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
Rightside
Group, Ltd.
(Name of Subject Company)
DTS Sub Inc.
(Offeror)
Donuts Inc.
(Parent of Offeror)
(Name
of Filing Person)
Common Stock, $0.0001 par value per share
(Title of Class of Securities)
76658B100
(CUSIP Number
of Class of Securities)
Alvaro Alvarez
SVP, General Counsel & Secretary
Donuts Inc.
10500 NE 8th
Street, Suite 1450
Bellevue, Washington 98004
(424)
262-4238
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of the Person(s) Filing Statement)
With copies to:
Jens M. Fischer
Kara
Tatman
Perkins Coie LLP
1201 Third Avenue, Suite 4900
Seattle, Washington 98101-3099
(206)
359-8000
CALCULATION
OF FILING FEE
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Transaction Valuation(1)
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Amount of Filing Fee(2)
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$219,219,756.90
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$25,407.57
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(1)
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Estimated solely for purposes of calculating the amount of the filing fee. The transaction valuation was calculated by (i) multiplying the offer price of $10.60 by 21,309,166 Shares, which is the sum of (a)
19,287,957 outstanding shares of common stock, par value $0.0001 per share (Shares), of Rightside Group, Ltd. (Rightside), (b) 772,896 Shares underlying outstanding
in-the-money
stock options exercisable under Rightsides equity plans (the Options), and (c) 1,248,313 Shares underlying outstanding restricted stock units, and (ii) subtracting the
aggregate exercise price of the Options. This calculation does not include any Shares issuable upon exercise of the Companys outstanding warrants, as the exercise price per share for the warrants is greater than $10.60 per share. The warrants
are therefore not expected to be exercised. The foregoing share figures and aggregate exercise price have been provided by Rightside to the offeror and are as of June 23, 2017, the most recent practicable date.
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(2)
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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 2017, issued
August 31, 2016, by multiplying the transaction value by 0.00011590.
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☐
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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.
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Amount Previously Paid: Not applicable
Form or Registration No.: Not applicable
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Filing Party: Not applicable
Date Filed: Not applicable
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☐
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Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.
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Check the appropriate boxes below to designate any transactions to which the statement relates:
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☒
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Third-party tender offer subject to
Rule 14d-1.
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☐
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Issuer tender offer subject to
Rule 13e-4.
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☐
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Going-private transaction subject to
Rule 13e-3.
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☐
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Amendment to Schedule 13D under
Rule 13d-2.
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Check the
following box if the filing fee is a final amendment reporting the results of the tender offer: ☐
Check the appropriate boxes below to
designate any transactions to which the statement relates:
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☐
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Rule
13e-4(i)
(Cross-Border Issuer Tender Offer)
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☐
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Rule
14d-1(d)
(Cross-Border Third-Party Tender Offer)
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This Tender Offer Statement on Schedule TO (this
Schedule TO
) is filed by Donuts Inc.,
a Delaware corporation (
Parent
), and DTS Sub Inc., a Delaware corporation (
Purchaser
) and a wholly-owned subsidiary of Parent. This Schedule TO relates to the offer by Purchaser to purchase all of
the outstanding shares of common stock, par value $0.0001 per share (the
Shares
), of Rightside Group, Ltd., a Delaware corporation (
Rightside
or the
Company
), at a price
of $10.60 per Share, net to the holder 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 June 27 , 2017 (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. Pursuant to General Instruction F to Schedule TO, the information contained in the Offer to Purchase, including all
schedules and annexes to the Offer to Purchase, is hereby expressly incorporated in this Schedule TO by reference in response to Items 1 through 11 of this Schedule TO and is supplemented by the information specifically provided for in this Schedule
TO. The Agreement and Plan of Merger, dated as of June 13, 2017, by and among Parent, Purchaser, and Rightside, a copy of which is attached as Exhibit (d)(1) to this Schedule TO, is incorporated in this Schedule TO by reference with
respect to Items 4 through 6 and Item 11 of this Schedule TO.
Item 1.
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Summary Term Sheet.
