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. 13
NEXT LEVEL COMMUNICATIONS, INC.
(Name of Subject Company (issuer))
MOTOROLA, INC.
(Names of Filing Persons (identifying status as offeror, issuer or other person))
Common Stock, par value $0.01 per Share
(Title of Class of Securities)
65333U 10 4
(CUISIP Number of Class of Securities)
Michelle M. Warner
Motorola, Inc.
1303 East Algonquin Road, Schaumburg, IL 60196
(847) 576-5000
(Name, address, and telephone numbers of persons authorized
to receive notices and communications on behalf of filing persons))
Calculation of Filing Fee
Transaction valuation(1) |
Amount of filing fee(2) |
|
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$33,234,912 | $3,027 | |
Amount Previously Paid: | $2,800 | |||
Form or Registration No.: | Not applicable | |||
Filing Party: | Motorola, Inc. | |||
Date Filed: | January 27, 2003 |
Check the appropriate boxes below to designate any transactions to which the statement relates:
Check the following box if the filing is a final amendment reporting the results of the tender offer: o
CUSIP No. 65333U 10 4 |
1. | Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Motorola, Inc. |
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2. | Check the Appropriate Box if a Member of a Group. (See Instructions) | (a) o | ||||||
(b) o | ||||||||
3. | SEC Use Only |
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4. | Source of Funds (See Instructions). WC |
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5. | Check Box If Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e). | |||||||
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(6) | Citizenship or Place of Organization Delaware |
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Number of Shares Beneficially Owned By Each Reporting Person With |
7. | Sole Voting Power. 196,008,238 (Includes 40,186,630 shares of common stock which are subject to warrants currently exercisable within 60 days, 13,824,884 shares of common stock subject to Series A Convertible Preferred Stock, 51,387,000 shares of common stock subject to Series A-1 Convertible Preferred Stock, and 26,506,000 shares of common stock subject to Series A-2 Convertible Preferred Stock. |
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8. | Shared Voting Power. 0 |
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9. | Sole Dispositive Power. 196,008,238 (Includes 40,186,630 shares of common stock which are subject to warrants currently exercisable within 60 days, 13,824,884 shares of common stock subject to Series A Convertible Preferred Stock, 51,387,000 shares of common stock subject to Series A-1 Convertible Preferred Stock, and 26,506,000 shares of common stock subject to Series A-2 Convertible Preferred Stock.) |
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10. | Shared Dispositive Power. 0 |
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11. | Aggregate Amount Beneficially Owned by Each Reporting Person 196,008,238* (Includes 40,186,630 shares of common stock which are subject to warrants currently exercisable within 60 days, 13,824,884 shares of common stock subject to Series A Convertible Preferred Stock, 51,387,000 shares of common stock subject to Series A-1 Convertible Preferred Stock, and 26,506,000 shares of common stock subject to Series A-2 Convertible Preferred Stock.) |
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* | In addition to this amount, Next Level Partners, LLC, and Spencer and Jacquelyn Segura, who collectively, beneficially own 2,697,369, Shares, have agreed to tender their Shares into Motorola's tender offer. See Exhibits (a)(1)(xxviii), (a)(1)(xxix), (a)(1)(xxx) and (a)(1)(xxxi). | |||||||
12. | Check Box If The Aggregate Amount In Row (11) Excludes Certain Shares (See Instructions) | |||||||
o | ||||||||
13. | Percent of Class Represented by Amount in Row (11) 89.67% |
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14. | Type of Reporting Person (See Instructions) CO |
