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. )
UGC Europe, Inc.
(Name of Subject Company (Issuer))
Europe Acquisition, Inc.
(Name of Filing Persons (Offeror))
Common Stock, par value $0.01 per share
(Title of Class of Securities)
90268P 10 2
(CUSIP Number of Class of Securities)
Michael T. Fries
President
Europe Acquisition, Inc.
4643 South Ulster Street, Suite 1300
Denver, Colorado 80237
(303) 770-4001
(Name, address, and telephone numbers of person authorized
to receive notices and communications on behalf of filing persons)
Copy to:
Garth B. Jensen, Esq.
Holme Roberts & Owen LLP
1700 Lincoln, Suite 4100
Denver, Colorado 80203
(303) 861-7000
CALCULATION OF FILING FEE
Transaction valuation(1) |
Amount of filing fee(2) |
|
$950,122,408 | $76,865 | |
Amount Previously Paid: | ||||
$71,284 |
||||
Form or Registration No.: |
Form S-4 |
|||
Filing Party: |
UnitedGlobalCom, Inc. |
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Date Filed: |
October 6, 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
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This Tender Offer Statement on Schedule TO (this "Tender Offer Statement") relates to the offer by Europe Acquisition, Inc. ("Purchaser"), a Delaware corporation and a wholly-owned indirect subsidiary of UnitedGlobalCom, Inc., a Delaware corporation ("United"), to exchange (the "Exchange Offer") each outstanding share of common stock, $0.01 par value per share (the "UGC Europe Shares") of UGC Europe, Inc., a Delaware corporation ("UGC Europe") not owned by United or its subsidiaries for 9.0 shares of Class A common stock, par value $0.01 per share (the "United Shares") of United, subject to certain terms and conditions.
Concurrently with the filing of this Tender Offer Statement, United is filing a registration statement on Form S-4 (the "Registration Statement") relating to the United Shares to be issued to the stockholders of UGC Europe in the Exchange Offer.
The terms and conditions of the Exchange Offer are set forth in the prospectus that is part of the Registration Statement (the "Prospectus"), a copy of which is attached hereto as Exhibit (a)(1), and in the related Letter of Transmittal, a copy of which is attached hereto as Exhibit (a)(2), as they may be supplemented and amended from time to time.
The information set forth in the Prospectus under the caption "Chapter I OverviewQuestions and Answers for Stockholders" is incorporated herein by reference. |
Item 2. Subject Company Information
(a) | Name and Address. The information set forth in the Prospectus under the "Chapter III Information About Us and UGC EuropeUGC Europe" is incorporated herein by reference. | |
(b) |
Securities. The information set forth in the Prospectus under the captions "Chapter II The TransactionThe Exchange OfferConditions of the Exchange Offer" and "Chapter V Certain Legal InformationDescription of UGC Europe's Capital StockCapital Stock" is incorporated herein by reference. |
|
(c) |
Trading Market and Price. The information set forth in the Prospectus under the caption "Chapter I OverviewComparative Per Share Market Price and Dividend Information" is incorporated herein by reference. |
Item 3. Identity and Background of Filing Person.
(a) | Name and Address. The information set forth in the Prospectus under the caption "Chapter III Information About Us and UGC EuropeUGC/SPCo. and Europe Acquisition" is incorporated herein by reference. | |
(b) |
Business and Background of Entities. The information set forth in the Prospectus under the captions "Chapter III Information About Us and UGC EuropeOur Company," "Chapter III Information About Us and UGC EuropeLiberty Media Corporation," "Chapter III Information About Us and UGC EuropeUGC/SPCo. and Europe Acquisition," "Chapter III Information About Us and UGC EuropeExecutive Officers and Directors," "Chapter III Information About Us and UGC EuropeIncorporation of Information By Reference," and "Chapter V Certain Legal InformationWhere You Can Find More Information" is incorporated herein by reference. |
|
(c) |
Business and Background of Natural Persons. The information set forth in the Prospectus under the caption "Chapter III Information About Us and UGC EuropeExecutive Officers and Directors" and in "Schedule 1Information Concerning Directors and Executive Officers" to the Prospectus is incorporated herein by reference. |
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Item 4. Terms of the Transaction.
(a)(1) | Tender Offers. | |
(a)(1)(i) |
Number and Class of Securities. The information set forth in the Prospectus under the captions "Chapter II The Exchange OfferTerms of the Exchange Offer," "Chapter II The TransactionThe Exchange OfferConditions of the Exchange Offer" and "Chapter II The TransactionThe Exchange OfferUGC Europe Capital Changes and Distributions" is incorporated herein by reference. |
|
(a)(1)(ii) |
Consideration. The information set forth in the Prospectus under the captions "Chapter II The TransactionThe Exchange OfferTerms of the Exchange Offer" and "Chapter II The TransactionThe Exchange OfferUGC Europe Capital Changes and Distributions" is incorporated herein by reference. |
|
(a)(1)(iii) |
Expiration. The information set forth in the Prospectus under the caption "Chapter II The TransactionThe Exchange OfferTerms of the Exchange Offer" is incorporated herein by reference. |
|
(a)(1)(iv) |
Subsequent Offering Period. The information set forth in the Prospectus under the caption "Chapter II The TransactionThe Exchange OfferTerms of the Exchange Offer" is incorporated herein by reference. |
|
(a)(1)(v) |
Extension. The information set forth in the Prospectus under the caption "Chapter II The TransactionThe Exchange OfferTerms of the Exchange Offer" is incorporated herein by reference. |
|
(a)(1)(vi) |
Withdrawal. The information set forth in the Prospectus under the caption "Chapter II The TransactionThe Exchange OfferRights of Withdrawal" is incorporated herein by reference. |
|
(a)(1)(vii) |
Procedures for Tender and Withdrawal. The information set forth in the Prospectus under the caption "Chapter II The TransactionThe Exchange OfferProcedure for Tendering Shares" is incorporated herein by reference. |
|
(a)(1)(viii) |
Accepting Securities for Payment. The information set forth in the Prospectus under the captions "Chapter II The TransactionThe Exchange OfferAcceptance for Exchange and Exchange for UGC Europe Shares" and "Chapter II The TransactionThe Exchange OfferConditions of the Exchange Offer" is incorporated herein by reference. |
|
(a)(1)(ix) |
Proration. Not applicable. |
|
(a)(1)(x) |
Differences in Rights of Security Holders. The information set forth in the Prospectus under the caption "Chapter V Certain Legal InformationComparison of the Rights of United Stockholders and UGC Europe Stockholders" is incorporated herein by reference. |
|
(a)(1)(xi) |
Accounting Treatment. The information set forth in the Prospectus under the caption "Chapter II The TransactionThe Exchange OfferAccounting Treatment" is incorporated herein by reference. |
|
(a)(1)(xii) |
Material Federal Income Tax Consequences. The information set forth in the Prospectus under the captions "Chapter II The TransactionThe Exchange OfferBackup Withholding" and "Chapter II The TransactionCertain Considerations Relating to the Exchange Offer and the MergerCertain Material United States Federal Income Tax Consequences" is incorporated herein by reference. |
|
(a)(2) |
Mergers or Similar Transactions. Not applicable. |
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Item 5. Past Contacts, Transactions, Negotiations and Agreements.
(a) | Transactions. The information set forth in the Prospectus under the captions "Chapter II The TransactionBackgroundOur Relationship with UGC Europe; Reorganization of UPC," "Chapter III Information About Us and UGC EuropeRelationships with UGC Europe," "Chapter III Information About Us and UGC EuropeAgreements Between UGC Europe and Us" and "Chapter V Certain Legal InformationDescription of UGC Europe's Capital StockStockholders Agreement" is incorporated herein by reference. | |
(b) |
Significant Corporate Events. The information set forth in the Prospectus under the captions "Chapter II The TransactionBackgroundOur Relationship with UGC Europe; Reorganization of UPC," "Chapter III Information About Us and UGC EuropeRelationships with UGC Europe," "Chapter III Information About Us and UGC EuropeAgreements Between UGC Europe and Us," and "Chapter V Certain Legal InformationDescription of UGC Europe's Capital StockStockholders Agreement" is incorporated herein by reference. |
Item 6. Purposes of the Transaction and Plans or Proposals.
