0001104659-17-038189.txt : 20170608 0001104659-17-038189.hdr.sgml : 20170608 20170608170718 ACCESSION NUMBER: 0001104659-17-038189 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20170608 DATE AS OF CHANGE: 20170608 EFFECTIVENESS DATE: 20170608 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TANGOE INC CENTRAL INDEX KEY: 0001182325 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 061571143 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-35247 FILM NUMBER: 17900849 BUSINESS ADDRESS: STREET 1: 35 Executive Boulevard CITY: Orange STATE: CT ZIP: 06477 BUSINESS PHONE: 203-859-9300 MAIL ADDRESS: STREET 1: 35 Executive Boulevard CITY: Orange STATE: CT ZIP: 06477 DEFA14A 1 a17-12950_128k.htm 8-K

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 8-K

 

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported):  June 8, 2017

 

Tangoe, Inc.

(Exact Name of Registrant as Specified in Charter)

 

Delaware

 

001-35247

 

06-1571143

(State or Other Jurisdiction of
Incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

35 Executive Blvd., Orange, Connecticut

 

06477

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: (203) 859-9300

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o                                    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

x                                  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o                                    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o                                    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company               o

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.         o

 

 

 



 

Item 8.01.                Other Events.

 

On June 8, 2017, Tangoe, Inc. (the “Company”), Marlin Equity Partners (“Marlin”) and Asentinel, LLC (the “Parent”) issued a joint press release in connection with the tender offer (the “Offer”) contemplated by the previously announced Agreement and Plan of Merger, dated as of April 27, 2017, by and among the Company, the Parent and TAMS Inc. (the “Purchaser”) announcing that the Parent and the Purchaser had (i) waived the Financing Proceeds Condition described in the Offer to Purchase for the Offer and (ii) extended the expiration of the Offer until 10:00 a.m., Eastern Time, on June 15, 2017, unless further extended or earlier terminated.  The Offer was previously scheduled to expire at 10:00 a.m., Eastern Time, on June 13, 2017.

 

A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

Item 9.01.                Financial Statements and Exhibits.

 

(d)   Exhibits.

 

Exhibit
No.

 

Description

 

 

 

99.1

 

Press Release dated June 8, 2017

 

2



 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

TANGOE, INC.

Date: June 8, 2017

 

 

 

By:

/s/ Thomas P. Flynn

 

 

Thomas P. Flynn

 

 

Chief Administrative Officer, General Counsel & Secretary

 

3



 

EXHIBIT INDEX

 

Exhibit
No.

 

Description

 

 

 

99.1

 

Press Release dated June 8, 2017

 

4


EX-99.1 2 a17-12950_12ex99d1.htm EX-99.1

Exhibit 99.1

 

Tangoe and Marlin Equity Partners Announce Waiver of the Financing Proceeds Condition and Extension of the Tender Offer

 

LOS ANGELES, Calif., ORANGE, Conn. and MEMPHIS, Tenn. June 8, 2017 — Tangoe, Inc. (OTCPK: TNGO) (“Tangoe” or the “Company”) and Marlin Equity Partners (“Marlin”) announced today that Marlin’s affiliates, Asentinel, LLC (“Parent”) and TAMS Inc. (“Purchaser”), have waived the “Financing Proceeds Condition,” as described in the Offer to Purchase in connection with Marlin’s previously-announced tender offer to acquire all of the outstanding shares of common stock of Tangoe at a price of $6.50 per share in cash.

 

Marlin also announced today that Parent and Purchaser have extended the offering period until 10:00 a.m., New York City time, on June 15, 2017, unless further extended or earlier terminated.  The tender offer was previously scheduled to expire at 10:00 a.m., New York City time, on June 13, 2017.  All other terms and conditions of the tender offer remain unchanged.

 

The tender offer is being extended pursuant to the requirement of the Securities and Exchange Commission that at least five business days remain in the tender offer following the satisfaction or waiver of the “Financing Proceeds Condition.”

 

The tender offer is being made in connection with the Agreement and Plan of Merger, dated as of April 27, 2017, by and among the Company, Parent and Purchaser.  The Board of Directors of Tangoe has unanimously approved the proposed acquisition by Tangoe and recommends that Tangoe stockholders tender their shares in the tender offer.

 

Okapi Partners LLC is acting as information agent for Purchaser in the tender offer.  Requests for documents and questions regarding the tender offer may be directed to Okapi Partners LLC by telephone, toll-free at (888) 785-6673.

 

Notice to Investors

 

This press release is neither an offer to purchase nor a solicitation of an offer to sell shares of Tangoe’s common stock.

