-----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, O97BLCOoaAC4/Z1YBEmKG/XY5yXYQ+aHm+61LqumUxR7uH0LBTIMmfc8hQ5L8wx3 mHb9wh641KXO2t6iNRgq5g== 0000950137-06-008838.txt : 20060808 0000950137-06-008838.hdr.sgml : 20060808 20060808142102 ACCESSION NUMBER: 0000950137-06-008838 CONFORMED SUBMISSION TYPE: SC TO-I/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20060808 DATE AS OF CHANGE: 20060808 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LAIDLAW INTERNATIONAL INC CENTRAL INDEX KEY: 0000737874 STANDARD INDUSTRIAL CLASSIFICATION: LOCAL & SUBURBAN TRANSIT & INTERURBAN HWY PASSENGER TRAINS [4100] IRS NUMBER: 980390488 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC TO-I/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-37254 FILM NUMBER: 061012365 BUSINESS ADDRESS: STREET 1: 55 SHUMAN BLVD. STREET 2: SUITE 400 CITY: NAPERVILLE STATE: IL ZIP: 60563 BUSINESS PHONE: 6308483000 MAIL ADDRESS: STREET 1: 55 SHUMAN BLVD. STREET 2: SUITE 400 CITY: NAPERVILLE STATE: IL ZIP: 60563 FORMER COMPANY: FORMER CONFORMED NAME: LAIDLAW INC DATE OF NAME CHANGE: 19941215 FORMER COMPANY: FORMER CONFORMED NAME: LAIDLAW TRANSPORTATION LTD DATE OF NAME CHANGE: 19900118 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LAIDLAW INTERNATIONAL INC CENTRAL INDEX KEY: 0000737874 STANDARD INDUSTRIAL CLASSIFICATION: LOCAL & SUBURBAN TRANSIT & INTERURBAN HWY PASSENGER TRAINS [4100] IRS NUMBER: 980390488 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC TO-I/A BUSINESS ADDRESS: STREET 1: 55 SHUMAN BLVD. STREET 2: SUITE 400 CITY: NAPERVILLE STATE: IL ZIP: 60563 BUSINESS PHONE: 6308483000 MAIL ADDRESS: STREET 1: 55 SHUMAN BLVD. STREET 2: SUITE 400 CITY: NAPERVILLE STATE: IL ZIP: 60563 FORMER COMPANY: FORMER CONFORMED NAME: LAIDLAW INC DATE OF NAME CHANGE: 19941215 FORMER COMPANY: FORMER CONFORMED NAME: LAIDLAW TRANSPORTATION LTD DATE OF NAME CHANGE: 19900118 SC TO-I/A 1 c07220a5sctoviza.htm AMENDMENT TO TENDER OFFER sctoviza
 

 
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE TO
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR SECTION 13(e)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 5)
LAIDLAW INTERNATIONAL, INC.
(Name of Issuer)
LAIDLAW INTERNATIONAL, INC.
(Name of Filing Person (Offeror))
Common Stock, $0.01 par value
(including the associated preferred share purchase rights attached thereto)
(Title of Class of Securities)
50730R102
(CUSIP Number of Class of Securities)
Beth Byster Corvino, Esq.
Executive Vice President, General Counsel
and Corporate Secretary
Laidlaw International, Inc.
55 Shuman Boulevard, Suite 400
Naperville, Illinois 60563
(630) 848-3000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications
on Behalf of the Filing Person(s))
Copy to:
Richard S. Meller, Esq.
Latham & Watkins
233 S. Wacker Drive, Suite 5800
Chicago, Illinois 60606
(312) 876-7700
CALCULATION OF FILING FEE
     
Transaction valuation*   Amount of filing
    fee**
$427,500,000
  $45,742.50
*   Calculated solely for the purpose of determining the filing fee, based upon the purchase of 15,000,000 shares of common stock, $0.01 par value, at the maximum tender offer price of $28.50 per share.
 
**   The amount of filing fee was calculated at a rate of $107.00 per $1,000,000 of the transaction value. It was calculated by multiplying the transaction value by 0.000107.
þ     Check 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:$45,742.50
  Filing party: Laidlaw International, Inc.
Form or Registration No.: Schedule TO-I
  Date Filed: July 10, 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:
  o   third-party tender offer subject to Rule 14d-1
  þ   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
 
 

 


 

     This Amendment No. 5 to Tender Offer Statement on Schedule TO (“Amendment No. 5”) relates to the offer by Laidlaw International, Inc., a Delaware corporation (“Laidlaw”) to purchase up to 15,000,000 shares, or such lesser number of shares as are properly tendered, of its common stock, $0.01 par value, including the associated preferred share purchase rights issued pursuant to the Rights Agreement, dated June 23, 2003, by and between Laidlaw and Wells Fargo Bank Minnesota, National Association, as Rights Agent, at a price not greater than $28.50 nor less than $25.50 per share, net to the seller in cash, without interest, as specified by shareholders tendering their shares. Laidlaw’s offer is being made upon the terms and subject to the conditions set forth in the Offer to Purchase dated July 10, 2006 and in the related Letter of Transmittal, which, as amended or supplemented from time to time, together constitute the tender offer. This Amendment No. 5 amends and supplements the Tender Offer Statement on Schedule TO filed by Laidlaw on July 10, 2006 (as amended, the “Schedule TO”) as set forth below. This Amendment No. 5 to Schedule TO is intended to satisfy the reporting requirements of Rule 13e-4 under the Securities Exchange Act of 1934, as amended.
     The information in the Offer to Purchase and the related Letter of Transmittal, copies of which previously were filed on Schedule TO as Exhibits (a)(1)(i) and (a)(1)(ii) thereto, respectively, is incorporated herein by reference in answer to Items 1 through 11 in Schedule TO except that such information is hereby amended and supplemented to the extent specifically provided herein.
Item 11. Additional Information.
     Item 11 of Schedule TO, which incorporates by reference the information contained in the Offer to Purchase, is hereby amended and supplemented by adding the following:
     On August 8, 2006, the Company issued a press release announcing the preliminary results of the tender offer, which expired at 5:00 p.m., New York City time, on Monday, August 7, 2006. A copy of the press release is filed as Exhibit (a)(5)(x) to this Schedule TO and is incorporated herein by reference.

 


 

Item 12.  Exhibits.
    Item 12 of Schedule TO is hereby amended and supplemented by adding the following:
   (a)(5)(x)   Press Release, dated August 8, 2006.

 


 

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.
         
Dated: August 8, 2006 LAIDLAW INTERNATIONAL, INC.
 
 
  By   /s/ Beth Byster Corvino   
    Name:   Beth Byster Corvino   
    Title:   Executive Vice President, General Counsel and Corporate Secretary   

 


 

         
EXHIBIT INDEX
     
EXHIBIT    
NUMBER   DESCRIPTION
(a)(1)(i)
  Offer to Purchase, dated July 10, 2006.*
 
   
(a)(1)(ii)
  Letter of Transmittal.*
 
   
(a)(1)(iii)
  Notice of Guaranteed Delivery.*
 
   
(a)(1)(iv)
  Letter to Shareholders, dated July 10, 2006.*
 
   
(a)(1)(v)
  Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.*
 
   
(a)(1)(vi)
  Letter to Clients for use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.*
 
   
(a)(2)-(4)
  Not applicable.
 
   
(a)(5)(i)
  Press Release, dated July 10, 2006.*
 
   
(a)(5)(ii)
  Summary Advertisement, dated July 10, 2006.*
 
   
(a)(5)(iii)
  Questions and Answers for employees regarding stock buy back.*
 
   
(a)(5)(iv)
  Letter to employees regarding stock buy back.*
 
   
(a)(5)(v)
  Memo to Equity Plan Participants about participation in the tender offer.**
 
   
(a)(5)(vi)
  Notice to Canadian holders and related certification, dated July 13, 2006.***
 
   
(a)(5)(vii)
  Submission to Jurisdiction and Appointment of Agent for Service of Process, dated July 13, 2006.***
 
   
(a)(5)(viii)
  Report under Section 189.1.3 of the Regulations pursuant to Section 147.21(2) of the Securities Act (Quebec), R.S.Q., c. V-1.1, as amended, dated July 13, 2006.***
 
   
(a)(5)(ix)
  Certificate of Eligibility, dated July 13, 2006.***
 
   
(a)(5)(x)
  Press Release, dated August 8, 2006.
 
   
(b)
  Commitment Letter dated July 5, 2006, by and among Laidlaw International, Inc., Citigroup Global Markets Inc., UBS Securities LLC and Morgan Stanley Senior Funding, Inc.*
 
   
(b)(2)
  Credit Agreement dated July 31, 2006 by and among Laidlaw International, Inc., Citigroup Global Markets Inc., UBS Securities LLC and Morgan Stanley Senior Funding, Inc.****
 
   
(d)
  Rights Agreement, dated June 23, 2003, by and between Laidlaw International, Inc. and Wells Fargo Bank Minnesota, National Association, as Rights Agent (filed as Exhibit 4.3 to the Form 8-K filed on July 9, 2003 and incorporated herein by reference).*
 
   
(g)
  Not applicable.
 
   
(h)
  Not applicable.
 
