-----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, I7hEXxaqFODEP0DUBMcZRrCyFxjvx/RJbkeH3XQA4X/9OsMJe//l4a8cksjUJX/2 gFNeGgEf4SqgSkWuWgjLFQ== 0001104659-06-058835.txt : 20060901 0001104659-06-058835.hdr.sgml : 20060901 20060901070453 ACCESSION NUMBER: 0001104659-06-058835 CONFORMED SUBMISSION TYPE: SC TO-C PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20060901 DATE AS OF CHANGE: 20060901 GROUP MEMBERS: HABASIT HOLDING AG SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SUMMA INDUSTRIES/ CENTRAL INDEX KEY: 0000062262 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS PRODUCTS, NEC [3089] IRS NUMBER: 951240978 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC TO-C SEC ACT: 1934 Act SEC FILE NUMBER: 005-30794 FILM NUMBER: 061069832 BUSINESS ADDRESS: STREET 1: 21250 HAWTHORNE BLVD STREET 2: STE 500 CITY: TORRANCE STATE: CA ZIP: 90503 BUSINESS PHONE: 9092733485 MAIL ADDRESS: STREET 1: 21250 HAWTHORNE BLVD STREET 2: STE 500 CITY: TORRANCE STATE: CA ZIP: 90503 FORMER COMPANY: FORMER CONFORMED NAME: SUMMA INDUSTRIES / DATE OF NAME CHANGE: 19960416 FORMER COMPANY: FORMER CONFORMED NAME: MOREHOUSE INDUSTRIES INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: MAXAD INC DATE OF NAME CHANGE: 19740304 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Habasit Holding USA, Inc CENTRAL INDEX KEY: 0001374241 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC TO-C BUSINESS ADDRESS: STREET 1: ROEMERSTRASSE 1, STREET 2: CH-4153 REINACH-BASEL, CITY: SWITZERLAND STATE: V8 ZIP: CH-4153 BUSINESS PHONE: 41 61 715 15 15 MAIL ADDRESS: STREET 1: ROEMERSTRASSE 1, STREET 2: CH-4153 REINACH-BASEL, CITY: SWITZERLAND STATE: V8 ZIP: CH-4153 SC TO-C 1 a06-19019_1sctoc.htm WRITTEN COMMUNICATION RELATING TO AN ISSUER OR THIRD PARTY TENDER OFFER

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE TO

Tender Offer Statement under Section 14(d)(1) or 13(e)(1)

of the Securities Exchange Act of 1934

SUMMA INDUSTRIES

(Name of Subject Company (issuer))

HABASIT HOLDING USA, INC.

HABASIT HOLDING AG

(Offerors)

(Names of Filing Persons (identifying status as offeror, issuer or other person)

Common Stock, $0.001 par value per share

(Title of Class of Securities)

86562T105

(CUSIP Number of Class of Securities)

Harry Cardillo

Secretary

Habasit Holding USA, Inc.

305 Satellite Boulevard

P.O. Box 80507

Suwanee, GA  30024

United States of America

(800) 458-6431

 (Name, address and telephone number of person authorized to

receive notices and communications on behalf of filing person)

Copy to:

Justo Rodriguez, Esq.

Paul, Hastings, Janofsky & Walker LLP

600 Peachtree St. N.E. Suite 2400

Atlanta, Georgia 30308

(404) 815-2400

CALCULATION OF FILING FEE

Transaction Valuation

 

Amount of Filing Fee

N/A

 

N/A

 

o

 

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:

 

 

 

 

 

Form or Registration No.:

 

 

 

 

 

Filing Party:

 

 

 

 

 

Date Filed:

 

 

 

x

 

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: o

 

 

 




 

Exhibits

(a)(5)*

 

Joint press release dated September 1, 2006.

(d)(1)*

 

Agreement and Plan of Merger, dated as of August 31, 2006, by and among Habasit Holding AG, Habasit Holding USA, Inc. and Summa Industries.

(d)(2)*

 

Stockholder Tender Agreement, dated as of August 31, 2006, by and among Habasit Holding AG and James R. Swartwout.

(d)(3)**

 

Form of Confidentiality Agreement, dated December 21, 2004, by and among Summa Industries, KVP Holdings, Inc., KVP Falcon Plastic Belting, Inc. and Habasit Belting, Inc.


* incorporated by reference to the Current Report on Form 8-K filed by Summa Industries with the Securities and Exchange Commission on September 1, 2006.

** filed herewith

 

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EX-99.(D)(3) 2 a06-19019_1ex99dd3.htm EX-99

Exhibit (d)(3)

 

 

21250 Hawthorne Boulevard, Suite 500

 

 

Torrance, California 90503-5502

 

 

310-792-7024    FAX 310-792-7079

 

www.summaindustries.com

 

December 21, 2004

Mr. Harry Cardillo, President

Habasit Belting, Inc.

