-----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, J5wPlP+fWGptZ5k+VQcjie9aE0M+qkdBZo5PIoOorpdeOHLZ762U5xhePwsPDIbT tZ9ejisvqrQsyYaVmg8nUg== 0000950152-07-000413.txt : 20070124 0000950152-07-000413.hdr.sgml : 20070124 20070123180957 ACCESSION NUMBER: 0000950152-07-000413 CONFORMED SUBMISSION TYPE: SC TO-T/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20070124 DATE AS OF CHANGE: 20070123 GROUP MEMBERS: NACCO INDUSTRIES, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: APPLICA INC CENTRAL INDEX KEY: 0000217084 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC HOUSEWARES & FANS [3634] IRS NUMBER: 591028301 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-T/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-33434 FILM NUMBER: 07547786 BUSINESS ADDRESS: STREET 1: 5980 MIAMI LAKES DR CITY: MIAMI LAKES STATE: FL ZIP: 33014 BUSINESS PHONE: 3053622611 MAIL ADDRESS: STREET 1: 5980 MIAMI LAKES DRIVE CITY: MIAMI LAKES STATE: FL ZIP: 33014 FORMER COMPANY: FORMER CONFORMED NAME: WINDMERE DURABLE HOLDINGS INC DATE OF NAME CHANGE: 19970224 FORMER COMPANY: FORMER CONFORMED NAME: WINDMERE CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: SAVE WAY INDUSTRIES INC DATE OF NAME CHANGE: 19830815 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Apex Acquisition CORP CENTRAL INDEX KEY: 0001383659 IRS NUMBER: 208037860 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-T/A BUSINESS ADDRESS: STREET 1: 5875 LANDERBROOK DRIVE CITY: CLEVELAND STATE: OH ZIP: 44124 BUSINESS PHONE: 440-449-9600 MAIL ADDRESS: STREET 1: 5875 LANDERBROOK DRIVE CITY: CLEVELAND STATE: OH ZIP: 44124 SC TO-T/A 1 l24193asctovtza.htm APEX ACQUISITION CORPORATION SC TO-T/A APEX ACQUISITION CORPORATION SC TO-T/A
 

 
 
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. 7)
APPLICA INCORPORATED
(Name of Subject Company (Issuer))
Apex Acquisition Corporation
NACCO Industries, Inc.
(Names of Filing Persons (Offerors))
Common Stock, par value $0.10 per share
(Title of Class of Securities)
03815A106
(CUSIP Number of Class of Securities)
Charles A. Bittenbender, Esq.
Vice President, General Counsel, and Secretary
NACCO Industries, Inc.
5875 Landerbrook Drive
Cleveland, Ohio 44124
(440) 449-9600

(Name, Address and Telephone Numbers of Person
Authorized to Receive Notices and Communications on Behalf of Filing Persons)
Copy to:
Thomas C. Daniels, Esq.
Jones Day
North Point
901 Lakeside Avenue
Cleveland, Ohio 44114-1190
(216) 586-3939
CALCULATION OF FILING FEE
     
Transaction Valuation*   Amount of Filing Fee**
$207,385,710   $22,190.27
*For purposes of calculating the filing fee pursuant to Rule 0-11(d) only, the Transaction Valuation was calculated on the basis of (i) the aggregate of 25,762,200 shares of common stock, par value $0.10 per share, of Applica Incorporated outstanding on a fully diluted basis consisting of (a) 25,001,100 shares of common stock outstanding and (b) 761,100 shares of common stock subject to outstanding options granted under Applica’s equity incentive plans and (ii) the tender offer price of $8.05 per Share (as defined herein).
** The filing fee, calculated in accordance with Rule 0-11 of the Securities Exchange Act of 1934, is calculated by multiplying the Transaction Valuation by 0.000107.
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: $413.48
  Filing Party: Apex Acquisition Corporation/NACCO Industries, Inc.
Form or Registration No.: Schedule TO-T/A
  Date Filed: January 16, 2007

 


 

