-----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, QGX0oG4cI3Q0THYqGwm9l8M7eMtQxpiDrM/pbilKeJDhY1VY1YOvgus0JMNp/Bku SeZBlLc931dx+vUD6nM0eg== 0000950153-03-000858.txt : 20030428 0000950153-03-000858.hdr.sgml : 20030428 20030428170706 ACCESSION NUMBER: 0000950153-03-000858 CONFORMED SUBMISSION TYPE: SC TO-T/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20030428 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WEGENER CORP CENTRAL INDEX KEY: 0000715073 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 810371341 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC TO-T/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-34620 FILM NUMBER: 03667294 BUSINESS ADDRESS: STREET 1: 11350 TECHNOLOGY CIRCLE CITY: DULUTH STATE: GA ZIP: 30136-1528 BUSINESS PHONE: 4046230096 MAIL ADDRESS: STREET 1: 11350 TECHNOLOGY CIRCLE CITY: DULUTH STATE: GA ZIP: 30136-1528 FORMER COMPANY: FORMER CONFORMED NAME: TELECRAFTER CORP DATE OF NAME CHANGE: 19890718 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RADYNE COMSTREAM INC CENTRAL INDEX KEY: 0000718573 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 112569467 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-T/A BUSINESS ADDRESS: STREET 1: 3138 E ELWOOD ST CITY: PHOENIX STATE: AZ ZIP: 85034 BUSINESS PHONE: 6024379620 MAIL ADDRESS: STREET 1: 3138 EAST ELWOOD STREET CITY: PHOENIX STATE: AZ ZIP: 85034 FORMER COMPANY: FORMER CONFORMED NAME: RADYNE CORP DATE OF NAME CHANGE: 19920703 SC TO-T/A 1 p67763sctovtza.htm SC TO-T/A sctovtza
Table of Contents

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE TO-T/A

TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) or 13(e)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)

WEGENER CORPORATION

(Name of Subject Company (Issuer))

RADYNE COMSTREAM INC.
WC ACQUISITION CORP.

(Name of Filing Person (Offeror))

Common Stock, $.01 Par Value Per Share
(Title of Class of Securities)

948585104
(CUSIP Number of Class of Securities)

Richard P. Johnson
Chief Financial Officer
Radyne ComStream Inc.
3138 E. Elwood Street
Phoenix, Arizona 85034
(602) 437-9620

(Name, address and telephone number of person authorized
to receive notices and communications on behalf of filing person)

Copy to:
Steven D. Pidgeon, Esq.
Snell & Wilmer L.L.P.
One Arizona Center
Phoenix, Arizona 85004-2202
(602) 382-6300

CALCULATION OF FILING FEE

         
TRANSACTION VALUATION*   AMOUNT OF FILING FEE**

 
$21,207,373.00     $1,715.68  

 

*   Estimated for purposes of calculating the amount of the filing fee only. This amount assumes the purchase of (i) 12,341,751 shares of the common stock, par value $0.01, of Wegener Corporation, representing all of the outstanding shares of such class as of March 13, 2003 (less 100 shares of such class owned by WC Acquisition Corp.) and (ii)

 


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    1,340,425 shares reserved for issuance upon the exercise of outstanding options to purchase common stock.
 
**   The amount of the filing fee, calculated in accordance with Rule 0-11(a)(2) of the Securities and Exchange Act of 1934, as supplemented by Securities & Exchange Commission Fee Rate Advisory #11 for Fiscal Year 2003, equals .00008090 multiplied by the transaction value.
 
[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:  $1,715.68   Filing Party:   Radyne ComStream Inc./
WC Acquisition Corp.
Form or Registration No.:    Schedule TO-T   Date Filed:   April 23, 2003

[   ]   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 Rules 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: [   ]

2


Item 5. Past Contacts, Transactions, Negotiations and Agreements.
Item 12. Exhibits.
SIGNATURE
EXHIBIT INDEX
EX-(a)(12)


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     This Amendment No. 2 to the Tender Offer Statement on Schedule TO (the “Schedule TO”), filed with the Securities and Exchange Commission on April 23, 2003, relates to an offer by WC Acquisition Corp., a Delaware corporation (the “Purchaser”) and a wholly owned subsidiary of Radyne ComStream Inc., a Delaware corporation (“Radyne ComStream”), to purchase all outstanding shares of common stock, par value $.01 per share (the “Shares”), of Wegener Corporation, a Delaware corporation (“Wegener”), at a purchase price of $1.55 per Share, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated April 23, 2003 (the “Offer to Purchase”), and in the related Letter of Transmittal (which, as amended, modified or supplemented from time to time, together constitute the “Offer”).

