-----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, JJcB5597d5XsADvFmmlE2cLZnd3BfK09Lrqkd3xTClC5/xxAyHnYsVehIJWmA8iM CV+LkyQVaJxdVmlBMBtHqA== 0001077604-99-000282.txt : 19991018 0001077604-99-000282.hdr.sgml : 19991018 ACCESSION NUMBER: 0001077604-99-000282 CONFORMED SUBMISSION TYPE: SC 14D1/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19991007 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: APPLIED DIGITAL ACCESS INC CENTRAL INDEX KEY: 0000919048 STANDARD INDUSTRIAL CLASSIFICATION: INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825] IRS NUMBER: 680132939 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-44783 FILM NUMBER: 99724163 BUSINESS ADDRESS: STREET 1: 9855 SCRANTON RD CITY: SAN DIEGO STATE: CA ZIP: 92121 BUSINESS PHONE: 6196232200 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: APPLIED DIGITAL ACCESS INC CENTRAL INDEX KEY: 0000919048 STANDARD INDUSTRIAL CLASSIFICATION: INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825] IRS NUMBER: 680132939 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D1/A SEC ACT: SEC FILE NUMBER: 005-44783 FILM NUMBER: 99724164 BUSINESS ADDRESS: STREET 1: 9855 SCRANTON RD CITY: SAN DIEGO STATE: CA ZIP: 92121 BUSINESS PHONE: 6196232200 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DYNATECH CORP CENTRAL INDEX KEY: 0000030841 STANDARD INDUSTRIAL CLASSIFICATION: INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825] IRS NUMBER: 042258582 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 14D1/A BUSINESS ADDRESS: STREET 1: 3 NEW ENGLAND EXECUTIVE PARK CITY: BURLINGTON STATE: MA ZIP: 01803-5087 BUSINESS PHONE: 6172726100 MAIL ADDRESS: STREET 1: 3 NEW ENGLAND EXECUTIVE PARK CITY: BURLINGTON STATE: MA ZIP: 01803-5087 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DYNATECH CORP CENTRAL INDEX KEY: 0000030841 STANDARD INDUSTRIAL CLASSIFICATION: INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825] IRS NUMBER: 042258582 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 14D1/A BUSINESS ADDRESS: STREET 1: 3 NEW ENGLAND EXECUTIVE PARK CITY: BURLINGTON STATE: MA ZIP: 01803-5087 BUSINESS PHONE: 6172726100 MAIL ADDRESS: STREET 1: 3 NEW ENGLAND EXECUTIVE PARK CITY: BURLINGTON STATE: MA ZIP: 01803-5087 SC 14D1/A 1 AMENDMENT NO. 2 TO SCHEDULE 14D-1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 2 to SCHEDULE 14D-1 Tender Offer Statement Pursuant to Section 14(d)(1) of the Securities Exchange Act of 1934 and Amendment No. 2 to SCHEDULE 13D under the Securities Exchange Act of 1934 Applied Digital Access, Inc. ---------------------------- (Name of Subject Company) Dynatech Acquisition Corporation an indirect wholly-owned subsidiary of Dynatech Corporation (Bidders) Common Stock, Par Value $0.001 per Share ---------------------------------------- (Title of Class of Securities) 03818103 -------- (CUSIP Number of Class of Securities) DYNATECH ACQUISITION CORPORATION MARK V.B. TREMALLO SECRETARY 3 NEW ENGLAND EXECUTIVE PARK BURLINGTON, MASSACHUSETTS (781) 272-6100 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications On Behalf of Bidders) COPY TO: FRANCI J. BLASSBERG, ESQ. DEBEVOISE & PLIMPTON 875 THIRD AVENUE NEW YORK, NY 10022 (212) 909-6000 This Amendment No. 2 amends and supplements the information set forth in the Tender Offer Statement on Schedule 14D-1 (the "Schedule 14D-1") filed by Dynatech Acquisition Corporation (the "Purchaser") and Dynatech Corporation ("Parent") on September 14, 1999, as amended by Amendment No. 1, filed by the Purchaser and Parent on September 28, 1999, with respect to shares of common stock, par value $0.001 per share, of Applied Digital Access, Inc. (the "Company"). Unless otherwise indicated, the capitalized terms used herein shall have the meanings specified in the Schedule 14D-1, including the Offer to Purchase filed as Exhibit (a)(1) thereto. ITEM 10. ADDITIONAL INFORMATION The response to Item 10(e) is hereby amended and supplemented by the addition of the following two paragraphs after the final sentence of Item 10(e): On October 1, 1999, the Purchaser and Parent were served with a class action lawsuit filed by an alleged shareholder of the Company. The lawsuit was