0001193125-15-404711.txt : 20151216 0001193125-15-404711.hdr.sgml : 20151216 20151216151454 ACCESSION NUMBER: 0001193125-15-404711 CONFORMED SUBMISSION TYPE: SC TO-T/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20151216 DATE AS OF CHANGE: 20151216 GROUP MEMBERS: ALOHA HOLDING COMPANY, INC. GROUP MEMBERS: GAAS LABS, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ANADIGICS INC CENTRAL INDEX KEY: 0000940332 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 222582106 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-T/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-46099 FILM NUMBER: 151290879 BUSINESS ADDRESS: STREET 1: 141 MT. BETHEL ROAD CITY: WARREN STATE: NJ ZIP: 07059 BUSINESS PHONE: 9086685000 MAIL ADDRESS: STREET 1: 141 MT. BETHEL ROAD CITY: WARREN STATE: NJ ZIP: 07059 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Aloha Acquisition Sub, Inc. CENTRAL INDEX KEY: 0001658499 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-T/A BUSINESS ADDRESS: STREET 1: C/O GAAS LABS, LLC STREET 2: 28013 ARASTRADERO ROAD CITY: LOS ALTOS STATE: CA ZIP: 94022 BUSINESS PHONE: 408-387-7756 MAIL ADDRESS: STREET 1: C/O GAAS LABS, LLC STREET 2: 28013 ARASTRADERO ROAD CITY: LOS ALTOS STATE: CA ZIP: 94022 SC TO-T/A 1 d78253dsctota.htm SC TO-T/A SC TO-T/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE TO

(RULE 14d–100)

TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1)

OF THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

 

 

ANADIGICS, INC.

(Name of Subject Company (Issuer))

ALOHA ACQUISITION SUB, INC.

(Name of Filing Person (Offeror))

ALOHA HOLDING COMPANY, INC.

(Name of Filing Person (Parent of Offeror))

GAAS LABS, LLC

(Name of Filing Person (Other Person))

 

 

COMMON STOCK, $0.01 PAR VALUE

(Title of Class of Securities)

032515108

(CUSIP Number of Class of Securities)

John L. Ocampo

President

GaAs Labs, LLC

Aloha Holding Company, Inc.

Aloha Acquisition Sub, Inc.

28013 Arastradero Road

Los Altos, California 94022

(408) 387-7756

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Filing Persons)

 

 

With a copy to:

Jason Day

Jeffrey A. Beuche

Perkins Coie LLP

1900 Sixteenth Street, Suite 1400

Denver, Colorado 80202

(303) 291-2300

 

 

CALCULATION OF FILING FEE

 

Transaction Valuation (1)   Amount of Filing Fee (2)
$32,261,090.75   $3,248.70
 
(1) Estimated solely for purposes of calculating the amount of the filing fee. The transaction valuation was calculated by adding the sum of (A) 88,836,561 outstanding shares of common stock, par value $0.01 per share (“Shares”), of ANADIGICS, Inc. (“Anadigics”), (B) 8,542 Shares subject to issuance pursuant to outstanding options with an exercise price less than the offer price of $0.35 per Share, (C) 3,044,442 Shares subject to issuance pursuant to outstanding time-based restricted stock units, and performance-based restricted stock units earned prior to the end of the offer, and (D) up to 285,000 Shares issuable with respect to the current offering period under Andigics’s Employee Stock Purchase Plan, with such sum multiplied by the offer price of $0.35 per Share. The calculation of the filing fee is based on information provided by Anadigics as of November 20, 2015.
(2) The filing fee was calculated in accordance with Rule 0-11 of the Securities Exchange Act of 1934, as amended, and Fee Rate Advisory #1 for fiscal year 2016, issued August 27, 2015, by multiplying the transaction value by .0001007.