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The information set forth in the section of the Offer to Purchase entitled
Summary Term Sheet is incorporated herein by reference.
Item 2.
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Subject Company Information.
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(a). The subject company and issuer of the securities subject to the Offer
is Rightside Group, Ltd., a Delaware corporation. The principal executive offices of Rightside are located at 5808 Lake Washington Blvd. NE, Suite 300, Kirkland, WA 98033 and the telephone number is (425)
298-2500.
(b). This Schedule TO relates to all of the outstanding shares of common stock, par value $0.0001 per
share, of Rightside. Rightside has advised Parent and Purchaser that, as of June 23, 2017, there were (i) 19,287,957 Shares of Rightside outstanding, (ii) 772,896 Shares underlying outstanding in-the money stock options exercisable under
Rightsides equity plans, and (iii) 1,248,313 Shares underlying outstanding restricted stock units.
(c). The information set forth in Section 6
of the Offer to Purchase entitled Price Range of Shares; Dividends is incorporated herein by reference.
Item 3.
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Identity and Background of Filing Person.
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(a), (b), (c). This Schedule TO is filed by Parent and
Purchaser. The information set forth in Section 8 of the Offer to Purchase entitled Certain Information Concerning Parent and Purchaser and in Schedule I to the Offer to Purchase is incorporated herein by reference.
Item 4.
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Terms of the Transaction.
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(a). The information set forth in the Summary Term Sheet, the
Introduction and Sections 1, 2, 3, 4, 5, 11, 12, 13 and 15 of the Offer to Purchase entitled Terms of the Offer, Acceptance for Payment and Payment for Shares, Procedures for Accepting the Offer and
Tendering Shares, Withdrawal Rights, Certain United States Federal Income Tax Consequences, The Merger Agreement, Purpose of the Offer; Plans for the Company, Certain Effects of the
Offer and Certain Conditions to the Offer, respectively, is incorporated herein by reference.
Item 5.
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Past Contacts, Transactions, Negotiations and Agreements.
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(a), (b). The information set forth in
the Summary Term Sheet, the Introduction and Sections 8, 10, 11 and 12 of the Offer to Purchase entitled Certain Information Concerning Parent and Purchaser, Background of the Offer; Past Contacts or
Negotiations with the Company, The Merger Agreement and Purpose of the Offer; Plans for the Company, respectively, is incorporated herein by reference.
Item 6.
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Purposes of the Transaction and Plans or Proposals.
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(a), (c)(1) through (7). The information set
forth in the Summary Term Sheet, the Introduction and Sections 10, 11, 12, 13 and 14 of the Offer to Purchase entitled Background of the Offer; Past Contacts or Negotiations with the Company, The Merger
Agreement, Purpose of the Offer; Plans for the Company, Certain Effects of the Offer and Dividends and Distributions, respectively, is incorporated herein by reference.
-1-
Item 7.
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Source and Amount of Funds or Other Consideration.
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(a), (b), (d). The information set forth in the
Summary Term Sheet and Section 9 of the Offer to Purchase entitled Source and Amount of Funds is incorporated herein by reference.
Item 8.
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Interest in Securities of the Subject Company.
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(a), (b). The information set forth in
Section 8 of the Offer to Purchase entitled Certain Information Concerning Parent and Purchaser and in Schedule I to the Offer to Purchase is incorporated herein by reference.
Item 9.
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Persons/Assets, Retained, Employed, Compensated or Used.
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(a). The information set forth in
Section 18 of the Offer to Purchase entitled Fees and Expenses is incorporated herein by reference.
Item 10.
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Financial Statements.
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(a), (b). Not Applicable.
Item 11.
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Additional Information.
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(a). The information set forth in the Summary Term Sheet and
Sections 8, 10, 11, 12 and 16 of the Offer to Purchase entitled Certain Information Concerning Parent and Purchaser, Background of the Offer; Past Contacts or Negotiations with the Company, The Merger Agreement,
Purpose of the Offer; Plans for the Company and Certain Legal Matters; Regulatory Approvals, respectively, is incorporated herein by reference.
(c). The information set forth in the Offer to Purchase and Letter of Transmittal is incorporated herein by reference.
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Exhibit
No.
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Description
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(a)(1)(A)
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Offer to Purchase, dated June 27, 2017.
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(a)(1)(B)
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Form of Letter of Transmittal.
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(a)(1)(C)
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Form of Notice of Guaranteed Delivery.
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(a)(1)(D)
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Form of Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.
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(a)(1)(E)
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Form of Letter to Clients for Use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.
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(a)(1)(F)
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Summary Advertisement as published in The New York Times on June 27, 2017.
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(a)(5)(A)
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Joint press release issued by Parent and Rightside, dated June
14, 2017 (incorporated by reference to Exhibit 99.1 to the Tender Offer Statement on Schedule
TO-C
filed by Parent on June 14, 2017).
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(a)(5)(B)
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Email to employees of Parent, dated June
14, 2017 (incorporated by reference to Exhibit 99.2 to the Tender Offer Statement on Schedule
TO-C
filed by Parent on June 14, 2017).
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(a)(5)(C)
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Email to registrars of Parent, dated June
14, 2017 (incorporated by reference to Exhibit 99.3 to the Tender Offer Statement on Schedule
TO-C
filed by Parent on June 14, 2017).
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(b)
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Debt Commitment Letter, dated June 13, 2017, by and among Silicon Valley Bank and Parent.
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(d)(1)
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Agreement and Plan of Merger, dated as of June
13, 2017, among Parent, Purchaser and Rightside (incorporated by reference to Exhibit 2.1 of Rightsides Current Report on Form
8-K
filed on June 14, 2017).
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(d)(2)
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Confidentiality Agreement between Parent and Rightside, dated as of March 27, 2017, and amended as of May 25, 2017.
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(g)
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Not applicable.
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(h)
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Not applicable.
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Item 13.
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Information Required by Schedule
13E-3.
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Not Applicable.
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.
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Dated: June 27, 2017
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DTS Sub Inc.
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By:
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/s/ A
LVARO
A
LVAREZ
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Name:
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Alvaro Alvarez
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Title:
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Vice President and Secretary
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Donuts Inc.
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Name:
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Alvaro Alvarez
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Title:
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SVP, General Counsel and Secretary
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EXHIBIT LIST
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Exhibit
No.
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Description
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(a)(1)(A)
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Offer to Purchase, dated June 27, 2017.
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(a)(1)(B)
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Form of Letter of Transmittal.
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(a)(1)(C)
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Form of Notice of Guaranteed Delivery.
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(a)(1)(D)
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Form of Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.
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(a)(1)(E)
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Form of Letter to Clients for Use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.
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(a)(1)(F)
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Summary Advertisement as published in The New York Times on June 27, 2017.
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(a)(5)(A)
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Joint press release issued by Parent and Rightside, dated June
14, 2017 (incorporated by reference to Exhibit 99.1 to the Tender Offer Statement on Schedule
TO-C
filed by Parent on June 14, 2017).
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(a)(5)(B)
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Email to employees of Parent, dated June
14, 2017 (incorporated by reference to Exhibit 99.2 to the Tender Offer Statement on Schedule
TO-C
filed by Parent on June 14, 2017).
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(a)(5)(C)
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Email to registrars of Parent, dated June
14, 2017 (incorporated by reference to Exhibit 99.3 to the Tender Offer Statement on Schedule
TO-C
filed by Parent on June 14, 2017).
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(b)
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Debt Commitment Letter, dated June 13, 2017, by and among Silicon Valley Bank and Parent.
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(d)(1)
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Agreement and Plan of Merger, dated as of June
13, 2017, among Parent, Purchaser and Rightside (incorporated by reference to Exhibit 2.1 of Rightsides Current Report on Form
8-K
filed on June 14, 2017).
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(d)(2)
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Confidentiality Agreement between Parent and Rightside, dated as of March 27, 2017, and amended as of May 25, 2017.
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(g)
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Not applicable.
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(h)
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Not applicable.
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