- Amended Statement of Ownership: Solicitation (SC 14D9/A)
02 Décembre 2009 - 11:13PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14D-9
SOLICITATION/RECOMMENDATION STATEMENT
UNDER SECTION 14(d)(4) OF THE SECURITIES EXCHANGE ACT OF 1934
(Amendment
No. 2)
OSG AMERICA L.P.
(Name of Subject Company)
OSG AMERICA L.P.
(Name of Person Filing Statement)
Common Units representing limited partner interests
(Title of Class of Securities)
671028 10 8
(CUSIP Number of Class of Securities)
James I. Edelson
General Counsel and Secretary
OSG America LLC
Two Harbour Place
302 Knights Run Avenue
Tampa, FL 33602
(813) 209-0600
(Name, Address and Telephone Number of Person
Authorized
to Receive Notices and Communications on
Behalf of the Person(s) Filing Statement)
With a copy to:
Robert A. Profusek, Esq.
Andrew M. Levine, Esq.
Jones Day
222 East 41
st
Street
New York, NY 10017
(212) 326-3939
¨
Check the box if the filing relates solely to
preliminary communications made before the commencement of a tender offer.
This Amendment No. 2 (this Amendment No. 2)
amends and supplements the Solicitation/Recommendation Statement on
Schedule 14D-9 initially filed with the Securities and Exchange Commission
on November 5, 2009 by OSG America L.P., a Delaware limited partnership
(as amended or supplemented from time to time, including as amended by this
Amendment No. 2, the Statement).
Except as otherwise set forth below, the information
set forth in the Statement remains unchanged and is incorporated herein by
reference to the extent relevant to the items in this Amendment No. 2. Capitalized terms used but not otherwise
defined herein have the meanings ascribed to such terms in the Statement.
Item 3. Past Contacts, Transactions, Negotiations
and Agreements.
The
last sentence of the first paragraph under the heading Item 3Past Contacts,
Transactions, Negotiations and AgreementsConflicts of Interest and
Transactions with the Bidder and its Affiliates is replaced in its entirety
with the following sentence:
The Committee was authorized to consider and
evaluate the Offer as described under
Item
4The Solicitation or RecommendationDetermination and Recommendation of the
Conflicts Committee
; however the Offer was not conditioned on the
approval of the Conflicts Committee.
Item 4. The Solicitation or Recommendation.
Item 4 is hereby amended
and supplemented as follows:
1.
The paragraph under the heading Item 4The Solicitation or
RecommendationDetermination and Recommendation of the Conflicts Committee is
replaced in its entirety with the following paragraph:
The General Partner and the
Partnership have determined that the offer of $10.25 per Unit is fair to
Unitholders (other than OSG and its affiliates), and the Partnership recommends
that Unitholders tender their Units to the Bidder pursuant to the Offer. The determination and recommendation were
made by the Conflicts Committee pursuant to authority granted by the GP Board
to consider and evaluate the Offer, and make a recommendation (or refrain from
making a recommendation) on behalf of the Partnership as to whether Unitholders
(other than OSG and its affiliates) should accept or reject the Offer, or
whether to remain neutral with respect thereto (the Committee Authorization).
2.
The fifth sentence of the 42nd paragraph of the Statement (giving
effect to the prior amendments to the Statement) under the heading Item 4The
Solicitation or RecommendationBackground of the Offer is replaced in its
entirety with the following sentence:
After
considering the factors described in Reasons for the Determination of the
Conflicts Committee below, the Committee unanimously determined, for the
General Partner and the Partnership pursuant to the Committee Authorization,
that the offer of $10.25 per Unit is fair to Unitholders (other than OSG and
its affiliates), from a financial view, as of September 24, 2009.
3.
The last sentence of the last paragraph under the heading Item 4The
Solicitation or RecommendationBackground of the Offer is replaced in its
entirety with the following sentence:
Based upon the
foregoing, the Committees prior deliberations with respect to this matter and
the matters discussed in Reasons for the Determination and Recommendation of
the Conflicts Committee below,
the Committee unanimously
determined, for the Partnership
pursuant to the Committee Authorization
,
to recommend that Unitholders tender their Units to the Bidder pursuant
to the Offer.
4.
The first paragraph under the heading Item 4The Solicitation or
RecommendationReasons for the Determination and Recommendation of the
Conflicts Committee is replaced in its entirety with the following paragraph:
In
reaching the determination for the General Partner and the Partnership pursuant
to the Committee Authorization that the offer of $10.25 per Unit is fair to
Unitholders (other than OSG and its affiliates) and the recommendation for the
Partnership pursuant to the Committee Authorization that the Unitholders tender
their Units to the Bidder pursuant to the Offer, the Conflicts Committee
considered numerous factors and a substantial amount of information, including
at 15 Committee meetings held by the Committee since June 2009 and
substantial discussions in between such meetings. The principal factors supporting these
determinations are set forth next.
5.
The third paragraph under the heading Item 4The Solicitation or
RecommendationReasons for the Determination and Recommendation of the
Conflicts CommitteeProcedural Fairness is replaced in its entirety with the
following paragraph:
In
light of the foregoing factors and the Committees authority to consider and
evaluate the Offer for the General Partner and the Partnership pursuant to the
Committee Authorization, neither the General Partner nor the Partnership
retained an unaffiliated representative to act on behalf of the Partnerships
unaffiliated Unitholders for purposes of negotiating the terms of the Offer or
preparing a report concerning the fairness of the transaction.
6.
The first sentence of the last paragraph under the heading Item 4The
Solicitation or RecommendationReasons for the Determination and Recommendation
of the Conflicts CommitteeProcedural Fairness is replaced in its entirety
with the following sentence:
The foregoing
discussion of the reasons for the determination of the General Partner and the
Partnership and the recommendation of the Partnership, in each case acting
through the Conflicts Committee pursuant to the Committee Authorization, is not
intended to be exhaustive, but describes all of the material reasons underlying
the determination and recommendation.
2
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.
Dated:
December 2, 2009
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OSG
AMERICA L.P.
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By:
OSG America LLC, its general partner
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By:
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/s/ JAMES G. DOLPHIN
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Name: James G. Dolphin
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Title: Director
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