This Amendment No. 4 (this
Amendment
) to Schedule
14D-9
amends and supplements the Solicitation/Recommendation Statement on Schedule
14D-9
(as amended or supplemented from time to time, the
Schedule
14D-9
), initially filed by Datawatch Corporation, a Delaware corporation (
Datawatch
), with the Securities and Exchange Commission (the
SEC
) on November 14, 2018,
relating to the tender offer by Dallas Merger Sub, Inc., a Delaware corporation (
Purchaser
) and a wholly-owned subsidiary of Altair Engineering Inc., a Delaware corporation (
Altair
), to purchase all of the
outstanding shares of Datawatchs Common Stock (the
Shares
) at a purchase price of $13.10 per Share, net to the seller in cash, without interest and subject to any required withholding taxes, upon the terms and subject to the
conditions set forth in the Offer to Purchase, dated November 14, 2018 (as it may be amended or supplemented from time to time, the
Offer to Purchase
), and the related Letter of Transmittal (as it may be amended or
supplemented from time to time, the
Letter of Transmittal
and, together with the Offer to Purchase, the
Offer
).
Except as otherwise set forth below, the information set forth in the Schedule
14D-9
remains unchanged
and is incorporated by reference as relevant to the items in this Amendment. Capitalized terms used and not defined herein have the meanings assigned to such terms in the Schedule
14D-9.
This Amendment is
being filed to reflect certain updates as reflected below.
ITEM 8. ADDITIONAL INFORMATION
Item 8 of the Schedule
14D-9
is hereby amended and supplemented by adding a new subsection entitled
Completion of the Offer
as the last subsection in Item 8:
At 12:00 midnight, Boston time, on December 12,
2018 (one minute after 11:59 P.M., Boston time, on December 12, 2018), the Offer expired as scheduled and was not extended. Purchaser was advised by the depository of the Offer that, as of the expiration of the Offer, a total of
8,954,113 Shares (excluding Shares with respect to which notices of guaranteed delivery were delivered) were validly tendered and not validly withdrawn pursuant to the Offer, representing approximately 70% of the outstanding Shares as of the
expiration of the Offer. In addition, the depository advised that notices of guaranteed delivery have been delivered with respect to 2,162,329 additional Shares, representing approximately 17% of the outstanding Shares as of the expiration of
the Offer.
The number of Shares tendered pursuant to the Offer satisfied the Minimum Condition to the Offer. All conditions to the Offer
having been satisfied, Purchaser irrevocably accepted for payment all Shares validly tendered and not validly withdrawn pursuant to the Offer and payment for such Shares will be made promptly in accordance with the terms of the Offer.
Following the consummation of the Offer, Altair and Purchaser have indicated that each intends to complete the acquisition of Datawatch
through the merger of Purchaser with and into Datawatch, with Datawatch surviving as a wholly owned subsidiary of Altair (the Merger). The Merger will be governed by Section 251(h) of the Delaware General Corporation Law, with no
stockholder vote required to consummate the Merger. At the effective time of the Merger (the Effective Time), any Shares not purchased pursuant to the Offer (other than Shares (i) owned by Datawatchs stockholders who properly
demanded appraisal in connection with the Merger as described in
Item 8. Additional InformationAppraisal Rights
of the Schedule
14D-9,
(ii) then owned by Datawatch or owned both at the
commencement of the Offer and at the Effective Time by any wholly owned subsidiary of Datawatch and (iii) irrevocably accepted for purchase in the Offer or owned both at the commencement of the Offer and at the Effective Time by Purchaser,
Altair or any other wholly owned subsidiary of Altair) will be cancelled and converted into the right to receive the Offer Price, without interest and less any applicable withholding taxes.
Following the Merger, Altair has indicated that it intends to cause the Shares to be delisted and cease to trade on the Nasdaq Capital
Market.
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