(a) | Purposes. The information set forth in the Prospectus under the captions "Chapter II The TransactionBackgroundReasons for the Exchange Offer and the Merger," "Chapter II The TransactionBackgroundOur Board's Decision to Commence the Exchange Offer," "Chapter II The TransactionThe Exchange OfferThe Merger," "Chapter II The TransactionThe Exchange OfferStructure of the Exchange Offer and the Merger," "Chapter II The TransactionCertain Considerations Relating to the Exchange Offer and the MergerCertain Effects If We Complete Both the Exchange Offer and the Merger," and "Chapter II The TransactionCertain Considerations Relating to the Exchange Offer and the MergerPossible Alternative Transactions if We do not Acquire All of UGC Europe's Common Stock in the Exchange Offer and Merger" is incorporated herein by reference. | |
(c)(1)-(7) |
Plans. The information set forth in the Prospectus under the captions "Chapter II The TransactionBackgroundReasons for the Exchange Offer and the Merger," "Chapter II The TransactionBackgroundOur Board's Decision to Commence the Exchange Offer," "Chapter II The TransactionThe Exchange OfferThe Merger," "Chapter II The TransactionThe Exchange OfferStructure of the Exchange Offer and the Merger," "Chapter II The TransactionCertain Considerations Relating to the Exchange Offer and the MergerCertain Effects If We Complete Both the Exchange Offer and the Merger," and "Chapter II The TransactionCertain Considerations Relating to the Exchange Offer and the MergerPossible Alternative Transactions if We do not Acquire All of UGC Europe's Common Stock in the Exchange Offer and Merger" is incorporated herein by reference. |
Item 7. Source and Amount of Funds and Other Consideration.
(a) | Source of Funds. The information set forth in the Prospectus under the caption "Chapter II The TransactionThe Exchange OfferSource and Amount of Funds" is incorporated herein by reference. | |
(b) |
Conditions. Not applicable. |
|
(d) |
Borrowed Funds. Not applicable. |
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Item 8. Interest in Securities of the Subject Company.
(a) | Securities Ownership. The information set forth in the Prospectus under the captions "Chapter II The TransactionThe Exchange OfferStructure of the Exchange Offer and the Merger," "Chapter III Information About Us and UGC EuropeRelationships with UGC Europe" and "Chapter V Certain Legal InformationDescription of UGC Europe's Capital StockStockholders Agreement" is incorporated herein by reference. | |
(b) |
Securities Transactions. The information set forth in the Prospectus under the caption "Chapter III Information About Us and UGC EuropeRelationships with UGC Europe" is incorporated herein by reference. |
Item 9. Person/Assets, Retained, Employed, Compensated or Used.
(a) | Solicitations or Recommendations. The information set forth in the Prospectus under the caption "Chapter II The TransactionThe Exchange OfferFees and Expenses" is incorporated herein by reference. |
Item 10. Financial Statements.
(a) | Financial Information. The information set forth in the Prospectus under the captions "Chapter I SummarySummary Selected Historical Consolidated Financial Data of United," "Chapter III Information About Us and UGC EuropeIncorporation of Information By Reference" and "Chapter IV Financial InformationSelected Financial Data of United" is incorporated herein by reference. | |
(b) |
Pro Forma Information. The information set forth in the Prospectus under the captions "Chapter I SummarySummary Selected Unaudited Pro Forma Condensed Consolidated Financial Information of United" and "Chapter IV Selected Financial InformationUnaudited Pro Forma Condensed Consolidated Financial Information" is incorporated herein by reference. |
Item 11. Additional Information.
