![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
CSS Industries Inc | NYSE:CSS | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.40 | 0 | 01:00:00 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule TO
Tender Offer Statement under Section 14(d)(1) or 13(e)(1)
of the Securities Exchange Act of 1934
(Amendment No. 3)
CSS Industries, Inc.
(Name of Subject Company (Issuer))
Tom Merger Sub Inc.
(Offeror)
IG Design Group Americas, Inc.
(Direct Parent of Offeror)
IG Design Group Plc
(Indirect Parent of Offeror)
(Names of Filing Persons)
Common Stock, $0.10 par value
(Title of Class of Securities)
125906107
(CUSIP Number of Class of Securities)
Gideon Schlessinger,
President and CEO
IG Design Group Americas, Inc.
555 Glenridge Connector, Suite 300
Atlanta, Georgia 30342
Telephone: (770) 551-9727
(Name, Address and Telephone Numbers of Person Authorized to Receive Notices and Communications on Behalf of Filing Persons)
With copies to:
Andrew Hough
Seyfarth Shaw LLP
1075 Peachtree St., Suite 2500
Atlanta, GA 30309
(404) 885-6700
CALCULATION OF FILING FEE
Transaction Valuation(1) |
|
Amount of Filing Fee(2) |
$90,230,402.60 |
|
$11,711.91 |
Check the appropriate boxes below to designate any transactions to which the statement relates:
|
x |
Third-party tender offer subject to Rule 14d-1. |
|
o |
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
If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:
|
o |
Rule 13e-4(i) (Cross-Border Issuer Tender Offer) |
|
o |
Rule 14d-1(d) (Cross-Border Third-Party Tender Offer) |
This Amendment No. 3 (this Amendment) amends and supplements the Tender Offer Statement on Schedule TO filed by (i) IG Design Group Americas, Inc., a Georgia corporation (Parent), (ii) TOM MERGER SUB INC., a Delaware corporation and a direct, wholly owned subsidiary of Parent (Purchaser), and (iii) IG Design Group Plc, a public limited company incorporated and registered in England and Wales and the sole stockholder of Parent (IG Design), with the Securities and Exchange Commission (the Commission) on January 31, 2020, as previously amended by Amendment No. 1 as filed with the Commission on February 4, 2020 and Amendment No. 2 as filed with the Commission on February 11, 2020 (together with any subsequent amendments and supplements thereto, including this Amendment, the Schedule TO). The Schedule TO relates to the tender offer for all of the outstanding shares of common stock, par value $0.10 per share (the Shares) of CSS Industries, Inc., a Delaware corporation (the Company), at a price of $9.40 per Share, net to the seller in cash, subject to reduction for any applicable withholding taxes in respect thereof, without interest, upon the terms and conditions set forth in the offer to purchase, dated January 31, 2020 (the Offer to Purchase), a copy of which is attached as Exhibit (a)(1)(A), and in the related letter of transmittal, a copy of which is attached as Exhibit (a)(1)(B), which, together with any amendments or supplements, collectively constitute the Offer. This Schedule TO is being filed on behalf of Purchaser, Parent and IG Design.
All the information set forth in the Offer to Purchase, including Schedule I thereto, is incorporated by reference herein in response to Items 1 through 9 and Item 11 of this Schedule TO, except that such information is amended and supplemented to the extent specifically provided in this Amendment.
Capitalized terms used but not defined in this Amendment shall have the meanings assigned to such terms in the Schedule TO.
This Amendment is being filed to amend and supplement Items 1, 4, 6 and 7 as reflected below.
Items 4, 6 and 7 of the Schedule TO and the disclosures under Summary Term Sheet - What are the most significant conditions of the Offer, Section 9 Source and Amount of Funds and Section 11 The Merger Agreement - Financing of the Offer to Purchase are hereby amended and supplemented by inserting the following text at the end of such sections:
At the General Meeting of IG Design stockholders on February 11, 2020, stockholders of IG Design approved the issuance of Placing Shares in the second tranche of the Equity Financing and waived all preemptive rights in respect of such Placing Shares. Following the conclusion of the General Meeting, on February 12, 2020, IG Design completed the issuance and sale of the Placing Shares in second tranche of the Equity Financing for gross proceeds to IG Design of approximately $84.2 million of gross proceeds to IG Design. As a result of the completion of the second tranche of the Equity Financing, the Funding Condition under the Merger Agreement has now been satisfied.
Items 4 and 7 of the Schedule TO and the disclosure under Section 15 Certain Conditions of the Offer of the Offer to Purchase are hereby amended and supplemented by amending and restating the final sentence of the last paragraph of such Section 15 as follows:
Notwithstanding the provisions of the Merger Agreement, it is the SEC staff position that the failure by Parent or Merger Sub at any time to exercise any of the foregoing rights shall be deemed a waiver of any such right.
Items 4, 6 and 7 of the Schedule TO and the disclosure under Section 2 Acceptance for Payment and Payment for Shares and Section 11 The Merger Agreement - The Offer and The Merger Agreement - Certain Other Covenants and Agreements of the Offer to Purchase are hereby amended and supplemented as follows:
References to the consummation of the Offer as promptly as practicable after the Expiration Time are hereby amended and restated to delete the words as practicable and refer only to the consummation of the Offer promptly after the Expiration Time.
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.
|
TOM MERGER SUB INC. |
||
|
|
||
|
By: |
/s/ Giles Willits |
|
|
|
Name: |
Giles Willits |
|
|
Title: |
President |
|
|
Date: |
February 18, 2020 |
|
|
|
|
|
IG DESIGN GROUP AMERICAS, INC. |
||
|
|
||
|
By: |
/s/ Gideon Schlessinger |
|
|
|
Name: |
Gideon Schlessinger |
|
|
Title: |
President and Chief Executive Officer |
|
|
Date: |
February 18, 2020 |
|
|
|
|
|
IG DESIGN GROUP PLC |
||
|
|
||
|
By: |
/s/ Paul Fineman |
|
|
|
Name: |
Paul Fineman |
|
|
Title: |
Chief Executive Officer |
|
|
Date: |
February 18, 2020 |
EXHIBIT INDEX
* Previously Filed
+ Portions of this document have been omitted pursuant to a request for confidential treatment submitted to the Securities and Exchange Commission pursuant to 17 CFR 240.24b-2.
1 Year CSS Industries Chart |
1 Month CSS Industries Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions