-----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, UczepJDTSRJigZ47fJigpSUdHRb9nwaRUcqzrqyB1op0ik6wN4mQm1zKgJspKoOo tr+diDB7IxIerwGqTgF+4w== 0000950172-02-002004.txt : 20020912 0000950172-02-002004.hdr.sgml : 20020912 20020912164354 ACCESSION NUMBER: 0000950172-02-002004 CONFORMED SUBMISSION TYPE: SC TO-T/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20020912 GROUP MEMBERS: NRT INCORPORATED GROUP MEMBERS: TIMBER ACQUISITION CORPORATION SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DEWOLFE COMPANIES INC CENTRAL INDEX KEY: 0000888138 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE AGENTS & MANAGERS (FOR OTHERS) [6531] IRS NUMBER: 042895334 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-T/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-43086 FILM NUMBER: 02762759 BUSINESS ADDRESS: STREET 1: 80 HAYDEN AVE CITY: LEXINGTON STATE: MA ZIP: 02173 BUSINESS PHONE: 6178635858 MAIL ADDRESS: STREET 1: 30 HAYDEN AVE CITY: LEXINGTON STATE: MA ZIP: 02173 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DEWOLFE COMPANIES INC CENTRAL INDEX KEY: 0000888138 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE AGENTS & MANAGERS (FOR OTHERS) [6531] IRS NUMBER: 042895334 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-43086 FILM NUMBER: 02762760 BUSINESS ADDRESS: STREET 1: 80 HAYDEN AVE CITY: LEXINGTON STATE: MA ZIP: 02173 BUSINESS PHONE: 6178635858 MAIL ADDRESS: STREET 1: 30 HAYDEN AVE CITY: LEXINGTON STATE: MA ZIP: 02173 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CENDANT CORP CENTRAL INDEX KEY: 0000723612 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PERSONAL SERVICES [7200] IRS NUMBER: 060918165 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-T/A BUSINESS ADDRESS: STREET 1: 9 WEST 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2124131800 MAIL ADDRESS: STREET 1: 9 WEST 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: COMP U CARD INTERNATIONAL INC DATE OF NAME CHANGE: 19870914 FORMER COMPANY: FORMER CONFORMED NAME: CUC INTERNATIONAL INC /DE/ DATE OF NAME CHANGE: 19920703 SC TO-T/A 1 s454631.txt SC TO-T/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------------------------- Schedule TO (Amendment No. 2) Tender Offer Statement under Section 14(d)(1) or 13(e)(1) Of the Securities Exchange Act of 1934 and Schedule 13D (Amendment No. 1) Under the Securities Exchange Act of 1934 ---------------------------- The DeWolfe Companies, Inc. (Name of Subject Company (Issuer)) ---------------------------- Timber Acquisition Corporation NRT Incorporated Cendant Corporation (Name of Filing Persons (Offerors)) ---------------------------- Common Stock, par value $0.01 per share (Titles of Classes of Securities) ---------------------------- 252115100 (CUSIP Number of Class of Securities) ---------------------------- Eric J. Bock, Esq. Executive Vice President, Law and Corporate Secretary Cendant Corporation 9 West 57th Street New York, New York 10019 (212) 413-1800 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of the Filing Persons) ---------------------------- Copies to:
Thomas W. Greenberg, Esq. Kenneth D. Hoffert, Esq. Skadden, Arps, Slate, Meagher & Flom LLP Senior Vice President and General Counsel Four Times Square NRT Incorporated New York, New York 10036 339 Jefferson Road (212) 735-3000 Parsippany, New Jersey 07054 (973) 240-5000
CALCULATION OF FILING FEE ======================================|======================================== Transaction Valuation* | Amount of Filing Fee** - --------------------------------------|---------------------------------------- $149,497,774 | $13,754 ======================================|======================================== * Estimated for purposes of calculating the filing fee only. This calculation assumes the purchase of 5,730,225 shares of common stock of The DeWolfe Companies, Inc. (based on the number of shares outstanding as of July 31, 2002) at the tender offer price of $19.00 per share of common stock. The transaction value also includes the offer price of $19.00 less $6.068, which is the weighted average exercise price of outstanding options, multiplied by 3,141,316, the estimated number of options outstanding. ** The amount of the filing fee, calculated in accordance with Rule 0-11 of the Securities Exchange Act of 1934, as amended, equals 92/1,000,000 of 1% of the transaction valuation. |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 date of filing.
