-----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, C0cKZlRLEfJAdbkU6RHkt4b2olpkKgmvoQHIAovXH0inZiqFcmw6Pw8JPBXEJk04 rkxMEch7UnmYjP+gmukhCg== 0000909518-03-000637.txt : 20030825 0000909518-03-000637.hdr.sgml : 20030825 20030825161253 ACCESSION NUMBER: 0000909518-03-000637 CONFORMED SUBMISSION TYPE: SC TO-C PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20030825 GROUP MEMBERS: BUSINESS INTERNET, INC. GROUP MEMBERS: INTERMEDIA COMMUNICATIONS INC. GROUP MEMBERS: INTERMEDIA INVESTMENT, INC. FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WORLDCOM INC CENTRAL INDEX KEY: 0000723527 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 581521612 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-C BUSINESS ADDRESS: STREET 1: 500 CLINTON CENTER DRIVE CITY: CLINTON STATE: MS ZIP: 39056 BUSINESS PHONE: 6014605600 FORMER COMPANY: FORMER CONFORMED NAME: MCI WORLDCOM INC DATE OF NAME CHANGE: 19980914 FORMER COMPANY: FORMER CONFORMED NAME: WORLDCOM INC /GA/ DATE OF NAME CHANGE: 19970127 FORMER COMPANY: FORMER CONFORMED NAME: LDDS COMMUNICATIONS INC /GA/ DATE OF NAME CHANGE: 19930916 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DIGEX INC/DE CENTRAL INDEX KEY: 0001085098 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 593582217 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-C SEC ACT: 1934 Act SEC FILE NUMBER: 005-57127 FILM NUMBER: 03864520 BUSINESS ADDRESS: STREET 1: DIGEX, INC STREET 2: 14400 SWEITZER LANE CITY: LAUREL STATE: MD ZIP: 20707 BUSINESS PHONE: 2402642000 MAIL ADDRESS: STREET 1: 12050 BALTIMORE AVE CITY: BELTSVILLE STATE: MD ZIP: 20705 SC TO-C 1 jd8-25_to.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 -------------------- SCHEDULE TO (RULE 14D-100) TENDER OFFER STATEMENT UNDER SECTION 14(D)(1) OR 13(E)(1) OF THE SECURITIES EXCHANGE ACT OF 1934 DIGEX, INCORPORATED --------------------------------- (Name of Subject Company (Issuer)) WORLDCOM, INC. INTERMEDIA COMMUNICATIONS INC. BUSINESS INTERNET, INC. INTERMEDIA INVESTMENT, INC. ---------------------------------------------------- (Names of Filing Persons (Offeror and Other Persons)) CLASS A COMMON STOCK, PAR VALUE $.01 PER SHARE ---------------------------------------------- (Title of Class of Securities) 253756 100 ------------------------------------ (CUSIP Number of Class of Securities) ANASTASIA KELLY SECRETARY WORLDCOM, INC. 22001 LOUDOUN COUNTY PARKWAY ASHBURN, VA 20147 (703) 886-5600 --------------------------------------------- (Name, Address and Telephone Numbers of Person Authorized to Receive Notices and Communications on Behalf of Filing Persons) Copies to: STEVEN D. RUBIN, ESQ. WEIL, GOTSHAL & MANGES, LLP 700 LOUISIANA, SUITE 1600 HOUSTON, TEXAS 77002 (713) 546-5000 CALCULATION OF FILING FEE -------------------------- --------------------------------- Transaction Valuation* Amount of Filing Fee* not applicable not applicable -------------------------- --------------------------------- * As the filing contains only preliminary communications made before the commencement of the tender offer, no filing fee is required. [ ] 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: Not applicable Filing Party: Not applicable Form or Registration No.: Not applicable Date Filed: Not applicable [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. [ ] issuer tender offer subject to Rule 13e-4. [X] going-private transaction subject to Rule 13e-3. [X] 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 Tender Offer Statement on Schedule TO is filed by WorldCom, Inc. ("WorldCom"). Pursuant to General Instruction D to Schedule TO, this Schedule TO relates to pre-commencement communications by WorldCom, Intermedia Communications Inc. ("Intermedia"), Business Internet, Inc. ("Business Internet") and Intermedia Investment, Inc. ("Intermedia Investment"). WorldCom has not yet commenced the offer that is referred to in this communication. Upon commencement of such offer, WorldCom, Intermedia, Business Internet and Intermedia Investment will file with the Securities and Exchange Commission a Schedule TO and related exhibits, including an Offer to Purchase, the Letter of Transmittal and other related documents. Stockholders are strongly encouraged to read the Schedule TO and related exhibits, including the Offer to Purchase, the Letter of Transmittal and other related documents, when these become available because they will contain important information about the offer. The Schedule TO and related exhibits will be available without charge at the Securities and Exchange Commission website at http://www.sec.gov and will be delivered without charge to all stockholders of Digex, Incorporated. ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 2) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO 13D-2(A) DIGEX, INCORPORATED ------------------- (Name of Issuer) CLASS A COMMON STOCK, PAR VALUE $0.01 PER SHARE CLASS B COMMON STOCK, PAR VALUE $0.01 PER SHARE ----------------------------------------------- (Title of Class of Securities) CLASS A COMMON STOCK: 253756 10 0 CLASS B COMMON STOCK: 369385 20 8 --------------------------------- (CUSIP Number) ANASTASIA KELLY SECRETARY WORLDCOM, INC. 22001 LOUDOUN COUNTY PARKWAY ASHBURN, VA 20147 (703) 886-5600 --------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) AUGUST 25, 2003 ------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box: [ ] (Continued on following pages) (Page 1 of 7 Pages) ================================================================================