*   Previously filed on Schedule TO-I on July 10, 2006.
 
**   Previously filed on Amendment No. 1 to Schedule TO-I on July 11, 2006.
 
***   Previously filed on Amendment No. 2 to Schedule TO-I on July 14, 2006.
 
****   Previously filed on Amendment No. 4 to Schedule TO-I on July 31, 2006.

 

EX-99.(A)(5)(X) 2 c07220a5exv99wxayx5yxxy.htm PRESS RELEASE exv99wxayx5yxxy
 

Exhibit (a)(5)(x)
(LAIDLAW LOGO)
LAIDLAW INTERNATIONAL ANNOUNCES PRELIMINARY RESULTS OF
SELF-TENDER OFFER
Company Has Entered Into $500 Million Term B Facility
NAPERVILLE, Ill., August 8, 2006 — Laidlaw International, Inc. (NYSE:LI) today announced preliminary results of its modified “Dutch Auction” self-tender offer. Laidlaw expects to accept for payment an aggregate of 15,609,197 shares of its common stock at a purchase price of $26.90 per share. These tendered shares represent approximately 16.0% percent of the shares outstanding as of August 7, 2006.
The offer to purchase shares expired on Monday, August 7, 2006, at 5:00 p.m., New York time. Based on the initial results, Laidlaw expects to purchase the 15 million shares the Company initially offered to purchase, and in accordance with applicable securities laws, to exercise its right to purchase an additional 609,197 shares of common stock, without extending the tender offer.
Based on the preliminary count by the depositary for the tender offer, an aggregate of 15,609,197 shares were properly tendered and not withdrawn at or below a price of $26.90 per share, including 4,183,943 shares that were tendered through notice of guaranteed delivery. Under the terms of the tender offer, Laidlaw offered to purchase shares of its common stock at a price not less than $25.50 and not greater than $28.50 per share.
The results announced today are preliminary and subject to verification by the depositary of the proper delivery of the shares validly tendered and not withdrawn. Final results will be announced following the completion of the verification process. We expect payment for the shares accepted for purchase, and the return of all shares tendered and not accepted for purchase, to occur within a week.
The tender offer is part of Laidlaw’s previously announced intention to return approximately $500 million to holders of its common stock through share repurchases. As authorized by Laidlaw’s board of directors, the Company may make additional purchases of approximately $80 million of its common stock through open market purchases beginning on the 11th business day after the expiration of the tender offer. Laidlaw may conduct its share repurchases in the open market, in privately negotiated transactions, through derivative transactions and through purchases made in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934. The repurchase program does not require Laidlaw to acquire any specific number of shares and may be terminated at any time.
The repurchase of the shares will be funded with proceeds from a new $500 million Term B credit facility that was entered into on July 31, 2006. The Term B facility will have a seven year term and an interest cost of LIBOR plus 175 basis points through maturity.
The dealer managers for the self-tender offer are Morgan Stanley & Co. Incorporated and UBS Securities LLC. The information agent is D. F. King & Co., Inc., and the depositary is Mellon

 


 

Investor Services. Any questions about the self-tender offer may be directed to the information agent at (212) 269-5550 (banks and brokerage firms) or (800) 290-6427 (all others toll free).
###
About Laidlaw International, Inc.
Laidlaw International, Inc. is a holding company for North America’s largest providers of school and inter-city bus transport services and a leading supplier of public transit services. The company’s businesses operate under the brands: Laidlaw Education Services, Greyhound Lines, Greyhound Canada and Laidlaw Transit. The company’s shares trade on the New York Stock Exchange (NYSE:LI). For more information on Laidlaw International, visit the website: www.laidlaw.com.
Contact:
Sarah Lewensohn
Director, Investor Relations
(630) 848-3120