 

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: $3,248.70    Filing Party: Aloha Acquisition Sub, Inc.
Form of Registration No.: Schedule TO    Date Filed: November 24, 2015

 

¨  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.
¨ 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.  ¨

If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:

 

¨ Rule 13e-4(i) (Cross-Border Issuer Tender Offer)
¨ Rule 14d-1(d) (Cross-Border Third-Party Tender Offer)

 

 

 


This Amendment No. 2 (this “Amendment”) amends and supplements the Tender Offer Statement on Schedule TO filed by GaAs Labs, LLC, a California limited liability company (“GaAs Labs”), Aloha Holding Company, Inc., a Delaware corporation (“Aloha”) and wholly-owned subsidiary of GaAs Labs, and Aloha Acquisition Sub, Inc., a Delaware corporation (“Purchaser”) and a wholly-owned subsidiary of Aloha, with the Securities and Exchange Commission on November 24, 2015 (together with any amendments and supplements thereto, the “Schedule TO”). This Schedule TO relates to the offer by Purchaser to purchase all of the outstanding shares of common stock, par value $0.01 per share (the “Shares”), of ANADIGICS, Inc., a Delaware corporation (“Anadigics”), at a price of $0.35 per Share, net to the seller in cash, without interest, less any applicable withholding taxes, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated November 24, 2015 (as it may be amended or supplemented, the “Offer to Purchase”), and the related Letter of Transmittal (as it may be amended or supplemented, the “Letter of Transmittal,” and together with the Offer to Purchase, the “Offer”), copies of which are attached to this Schedule TO as Exhibits (a)(1)(A) and (a)(1)(B), respectively. Capitalized terms used but not otherwise defined herein shall have the meaning ascribed to such terms in the Offer to Purchase.

All information contained in the Offer to Purchase and the accompanying Letter of Transmittal, including all schedules thereto, is hereby incorporated by reference in response to Items 1 through 9 and Item 11 in the Schedule TO.

This Amendment is being filed to amend and supplement Items 1 through 9 and Item 11 as provided below

Items 1 through 9 and Item 11.

Items 1 through 9 and Item 11 of the Schedule TO are hereby amended and supplemented as follows:

“On December 15, 2015, Aloha and Purchaser received written notice of a Superior Offer from Anadigics which stated that Anadigics had received a definitive proposal from another party to acquire all outstanding Shares for $0.48 per share in cash (the “New Proposal”). Pursuant to the Merger Agreement, Aloha and Purchaser have an option to negotiate with Anadigics for five business days to make adjustments to the terms and conditions of the Merger Agreement and related ancillary documents so that the New Proposal would no longer constitute a Superior Offer.”


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: December 16, 2015

 

ALOHA ACQUISITION SUB, INC.
By:  

/s/ John L. Ocampo

Name:   John L. Ocampo
Title:   President
ALOHA HOLDING COMPANY, INC.
By:  

/s/ John L. Ocampo

Name:   John L. Ocampo
Title:   President
GAAS LABS, LLC
By:  

/s/ John L. Ocampo

Name:   John L. Ocampo
Title:   President


EXHIBIT INDEX

 

Exhibit
No.

 

Description

(a)(1)(A)*   Offer to Purchase, dated November 24, 2015.
(a)(1)(B)*   Form of Letter of Transmittal.
(a)(1)(C)*   Form of Notice of Guaranteed Delivery.
(a)(1)(D)*   Form of Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.
(a)(1)(E)*   Form of Letter to Clients for Use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.
(a)(1)(F)*   Summary Advertisement as published in The New York Times on November 24, 2015.
(d)(1)   Agreement and Plan of Merger, dated as of November 11, 2015, among Aloha, Purchaser and Anadigics (incorporated by reference to Exhibit 2.1 of Anadigics’s Current Report on Form 8-K filed on November 12, 2015 (File No. 000-25662)).
(d)(2)*   Guarantee, dated as of November 11, 2015, by GaAs Labs in favor of Anadigics.
(d)(3)*   Mutual Non-Disclosure and Standstill Agreement, dated as of September 15, 2015, between GaAs Labs and Anadigics.
(d)(4)*   Exclusivity Agreement, dated as of October 20, 2015, between GaAs Labs and Anadigics.
(g)   Not applicable.
(h)   Not applicable.

 

* Previously filed with the Tender Offer Statement on Schedule TO filed with the SEC on November 24, 2015.