filed in the Superior Court of the State of California, County of San Diego, and alleges that the Company and certain members of its board of directors breached fiduciary duties to the Company's shareholders in connection with the Offer and that the Purchaser and Parent aided and abetted in such breach. Three similar lawsuits also have been filed in that court on September 15, 1999, September 21, 1999, September 23, 1999, each alleging that the Company and certain members of its board of directors breached fiduciary duties to the Company's shareholders in connection with the Offer. A fifth lawsuit has been filed in the Court of Chancery in the State of Delaware in and for New Castle County also alleging that the Company and certain members of its board of directors breached fiduciary duties to the Company's shareholders in connection with the Offer. On September 20, 1999, the Company issued a press release, a copy of which is attached hereto as Exhibit 99(a)(9) and is incorporated herein by reference. On October 6, 1999, Parent issued a press release, a copy of which is attached hereto as Exhibit 99(a)(10) and is incorporated herein by reference. The response to Item 10(f) is hereby amended and supplemented by the addition of the following two paragraphs after the final sentence of Item 10(f): The Purchaser and Parent extend the period of time during which the Offer is open. The Offer and withdrawal rights will expire at 12:00 midnight, New York City Time, on Monday, November 1, 1999, unless the Offer is extended. On October 6, 1999, Parent issued a press release, a copy of which is attached hereto as Exhibit 99(a)(10) and is incorporated herein by reference. ITEM 11. MATERIAL TO BE FILED AS EXHIBITS Item 11 of the Schedule 14D-1 is hereby amended and supplemented by adding the following text thereafter: (a)(9) Press release issued by the Company on September 20, 1999. (a)(10) Press release issued by Parent on October 6, 1999. 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: October 6, 1999 DYNATECH ACQUISITION CORPORATION By: /s/ Mark V.B. Tremallo ----------------------------------- Name: Mark V.B. Tremallo Title: Vice President and Secretary DYNATECH CORPORATION By: /s/ Mark V.B. Tremallo ----------------------------------- Name: Mark V.B. Tremallo Title: Corporate Vice President - General Counsel and Secretary EXHIBIT INDEX
EXHIBIT PAGE NO. DESCRIPTION NO. - ------------ --------------------------------------------------------------------- ---- 99(a)(1)* Offer to Purchase dated September 14, 1999 .......................... 99(a)(2)* Letter of Transmittal ............................................... 99(a)(3)* Notice of Guaranteed Delivery ....................................... 99(a)(4)* Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Nominees ........................................................ 99(a)(5)* Letter to clients for use by Brokers, Dealers, Commercial Banks, Trust Companies and Nominees ........................................ 99(a)(6)* Guidelines for Certification of Taxpayer Identification Number on Substitute Form W-9 ................................................. 99(a)(7)* Summary Advertisement as published on September 14, 1999 ............ 99(a)(8)* Press Release issued by Parent on September 8, 1999 ................. 99(a)(9) Press Release issued by the Company on September 20, 1999............ 99(a)(10) Press Release issued by Parent on October 6, 1999 ................... 99(b)(1)* Credit Agreement, dated May 21, 1998, by and among Parent, TTC Merger Co., LLC, the lenders named therein, Morgan Guaranty and Trust Company of New York, as administrative agent, Credit Suisse First Boston, as syndication agent, and The Chase Manhattan Bank, as documentation agent. ............................................. 99(c)(1)* Short Form Confidentiality Agreement, effective April 13, 1999, between Parent and the Company. ..................................... 99(c)(2)* Letter, dated August 13, from Parent to the Company. ................ 99(c)(3)* Agreement and Plan of Merger, dated as of September 7, 1999, among Parent, the Purchaser and the Company .........................