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Amendment No. 13 amends and supplements the Tender Offer Statement, Rule 13e-3 Transaction Statement and Schedule 13D/A filed under cover of Schedule TO initially filed with the Securities and Exchange Commission ("SEC") on January 27, 2003, and as amended and supplemented by Amendment No. 1 filed with the SEC on February 4, 2003, Amendment No. 2 filed with the SEC on February 21, 2003, Amendment No. 3 filed with the SEC on February 26, 2003, Amendment No. 4 filed with the SEC on February 28, 2003, Amendment No. 5 filed with the SEC on March 3, 2003, Amendment No. 6 filed with the SEC on March 4, 2003, Amendment No. 7 filed with the SEC on March 5, 2003, Amendment No. 8 filed with the SEC on March 10, 2003, Amendment No. 9 filed with the SEC on March 17, 2003, Amendment No. 10 filed with the SEC on March 17, 2003, Amendment No. 11 filed with the SEC on March 20, 2003, and Amendment No. 12 filed with the SEC on March 24, 2003 (as so amended, the "Schedule TO") by Motorola, Inc., a Delaware corporation ("Motorola"), to purchase all outstanding shares of Common Stock, par value $0.01 per share (the "Shares"), of Next Level Communications, Inc., a Delaware corporation ("Next Level"), not owned by Motorola or its subsidiaries, at an increased purchase price of $1.18 per Share net to the seller in cash ("Offer Price"). The original offer is set forth in the in the Offer to Purchase dated January 27, 2003 (the "Offer to Purchase"), and in the related Letter of Transmittal (which, together with the Offer to Purchase, constitute the "Amended Offer"), copies of which were attached as Exhibits (a)(1)(i) and (a)(1)(ii), respectively to the Schedule TO. Capitalized terms used herein and not otherwise defined have the respecting meanings ascribed to them in the Offer to Purchase.
Item 1. Summary Term Sheet
Item 1 is amended and supplemented by adding the following:
Reference is made to the information set forth under Summary Term Sheet and Questions and Answers About the Amended Offer in the Supplement to the Offer to Purchase, which is incorporated herein by reference.
Item 2. Subject Company Information
Item 2 is amended and supplemented by the adding the following:
(a) Reference is made to the information set forth under Supplemental Terms of the Tender OfferSection 6 ("Certain Information Concerning Next Level") in the Supplement to the Offer to Purchase, which is incorporated herein by reference.
(b) Reference is made to the information set forth under Introduction in the Supplement to the Offer to Purchase, which is incorporated herein by reference.
(c) Reference is made to the information set forth under Supplemental Terms of the Tender OfferSection 5 ("Price Range of Shares; Dividends") in the Supplement to the Offer to Purchase, which is incorporated herein by reference.
Item 3. Identity and Background of Filing Person
Item 3 is amended and supplemented by adding the following:
(a)-(c) Reference is made to the information set forth under Supplemental Terms of the Tender OfferSection 7 ("Certain Information Concerning Motorola") in the Supplement, which is incorporated herein by reference.
Item 4. Terms of the Transaction
Item 4 is amended and supplemented by adding the following:
(a) Reference is made to the information set forth under Summary Term Sheet; Introduction; Supplemental Terms of The Tender OfferSections 1 ("Terms of the Amended Offer"), 2 ("Acceptance for Payment and Payment for Shares"), 3 ("Procedure for Tendering Shares") and 4 ("Rights of
Withdrawal") in the Supplement to the Offer to Purchase, which is incorporated herein by reference.
(b) Reference is made to the information set forth under Summary Term Sheet of the Supplement to Offer to Purchase, which is incorporated herein by reference.
Item 5. Past Contacts, Transactions, Negotiations and Agreements.
N/A
Item 6. Purpose of the Transaction and Plans or Proposals
Item 6 is amended and supplemented by adding the following:
(a) and (c)(1)-(7) Reference is made to the information set forth under Summary Term Sheet, Questions and Answers About the Amended Offer, Introduction, Special FactorsSection 1 ("Background of the Amended Offer"), 2 ("Next Level's Position Regarding the Fairness of the Amended Offer"), 4 ("Motorola's Position Regarding the Fairness of the Amended Offer") and Supplemental Terms of the Tender OfferSection 8 ("Certain Conditions of the Amended Offer") in the Supplement to the Offer to Purchase, which is incorporated herein by reference.