     
Amount Previously Paid: $413.49
  Filing Party: Apex Acquisition Corporation/NACCO Industries, Inc.
Form or Registration No.: Schedule TO-T/A
  Date Filed: January 9, 2007
Amount Previously Paid: $689.13
  Filing Party: Apex Acquisition Corporation/NACCO Industries, Inc.
Form or Registration No.: Schedule TO-T/A
  Date Filed: January 3, 2007
Amount Previously Paid: $1,378.28
  Filing Party: Apex Acquisition Corporation/NACCO Industries, Inc.
Form or Registration No.: Schedule TO-T/A
  Date Filed: December 26, 2006
Amount Previously Paid: $1,378.28
  Filing Party: Apex Acquisition Corporation/NACCO Industries, Inc.
Form or Registration No.: Schedule TO-T/A
  Date Filed: December 21, 2006
Amount Previously Paid: $17,917.61
  Filing Party: Apex Acquisition Corporation/NACCO Industries, Inc.
Form or Registration No.: Schedule TO-T
  Date Filed: December 15, 2006
o 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:
x third-party tender offer subject to Rule 14d-1.
o issuer tender offer subject to Rule 13e-4.
o going-private transaction subject to Rule 13e-3.
o 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

 


 

Items 1 through 9, and Item 11.
     This Amendment No. 7 (this “Amendment”) to the Tender Offer Statement on Schedule TO amends and supplements the tender offer statement originally filed with the Securities and Exchange Commission on December 15, 2006, as amended (as so amended and supplemented, the “Schedule TO”), by Apex Acquisition Corporation, a Florida corporation (“Purchaser”) and a newly formed, indirect, wholly owned subsidiary of NACCO Industries, Inc., a Delaware corporation (“NACCO”). The Schedule TO relates to the offer by Purchaser to purchase all outstanding shares of common stock, par value $0.10 per share (the “Shares”), of Applica Incorporated, a Florida corporation (the “Company”), other than Shares held by NACCO or its affiliates, at a price of $8.05 per Share, net to the seller in cash, without interest, upon the terms and subject to the conditions set forth in the Offer To Purchase dated December 15, 2006, as amended, and in the related Letter of Transmittal (which, together with the Offer To Purchase and any amendments or supplements thereto constitute the “Offer”). Capitalized terms used but not defined herein have the meanings specified in the Offer To Purchase and the Schedule TO. The item numbers referenced herein are in accordance with the requirements of Schedule TO. Except as specifically provided herein, this Amendment does not modify any of the information previously reported on Schedule TO.
Items 1 through 9 and Item 11 are hereby amended and supplemented as follows:
On January 23, 2007, NACCO and Purchaser terminated the Offer pursuant to Section 14 of the Offer To Purchase and issued a press release in connection therewith. The Offer had been scheduled to expire at 12:00 Midnight, New York City time, on Monday, January 29, 2007. The announcement and termination of the Offer follow the consummation of the merger between the Company and Harbinger on January 23, 2007. The full text of the press release issued by NACCO on January 23, 2007 announcing the termination of the Offer is filed as Exhibit (a)(5)(ix) hereto. No Shares were purchased by Purchaser pursuant to the Offer, and all tendered Shares will be returned promptly.
Item 12. Exhibits.
Item 12 of the Schedule TO is hereby amended and supplemented to add the following exhibit:
(a)(5)(ix) Press release issued by NACCO, dated January 23, 2007

 


 

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.
         
Date: January 23, 2007   Apex Acquisition Corporation

 
  By:   /s/ Charles A Bittenbender
 
       
 
      Name: Charles A. Bittenbender
 
      Title: Secretary


    NACCO Industries, Inc.

 
  By:   /s/ Charles A Bittenbender
 
       
 
      Name: Charles A. Bittenbender
Title: Vice President, General Counsel, and
Secretary

 


 

EXHIBIT INDEX
     
Exhibit
  Description
(a)(1)(A)
  Offer To Purchase, dated December 15, 2006*
(a)(1)(B)
  Letter of Transmittal*
(a)(1)(C)
  Notice of Guaranteed Delivery*
(a)(1)(D)
  Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees*
(a)(1)(E)
  Letter to Clients for Use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees*
(a)(1)(F)
  Guidelines for Certification of Taxpayer Identification Number on Substitute Form W-9*
(a)(1)(G)
  Press release issued by NACCO, dated December 15, 2006*
(a)(1)(I)
  Summary advertisement, published December 15, 2006*
(a)(5)(i)
  Complaint filed on December 18, 2006 in the United Stated District Court for the Northern District of Ohio, Eastern Division*
(a)(5)(ii)
  Press release issued by NACCO, dated December 21, 2006*
(a)(5)(iii)
  Press release issued by NACCO, dated December 26, 2006*
(a)(5)(iv)
  Press release issued by NACCO, dated January 3, 2007*
(a)(5)(v)
  Press release issued by NACCO, dated January 9, 2007*
(a)(5)(vi)
  Press release issued by NACCO, dated January 16, 2007*
(a)(5)(vii)
  Letter from the Company to NACCO, dated January 9, 2007*
(a)(5)(viii)
  Letter from NACCO to the Company, dated January 11, 2007*
(a)(5)(ix)
  Press release issued by NACCO, dated January 23, 2007
* Previously filed.