305 Satellite Blvd.

Suwanee, GA 30024

Dear Harry

I have advised you that Summa Industries (“Summa”) is willing to explore the possible sale of its proprietary plastic belting and chain business, KVP Holdings, Inc. and KVP Falcon Plastic Belting, Inc. (collectively, the “Company”), on a strictly confidential basis.  You have expressed interest in the possibility of such a transaction (“Transaction”) involving the Company and have requested oral and written information concerning the Company’s business, assets, financial condition, operations and prospects.  As a condition to our furnishing such information to you and your directors, officers, employees, agents, advisors or affiliates (including, without limitation, attorneys, accountants, consultants, financial advisors, equity holders, prospective lenders or prospective investors) (collectively, “Representatives”), you agree to treat confidentially such information and any other information relating to the Company which the Company, Summa or any of the Company’s representatives or agents furnish to you or your Representatives in any medium or to which you or your Representatives are afforded access (collectively, the “Evaluation Material”).

The term “Evaluation Material” also shall be deemed to include all notes, analyses, compilations, studies, interpretations or other documents prepared by you or your Representatives which contain, reflect or are based upon or derived from, in whole or in part, directly or indirectly, the information furnished to you or your Representatives pursuant hereto.  The term “Evaluation Material” does not include information which (i) is or becomes generally available to the public other than as a result of a disclosure by you or your Representatives, (ii) is or becomes available to you on a non-confidential basis from a source other than the Company, Summa or any of the Company’s representatives or agents, provided that the source of such information was not known to you to be bound by a confidentiality agreement with, or other contractual, legal or fiduciary obligation of confidentiality to, the Company, Summa or any other party with respect to such information, or (iii) can be reasonably demonstrated to have been in your possession prior to its being furnished to you or your Representatives by or on behalf of the Company pursuant hereto, provided that the source of such information was not known by you to be bound by a confidentiality agreement with, or other contractual, legal or fiduciary obligation of confidentiality to, the Company, Summa or any other party with respect to such information.




You agree that the Evaluation Material shall be held and treated by you and your Representatives with the utmost and strictest confidence and shall not, without the prior written consent of Summa in each instance, be disclosed by you or your Representatives in any manner whatsoever, in whole or in part, or used by you or your Representatives, directly or indirectly, other than for the purpose of evaluating a Transaction.  The Evaluation Material shall not, without the prior written consent of Summa, be disclosed to any person or entity other than your Representatives who need to know such information for the purpose of evaluating a Transaction (and in those instances only to the extent justifiable by that need), who are informed by you of the confidential nature of the Evaluation Material and who agree to be bound by this letter agreement.  In addition, you will not, and will direct your Representatives who are aware of your investigation of the Company not to, disclose to any person the existence of this letter agreement, that the Company is contemplating a sale, that discussions or negotiations are taking place concerning a possible Transaction between you and the Company or Summa, or any of the terms, conditions or other information with respect to any such possible Transaction including the status thereof.   In any event, you shall be responsible for any breach of this letter agreement by any of your Representatives and you agree, at your sole expense, to take all reasonable measures to restrain your Representatives from prohibited or unauthorized disclosure or use of the Evaluation Material.

If you or any of your Representatives are required by law to disclose Evaluation Material, you shall provide Summa with prompt written notice thereof, unless prohibited by law, so that the Company or Summa may seek a protective order or other appropriate remedy and shall cooperate with the Company and Summa in obtaining the same.  You will furnish only that portion of the Evaluation Material as, in the opinion of counsel, is legally required.  You will take all reasonable efforts to obtain reliable assurance that confidential treatment be accorded the disclosed Evaluation Material.

You acknowledge and agree that Summa reserves the right, in its sole and absolute discretion, to reject any or all proposals and to terminate discussions and negotiations regarding a Transaction with you at any time.  Summa reserves the right to negotiate with one or more prospective purchasers at any time and to enter into agreements with respect to transactions involving the Company and/or Summa without prior notice to you or any other party.

Title to the Evaluation Material shall remain in the Company.  At any time upon the request of the Company or Summa, you shall promptly redeliver to the Company or Summa, as directed, all written material containing or reflecting any information contained in the Evaluation Material (including all copies, extracts or other reproductions) and agree to destroy all documents, memoranda, notes and other writings whatsoever (including all copies, extracts or other reproductions), prepared by you or your Representatives based on the information contained in the Evaluation Material.  You shall promptly confirm such destruction to Summa in writing.  Notwithstanding the return or destruction of the Evaluation Material, you and your Representatives will continue to be bound by your obligations of confidentiality, non-use and

2




other obligations hereunder.

Although Summa has endeavored to include in the Evaluation Material information which it believes relevant for the purpose of your investigation, you understand that none of the Company, Summa nor any of their affiliates, agents or representatives makes any representation or warranty, either express or implied, as to the accuracy or completeness of the Evaluation Material.  You agree that none of the Company, Summa, nor any of their affiliates, agents or representatives shall have any liability to you or any of your Representatives resulting from the use of the Evaluation Material or any errors therein or omissions therefrom.  Only those representations or warranties which are made in a final definitive agreement regarding any Transaction, when, as and if executed, and subject to such limitations and restrictions as may be specified therein, will have any legal effect.  It is further understood that unless and until a final definitive agreement has been executed and delivered, neither you, the Company, Summa or their stockholders shall be under any legal or other obligation of any kind except for matters specifically agreed to in this letter.

