-----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, FXxk9zXk79XPgnuJ+kgWH4Fl/3hnilvvXgfONeQjLmVgsSAURHfkRYvOYY2h/4/q 8vptxE/SRMzWzvoVEC9cTw== 0000950137-06-008853.txt : 20060808 0000950137-06-008853.hdr.sgml : 20060808 20060808163359 ACCESSION NUMBER: 0000950137-06-008853 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20060808 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060808 DATE AS OF CHANGE: 20060808 FILER: 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10657 FILM NUMBER: 061013579 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 8-K 1 c07625e8vk.htm CURRENT REPORT e8vk
 

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): August 8, 2006
LAIDLAW INTERNATIONAL, INC.
 
(Exact name of registrant as specified in its charter)
         
Delaware   000-10657   98-0390488
         
(State or other jurisdiction   (Commission   (I.R.S. Employer
of incorporation)   File Number)   Identification No.)
         
55 Shuman Blvd. Suite 400,        
Naperville, Illinois       60563
         
(Address of principal       (Zip Code)
executive offices)        
Registrant’s telephone number, including area code: (630) 848-3000
Not Applicable
 
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 8.01 Other Events.
On August 8, 2006, Laidlaw International, Inc. issued a press release, incorporated by reference herein, to announce the preliminary results of its tender offer, which expired at 5:00 p.m., New York City time, on Monday, August 7, 2006.
Item 9.01 Financial Statement and Exhibits.
(d)   Exhibits
     
99.1
  Press Release, dated August 8, 2006.

 


 

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  LAIDLAW INTERNATIONAL, INC.
 
 
August 8, 2006  By:   /s/ Beth Byster Corvino    
    Name:   Beth Byster Corvino   
    Title:   Executive Vice President, General Counsel and Corporate Secretary  

 


 

         
Exhibit Index
     
Exhibit No.   Description
 
   
99.1
  Press Release, dated August 8, 2006.

 

EX-99.1 2 c07625exv99w1.htm PRESS RELEASE exv99w1
 

Exhibit 99.1
(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

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