibits. (a) (1) (i) Offer to Purchase, dated July 19, 2002.** (a) (1) (ii) Letter of Transmittal.** (a) (1) (iii) Guidelines for Substitute Form W-9.** (a) (1) (iv) Notice of Guaranteed Delivery.** (a) (1) (v) Letter to Stockholders dated July 19, 2002.** (a) (1) (vi) Letter to Clients dated July 19, 2002.** (a) (1) (vii) Letter to Brokers, Dealers Commercial Banks, Trust Companies and Other Nominees dated July 19, 2002.** (a) (1) (viii) Summary Advertisement dated July 19, 2002.** (a) (1) (ix) Letter to Customers, dated July 19, 2002.** (a) (1) (x) Letter to Suppliers, dated July 19, 2002.** (a) (1) (xi) Frequently Asked Questions about Netro's Tender Offer, posted on Netro's website on July 26, 2002.** (a) (5) (i) Press Release, dated July 18, 2002.** (a) (5) (ii) Letter to Employees of Netro Corporation, dated July 18, 2002.** (a) (5) (iii) Script of Netro Conference Call, dated July 18, 2002.** (a) (5) (iv) Press Release, dated July 30, 2002.** (a) (5) (v) Press Release, dated August 12, 2002.** (a) (5) (vi) Press Release, dated August 19, 2002. ** Previously filed. SIGNATURE 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. Netro Corporation by: /s/ Sanjay Khare -------------------- Sanjay Khare Vice President and Chief Financial Officer Dated: August 19, 2002 EXHIBIT INDEX EXHIBIT NUMBER DESCRIPTION - -------------- ----------- (a) (1) (i) Offer to Purchase, dated July 19, 2002.** (a) (1) (ii) Letter of Transmittal.** (a) (1) (iii) Guidelines for Substitute Form W-9.** (a) (1) (iv) Notice of Guaranteed Delivery.** (a) (1) (v) Letter to Stockholders dated July 19, 2002.** (a) (1) (vi) Letter to Clients dated July 19, 2002.** (a) (1) (vii) Letter to Brokers, Dealers Commercial Banks, Trust Companies and Other Nominees dated July 19, 2002.** (a) (1) (viii) Summary Advertisement dated July 19, 2002.** (a) (1) (ix) Letter to Customers, dated July 19, 2002.** (a) (1) (xi) Frequently Asked Questions about Netro's Tender Offer, posted on Netro's website on July 26, 2002.** (a) (1) (x) Letter to Suppliers, dated July 19, 2002.** (a) (5) (i) Press Release, dated July 18, 2002.** (a) (5) (ii) Letter to Employees of Netro Corporation, dated July 18, 2002.** (a) (5) (iii) Script of Netro Conference Call, dated July 18, 2002.** (a) (5) (iv) Press Release, dated July 29, 2002.** (a) (5) (v) Press Release, dated August 12, 2002.** (a) (5) (vi) Press Release, dated August 19, 2002. ** Previously filed. EX-99.(A)(5)(VI) 3 aug1902_exa5vi.txt Exhibit (a) (5) (vi) NETRO ANNOUNCES PRELIMINARY RESULTS OF STOCK TENDER OFFER San Jose, CA, August 19, 2002 - (Business Wire) -- Netro Corporation (NASDAQ: NTRO), a leading provider of broadband fixed wireless solutions, announced the preliminary results of its Dutch auction tender offer for up to 23 million shares of its common stock at a range of $3.50 to $4.00 per share, net to the seller in cash, without interest, which expired on August 16, 2002. Based on a preliminary count by American Stock Transfer & Trust Company, the depositary for the offer, approximately 31.5 million shares, including approximately 4.2 million shares tendered through notice of guaranteed delivery, were properly tendered and not properly withdrawn at the price of $3.50 per share. Pursuant to applicable securities laws, Netro expects to purchase 23 million shares at a purchase price of $3.50 per share. Due to the over-subscription, shares tendered will be pro-rated at an estimated pro-ration factor of approximately 72.9%. All shares purchased in the offer will receive the same price. Both the pro-ration factor and the price per share are preliminary and subject to verification by the depositary. The actual price per share and the pro-ration factor will be announced promptly following completion of the verification process. Netro will pay for all shares purchased promptly following that time. Netro intends to fund the payment for shares from available cash. The determination of the actual number of shares to be purchased is subject to final delivery and final confirmation. Additionally, under the securities laws, Netro may purchase additional shares representing up to 2% of its outstanding common stock. Goldman, Sachs & Co. acted as the Dealer Manager and Georgeson Shareholder Communications Inc. acted as the Information Agent for the offer. In addition, Netro's Board of Directors has authorized the repurchase of additional shares of Netro's common stock in the open market following the completion of the tender offer. The maximum amount to be used in such repurchases is $100 million, less the amount actually used to purchase shares in the tender offer. Assuming that the preliminary tender offer results are confirmed as the final results and Netro does not purchase the additional 2% of its outstanding common stock, the amount to be used in such repurchases will not exceed $19.5 million. In accordance with Rule 13e-4 under the Securities Exchange Act of 1934, no such repurchases will be made until after August 30, 2002. About Netro Corporation Netro Corporation is a leading provider of fixed broadband wireless systems used by telecommunications service providers to deliver voice and high-speed data services for access and mobile infrastructure applications to customers worldwide. Netro's vision is to provide breakthrough technology packaged in a carrier-class, practical solution that enables quick service delivery and efficient use of capital. Netro offers a broad range of low and high frequency products for business and residential, access and mobile infrastructure needs, with a wide set of licensed frequencies for point to multipoint: 1.9 to 39 GHz. The company's AirStar and Angel products have an impressive track record of performance and stability worldwide. Forward Looking Statements Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements involving risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. Potential risks and uncertainties include, but are not limited to, political and economic conditions in the countries we do business in, business conditions generally, growth in the telecommunications industry, delays in the expansion of networks by existing customers, the financial condition and strategy of our OEM partners, lower than expected customer orders, competitive pressures, technological difficulties encountered in developing new products, the availability of capital to service providers, the ability to timely adopt the Angel product for the international marketplace, achieving revenues from the Angel product in the second half of 2002, and Netro's ability to manufacture and sell the Angel product on a cost-effective basis. We expressly disclaim any responsibility to update any projections contained herein. Further information regarding these and other risks is included in Netro's Annual Report on Form 10-K for the fiscal year ended December 31, 2001, in Netro's Quarterly Reports on Form 10-Q for the three months ended March 31, 2002 and for the six months ending June 30, 2002 and in its other filings with the Securities and Exchange Commission. Media Contact Jeff Lloyd Sitrick & Company, Inc. (310) 788-2850 Investor Contact Sanjay Khare, CFO Netro Corporation (408) 216-1500 -----END PRIVACY-ENHANCED MESSAGE-----