Item 7. Source and Amount of Funds or Other Consideration
Item 7 is amended and supplemented by adding the following:
(a) and (b) Reference is made to the information set forth under Supplemental Terms of the Tender OfferSection 10 ("Source and Amount of Funds") in the Supplement to the Offer to Purchase, which is incorporated herein by reference.
(d) Not applicable.
Item 8. Interest in Securities of Subject Company
Item 8 is amended and supplemented by adding the following:
(a) and (b) Reference is made to the information set forth under Introduction in the Supplement to the Offer to Purchase, which is incorporated herein by reference.
Item 9. Persons / Assets, Retained, Employed, Compensated or Used
N/A
Item 10. Financial Statements
N/A
Item 11. Additional Information
Item 11 is amended and supplemented by adding the following:
(a)(2) Reference is made to the information set forth under Introduction, Supplemental Terms of The Tender OfferSections 2 ("Acceptance for Payment and Payment for Shares"), 3 ("Procedure for Tendering Shares") and 9 ("Certain Legal Matters") in the Supplement to the Offer to Purchase, which is incorporated herein by reference.
(a)(5) Reference is made to the information set forth under Supplemental Terms of The Tender OfferSection 9 ("Certain Legal Matters") in the Supplement to the Offer to Purchase, which is incorporated herein by reference.
(b) Reference is made to the Letter of Transmittal and the information set forth under Special FactorsSections 2 ("Next Level's Position Regarding the Fairness of the Amended Offer");
and 4 ("Motorola's Position Regarding the Fairness of the Amended Offer") in the Supplement to the Offer to Purchase which is incorporated herein by reference.
Item 12. Exhibits
(a)(1)(xxi) | Joint Letter from Motorola and Next Level to Shareholders of Next Level, dated March 26, 2003. | |
(a)(1)(xxii) | Supplement to Offer to Purchase, dated March 26, 2003. | |
(a)(1)(xxiii) | Revised Letter of Transmittal. | |
(a)(1)(xxiv) | Revised Notice of Guaranteed Delivery. | |
(a)(1)(xxv) | Revised Letter from the Dealer Manager to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees. | |
(a)(1)(xxvi) | Revised Letter to Clients for use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees. | |
(a)(1)(xxvii) | Guidelines for Certification of Taxpayer Identification Number on Substitute Form-9. | |
(a)(1)(xxviii) | Lockup Agreement, dated March 25, 2003, by and between Next Level Partners LLC and Motorola. | |
(a)(1)(xxix) | Lockup Agreement, dated March 25, 2003, by and between Spencer F. Segura Revocable Trust and Motorola. | |
(a)(1)(xxx) | Lockup Agreement, dated March 25, 2003, by and between Spencer F. Segura Family Trust and Motorola. | |
(a)(1)(xxxi) | Lockup Agreement, dated March 24, 2003, by and between Jacqueline Segura and Motorola. | |
(b) | None. | |
(d) | None. | |
(g) | None. | |
(h) | None. |
Item 13. Information Required by Schedule 13E-3
Item 2. Subject Company Information
Item 2 is amended and supplemented by adding the following:
(d) Reference is made to the information set forth under The Tender OfferSection 5 ("Price Range of Shares; Dividends") in the Supplement to the Offer to Purchase, which is incorporated herein by reference.
(e) Not Applicable.
(f) Reference is made to the information set forth under The Tender OfferSection 5 ("Price Range of Shares; Dividends") in the Supplement to the Offer to Purchase, which is incorporated herein by reference.
Item 4. Terms of the Transaction
N/A
Item 5. Past Contacts, Transactions, Negotiations and Agreements
Item 5 is supplemented and amended by adding the following:
(c) Reference is made to the information set forth under Introduction, Special FactorsSections 1 ("Background of the Amended Offer") and Supplemental Terms of the Tender OfferSections 8 ("Certain Conditions of the Amended Offer") in the Supplement to the Offer to Purchase, which is incorporated herein by reference.
