0001144204-12-002208.txt : 20120113 0001144204-12-002208.hdr.sgml : 20120113 20120113105720 ACCESSION NUMBER: 0001144204-12-002208 CONFORMED SUBMISSION TYPE: SC 13E3/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20120113 DATE AS OF CHANGE: 20120113 GROUP MEMBERS: AG CAPITAL RECOVERY PARTNERS VI, L.P. GROUP MEMBERS: AG CAPITAL RECOVERY PARTNERS VII, L.P. GROUP MEMBERS: AG CNG FUNDS, L.P. GROUP MEMBERS: AG ELEVEN PARTNERS, L.P. GROUP MEMBERS: AG GARDEN PARTNERS, L.P. GROUP MEMBERS: AG MM, L.P. GROUP MEMBERS: AG PRINCESS, L.P. GROUP MEMBERS: AG SUPER FUND INTERNATIONAL PARTNERS, L.P. GROUP MEMBERS: AG SUPER FUND, L.P. GROUP MEMBERS: ANGEL ACQUISITION CORP. GROUP MEMBERS: ANGEL HOLDINGS LLC GROUP MEMBERS: NUTMEG PARTNERS, L.P. GROUP MEMBERS: PHS PATRIOT FUND, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: C&D TECHNOLOGIES INC CENTRAL INDEX KEY: 0000808064 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690] IRS NUMBER: 133314599 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13E3/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-38840 FILM NUMBER: 12525591 BUSINESS ADDRESS: STREET 1: 1400 UNION MEETING ROAD STREET 2: PO BOX 3053 CITY: BLUE BELL STATE: PA ZIP: 19422 BUSINESS PHONE: 2156192700 MAIL ADDRESS: STREET 1: 1400 UNION MEETING ROAD STREET 2: PO BOX 3053 CITY: BLUE BELL STATE: PA ZIP: 19422 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: C&D TECHNOLOGIES INC CENTRAL INDEX KEY: 0000808064 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690] IRS NUMBER: 133314599 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13E3/A BUSINESS ADDRESS: STREET 1: 1400 UNION MEETING ROAD STREET 2: PO BOX 3053 CITY: BLUE BELL STATE: PA ZIP: 19422 BUSINESS PHONE: 2156192700 MAIL ADDRESS: STREET 1: 1400 UNION MEETING ROAD STREET 2: PO BOX 3053 CITY: BLUE BELL STATE: PA ZIP: 19422 SC 13E3/A 1 v244836_sc13e3a.htm AMENDMENT 4 TO FORM SC 13E3 Unassociated Document
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
 
Amendment No. 4
to
SCHEDULE 13E-3
 
RULE 13e-3 TRANSACTION STATEMENT
(Pursuant to Section 13(e) of the Securities Exchange Act of 1934)
 
C&D TECHNOLOGIES, INC.
(Name of the Issuer)
 
C&D TECHNOLOGIES, INC.
ANGEL HOLDINGS LLC
ANGEL ACQUISITION CORP.
AG MM, L.P.
AG CAPITAL RECOVERY PARTNERS VI, L.P.
AG CAPITAL RECOVERY PARTNERS VII, L.P.
AG ELEVEN PARTNERS, L.P.
AG GARDEN PARTNERS, L.P.
NUTMEG PARTNERS, L.P.
AG PRINCESS, L.P.
AG CNG FUNDS, L.P.
PHS PATRIOT FUND, L.P.
AG SUPER FUND INTERNATIONAL PARTNERS, L.P.
AG SUPER FUND, L.P.
(Name of Person(s) Filing Statement)
 
Common Stock, par value $0.01 per share
(Title of Class of Securities)
 
124661 10 9
(CUSIP Number of Class of Securities)
 
David Anderson, Esq.
General Counsel
C&D Technologies, Inc.
1400 Union Meeting Road
Blue Bell, Pennsylvania 19422
(215) 619-2700
D. Forest Wolfe
c/o Angelo, Gordon & Co., L.P.
245 Park Avenue, 26th Floor
New York, NY 10167
(212) 338-9611
 
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications on Behalf of the Person(s) Filing Statement)
 
 
 

 
 
Copies To:
 
Adam M. Turteltaub, Esq.
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, NY 10019
(212) 728-8000
 
Sean Rodgers, Esq.
Simpson Thacher & Bartlett LLP
425 Lexington Avenue
New York, New York 10017
(212) 455-2502
Mark Morton, Esq.
Potter Anderson & Corroon LLP
Hercules Plaza
1313 North Market Street
Wilmington, Delaware 19801
(302) 778-6078
 
 
_________________________________________
 
This statement is filed in connection with (check the appropriate box):
 
 
þ
a.
The filing of solicitation materials or an information statement subject to Regulation 14A, Regulation 14C, or Rule 13e-3(c) under the Securities Exchange Act of 1934.
 
 
o
b.
The filing of a registration statement under the Securities Act of 1933.
 
 
o
c.
A tender offer.
 
 
o
d.
None of the above.
 
Check the following box if the soliciting materials or information statement referred to in checking box (a) are preliminary copies: o
 
Check the following box if the filing is a final amendment reporting the results of the transaction:  x
 
Calculation of Filing Fee
 
Transaction Valuation(1)
Amount of Filing Fee(2)
$52,051,145.25
$5,965.06
 
(1)
The transaction valuation is estimated solely for purposes of calculating the filing fee.  The transaction valuation was determined based on 5,338,579 shares of Common Stock of C&D Technologies, Inc., par value $0.01 per share (the aggregate number of securities to which the transaction applies) multiplied by $9.75 per share.
 
(2)
In accordance with Rule 0-11 of the Securities Exchange Act of 1934, as amended, the filing fee was determined by multiplying $52,051,145.25 by 0.0001146.
 
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: $5,965.06
Form or Registration No: Schedule 14C
Filing Party: C&D Technologies, Inc.
Date Filed: October 19, 2011 
 
 
2

 
 
This Amendment No. 4 (this "Final Amendment") to the Rule 13e-3 Transaction Statement on Schedule 13E-3, together with the exhibits hereto (as amended, this “Schedule 13E-3”), is filed with the Securities and Exchange Commission (the “SEC”) pursuant to Section 13(e) of the Securities Exchange Act of 1934, as amended (together with the rules and regulations promulgated thereunder, the “Exchange Act”), jointly by the following persons (each, a “Filing Person,” and collectively, the “Filing Persons”): (i) C&D Technologies, Inc. (“C&D”), a Delaware corporation and the issuer of the shares that are subject to the Rule 13e-3 transaction; (ii) Angel Holdings LLC (“Acquiror”), a Delaware limited liability company; (iii) Angel Acquisition Corp. (“Merger Sub”), a Delaware corporation; (iv) AG MM, L.P., a Delaware limited partnership (“AG MM”); (v) AG Capital Recovery Partners VI, L.P., a Delaware limited partnership (“AG Capital VI”); (vi) AG Capital Recovery Partners VII, L.P., a Delaware limited partnership (“AG Capital VII”);  (vii) AG Eleven Partners, L.P., a Delaware limited partnership (“AG Eleven”); (viii) AG Garden Partners, L.P., a Delaware limited partnership (“AG Garden”); (ix) Nutmeg Partners, L.P., a Delaware limited partnership (“Nutmeg”); (x) AG Princess, L.P., a Delaware limited partnership (“AG Princess”); (xi) AG CNG Funds, L.P., a Delaware limited partnership (“AG CNG”); (xii) PHS Patriot Fund, L.P., a Delaware limited partnership (“PHS Patriot”); (xiii) AG Super Fund International Partners, L.P., a Delaware limited partnership (“AG Super Fund  International”); and (xiv) AG Super Fund, L.P., Delaware limited partnership (“AG Super Fund” and, collectively with AG MM, AG Capital VI, AG Capital VII, AG Eleven, AG Garden, Nutmeg, AG Princess, AG CNG, PHS Patriot and AG Super Fund International, the “Angelo Gordon Entities”).
 
This Final Amendment is being filed pursuant to Rule 13e-3(d)(3) to report the results of the transaction that is the subject of this Schedule 13E-3.
 
The information contained in or incorporated by reference into this Schedule 13E-3 concerning C&D was supplied by C&D and none of the other Filing Persons take responsibility for the accuracy of such information.  Similarly, all information contained in or incorporated by reference into this Schedule 13E-3 concerning each other Filing Person has been supplied by such Filing Person.  No Filing Person, including C&D, is responsible for the accuracy of any information supplied by any other Filing Person.
 
 
3

 

Item 15.                 Additional Information.
 
Item 15(c) is hereby amended and supplemented by the addition of the following information:
 
Pursuant to the Agreement and Plan of Merger, dated as of October 3, 2011, by and among C&D, Acquiror and Merger Sub, effective on January 13, 2012 and by virtue of the filing by C&D of a Certificate of Merger with the Secretary of State of the State of Delaware on such date, Merger Sub was merged with and into C&D, with C&D continuing as the surviving corporation (the “Merger”).  As a result of the Merger:
 
·  
C&D is now wholly owned by affiliates of Angelo, Gordon & Co.;
 
·  
each share of common stock of C&D that was issued and outstanding immediately prior to the effective time of the Merger (the “Shares”) (except for Shares (i) held by stockholders who were entitled to demand and properly demanded appraisal for such Shares under Section 262 of the General Corporation Law of the State of Delaware and (ii) owned by C&D as treasury stock or by Acquiror, Merger Sub, the Angelo Gordon Entities or any wholly owned subsidiary of C&D) were canceled and converted automatically into the right to receive $9.75 in cash, without interest and less any required withholding taxes;
 