 

EX-99.A.5.IX 2 l24193aexv99waw5wix.htm EX (A)(5)(IX) EX (a)(5)(ix)
 

Exhibit (a)(5)(ix)

 
NEWS RELEASE   NACCO Industries, Inc.
    5875 Landerbrook Drive l Cleveland, Ohio 44124-4069
Tel. (440) 449-9600 l Fax (440) 449-9577
     
    For Immediate Release
Tuesday, January 23, 2007
NACCO INDUSTRIES, INC. TERMINATES TENDER OFFER TO ACQUIRE
APPLICA INCORPORATED
_____________________________
CLEVELAND, OH, January 23, 2007 — NACCO Industries, Inc. (NYSE: NC) announced today that it was terminating its tender offer for the common stock of Applica Incorporated (NYSE: APN).
     Commenting on the termination, Alfred M. Rankin, Jr., Chairman, President and Chief Executive Officer of NACCO, said, “We pursued the Applica transaction because we believed that there was a good brand fit and high synergy value with our Hamilton Beach/Proctor-Silex business. The original transaction approved by the Boards of Applica and NACCO provided for a spin-off of Hamilton Beach/Proctor-Silex and merger of Applica into Hamilton Beach/Proctor-Silex. We felt then and continue to believe that this was a strategically and financially compelling transaction that carried opportunity for significant value enhancement for shareholders of both Applica and NACCO. Following Harbinger’s cash offer of $6.00 per share and Applica’s decision that it represented a superior offer, we followed a disciplined and focused bidding process in order to acquire the business at the lowest possible reasonable price, despite the fact that, we believe, our original merger agreement was breached by Applica. However, the increase in the break-up fee payable to affiliates of Harbinger to which Applica agreed last week had a negative effect on the bidding process and we determined that further increases by us would not be in our shareholders’ best interests.”
     “Hamilton Beach/Procter-Silex is a very strong company with leading market positions, excellent financial performance, experienced management and good opportunities for continued growth. We will continue to develop and evaluate potential initiatives for Hamilton Beach/Proctor-Silex based on the long-term best interests of the business and NACCO shareholders,” Mr. Rankin stated.
     NACCO also said that it intended to continue to pursue claims against Applica and Harbinger-related entities in litigation it commenced in Delaware in November of 2006. There can be no assurance as to the outcome of this litigation.
     The tender offer had been scheduled to expire on January 29, 2007. Certificates for shares tendered pursuant to NACCO’s tender offer will be promptly returned to Applica shareholders.

 


 

About NACCO
     NACCO is an operating holding company with three principal businesses: lift trucks, housewares and mining. NACCO Materials Handling Group, Inc. designs, engineers, manufactures, sells, services and leases a comprehensive line of lift trucks and aftermarket parts marketed globally under the Hyster® and Yale® brand names. NACCO Housewares Group consists of Hamilton Beach/Proctor-Silex, a leading designer, marketer and distributor of small electric household appliances, as well as commercial products for restaurants, bars and hotels, and The Kitchen Collection, Inc., a national specialty retailer of kitchenware and gourmet foods operating under the Kitchen Collection® and Le Gourmet Chef® store names in outlet and traditional malls throughout the United States. The North American Coal Corporation mines and markets lignite coal primarily as fuel for power generation and provides selected value-added mining services for other natural resources companies. Additional information about NACCO is available at www.nacco.com.
FOR QUESTIONS ABOUT THE TENDER OFFER, CONTACT:
MacKenzie Partners, Inc.
105 Madison Avenue
New York, New York 10016
Toll-Free: (800) 322-2885 or,
Call Collect: (212) 929-5500
tenderoffer@mackenziepartners.com
ANALYSTS AND MEDIA CONTACT:
NACCO Industries, Inc.
Christina Kmetko
Manager — Finance
(440) 449-9669

 

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