     The information in the Offer to Purchase and the related Letter of Transmittal is incorporated in this Amendment No. 2 to the Schedule TO by reference to all of the applicable items in the Schedule TO, except as such information is hereby amended and supplemented to the extent specifically provided herein.

     Capitalized terms used and not defined herein have the meanings specified in the Offer to Purchase and the Schedule TO.

     The item numbers and responses thereto below are in accordance with the requirements of Schedule TO.

Item 5. Past Contacts, Transactions, Negotiations and Agreements.

The following is hereby added to the end of Section 11— “Contacts and Transactions with Wegener; Background of the Offer” of the Offer to Purchase:

     On April 28, 2003, Radyne ComStream announced that it has filed complaints against Wegener Corporation and Wegener’s board of directors in both Delaware Chancery Court and the United States District Court for the District of Delaware in connection with Radyne ComStream’s pending tender offer for all shares of Wegener Common Stock. In addition, Radyne ComStream has delivered to Wegener a draft merger agreement with a request that Wegener’s board reconsider engaging in substantive discussions involving a negotiated business transaction. The full text of a press release issued by Radyne ComStream on April 28, 2003 announcing the litigation against Wegener and the request for reconsideration by Wegener’s board of a negotiated merger is filed as Exhibit (a)(12) hereto and is incorporated herein by reference.

Item 12. Exhibits.

Item 12 is hereby amended and supplemented to add the following exhibits:

  (a)   (12) Press Release issued by Radyne ComStream, dated April 28, 2003.

3


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SIGNATURE

     After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Schedule TO is true, complete and correct.

Dated:   April 28, 2003

         
    RADYNE COMSTREAM INC.
         
    By:   /s/ Robert C. Fitting
       
        Robert C. Fitting
Chief Financial Officer
         
    WC ACQUISITION CORP.
         
    By:   /s/ Robert C. Fitting
       
        Robert C. Fitting
President

4


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EXHIBIT INDEX

     
EXHIBIT NO.   DESCRIPTION

 
(a)(1)   Offer to Purchase, dated April 23, 2003*
     
(a)(2)   Form of Letter of Transmittal*
     
(a)(3)   Notice of Guaranteed Delivery*
     
(a)(4)   Letter to Brokers, Dealers, Commercial Banks, Trust Companies, Commercial Banks and Other Nominees*
     
(a)(5)   Form of Letter to Clients for Use by Brokers, Dealers, Trust Companies, Commercial Banks, and Other Nominees*
     
(a)(6)   Guidelines for Certification of Taxpayer Identification Number on Substitute Form W-9*
     
(a)(7)   Summary Advertisement as published on April 23, 2003 and appearing in the New York Times and the Atlanta Journal-Constitution*
     
(a)(8)   Press Release issued by Radyne ComStream, dated April 21, 2003*
     
(a)(9)   Letter to Wegener Corporation Stockholders, dated April 23, 2003*
     
(a)(10)   Complaint filed in the United States District Court for the District of Delaware on April 24, 2003*
     
(a)(11)   Complaint filed in the Chancery Court, New Castle County, Delaware on April 24, 2003*
     
(a)(12)   Press Release issued by Radyne ComStream, dated April 28, 2003.
     
(b)   None
     
(d)   Not applicable
     
(g)   Not applicable
     
(h)   Not applicable


*   previously filed

5 EX-99.A.12 3 p67763exv99waw12.htm EX-(A)(12) exv99waw12

 

Exhibit (a)(12)

     
(RADTNE CONSTREAM LOGO)   PRESS RELEASE

Radyne ComStream Initiates Litigation Against Wegener and Its Board


Reiterates Request For Discussions On Negotiated Transaction

PHOENIX, AZ - April 28, 2003 — Radyne ComStream Inc. (Nasdaq: RADN; Warrants: RADNW), today announced that it has filed complaints against Wegener Corporation (Nasdaq: WGNR) and Wegener’s board of directors in both Delaware Chancery Court and the United States District Court for the District of Delaware in connection with Radyne ComStream’s pending tender offer for all shares of Wegener Common Stock, $.01 per share, for $1.55 per share (the “Offer”). In addition, Radyne ComStream has delivered to Wegener a draft merger agreement with a request that Wegener’s board reconsider engaging in substantive discussions involving a negotiated business transaction.

