-----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, C8s5nd9mXxBGUw8oskJSxBN2q9Bhmi+4rTo5HkT8sgjJ8Acz83TRtXvktPXgVGyM 2UFWYQqV61QOV0p1u4YVZA== 0000947871-10-000085.txt : 20100204 0000947871-10-000085.hdr.sgml : 20100204 20100204122857 ACCESSION NUMBER: 0000947871-10-000085 CONFORMED SUBMISSION TYPE: SC TO-T/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100204 DATE AS OF CHANGE: 20100204 GROUP MEMBERS: SHISEIDO COMPANY, LIMITED SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BARE ESCENTUALS INC CENTRAL INDEX KEY: 0001295557 STANDARD INDUSTRIAL CLASSIFICATION: PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844] IRS NUMBER: 201062857 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-T/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-82124 FILM NUMBER: 10573303 BUSINESS ADDRESS: STREET 1: 71 STEVENSON STREET STREET 2: 22ND FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 415-489-5000 MAIL ADDRESS: STREET 1: 71 STEVENSON STREET STREET 2: 22ND FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94105 FORMER COMPANY: FORMER CONFORMED NAME: STB BEAUTY INC DATE OF NAME CHANGE: 20040625 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Blush Acquisition Corp CENTRAL INDEX KEY: 0001480315 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-T/A BUSINESS ADDRESS: STREET 1: CORPORATION SERVICE COMPANY STREET 2: 2711 CENTERVILLE ROAD, SUITE 400 CITY: NEW CASTLE STATE: DE ZIP: 19808 BUSINESS PHONE: 81-3-5251-0201 MAIL ADDRESS: STREET 1: CORPORATION SERVICE COMPANY STREET 2: 2711 CENTERVILLE ROAD, SUITE 400 CITY: NEW CASTLE STATE: DE ZIP: 19808 SC TO-T/A 1 ss83799_sctota.htm AMENDMENT NO. 4 TO SCHEDULE TO-T ss83799_sctota.htm
 
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________
SCHEDULE TO/A
Tender Offer Statement Under Section 14(d)(1) or 13(e)(1)
of the Securities Exchange Act of 1934
(Amendment No. 4)
 
______________
BARE ESCENTUALS, INC.
(Name of Subject Company)
______________
BLUSH ACQUISITION CORPORATION
SHISEIDO COMPANY, LIMITED
(Names of Filing Persons (Purchasers)
 
Common Stock, Par Value $.001 Per Share
 
(Title of Class of Securities)
 
067511105
 
(CUSIP Number of Class of Securities)
______________
Takeshi Nakatsu
General Manager, Business Development Department
Shiseido Company, Limited
1-6-2, Higashi-shimbashi, Minato-ku, Tokyo 105-8310, Japan
Tel: +81-3-6218-6657
Fax: +81-3-6218-6662
(Name, Address and Telephone Number of Persons Authorized to Receive Notices
and Communications on Behalf of filing persons)
______________
Copy to:
Peter Lyons
Shearman & Sterling LLP
599 Lexington Avenue
New York, New York 10022
+1-212-848-4000
Kenneth Lebrun
Shearman & Sterling LLP
2-2-2 Uchisaiwaicho, 5F
Chiyoda –ku, Tokyo, 100-0011
+81-3-5251-1601

CALCULATION OF FILING FEE
Transaction Valuation*
Amount of Filing Fee**
$1,763,985,969
$ 125,773
*
Estimated for purposes of calculating the amount of the filing fee only.  Calculated by multiplying $18.20, the per share tender offer price, by 96,922,306 the sum of the 92,048,851 currently outstanding shares of Common Stock sought in the Offer and the 4,873,455 shares of Common Stock subject to all outstanding options.
**
Calculated by multiplying the transaction valuation by 0.00007130.
R
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:  $ 125,773
Filing Party:  Blush Acquisition Corporation
Form or Registration No.: Schedule TO
Date Filed:     January 25, 2010
o
Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.
 
Check the appropriate boxes to designate any transactions to which the statement relates:
R
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:  £
 
 
 
 
This Amendment No. 4 (this “Amendment”) amends and supplements the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission (the “SEC”) on January 25, 2010 and previously amended by Blush Acquisition Corporation, a Delaware corporation (“Purchaser”) and an indirect wholly owned subsidiary of Shiseido Company, Limited, a corporation organized under the laws of Japan (“Shiseido”).  The Schedule TO relates to the offer by Purchaser (the “Offer”) to purchase all outstanding shares of Common Stock, par value $.001 per share (the “Shares”), of Bare Escentuals, Inc., a Delaware corporation (the “Company”), at a purchase price of $18.20 per Share, net to the seller in cash, upon the terms and subject to the conditions set forth in the Offer to Purchase dated January 25, 2010 (the “Offer to Purchase”) and in the related Letter of Transmittal (which, together with the Offer to Purchase and any amendments or supplements thereto, collectively constitute the “Offer”).

The information set forth in the Offer to Purchase, including all schedules thereto, and the related Letter of Transmittal is incorporated herein by reference with respect to all of the applicable items in the Schedule TO, except that such information is hereby amended and supplemented to the extent provided herein.  Capitalized terms used and not defined herein shall have the meanings set forth in the Offer to Purchase.