Amount Previously Paid: $13,754 Filing Parties: Timber Acquisition Corporation, NRT Incorporated and Cendant Corporation Form or Registration No.: Schedule TO Date Filed: August 14, 2002
|_| 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. |_| 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: |x| - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Cendant Corporation - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC; OO - ------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- 7. SOLE VOTING POWER None NUMBER OF ----------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 5,658,279 EACH ----------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH None ----------------------------------------------- 10. SHARED DISPOSITIVE POWER 5,658,279 - ------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,658,279 - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 98.6% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON NRT Incorporated - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS AF - ------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- 7. SOLE VOTING POWER None NUMBER OF ----------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 5,658,279 EACH ----------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH None ----------------------------------------------- 10. SHARED DISPOSITIVE POWER 5,658,279 - ------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,658,279 - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 98.6% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Timber Acquisition Corporation - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS AF - ------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts - ------------------------------------------------------------------------------- 7. SOLE VOTING POWER None NUMBER OF ----------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 5,658,279 EACH ----------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH None ----------------------------------------------- 10. SHARED DISPOSITIVE POWER 5,658,279 - ------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,658,279 - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 98.6% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------- This Amendment No. 2 ("Amendment") amends and supplements the Tender Offer Statement on Schedule TO (the "Schedule TO"), filed initially with the Securities and Exchange Commission (the "SEC") on August 14, 2002, relating to the tender offer by Timber Acquisition Corporation, a Massachusetts corporation ("Purchaser") and wholly owned subsidiary of NRT Incorporated ("Parent") and an indirect subsidiary of Cendant Corporation ("Cendant"), to purchase the outstanding shares (the "Shares") of common stock, par value $0.01 per share (the "Common Stock"), of The DeWolfe Companies, Inc., a Massachusetts corporation (the "Company"), at a purchase price of $19.00 per share, net to the seller in cash, without interest thereon. This Amendment also constitutes Amendment No. 1 to the Statement on Schedule 13D initially filed with the SEC on August 22, 2002, with respect to the acquisition by Purchaser of beneficial ownership of the Shares. Capitalized terms used and not otherwise defined herein shall have the meanings assigned to such terms in the Schedule TO or in the Offer to Purchase attached as Exhibit (a)(1)(A) thereto. Item 8. Interest in Securities of the Subject Company. Item 8 of the Schedule TO is hereby amended and supplemented to add to the end thereof the following: "The Offer expired at 12:00 midnight, New York City time, on Wednesday, September 11, 2002. Based on information provided by the Depositary to Cendant, Parent and Purchaser, as of the expiration of the Offer, a total of 5,658,279 Shares, representing approximately 98.6% of Company's issued and outstanding Shares (based on information provided by the Company's transfer agent that there were 5,739,144.9 Shares outstanding on such date), were validly tendered and not withdrawn, including 32,660 Shares tendered pursuant to notices of guaranteed delivery. On September 12, 2002, Purchaser accepted for purchase and payment all Shares validly tendered and not withdrawn pursuant to the Offer and issued a press release to that effect. A copy of such press release is attached hereto as Exhibit (a)(i)(N) and is incorporated herein by reference. As soon as practicable following the payment for the Shares tendered in the Offer, Parent intends to cause the Company to be merged with and into Purchaser as a Short-Form Merger without a vote of stockholders of the Company. In connection with such Merger, all outstanding Shares not validly tendered in the Offer (other than Shares held by the Company, Parent or any of their subsidiaries and other than Shares which are entitled to and properly exercise appraisal rights) will be converted into the