- ---------------------------------------------- ---------------------------------------- CLASS A COMMON STOCK: 253756 10 0 SCHEDULE 13D PAGE 2 oF 7 PAGES CLASS B COMMON STOCK: 369385 20 8 - ---------------------------------------------- ---------------------------------------- - ------------- ---------------------------------------------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) WORLDCOM, INC. 58-1521612 - ------------- ------------------------------------------------------------------------------------------------------ --------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ------------- ---------------------------------------------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------- ---------------------------------------------------------------------------------------------------------------------- 4. SOURCES OF FUNDS CLASS A COMMON STOCK: WC, OO CLASS B COMMON STOCK: OO - ------------- ------------------------------------------------------------------------------------------------------ --------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [X] - ------------- -------------------------------------------------------------------------- ------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION GEORGIA - --------------------------- ---------- --------------------------------------------------------------------------------------------- NUMBER OF SHARES 7. SOLE VOTING POWER CLASS A COMMON STOCK: 39,350,000(1) CLASS B COMMON STOCK: 39,350,000(2) ---------- --------------------------------------------------------------------------------------------- BENEFICIALLY OWNED BY 8. SHARED VOTING POWER NONE ---------- --------------------------------------------------------------------------------------------- EACH REPORTING 9. SOLE DISPOSITIVE POWER CLASS A COMMON STOCK: 39,350,000(1) CLASS B COMMON STOCK: 39,350,000(2) ---------- --------------------------------------------------------------------------------------------- PERSON WITH 10. SHARED DISPOSITIVE POWER CLASS A COMMON STOCK: 730,995(3) - ------------- ---------------------------------------------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON CLASS A COMMON STOCK: 40,080,995(4) CLASS B COMMON STOCK: 39,350,000(2) - ------------- ------------------------------------------------------------------------------------------------------ --------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS BEFORE FILLING OUT) - ------------- ---------------------------------------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) CLASS A COMMON STOCK: 61.1%(4) CLASS B COMMON STOCK: 100.0%(2) - ------------- -------------------------------------------------------------------------- ------------------------------------------- 14. TYPE OF REPORTING PERSON CO - ------------- -------------------------------------------------------------------------- ------------------------------------------- (1) Represents shares of Class A Common Stock if shares of Class B Common Stock are converted. (2) Represents shares of Class B Common Stock held of record by Intermedia Investment, Inc., a wholly owned subsidiary of Business Internet, Inc., which is a wholly owned subsidiary of Intermedia Communications Inc., which is a directly owned subsidiary of WorldCom. (3) Represents shares of Class A Common Stock issuable upon conversion of 50,000 shares of Series A Convertible Preferred Stock owned directly by HPQ Holdings, LLC, a wholly owned subsidiary of Hewlett-Packard Company, which shares WorldCom has agreed to purchase pursuant to the terms of a Stock Purchase Agreement dated July 23, 2003, by and among WorldCom, Hewlett-Packard and HPQ Holdings. So long as the Stock Purchase Agreement is in effect, HPQ is prohibited from selling or otherwise transferring the Series A Convertible Preferred Stock. The acquisition by WorldCom of the Series A Convertible Preferred Stock remains subject to certain conditions. (See Items 4, 5 and 6 of this Schedule 13D). (4) Includes shares of Class A Common Stock if shares of Class B Common Stock are converted and shares of Class A Common Stock issuable upon conversion of 50,000 shares of Series A Convertible Preferred Stock owned by HPQ Holdings, LLC. See notes (1) and (3) above. - ---------------------------------------------- ---------------------------------------- CLASS A COMMON STOCK: 253756 10 0 SCHEDULE 13D PAGE 3 oF 7 PAGES CLASS B COMMON STOCK: 369385 20 8 - ---------------------------------------------- ---------------------------------------- - ------------- ---------------------------------------------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) INTERMEDIA COMMUNICATIONS INC. 59-2913586 - ------------- ------------------------------------------------------------------------------------------------------ --------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ------------- ---------------------------------------------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------- ---------------------------------------------------------------------------------------------------------------------- 4. SOURCES OF FUNDS CLASS A COMMON STOCK: OO CLASS B COMMON STOCK: OO - ------------- ------------------------------------------------------------------------------------------------------ --------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [X] - ------------- -------------------------------------------------------------------------- ------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - --------------------------- ---------- --------------------------------------------------------------------------------------------- NUMBER OF SHARES 7. SOLE VOTING POWER CLASS A COMMON STOCK: 39,350,000(1) CLASS B COMMON STOCK: 39,350,000(2) ---------- --------------------------------------------------------------------------------------------- BENEFICIALLY OWNED BY 8. SHARED VOTING POWER NONE ---------- --------------------------------------------------------------------------------------------- EACH REPORTING 9. SOLE DISPOSITIVE POWER CLASS A COMMON STOCK: 39,350,000(1) CLASS B COMMON STOCK: 39,350,000(2) ---------- --------------------------------------------------------------------------------------------- PERSON WITH 10. SHARED DISPOSITIVE POWER NONE - ------------- ---------------------------------------------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON CLASS A COMMON STOCK: 39,350,000(1) CLASS B COMMON STOCK: 39,350,000(2) - ------------- ------------------------------------------------------------------------------------------------------ --------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS BEFORE FILLING OUT) [ ] - ------------- ---------------------------------------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) CLASS A COMMON STOCK: 60.7%(1) CLASS B COMMON STOCK: 100.0%(2) - ------------- -------------------------------------------------------------------------- ------------------------------------------- 14. TYPE OF REPORTING PERSON CO - ------------- -------------------------------------------------------------------------- ------------------------------------------- (1) Represents shares of Class A Common Stock if shares of Class B Common Stock are converted. (2) Represents shares of Class B Common Stock held of record by Intermedia Investment, Inc., a wholly owned subsidiary of Business Internet, Inc., which is a wholly owned subsidiary of Intermedia Communications Inc. - ---------------------------------------------- ---------------------------------------- CLASS A COMMON STOCK: 253756 10 0 SCHEDULE 13D PAGE 4 oF 7 PAGES CLASS B COMMON STOCK: 369385 20 8 - ---------------------------------------------- ---------------------------------------- - ------------- ---------------------------------------------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) BUSINESS INTERNET, INC. 52-1986462 - ------------- ------------------------------------------------------------------------------------------------------ --------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ------------- ---------------------------------------------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------- ---------------------------------------------------------------------------------------------------------------------- 4. SOURCES OF FUNDS CLASS A COMMON STOCK: OO CLASS B COMMON STOCK: OO - ------------- ------------------------------------------------------------------------------------------------------ --------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [X] - ------------- -------------------------------------------------------------------------- ------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - --------------------------- ---------- --------------------------------------------------------------------------------------------- NUMBER OF SHARES 7. SOLE VOTING POWER CLASS A COMMON STOCK: 39,350,000(1) CLASS B COMMON STOCK: 39,350,000(2) ---------- --------------------------------------------------------------------------------------------- BENEFICIALLY OWNED BY 8. SHARED VOTING POWER NONE ---------- --------------------------------------------------------------------------------------------- EACH REPORTING 9. SOLE DISPOSITIVE POWER CLASS A COMMON STOCK: 39,350,000(1) CLASS B COMMON STOCK: 39,350,000(2) ---------- --------------------------------------------------------------------------------------------- PERSON WITH 10. SHARED DISPOSITIVE POWER NONE - ------------- ---------------------------------------------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON CLASS A COMMON STOCK: 39,350,000(1) CLASS B COMMON STOCK: 39,350,000(2) - ------------- ------------------------------------------------------------------------------------------------------ --------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS BEFORE FILLING