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. 6)
DIMENSION
THERAPEUTICS, INC.
(Name of Subject Company (Issuer))
MYSTIC RIVER MERGER SUB INC.
a wholly-owned subsidiary of
ULTRAGENYX PHARMACEUTICAL INC.
(Names of Filing Persons (Offeror))
Common Stock, Par Value $0.0001 Per Share
(Title of Class of Securities)
25433V105
(Cusip Number
of Class of Securities)
Karah Parschauer
Executive Vice President and General Counsel
Ultragenyx Pharmaceutical Inc.
60 Leveroni Court
Novato, California 94949
415.483.8800
(Name,
Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Filing Persons)
Copies to:
Graham Robinson
Laura Knoll
Skadden,
Arps, Slate, Meagher & Flom LLP
500 Boylston Street
Boston, MA 02210
(617)
573-4850
CALCULATION
OF FILING FEE
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Transaction Valuation*
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Amount of Filing Fee**
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$169,070,280.00
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$21,049.25
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*
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Estimated for purposes of calculating the filing fee only. The transaction valuation was calculated as the sum of (i) 25,205,395 outstanding shares of common stock, par value $0.0001 per share (the Shares),
of Dimension Therapeutics, Inc. (Dimension) multiplied by $6.00, (ii) 2,966,053 Shares issuable pursuant to outstanding stock options that have vested (or are anticipated to vest prior to the completion of the transaction) multiplied by
$6.00 and (iii) 6,932 Shares issuable pursuant to outstanding unvested restricted stock that are anticipated to vest prior to the completion of the transaction multiplied by $6.00. The calculation of the filing fee is based on information provided
by Dimension as of October 2, 2017.
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**
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The filing fee was calculated in accordance with Rule
0-11
under the Securities Exchange Act of 1934, as amended, and Fee Rate Advisory No. 1 for Fiscal Year 2018, issued
August 24, 2017, by multiplying the transaction value by 0.00012450.
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☒
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Check 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: $21,049.25
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Filing Party:Mystic River Merger Sub Inc. and Ultragenyx Pharmaceutical Inc.
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Form or Registration No.: Schedule TO
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Date Filed:October 10, 2017
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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 is a final amendment reporting the results of the tender offer. ☒
This Amendment No. 6 (this Amendment) amends and supplements the Tender Offer
Statement on Schedule TO filed by Mystic River Merger Sub Inc., a Delaware corporation (Purchaser), and Ultragenyx Pharmaceutical Inc., a Delaware corporation (Parent), with the U.S. Securities and Exchange Commission on
October 10, 2017 (together with any subsequent amendments and supplements thereto, the Schedule TO). The Schedule TO relates to the offer by Purchaser to purchase all outstanding shares of common stock, $0.0001 par value per share
(Shares), of Dimension Therapeutics, Inc., a Delaware corporation (Dimension), at a price of $6.00 per Share, net to the holder in cash, without interest upon the terms and subject to the conditions described in the Offer to
Purchase dated October 10, 2017 (together with any amendments or supplements thereto, the Offer to Purchase) and in the accompanying Letter of Transmittal (together with any amendments or supplements thereto, the Letter of
Transmittal, and with the Offer to Purchase, the Offer), which are annexed to and filed with this Schedule TO as Exhibits (a)(1)(A) and (a)(1)(B), respectively. Purchaser is a wholly-owned subsidiary of Parent. This
Amendment is being filed on behalf of Parent and Purchaser. Unless otherwise indicated, references to sections in this Schedule TO are references to sections of the Offer to Purchase.
Amendments to the Offer to Purchase
Items 1 through 11.
The information set forth in the Offer to Purchase and Items 1 through 11 of the Schedule TO, to the extent such Items incorporate by
reference the information contained in the Offer to Purchase, are hereby amended and supplemented as follows:
At 12:00 midnight, Eastern time, on
Tuesday, November 7, 2017 (one minute after 11:59 p.m., Eastern time, on November 6, 2017), the Offer expired. The Depositary advised Purchaser that, as of the expiration of the Offer, a total of 21,947,871 Shares were validly
tendered and not properly withdrawn pursuant to the Offer, representing approximately 86.5% of the Shares outstanding as of the expiration of the Offer. The Depositary advised Purchaser that Notices of Guaranteed Delivery have been delivered with
respect to 125,702 Shares, representing less than one percent of the outstanding Shares as of the expiration of the Offer.
As of the expiration of
the Offer, the number of Shares validly tendered and not properly withdrawn pursuant to the Offer satisfied the Minimum Tender Condition, and all other conditions to the Offer were satisfied or waived. Immediately after the expiration of the
Offer, Purchaser irrevocably accepted for payment, and will promptly pay for, all Shares tendered and not properly withdrawn pursuant to the Offer.