right to receive $19.00 per share in cash, without interest." Item 12. Exhibits Item 12 of the Schedule TO is hereby amended and supplemented to add to the end thereof the following exhibit: "(a)(1)(N): Press Release, dated September 12, 2002, issued by Parent." SIGNATURES After due inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: September 12, 2002 TIMBER ACQUISITION CORPORATION By: /s/ Thomas J. Freeman ------------------------------- Name: Thomas J. Freeman Title: Senior Vice President and Assistant Treasurer NRT INCORPORATED By: /s/ Thomas J. Freeman ------------------------------- Name: Thomas J. Freeman Title: Senior Vice President CENDANT CORPORATION By: /s/ Eric J. Bock ------------------------------- Name: Eric J. Bock Title: Executive Vice President, Law and Corporate Secretary EX-99 3 release.txt EXHIBIT (A)(1)(N) - NEWS RELEASE NEWS RELEASE NRT - ------------------------------------------------------------------------------- CONTACT: Mark Panus, Director of Corporate Communications NRT INCORPORATED TEL: (973) 240-5041 339 JEFFERSON ROAD MOBILE: (973) 727-0982 PARSIPPANY, NJ 07054 E-MAIL: mark.panus@nrtinc.com www.nrtinc.com NRT Completes Tender Offer for The DeWolfe Companies, Inc. BOSTON, Mass. (September 12, 2002) -- NRT Incorporated, a subsidiary of Cendant Corporation (NYSE: CD), announced today the successful completion of the cash tender offer by its subsidiary, Timber Acquisition Corporation, at $19.00 per share, for all outstanding shares of common stock of The DeWolfe Companies, Inc. (AMEX: DWL). The tender offer expired at midnight on Wednesday, September 11, 2002. NRT has been advised by Mellon Investor Services LLC, the depositary for the tender offer, that as of the expiration of the tender offer a total of 5,658,279 shares, representing approximately 98.6 percent of DeWolfe's issued and outstanding shares had been validly tendered and not withdrawn. All validly tendered shares have been accepted for purchase and payment in accordance with the terms of the offer. Following the closing of the tender offer, NRT intends to merge DeWolfe into its subsidiary, and all shares of DeWolfe's common stock not purchased in the tender offer will be converted into the right to receive $19.00 per share in cash, without interest. This will complete NRT's acquisition of DeWolfe for a net purchase price of approximately $149 million. Following the closing of the merger, DeWolfe's operations will join together with NRT-owned Coldwell Banker Hunneman to create a combined organization that will operate as Coldwell Banker Residential Brokerage, the largest real estate and home services organization in New England. With more than 5,400 sales associates and employees in over 160 office locations, the company will serve real estate consumers throughout New England. On a combined basis, DeWolfe and Coldwell Banker Hunneman accounted for $13.9 billion in closed sales volume and over 44,000 closed transaction sides(1) in 2001. - -------- (1) A transaction side is defined as either the purchasing or the selling portion of a real estate sales transaction. (e.g., If a company represents the home buyer and the seller, it is credited with two closed transaction sides.) About NRT NRT Incorporated, a subsidiary of Cendant Corporation (NYSE: CD), is the nation's largest residential real estate brokerage company. NRT has more than 950 offices and 50,000 sales associates operating in 26 of the nation's largest metropolitan markets. In 2001, NRT posted a real estate industry record of $117 billion in closed sales volume. About Cendant Cendant Corporation (NYSE: CD) is primarily a provider of travel and residential real estate services. With approximately 70,000 employees, New York City-based Cendant provides these services to businesses and consumers in over 100 countries. More information about Cendant, its companies, brands and current SEC filings may be obtained by visiting the Company's Web site at www.Cendant.com or by calling 877-4INFO-CD (877-446-3623). This press release contains "forward-looking statements" within the meaning of federal securities law, including statements concerning business strategies and their intended results and similar statements concerning anticipated future events and expectations that are not historical facts. The forward-looking statements in this press release are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those expressed in or implied by the statements herein.
Media Contacts: Mark Panus, NRT Incorporated, (973) 240-5041 or mark.panus@nrtinc.com Jennifer Reese, Edelman Worldwide, (323) 202-1061 or jennifer.reese@edelman.com Investor Relations Contacts: Sam Levenson, Cendant Corporation, (212) 413-1834 or sam.levenson@cendant.com Henry A. Diamond, Cendant Corporation, (212) 413-1920 or henry.diamond@cendant.com
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