OUT) [ ] - ------------- ---------------------------------------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) CLASS A COMMON STOCK: 60.7%(1) CLASS B COMMON STOCK: 100.0%(2) - ------------- -------------------------------------------------------------------------- ------------------------------------------- 14. TYPE OF REPORTING PERSON CO - ------------- -------------------------------------------------------------------------- ------------------------------------------- (1) Represents shares of Class A Common Stock if shares of Class B Common Stock are converted. (2) Represents shares of Class B Common Stock held of record by Intermedia Investment, Inc., which is a wholly owned subsidiary of Business Internet, Inc. - ---------------------------------------------- ---------------------------------------- CLASS A COMMON STOCK: 253756 10 0 SCHEDULE 13D PAGE 5 OF 7 PAGES CLASS B COMMON STOCK: 369385 20 8 - ---------------------------------------------- ---------------------------------------- - ------------- ---------------------------------------------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) INTERMEDIA INVESTMENT, INC. 59-3677137 - ------------- ------------------------------------------------------------------------------------------------------ --------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ------------- ---------------------------------------------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------- ---------------------------------------------------------------------------------------------------------------------- 4. SOURCES OF FUNDS CLASS A COMMON STOCK: OO CLASS B COMMON STOCK: OO - ------------- ------------------------------------------------------------------------------------------------------ --------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [X] - ------------- -------------------------------------------------------------------------- ------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - --------------------------- ---------- --------------------------------------------------------------------------------------------- NUMBER OF SHARES 7. SOLE VOTING POWER CLASS A COMMON STOCK: 39,350,000(1) CLASS B COMMON STOCK: 39,350,000 ---------- --------------------------------------------------------------------------------------------- BENEFICIALLY OWNED BY 8. SHARED VOTING POWER NONE ---------- --------------------------------------------------------------------------------------------- EACH REPORTING 9. SOLE DISPOSITIVE POWER CLASS A COMMON STOCK: 39,350,000(1) CLASS B COMMON STOCK: 39,350,000 ---------- --------------------------------------------------------------------------------------------- PERSON WITH 10. SHARED DISPOSITIVE POWER NONE - ------------- ---------------------------------------------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON CLASS A COMMON STOCK: 39,350,000(1) CLASS B COMMON STOCK: 39,350,000 - ------------- ------------------------------------------------------------------------------------------------------ --------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS BEFORE FILLING OUT) [ ] - ------------- ---------------------------------------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) CLASS A COMMON STOCK: 60.7%(1) CLASS B COMMON STOCK: 100.0% - ------------- -------------------------------------------------------------------------- ------------------------------------------- 14. TYPE OF REPORTING PERSON CO - ------------- -------------------------------------------------------------------------- ------------------------------------------- (1) Represents shares of Class A Common Stock if shares of Class B Common Stock are converted.
- ----------------------------------- --------------------------- CLASS A COMMON STOCK: 253756 10 0 SCHEDULE 13D PAGE 6 oF 7 PAGES CLASS B COMMON STOCK: 369385 20 8 - ----------------------------------- --------------------------- ITEM 1. SECURITY AND ISSUER This statement constitutes Amendment No. 2 to the Statement on Schedule 13D (the "Schedule 13D") filed with the Securities and Exchange Commission by WorldCom, Inc. ("WorldCom") for and on behalf of itself, Intermedia Communications Inc. ("Intermedia"), Business Internet, Inc. ("Business Internet") and Intermedia Investment, Inc. ("Intermedia Investment" and, collectively with WorldCom, Intermedia and Business Internet, the "Reporting Persons"). This statement relates to the Class A Common Stock, par value $.01 per share (the "Class A Stock"), of Digex, Incorporated ("Digex"). Digex's principal executive offices are located at 14400 Sweitzer Lane, Laurel, MD 20707. Unless otherwise set forth herein, the information set forth in the Schedule 13D remains unchanged. Unless otherwise indicated, all capitalized terms used herein have the meanings ascribed to them in the Schedule 13D as heretofore amended. ITEM 4. PURPOSE OF TRANSACTION On the date hereof, WorldCom presented a letter to the Chairman of the Special Committee of the Board of Directors of Digex, comprised of directors independent of WorldCom, Intermedia, Business Internet and