____________________ *As previously filed.
EX-99.(A)(9) 2 PRESS RELEASE ISSUED BY THE COMPANY ON SEPTEMBER 20, 1999 Exhibit 99(a)(9) NEWS RELEASE Editor's Contact: Don Strohmeyer/Eric Houser Applied Digital Access Phone: 858-623-2200 Fax: 858-623-2208 don.strohmeyer@ada.com eric.houser@ada.com Gwen Carlson/Frank Bantle The Townsend Agency Phone: 858-457-4888, ext. 116 Fax: 858-453-7010 gwen@townsendagency.com frank@townsendagency.com MILBERG WEISS BERSHAD HYNES & LERACH, L.L.P. FILES CLASS ACTION SUIT AGAINST APPLIED DIGITAL ACCESS SAN DIEGO--September 20, 1999--Applied Digital Access, Inc. (ADA) (NASDAQ: ADAX), a leading provider of innovative service fulfillment and service assurance solutions to the telecommunications industry, today announced on September 18, 1999, following the announcement of the tender offer by Dynatech Corporation for the outstanding shares of ADA stock, ADA was served with a class action lawsuit filed by a single alleged shareholder of the company. The lawsuit was filed in California state court and alleges that ADA and certain members of its board of directors breached fiduciary duties to the company's shareholders in connection with the tender offer. Lawsuits of this type are frequently filed immediately after the announcement of a major corporate transaction, such as a tender offer. In the company's opinion, the lawsuit has no merit and it intends to vigorously defend against it. Applied Digital Access is a leading provider of innovative telecommunications service fulfillment and service assurance solutions that are backed by unparalleled customer support. These solutions enable a wide range of telecommunications service providers to improve network operations performance, proactively manage the quality of service, increase productivity, and lower operating expenses. The company is headquartered in San Diego, California along with the unit that specializes in the design, development and delivery of its service assurance test and monitoring systems. The Carrier Operations Support Systems (OSS) software and service unit is located Vancouver, British Columbia and Terre Haute, Indiana. Press releases and other information about Applied Digital Access, its products, and services are available on the Web at www.ada.com. "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained in this release, the preceding may contain forward-looking statements that involve potential risks and uncertainties as detailed in ADA's Annual Report on Form 10-K for the year ended 12/31/98 and the most recent Form 10-Qs, which include: customer mergers, fluctuations in quarterly operating results; history of losses, competition, concentration of major customers; telephone company qualification requirements, dependence on two product lines, management of changing business, rapid technological change and dependence on new products, dependence on suppliers and subcontractors, high inventory levels and need to make advance purchase commitments, year 2000 compliance, product recall and defects, government regulation, potential competition from RBOCs, proprietary technology, dependence on key personnel and volatility of stock price. The Company's actual results could differ materially from those discussed in this release. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to revise or update these forward-looking statements to reflect events or circumstances after the date of this release. EX-99.(A)(10) 3 PRESS RELEASE ISSUED BY PARENT ON OCTOBER 6, 1999 EXHIBIT 99(A)(10) DYNATECH CORPORATION EXTENDS TENDER OFFER FOR APPLIED DIGITAL ACCESS October 6, 1999 Burlington, MA -- October 6, 1999 -- Dynatech Corporation (OTC-BB:DYNA) today announced that on October 1, 1999, following the announcement of the tender offer by Dynatech Corporation for the outstanding shares of San Diego-based Applied Digital Access, Inc. (ADA) (NASDAQ:ADAX), Dynatech was served with a class action lawsuit filed by an alleged shareholder of ADA. The lawsuit was filed in California state court and alleges that Dynatech "aided and abetted" ADA and certain members of its board of directors in breaching their fiduciary duties to ADA's shareholders in connection with the tender offer. In Dynatech's opinion, this lawsuit and four similar lawsuits filed against ADA have no merit and Dynatech intends to vigorously defend against them. Dynatech is extending the period of time during which the offer is open until 12:00 midnight, New York City Time, on Friday, October 29, 1999. Dynatech Corporation (OTC-BB:DYNA) is a global communications equipment company focused on network technology solutions. Its products address communications test, industrial computing and communications, and visual communications applications. Headquartered in Burlington, Massachusetts, Dynatech sells its products worldwide through subsidiaries located throughout the Americas, Europe and Asia. NOTE: This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the Company's current judgment on certain issues. Because such statements apply to future events, they are subject to risks and uncertainties that could cause the actual results to differ materially. Important factors that could cause actual results to differ materially are described in the company's reports on Form 10-K and 10-Q on file with the Securities and Exchange Commission.
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