Documentation relating to the Offer has been mailed to Bare Escentuals’ stockholders and may be obtained free of charge at the SEC’s website at www.sec.gov, and may also be obtained at no charge by directing a request by mail to the information agent for the Offer, Innisfree M&A Incorporated, at 501 Madison Avenue, 20th Floor, New York, NY 10022, or by calling toll-free at (877) 750-9499 or collect at (212) 750-5833 for banks and brokers.

 
Item 11. 
Additional Information.
 
Item 11(a)(5) of the Schedule TO is hereby amended and supplemented as follows:

The text appearing under the heading “Legal Proceedings” in Section 15 “Certain Legal Matters and Regulatory Approvals” is hereby amended and supplemented by adding the following text as a new fifth paragraph of that section:

“On January 29, 2010, the lawsuits captioned Keeler v. Bare Escentuals, Inc., et al., Sonar Radio Corp. v. Bare Escentuals, Inc., et al., Stephen Carlson v. Bare Escentuals, Inc. et al. and John C. Heller v. Leslie A. Blodgett, et al. were consolidated by the California Superior Court in San Francisco into a single action.  On February 1, 2010, a consolidated complaint captioned In re Bare Escentuals Shareholder Litigation was filed, which contains substantially the same claims and seeks substantially the same relief as the prior complaints.  Parent and Purchaser continue to believe the plaintiffs’ allegations lack merit and will contest them vigorously.”

Section 15 “Certain Legal Matters and Regulatory Approvals” is hereby further amended by deleting the following paragraph from the end of that section:
 
“Parent and Purchaser believe that the Keeler suit and any follow-on complaints would be without merit and anticipate that they would vigorously defend against any actions in which they are named as defendants.”

 
 
 
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.
 
Dated:  February 4, 2010
 
 
BLUSH ACQUISITION CORPORATION
  
         
 
By:
   /s/ Joseph S. Kendy, Jr.  
    Name: Joseph S. Kendy, Jr.  
    Title: Secretary  
         
 

 

 
 
 
 
 
 
 
 
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.
 
Dated:  February 4, 2010
 
 
SHISEIDO COMPANY, LIMITED
  
         
 
By:
   /s/ Carsten Fischer  
    Name: Carsten Fischer  
    Title: Chief Officer  
      International Business Division  
 
 
 
 
 
 
 
 
 
 
 
           
 
EXHIBIT INDEX
 
Exhibit Number
   
 
Description                                                                                     
 
(a)(1)*
Offer to Purchase dated January 25, 2010.

(a)(2)*
Form of Letter of Transmittal.

(a)(3)*
Form of Notice of Guaranteed Delivery.

(a)(4)*
Form of Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.

(a)(5)*
Form of Letter from Brokers, Dealers, Commercial Banks, Trust Companies and Nominees to Clients.

(a)(6)*
Summary Advertisement as published in The Wall Street Journal on January 25, 2010.

(a)(7)*
Joint Press Release issued by Shiseido and the Company on January 25, 2010.

(b)(1)*
Letter of Commitment for Senior Credit Facility between Mizuho Bank, Limited and Shiseido, dated January 13, 2010.

(b)(2)*
Summary of Financing Terms between Mizuho Bank, Limited and Shiseido.

(c)
Not applicable.

(d)(1)
Agreement and Plan of Merger, dated as of January 14, 2010, among Shiseido, Purchaser and the Company (incorporated by reference to Exhibit 2.1 of the Current Report on Form 8-K filed by the Company with the SEC on January 15, 2010).

(d)(2)
Stockholders Support Agreement, dated as of January 14, 2010, among Shiseido, Purchaser, Berkshire Partners LLC, Berkshire Fund V, Limited Partnership, Berkshire Fund VI, Limited Partnership and Berkshire Investors LLC (incorporated by reference to Exhibit 2.2 of the Schedule 13D filed by Berkshire Partners LLC and each other Berkshire entity that is a party to the Stockholders Support Agreement).

(d)(3)*
Contribution Agreement, dated as of January 14, 2010, between Shiseido and Leslie Blodgett on behalf of herself and as trustee of the Blodgett Family Trust dated June 4, 2004.

(d)(4)*
Confidentiality Agreement, dated as of September 17, 2009, between Shiseido and the Company.

(d)(5)
Amended and Restated Name and Likeness Agreement, dated as of January 14, 2010, between the Company and Leslie Blodgett (incorporated by reference to Exhibit 2.1 of the Current Report on Form 8-K filed by the Company with the SEC on January 20, 2010).
 

 
(d)(6)
Employment Agreement, dated as of January 14, 2010, between the Company and Leslie Blodgett (incorporated by reference to Exhibit 10.1 of the Current Report on Form 8-K filed by the Company with the SEC on January 20, 2010).

(d)(7)
Employment Agreement, dated as of January 14, 2010, between the Company and Myles McCormick (incorporated by reference to Exhibit 10.2 of the Current Report on Form 8-K filed by the Company with the SEC on January 20, 2010).

(e)
Not applicable.

(f)
Not applicable.

(g)
Not applicable.

(h)
Not applicable.

  _________________________
 
  *  Previously filed.
 
 
 
 
 
 
 
 
 
 
 
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