Litigation in Delaware

The litigation in the Delaware Chancery Court is seeking, among other things, to:

  compel Wegener’s directors to approve the Offer and a subsequent merger for purposes of Section 203 of the General Corporation Law of the State of Delaware and to enjoin them from taking any action to enforce or to apply Section 203 that would impede the Offer and a subsequent merger;
 
  enjoin Wegener from adopting or employing any other defensive measures, or taking any action designed to impede the Offer or a subsequent merger; and
 
  enjoin Wegener and its directors from taking any action to delay or impede the voting rights of Wegener’s stockholders.

The litigation in the Delaware Federal Court is seeking a declaratory judgment that Radyne ComStream has disclosed all information required by, and is otherwise in compliance with, the applicable federal securities laws, rules and regulations, as well as an injunction to enjoin Wegener from making any false or misleading statements with respect to the Offer.

Request for Negotiations

Radyne ComStream has provided Wegener and its counsel with a draft of a merger agreement and a request that Wegener’s board of directors reconsider engaging in substantive discussions concerning a negotiated transaction with Radyne ComStream.

Bob Fitting, Radyne ComStream’s CEO, commented “We remain committed to our offer to Wegener stockholders, and the filing of this litigation is intended to afford them every opportunity to sell their shares at the substantial premium we are offering.”

He added, “On the other hand, if Wegener’s board of directors would like to discuss a negotiated transaction, especially as to the back-end merger, we remain open to that approach.”

Notice for Wegener Stockholders

This press release is neither an offer to purchase nor a solicitation of an offer to sell securities. The tender offer is being made only through an offer to purchase and related letter of transmittal, each of which were filed with the Securities and Exchange Commission on April 23, 2003. Wegener stockholders and other interested parties are urged to read Radyne ComStream’s tender offer statement and other relevant documents filed with the SEC because they will contain important information. Investors and

 


 

stockholders may obtain a free copy of these statements and other relevant documents at the SEC’s Web site, www.sec.gov, or from Radyne ComStream Inc. at 3138 East Elwood Street Phoenix, AZ 85034, Attn: Investor Relations.

About Radyne ComStream

Radyne ComStream designs, manufactures, sells, integrates and installs products, systems and software used for the transmission and reception of data and video over satellite, microwave and cable communication networks. The company, through the Tiernan subsidiary (www.tiernan.com), is a supplier of HDTV and SDTV encoding and transmission equipment. The Armer subsidiary (www.armercom.com) provides innovative solutions for the integration and installation of turnkey communications systems. The company has offices in the U.S. located in Phoenix, San Diego and Boca Raton, and internationally in Singapore, Beijing, Jakarta and London. The company also has sales and/or service centers in Rio de Janeiro, Bangalore, Shanghai and Moscow. For more information visit our web site at www.radn.com.

Contact: Rich Johnson, Chief Financial Officer, Radyne ComStream, 602.437.9620

Safe Harbor Paragraph for Forward-Looking Statements

This press release includes statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Reform Act”) and Radyne ComStream claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. These forward-looking statements are often characterized by the terms “may,” “believes,” “projects,” “expects,” “intends” or “anticipates,” and do not reflect historical facts. Specific forward-looking statements contained in this press release include, but are not limited to those that relate to consummation of the tender offer and any subsequent merger, together with any other statements that are not historical. These statements are based on management’s current expectations and involve risks and uncertainties which include whether the conditions to the tender offer will be satisfied, and the application of certain anti-takeover provisions contained in Wegener Corporation’s Certificate of Incorporation and in the Delaware General Corporation Laws. Radyne ComStream wishes to caution the reader that these factors, as well as other factors described in Radyne ComStream’s SEC filings, are among the factors that could cause actual results to differ materially from the expectations described in the forward-looking statements.

Other factors that may affect forward-looking statements and the Company’s business generally include but are not limited to:

    Radyne ComStream’s failure to obtain at least a majority of Wegener’s outstanding shares of common stock in the tender offer;
 
    Radyne ComStream’s inability to remove or overcome defensive measures that are currently existing or that are implemented by Wegener’s board of directors;
 
    Prospects of the international markets and global economy given that Radyne ComStream depends heavily on international sales.
 
    A downturn in the evolving telecommunications and Internet industries.
 
    Risk factors and cautionary statements made in Radyne ComStream’s Annual Report on Form 10-K for the period ended December 31, 2002.
 
    The effect that acts of international terrorism may have on Radyne ComStream’s ability to ship products abroad.
 
    Other factors that Radyne ComStream is currently unable to identify or quantify, but may exist in the future.

 


 

Forward-looking statements speak only as of the date the statement was made. Radyne ComStream does not undertake and specifically declines any obligation to update any forward-looking statements.

###

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