(a) | Agreements, Regulatory Requirements and Legal Proceedings. | |
(a)(1) |
Material Agreements. The information set forth in the Prospectus under the captions "Chapter I OverviewRisk Factors," "Chapter I OverviewForward Looking Statements" and "Chapter III Information About Us and UGC EuropeOther Relationships" and in "Schedule II Information Concerning Certain Relationships Among Us, Liberty and UGC Europe" to the Prospectus is incorporated herein by reference. |
|
(a)(2)-(3) |
Regulatory Requirements; Anti-Trust Laws. The information set forth in the Prospectus under the captions "Chapter II The TransactionThe Exchange OfferConditions of the Exchange Offer" and "Chapter II The TransactionThe Exchange OfferRegulatory Approvals" is incorporated herein by reference. |
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(a)(4) |
Margin Requirements. The information set forth in the Prospectus under the caption "Chapter I OverviewRisk FactorsThere could be adverse effects if we complete the exchange offer but are not able to complete the 'short-form' merger for any reason" is incorporated herein by reference. |
|
(a)(5) |
Legal Proceedings. None. |
|
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(b) |
Other Material Information. The information set forth in the Prospectus and the appendices thereto is incorporated herein by reference. |
The following are attached as exhibits to this Schedule TO: |
Exhibit Number |
Exhibit Description |
|
---|---|---|
(a)(1) | Prospectus relating to United Shares to be issued in the Exchange Offer (incorporated by reference from United's Registration Statement on Form S-4 filed on October 6, 2003). | |
(a)(2) |
Letter of Transmittal. |
|
(a)(3) |
Notice of Guaranteed Delivery. |
|
(a)(4) |
Letter to brokers, dealers, commercial banks, trust companies and other nominees. |
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(a)(5) |
Letter to be used by brokers, dealers, commercial banks, trust companies and other nominees to their clients. |
|
(a)(6) |
Press release issued by United on October 6, 2003. |
|
(b) |
None. |
|
(d)(1) |
Founders Agreement with respect to UnitedGlobalCom, Inc. (formerly known as New UnitedGlobalCom, Inc.), dated January 30, 2002 (incorporated by reference from United's Registration Statement on Form S-1 dated February 14, 2002 (File No. 333-82776)). |
|
(d)(2) |
Stockholders Agreement among UnitedGlobalCom, Inc. (formerly known as New UnitedGlobalCom, Inc.), Liberty Media Corporation, Liberty Global, Inc., Liberty UCOMA, LLC and each of the Persons identified on the signature pages thereto as a "Founder," dated January 30, 2002 (incorporated by reference from United's Registration Statement on Form S-1 dated February 14, 2002 (File No. 333-82776)). |
|
(d)(3) |
Share Exchange Agreement, dated August 18, 2003, by and among certain of United's founding stockholders and Liberty Media Corporation (incorporated by reference from that certain Schedule 13D/A filed by such founding stockholders on August 21, 2003). |
|
(d)(4) |
Stockholders Agreement dated as of April 16, 2003, by and among UGC Europe, Inc., UnitedGlobalCom, Inc., and the holders of Common Stock that have executed and delivered a joinder on or prior to April 29, 2003 (incorporated by reference from UGC Europe's Current Report on Form 8-K dated September 3, 2003). |
|
(g) |
None. |
|
(h) |
None. |
Item 13. Information Required by Schedule 13E-3.
Not applicable. |
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After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Schedule TO is true, complete and correct.
EUROPE ACQUISITION, INC. |
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By: |
/s/ FREDERICK G. WESTERMAN III |
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Name: | Frederick G. Westerman III | |||
Title: | Vice President and Treasurer |
Date: October 6, 2003
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Exhibit Number |
Exhibit Description |
|
---|---|---|
(a)(1) | Prospectus relating to United Shares to be issued in the Exchange Offer (incorporated by reference from United's Registration Statement on Form S-4 filed on October 6, 2003). | |
(a)(2) |
Letter of Transmittal. |
|
(a)(3) |
Notice of Guaranteed Delivery. |
|
(a)(4) |
Letter to brokers, dealers, commercial banks, trust companies and other nominees. |
|
(a)(5) |
Letter to be used by brokers, dealers, commercial banks, trust companies and other nominees to their clients. |
|
(a)(6) |
Press release issued by United on October 6, 2003. |
|
(b) |
None. |
|
(d)(1) |
Founders Agreement with respect to UnitedGlobalCom, Inc. (formerly known as New UnitedGlobalCom, Inc.), dated January 30, 2002 (incorporated by reference from United's Registration Statement on Form S-1 dated February 14, 2002 (File No. 333-82776)). |
|
(d)(2) |
Stockholders Agreement among UnitedGlobalCom, Inc. (formerly known as New UnitedGlobalCom, Inc.), Liberty Media Corporation, Liberty Global, Inc., Liberty UCOMA, LLC and each of the Persons identified on the signature pages thereto as a "Founder," dated January 30, 2002 (incorporated by reference from United's Registration Statement on Form S-1 dated February 14, 2002 (File No. 333-82776)). |
|
(d)(3) |
Share Exchange Agreement, dated August 18, 2003, by and among certain of United's founding stockholders and Liberty Media Corporation (incorporated by reference from that certain Schedule 13D/A filed by such founding stockholders on August 21, 2003). |
|
(d)(4) |
Stockholders Agreement dated as of April 16, 2003, by and among UGC Europe, Inc., UnitedGlobalCom, Inc., and the holders of Common Stock that have executed and delivered a joinder on or prior to April 29, 2003 (incorporated by reference from UGC Europe's Current Report on Form 8-K dated September 3, 2003). |
|
(g) |
None. |
|
(h) |
None. |