You agree that for a period of three (3) years from the date hereof you will not recruit or solicit to employ, recommend for employment, induce to leave employment or employ any officer or employee of the Company with whom you come in contact during your due diligence investigation, without first obtaining the prior written consent of the Company; provided that nothing contained herein shall prevent you from employing any person who responds to a general media advertisement or non-directed search inquiry, or who makes an unsolicited contact for employment.

You acknowledge that Summa is a publicly-traded company and agree that, for a period of two (2) years from the date of this letter agreement, unless specifically invited in writing by the Company, neither you nor any of your affiliates (as such term is defined under the Securities Exchange Act of 1934, as amended (the “1934 Act”)) or Representatives will in any manner, directly or indirectly, (a) effect or seek, offer or propose (whether publicly or otherwise) to effect, or cause or participate in or in any way assist any other person to effect or seek, offer or propose (whether publicly or otherwise) to effect or participate in, (i) any acquisition of any securities (or beneficial ownership thereof) or assets of Summa or any of its subsidiaries; (ii) any tender or exchange offer, merger or other business combination involving Summa or any of its subsidiaries; (iii) any recapitalization, restructuring, liquidation, dissolution or other extraordinary transaction with respect to Summa or any of its subsidiaries; or (iv) any “solicitation” of “proxies” (as such terms are used in the proxy rules of the Securities and Exchange Commission) or consents to vote any voting securities of Summa; (b) form, join or in any way participate in a “group” (as defined under the 1934 Act) in connection with any securities of Summa, (c) otherwise act, alone or in concert with others, to seek to control or influence the management, Board of Directors or policies of Summa, (d) take any action which might force Summa to make a public announcement regarding any of the types of matters set forth in (a) above; or (e) enter into any discussions or arrangements with any third party with

3




respect to any of the foregoing.  You also agree during such period not to request Summa (or its directors, officers, employees or agents), directly or indirectly, to amend or waive any provision of this paragraph (including this sentence) or to take any action to require you or Summa to make a public announcement regarding the possibility of a business combination, merger sale or securities or similar transaction.

You further acknowledge that you are (i) aware that the United States securities laws prohibit any person who has material non-public information about a company from purchasing or selling securities of such company, or from communicating such information to any other person under circumstances in which it is reasonably foreseeable that such person is likely to purchase or sell such securities, and (ii) familiar with the 1934 Act and the rules and regulations promulgated thereunder, and agree that you will neither use, nor cause any third party to use, any Evaluation Materials in contravention of the 1934 Act or any such rules and regulations, including Rules 10b-5 and 14e-3.

It is further understood and agreed that money damages would not be a sufficient remedy for any breach of this letter agreement by you and that the Company and/or Summa would be entitled to specific performance and injunctive or other equitable relief as a remedy for any such breach.  Such remedy shall not be deemed to be the exclusive remedy for your breach of this letter agreement, but shall be in addition to all other remedies available at law or equity to the Company and Summa.  You shall be responsible to pay or reimburse the Company and Summa for any reasonable attorneys’ fees incurred by them in the event you breach or threaten to breach this letter agreement.

This letter agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to the principles of conflict of laws thereof.  In case any provision of this letter agreement shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions hereof shall not in any way be affected or impaired thereby.  You agree that any dispute under this letter agreement may be determined in the first instance by a court (Federal or state) of competent jurisdiction located within the State of Delaware, and you hereby submit and consent to such court’s exercise of jurisdiction.

This letter agreement shall be binding upon, and shall inure to the benefit of, you, the Company and Summa.  This letter agreement may not be assigned by any party without the prior written consent of the others.  This letter agreement contains the entire agreement between you, the Company and Summa concerning the confidentiality of the Evaluation Materials.  No modifications of this letter agreement or waiver of the terms and conditions hereof will be binding upon the Company, Summa or you, unless approved in writing by each party hereto.  It is further understood and agreed that no failure or delay in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any right, power or privilege hereunder.

4




Under no circumstances should the Company or any of its employees, customers, suppliers, competitors or lenders be contacted directly without the prior written consent of the underdsigned.  If you are in agreement with the foregoing, please so indicate by signing and returning one copy of this letter agreement, whereupon it will constitute our agreement with respect to the subject matter hereof.

Sincerely,

SUMMA INDUSTRIES

KVP HOLDINGS, INC.

KVP FALCON PLASTIC BELTING, INC.

 

By:

 

 

 

 

 

James R. Swartwout

 

 

 

President

 

 

Agreed and accepted this            day of December, 2004

Habasit Belting, Inc.

By:

 

 

 

 

 

Harry Cardillo, its President

 

 

5



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