(e) Reference is made to the information set forth under Introduction, Special FactorsSections 3 ("Lock-up Agreements"), Supplemental Terms of The Tender OfferSections 1 ("Terms of the Amended Offer"), 2 ("Acceptance for Payment and Payment for Shares"), 3 ("Procedure for Tendering Shares"), 4 ("Rights of Withdrawal"), 8 ("Certain Conditions of the Amended Offer") and
10 ("Source and Amount of Funds"), in the Supplement to the Offer to Purchase, which is incorporated herein by reference.
Item 6. Purposes of the Transaction and Plans or Proposals
N/A
Item 7. Purposes, Alternatives, Reasons and Effects
Item 7 is amended and supplemented by adding the following:
(a), (b) and (c) Reference is made to the information set forth under Introduction; Special FactorsSections 2 ("Next Level's Position Regarding the Fairness of the Amended Offer") and 4 ("Motorola's Position Regarding the Fairness of the Amended Offer") in the Supplement to Offer to Purchase, which is incorporated herein by reference.
(d) Reference is made to the information set forth under Introduction in the Supplement to Offer to Purchase, which is incorporated herein by reference.
Item 8. Fairness of the Transaction
Item 8 is amended and supplemented by adding the following:
(a), (b), (c), (d), (e) and (f) Reference is made to the information set forth under Special FactorsSections 2 ("Next Level's Position Regarding the Fairness of the Amended Offer") and 4 ("Motorola's Position Regarding the Fairness of the Amended Offer") in the Supplement to Offer to Purchase, which is incorporated herein by reference.
Item 9. Reports, Opinions, Appraisals and Negotiations
N/A
Item 10. Source and Amount of Funds or Other Consideration
N/A
Item 12. The Solicitation or Recommendation
Item 12 is amended and supplemented by adding the following:
(d) Reference is made to the information set forth under Introduction and Special FactorsSections 3 ("Lock-up Agreements") of the Supplement to Offer to Purchase, which is incorporated herein by reference.
(e) Reference is made to the information set forth under Summary Term Sheet of the Supplement to Offer to Purchase, which is incorporated herein by reference.
Item 14. Persons/Assets Retained, Employed, Compensated or Used
Item 16. Exhibits.
N/A
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.
MOTOROLA, INC. | |||
By: |
/s/ DONALD F. MCLELLAN |
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Name: | Donald F. McLellan | ||
Title: | Corporate Vice President & Director, Corporate Development |
Date: March 26, 2003
(a)(1)(xxi) | Joint Letter from Motorola and Next Level to Shareholders of Next Level, dated March 26, 2003. | |
(a)(1)(xxii) |
Supplement to Offer to Purchase, dated March 26, 2003. |
|
(a)(1)(xxiii) |
Revised Letter of Transmittal. |
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(a)(1)(xxiv) |
Revised Notice of Guaranteed Delivery. |
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(a)(1)(xxv) |
Revised Letter from the Dealer Manager to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees. |
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(a)(1)(xxvi) |
Revised Letter to Clients for use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees. |
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(a)(1)(xxvii) |
Guidelines for Certification of Taxpayer Identification Number on Substitute Form-9. |
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(a)(1)(xxviii) |
Lockup Agreement, dated March 25, 2003, by and between Next Level Partners LLC and Motorola. |
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(a)(1)(xxix) |
Lockup Agreement, dated March 25, 2003, by and between Spencer F. Segura Revocable Trust and Motorola. |
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(a)(1)(xxx) |
Lockup Agreement, dated March 25, 2003, by and between Spencer F. Segura Family Trust and Motorola. |
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(a)(1)(xxxi) |
Lockup Agreement, dated March 24, 2003, by and between Jacqueline Segura and Motorola. |
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(b) |
None. |
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(d) |
None. |
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(g) |
None. |
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(h) |
None. |