·  
each option to purchase Shares granted by C&D under C&D’s equity or incentive plans outstanding immediately prior to the effective time of the Merger (the “Options”), whether or not then vested, were canceled and converted automatically into the right to receive an amount in cash equal to the product of (x) the number of Shares subject to such Option and (y) the excess, if any, of $9.75 over the exercise price per Share of such Option; and
 
·  
each stock appreciation right granted by C&D under C&D’s equity or incentive plans outstanding immediately prior to the effective time of the Merger (the “SARs”), whether or not then vested, were canceled and converted automatically into the right to receive an amount in cash equal to the product of (x) the number of Shares subject to such SAR and (y) the excess, if any, of $9.75 over the exercise price per Share of such SAR.
 
The registration of C&D’s common stock under the Exchange Act will be terminated upon the filing of one or more Forms 15 with the SEC. C&D’s common stock will no longer be traded on the over the counter market.
 
 
4

 
 
Item 16.                 Exhibits.

Exhibit No.
Description
 
(a)(1)
Information Statement on Schedule 14C, filed by C&D Technologies, Inc. on December 14, 2011 (incorporated herein by reference) (the “Information Statement”).
(a)(2)
Letter Agreement, dated as of September 30, 2011, by and among C&D Technologies, Inc., certain of its subsidiary guarantors, the lenders that are signatory thereto, and Wells Fargo Bank, National Association, in its capacity as agent (incorporated by reference to the Form 8-K filed by C&D Technologies, Inc. on October 4, 2011).
(a)(3)
Press Release dated October 3, 2011 titled “C&D Technologies, Inc. to be Acquired by an affiliate of Angelo, Gordon & Co.” (incorporated by reference to the Form 8-K filed by C&D Technologies, Inc. on October 4, 2011).
(a)(4)
Form 8-K, filed by C&D Technologies, Inc. on October 4, 2011 (incorporated herein by reference).
(a)(5) 
Press Release dated January 13, 2012 titled “C&D Technologies, Inc. Acquired by an affiliate of Angelo, Gordon & Co.”
(b)
None.
(c)(1)
Opinion of Perella Weinberg, Financial Advisor to the Special Committee, dated October 2, 2011 (included as Annex C to the Information Statement and incorporated herein by reference).
(c)(2)
Discussion Materials delivered by Perella Weinberg to the Special Committee of C&D on August 3, 2011.*
(c)(3)
Discussion Materials delivered by Perella Weinberg to the Special Committee of C&D on August 17, 2011.*
(c)(4)
Discussion Materials delivered by Perella Weinberg to the Special Committee of C&D on August 31, 2011.*
(c)(5)
Discussion Materials delivered by Perella Weinberg to the Special Committee of C&D on September 10, 2011.*
(c)(6)
Discussion Materials delivered by Perella Weinberg to the Special Committee of C&D on September 14, 2011.*
(c)(7)
Discussion Materials delivered by Perella Weinberg to the Special Committee of C&D on October 2, 2011.*
(c)(8) Discussion Materials delivered by Perella Weinberg to the Board of Directors of C&D on October 2, 2011.*
(c)(9) 
Discussion Materials delivered by Houlihan Lokey to the Angelo Gordon Affiliates on June 14, 2011.*
(d)(1)
Agreement and Plan of Merger, dated as of October 3, 2011, by and among C&D Technologies, Inc., Angel Acquisition Corp., and Angel Holdings LLC (included as Annex A to the Information Statement and incorporated herein by reference).
(f)
Section 262 of the General Corporation Law of the State of Delaware (included as Annex D to the Information Statement and incorporated herein by reference).
(g)
None.
 
____________________________
*    Previously filed.
 
5

 

SIGNATURES

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:  January 13, 2012
C&D Technologies, Inc.
 
 
By: /s/ Ian J. Harvie
         Name:  Ian J. Harvie
         Title:  Senior Vice President and Chief Financial Officer
   
   
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:  January 13, 2012
Angel Holdings LLC
 
 
By: /s/ Kirk Wickman
         Name:  Kirk Wickman
         Title:  Authorized Signatory
   
   
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:  January 13, 2012
Angel Acquisition Corp.
 
 
By: /s/ Kirk Wickman
         Name:  Kirk Wickman
         Title:  Authorized Signatory
   
   
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:  January 13, 2012
AG MM, L.P.
 
By:  AG MM LLC, General Manager
By:  AG Funds, L.P., Managing Member
 
 
By: /s/ Kirk Wickman
         Name:  Kirk Wickman
         Title:  Authorized Signatory
 
 
6

 
 
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:  January 13, 2012
AG Capital Recovery Partners VI, L.P.
 
By:  AG Capital Recovery VI LLC, General Partner
By:  Angelo, Gordon & Co., L.P., Managing Partner
 
 
By: /s/ Kirk Wickman
         Name:  Kirk Wickman
         Title:  Authorized Signatory
   
   
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:  January 13, 2012
AG Capital Recovery Partners VII, L.P.
 
By:  AG Capital Recovery VII LLC, General Partner
By:  Angelo, Gordon & Co., L.P., Manager
 
 
By: /s/ Kirk Wickman
         Name:  Kirk Wickman
         Title:  Authorized Signatory
   
   
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:  January 13, 2012
AG Eleven Partners, L.P.
 
By:  AG Eleven LLC, General Partner
By:  AG Funds, L.P., Managing Member
 
 
By: /s/ Kirk Wickman
         Name:  Kirk Wickman
         Title:  Authorized Signatory
 
 
7

 
 
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:  January 13, 2012
AG Garden Partners, L.P.
 
By:  AG Super LLC, General Partner
By:  AG Funds, L.P., Managing Member
 
 
By: /s/ Kirk Wickman
         Name:  Kirk Wickman
         Title:  Authorized Signatory
   
   
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:  January 13, 2012
Nutmeg Partners, L.P.
 
By:  Nutmeg LLC, General Partner
By:  AG Funds, L.P., Managing Member
 
 
By: /s/ Kirk Wickman
         Name:  Kirk Wickman
         Title:  Authorized Signatory
   
   
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:  January 13, 2012
AG Princess, L.P.
 
By:  AG Princess LLC, General Partner
By:  AG Funds, L.P., Managing Member
 
 
By: /s/ Kirk Wickman
         Name:  Kirk Wickman
         Title:  Authorized Signatory
 
 
8

 
 
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:  January 13, 2012
AG CNG Funds, L.P.
 
By:  AG CNG LLC, General Partner
By:  AG Funds, L.P., Managing Member
 
 
By: /s/ Kirk Wickman
         Name:  Kirk Wickman
         Title:  Authorized Signatory
   
   
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:  January 13, 2012
PHS Patriot Fund, L.P.
 
By:  PHS Patriot LLC, General Partner
By:  AG Funds, L.P., Managing Member
 
 
By: /s/ Kirk Wickman
         Name:  Kirk Wickman
         Title:  Authorized Signatory
   
   
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:  January 13, 2012
AG Super Fund International Partners, L.P.
 
By:  AG Super Fund International LLC, General Partner
By:  AG Funds, L.P., Managing Member
 
 
By: /s/ Kirk Wickman
         Name:  Kirk Wickman
         Title:  Authorized Signatory
 
 
9

 
 
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:  January 13, 2012
AG Super Fund, L.P.
By:  AG Super Fund LLC, General Partner
By:  AG Funds, L.P., Managing Member
 
 
By: /s/ Kirk Wickman
         Name:  Kirk Wickman
         Title:  Authorized Signatory
 
 
10

 
 
EX-99.(A)(5) 2 v244836_exa5.htm EXHIBIT (A)(5) Unassociated Document
 
Exhibit (a)(5)
 
 

 
C&D Technologies, Inc. Acquired by an affiliate of Angelo, Gordon & Co.
 
BLUE BELL, Pa., January 13, 2012 /PRNewswire/ -- C&D Technologies, Inc. (OTC: CHHP) today announced that effective on January 13, 2012 and pursuant to the previously announced Agreement and Plan of Merger, dated as of October 3, 2011, by and among C&D and certain affiliates of Angelo, Gordon & Co., Angel Acquisition Corp. was merged with and into C&D, with C&D continuing as the surviving corporation.  As a result of the merger, each share of C&D common stock not owned by Angelo, Gordon & Co. or its affiliates was cancelled and automatically converted into the right to receive $9.75 in cash and C&D is now wholly owned by affiliates of Angelo, Gordon & Co.  C&D’s common stock will no longer be publicly traded on the over the counter market.
 
 
About C&D Technologies, Inc.
 
C&D is a leading manufacturer, marketer and distributor of electrical power storage systems for the standby power storage market. C&D primarily manufactures and markets integrated reserve power systems and components for the standby power market, which includes telecommunications, uninterruptible power supply cable services and utilities and renewable energies. Integrated reserve power systems monitor and regulate electric power flow and provide backup power in the event of a primary power loss or interruption. C&D also produces the individual components of these systems including reserve batteries, power rectifiers, system monitors, power boards and chargers. Major applications of these products include wireless and wireline telephone infrastructure, cable television signal powering, corporate data center powering, computer network backup for use during power outages and renewable energy integration. C&D markets its products through independent manufacturer’s representatives, national and global distributors, specialty resellers and its own sales personnel to end users and original equipment manufacturers.
 
CONTACT: Ian Harvie, C&D Technologies, Inc., +1-215-619-7835, iharvie@cdtechno.com