Intermedia Investment, that advised Digex that, subject to the Bankruptcy Court's authorization and approval therefor, WorldCom intends to make a tender offer for all of the outstanding shares of Class A Stock at a cash purchase price of $0.80 per share. In the letter, WorldCom requested that the Special Committee make a formal recommendation of its offer and obtain final evaluations of such offer from the Special Committee's financial and legal advisors. WorldCom noted in such letter that the other terms of its proposal remain unchanged from those set forth in its letter to the Chairman of the Special Committee dated July 24, 2003. A copy of the August 25, 2003 letter to the Chairman of the Special Committee is attached hereto as Exhibit 1 and incorporated herein by reference. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER On the date hereof, WorldCom provided the letter to the Chairman of the Special Committee of the Board of Directors of Digex as described in Item 4 above and requested that the Special Committee make a formal recommendation of its offer and obtain final evaluations of such offer from the Special Committee's financial and legal advisors. The other terms of WorldCom's proposed offer remain unchanged from those previously provided to the Special Committee. ITEM 7. MATERIALS TO BE FILED AS EXHIBITS 1. Letter dated August 25, 2003, from WorldCom, Inc. to the Special Committee of the Board of Directors of Digex, Incorporated. - ----------------------------------- --------------------------- CLASS A COMMON STOCK: 253756 10 0 SCHEDULE 13D PAGE 7 OF 7 PAGES CLASS B COMMON STOCK: 369385 20 8 - ----------------------------------- --------------------------- SIGNATURE After reasonable 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: August 25, 2003 WORLDCOM, INC. By: /s/ Robert T. Blakely -------------------------------------- Name: Robert T. Blakely Title: Executive Vice President and Chief Financial Officer INTERMEDIA COMMUNICATIONS INC. By: /s/ Paul M. Eskildsen -------------------------------------- Name: Paul M. Eskildsen Title: Secretary BUSINESS INTERNET, INC. By: /s/ Paul M. Eskildsen -------------------------------------- Name: Paul M. Eskildsen Title: Secretary INTERMEDIA INVESTMENT, INC. By: /s/ Paul M. Eskildsen ------------------------------------- Name: Paul M. Eskildsen Title: Secretary EX-99 3 jd8-25ex_1.txt 1 Exhibit 1 WorldCom, Inc. 22001 Loudoun County Parkway Ashburn, VA 20147 August 25, 2003 Digex, Incorporated 14400 Sweitzer Lane Laurel, MD 20707 Attn: Max D. Hopper Chairman, Special Committee of the Board of Directors Re: Potential Tender Offer for Class A Common Stock of Digex, Incorporated Dear Mr. Hopper: In reference to your letter to Jonathan Crane dated August 5, 2003 (the "August 5th Letter"), please note that on August 21, 2003 WorldCom, Inc. ("MCI") made an application with the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court") seeking the Bankruptcy Court's authorization and approval to acquire all of the outstanding shares of Class A Common Stock, par value $.01 per share (the "Class A Common Stock"), of Digex, Incorporated (the "Company") not beneficially owned by MCI and its subsidiaries at an increased cash purchase price of $0.80 per share. The other terms of our proposal remain unchanged from those set forth in my letter to you dated July 24, 2003. Subject to the Bankruptcy Court's authorization and approval, MCI intends to make a tender offer for all of the outstanding shares of Class A Common Stock at such $0.80 per share purchase price. Therefore, MCI hereby requests that the Special Committee make a formal recommendation of such offer and obtain final evaluations of such offer from the Special Committee's financial and legal advisors. We are prepared to meet with you to review and discuss our revised proposal, if so required. Our offer, if and when made, would involve required filings with the Securities and Exchange Commission and the mailing of appropriate materials to the public stockholders of Digex. Digex's stockholders should read the tender offer statement on Schedule TO (including a "going private" statement on Schedule 13E-3) to be filed by MCI, which such stockholders will be able to obtain free of charge from the Securities and Exchange Commission's website at http://www.sec.gov or from MCI by directing a request to WorldCom, Inc., 22001 Loudoun County Parkway, Ashburn, VA 20147. Please be advised that we intend to disclose this revised proposal in an Amendment to our Schedule 13D relating to shares of Class A Common Stock, as required by law. We also intend to file this letter under cover of Schedule TO as a preliminary communication in accordance with Rule 14d-2(b) under the Securities Exchange Act of 1934, as amended. We appreciate your consideration of our revised proposal and look forward to your response. Very truly yours, WorldCom, Inc. By: /s/ Robert T. Blakely -------------------------------- Robert T. Blakely Executive Vice President and Chief Financial Officer cc: Board of Directors of Digex, Incorporated -----END PRIVACY-ENHANCED MESSAGE-----