2

GRAPHIC 3 c07220a5c0722000.gif GRAPHIC begin 644 c07220a5c0722000.gif M1TE&.#EANP`J`-4``(:=M,//VAQ'<>+G[8:=LZ6VQ_'S]L+.V2M4>SM@A&B% MH>_R]4ELC6>$H):JO=+;XW>1JK3"T%EXESI?A-':XJ2UQG:0JN#F[+/!SRM3 M>EAXEY6IO$ELCFB$H:2VQDILC@T[:/___P`````````````````````````` M```````````````````````````````````````````````````````````` M`````````````````````````````````"'Y!```````+`````"[`"H```;_ MP)!P2"Q^0,BD<9JZ+<&&D MO92PZ)<`D`!$`Y`( M1I!40@Z0$$16A*F319R$GD.GK)]=?@AA0U!^I2&K?EI#7(1@P[=XQJ['Q;HA MQ'[*0F.$$8=XB7S%EX.$9D.P?H;+0]1^WT+=XM=TB9B0FYV?D`GSA*+D0@]) M&0?^!QBPU!L":LF$?_^8#-S%1``&A!J8/"!RRB%"A`0R,&DE9``R#1BOX&.X M9,/%!DQ\26B`<`(2EOY<@B#@#X.O9;P.$"&`Q1(JLC$LE"%A"H8'5(DH5">!4> MHE'*Q%E*!.`N@A5$[5\@EEO8/.3`Z@M.VX:C'B+IE>>T@/8N$C#)R&176Y(U/5,)1G$-9>`@D258`CC MA8`8$9Q8T-80!"2VC#DGAM#:%8FILQJ-\&$(0F*+);%9/2%`90G-( M'&<*$F:&,!L(.A(1V'G(4.F=A*.`\%]C((0Y)`@J@:#!CC0*<),KO-`G1'E2 M^'168PQ<:JA]13$QXP8;;9&6BQ5:Z*B&2LP8(1,@*O;'C`LPP,",Y?''%09Q M+#>$!BHN,P<2+1)17!3"CIJ/2RIJLT2AN;TXF*,=.FI!C8$QJ01W4+Z9FJ,S MNL+_$VJ.@-!L?"#`P6IHKE1"+#DNL:M(G)@ZJB4_X]U:B#U!"ADHEGSRT3CIYQ#`D>OZ7Y*O*,$A/T(@CW"C%I$NV%<$0& M-4["*J6IFI@/2ASUE\&,%8CLZW(:3,@4H'%A5;14KC@8YB2!"=V?G`)'.@0% M3D_%A)[/)N$+5\;&@0%E_%G+K6$"#':DH$Q@.V=BL)@JQ`7-F6F:CZY01<#= M>.=]MWRY0B"`WF`MT0#>#8B;7MZ!YT&)B7KG[6MR_T[0>.,1C6/;X'A[J$0& M>7<`)P-YOXBY:6FZLB8B<&+3J"44R6/R/:OC42DAFTZ"_V<;?KI,2LUXY.P@ M'55O2,?6D$1+"'_*%L].&V'[E<:VWBR?AI316+;-CLZ3(57V7N@;0CAX6!Y" M0:@_`4_KL?!.1\:N@+\^^GX@2DC"M*O?AN\GD]'>[VU4O8P$'PB@``=(0`$F M"X`%3.``)<`@!RCP@0'TQ0`@^,",*8"""F10`3"8P%Q%@(,%S!6F1DC"$IKP MA"A,H0I7R,(6NO"%,(RA#&=(PQK:\(8XS*$.=\C#'OKPAT`,HA"'2,0B&O&( M2$RB$I>(J0(`X!(/```Z!B!%(3BQBAT!P$T```!=<'%\`)B($^$0@">"\1M? M_!X7S7C%;URQBU8,(QA+$45TK/^1C;49P`4E`"(G!J*,DBCC%+68CS$JAI!4 M+,4&/U`[P(N!H.$YR_K&(P9P"BT(H&7?HQE7S(`$(31!=R"@ M9!+$<@0P7+(<2-#%*8^@C[E\XPCUX$0I'E&@$+$/#K0,)2!>&0)U_-*1--M# M$KXQR>!\P``26)*NGA/-5*9C2;R<0\Z$H$M=.6I-#&%(`(YSA#FH,I7$-$`2 M+!=,W0DAF@HP@!5Z"04%=#,$I],*,7$2KU""(`&O!(4`'C``$;;ED<@9A"6M MZ;(UO'*?ZD1`-/_X3T=5=%/=1,,C'M%/=[J'H;QHQ1'Z\`A9G$*AX72/>ZC0 M!_?@,IG_8QB#6/;)J7YR8J,2:^8)$2H$G$9"5Y1\9C3-L,^*]$$6MUA%+U\A M2N>H(Z6Z&^='V55.CLK"I^3L:#!C"AUZ@@`:3B`&%,)`TP#0*YBZM.KXOCD` M*CP@=_PLY3X2`(!HID*GE0P1JH[*"7R,011]0!XWF^H)*$`5"JI4:!@>^8`N M>&*N`."J1SV*GG6JE"M.L,('`'`$0]S%"7.@&UHIA1Y9F$,6CMK1&P_I!"J: MP;5QQ"(8N3@``P!@'$XD*P"L$0$YDM&,B7Q&&G]1FS;&D9-R]&,(>NN$,H;U MMG&L0FT>L,<^RJ*W@>CM1&!+1=I.Q1W1/>0?"6E%`%)!`=MD"*)Z;\A('P8! "`#L_ ` end
-----END PRIVACY-ENHANCED MESSAGE-----