 

The solicitation and the offer to purchase shares of Tangoe’s common stock described in this press release will be made only pursuant to the offer to purchase and related materials that Marlin has filed on Schedule TO with the SEC. In addition, Tangoe has filed its recommendation of the tender offer on Schedule 14D-9 with the SEC. Additionally, Tangoe and Marlin will file other relevant materials in connection with the proposed acquisition of Tangoe by Marlin pursuant to the terms of the merger agreement. INVESTORS AND STOCKHOLDERS OF TANGOE ARE ADVISED TO READ THE SCHEDULE TO (INCLUDING AN OFFER TO PURCHASE, A RELATED LETTER OF TRANSMITTAL AND OTHER OFFER DOCUMENTS) AND THE SCHEDULE 14D-9, AS EACH MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME, AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC ON MAY 12, 2017, BEFORE MAKING ANY DECISION WITH RESPECT TO THE TENDER OFFER, BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND THE PARTIES THERETO.

 



 

Investors and security holders will be able to obtain free copies of the Tender Offer Statement, the Tender Offer Solicitation/Recommendation Statement and other documents filed with the SEC by Marlin and Tangoe through the web site maintained by the SEC at www.sec.gov.  In addition, investors and security holders will be able to obtain free copies of these documents from Marlin or Tangoe by contacting: Okapi Partners LLC, Attn: Pat McHugh, 1212 Avenue of the Americas, 24th Floor, New York, NY 10036, or by telephone toll free at (877) 305-0857 or collect at (212) 297-0720; or Tangoe, Inc., Attn: Corporate Secretary, 35 Executive Boulevard, Orange, Connecticut 06477, or by telephone at (203) 859-9300.

 

Tangoe has filed a preliminary Proxy Statement with the SEC on May 23, 2017 and, under certain circumstances, shall mail to its stockholders a Proxy Statement in connection with the transaction.  The Proxy Statement will contain important information about Marlin, Tangoe, the transaction and related matters.  Investors and security holders are urged to read the Proxy Statement carefully when it is available.

 

Investors and security holders will be able to obtain free copies of the Proxy Statement and other documents filed with the SEC by Marlin and Tangoe through the web site maintained by the SEC at www.sec.gov.

 

In addition, investors and security holders will be able to obtain free copies of the Proxy Statement from Tangoe by contacting its Corporate Secretary.

 

Marlin and Tangoe, and their respective directors and executive officers, may be deemed to be participants in the solicitation of proxies in respect of the transactions contemplated by the merger agreement.  As of April 25, 2017, Tangoe’s directors and executive officers beneficially owned approximately 960,078 shares, or 2.4%, of Tangoe’s common stock.  In addition, Tangoe’s directors and executive officers are also parties to agreements with Tangoe pursuant to which they will be entitled to receive payments upon the consummation of the merger, as provided in the merger agreement.  As of April 25, 2017, Marlin beneficially owned 4,094,599 shares, or approximately 10.4%, of Tangoe’s common stock.  A more complete description of the interests of Tangoe’s directors and executive officers and any other participants in the solicitation will be available in the Proxy Statement.

 

Cautionary Note Regarding Forward-Looking Statements

 

Statements in this press release regarding the proposed transaction between Marlin, Asentinel and Tangoe, the expected timetable for completing the transaction, benefits and synergies of the transaction, future opportunities for the combined company and any other statements about Marlin, Asentinel or Tangoe managements’ future expectations, beliefs, goals, plans or prospects constitute forward-looking statements.  Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” “estimates,” and similar expressions) should also be considered to be forward-looking statements.  There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: the ability to consummate the transaction, the ability of Asentinel to successfully integrate Tangoe’s operations and employees and the ability to realize anticipated synergies and cost savings.  Except as otherwise required by law, Marlin, Asentinel and Tangoe disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.

 



 

About Marlin Equity Partners

 

Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs.  Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value.  Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 100 acquisitions.  The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.

 

About Tangoe

 

Tangoe, Inc. is a leading global provider of IT and Telecom Expense Management (TEM) software and related services to a wide range of global enterprises and service providers.  Tangoe helps companies transform the management of IT assets, services, expenses, and usage to create business value, increase efficiency, and deliver a positive impact to the bottom line.  Additional information about Tangoe can be found at www.tangoe.com.

 

Tangoe is a registered trademark of Tangoe, Inc.

 

About Asentinel

 

Asentinel, LLC, a leading provider of Technology and Telecom Expense Management (TEM) and Mobility Managed Services (MMS), meets the needs of customers by providing lifecycle solutions delivered through a customer-focused, technology-driven SaaS platform.  The company serves a growing client base of Global 2000, Fortune 1000 and multinational entities that rely on the power of TEM and MMS to reduce spend, automate processes, manage inventory and maximize business intelligence and actionable analytics. For more information, please visit www.asentinel.com.

 

For Marlin Inquiries:

Marlin Equity Partners

Peter Spasov, 310-364-0100

pspasov@marlinequity.com

 

For Tangoe Inquiries:

Investors:
ICR, Inc.
Seth Potter, 646-277-1230
investor.relations@tangoe.com
or
Media:
Tangoe, Inc.
Shannon Cortina, 732-637-2010
shannon.cortina@tangoe.com

 

For Asentinel Inquiries:

Asentinel LLC

Mark Ledbetter, 901-752-6202

mark.ledbetter@asentinel.com

 

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