Following expiration of the Offer and acceptance for payment of the Shares, Parent and Purchaser had ownership sufficient to effect the Merger under
Section 251(h) of the DGCL without a vote of the Dimension stockholders. Accordingly, Purchaser has effected the Merger in which Purchaser merged with and into Dimension with Dimension surviving the Merger and continuing as a wholly-owned
subsidiary of Parent. At the effective time of the Merger, each issued and outstanding Share other than Shares owned by Parent, Purchaser or Dimension (other than Shares held in trust accounts, managed accounts and the like, or otherwise held
in a fiduciary or agency capacity, that are beneficially owned by third parties or Shares for which a Dimension stockholder has properly exercised appraisal rights under Delaware law) was canceled and converted into the right to receive $6.00, in
cash, without interest.
Following consummation of the Merger, the Shares ceased to trade on NASDAQ prior to the opening of business on November 7,
2017, and Dimension has requested that NASDAQ file a Notification of Removal from Listing and/or Registration under Section 12(b) of the Exchange Act on Form 25 to delist and deregister the Shares. Parent and Purchaser intend to take steps
to cause the termination of the registration of the Shares under the Exchange Act and suspend all of Dimensions reporting obligations under the Exchange Act as promptly as practicable.
On November 7, 2017, Parent issued a press release announcing the expiration and results of the Offer. The full text of the press release is
attached as Exhibit (a)(5)(H) hereto, and is incorporated herein by reference.
Item 12.
Item 12 of the Schedule TO is hereby amended and supplemented by adding the following exhibit:
(a)(5)(H)
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Press Release of Parent, dated November 7, 2017, announcing the expiration and results of the Offer.
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SIGNATURE
After due inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is
true, complete and correct.
Dated: November 7, 2017
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MYSTIC RIVER MERGER SUB INC.
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By:
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/s/ Karah Parschauer
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Name:
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Karah Parschauer
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Title:
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Vice President and Secretary
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ULTRAGENYX PHARMACEUTICAL INC.
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By:
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/s/ Shalini Sharp
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Name:
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Shalini Sharp
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Title:
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Executive Vice President and Chief Financial Officer
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EXHIBIT INDEX
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Index No.
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(a)(1)(A)
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Offer to Purchase, dated October 10, 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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Form of Summary Advertisement, published October 10, 2017 in The New York Times*
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(a)(5)(A)
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Press Release, dated September 18, 2017 (incorporated by reference to Exhibit 99.1 to the Current Report on
Form 8-K
filed by Parent with the Securities and Exchange Commission
on September 18, 2017)*
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(a)(5)(B)
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Investor Presentation, dated September 18, 2017 (incorporated by reference to Exhibit 99.2 to the Current Report on Form
8-K
filed by Parent with the Securities and Exchange Commission on
September 18, 2017)*
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(a)(5)(C)
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Transcript of Parent Investor Conference Call held on September 18, 2017 (incorporated by reference to Exhibit 99.1 to the Current Report on Form
8-K
filed by Parent with the Securities
and Exchange Commission on September 19, 2017)*
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(a)(5)(D)
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Transcript of Parent presentation on September 22, 2017 (incorporated by reference to Exhibit 99.1 to the Current Report on Form
8-K
filed by Parent with the Securities and Exchange
Commission on September 25, 2017)*
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(a)(5)(E)
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Press Release, dated October 2, 2017 (incorporated by reference to Exhibit 99.1 to the Current Report on Form
8-K
filed by Parent with the Securities and Exchange Commission on
October 2, 2017)*
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(a)(5)(F)
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Joint Press Release of Parent and Dimension, dated October 3, 2017 (incorporated by reference to Exhibit 99.1 to the Current Report on Form
8-K
filed by Parent with the Securities and
Exchange Commission on October 3, 2017)*
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(a)(5)(G)
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Joint Press Release of Parent and Dimension, dated October 26, 2017, announcing expiration of the waiting period under the HSR Act*
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(a)(5)(H)
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Press Release of Parent, dated November 7, 2017, announcing the expiration and results of the Offer
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(d)(1)
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Agreement and Plan of Merger, dated as of October 2, 2017, by and among Dimension, Parent and Purchaser (incorporated by reference to Exhibit 2.1 to the Current Report on
Form 8-K
filed by Parent with the Securities and Exchange Commission on October 3, 2017)*
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(d)(2)
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Confidentiality Agreement, dated September 19, 2017, between Dimension and Parent (incorporated by reference to Exhibit (e)(2) to the
Schedule 14D-9
filed by Dimension with the
Securities and Exchange Commission on October 10, 2017)*
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(d)(3)
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Scientific Advisory Council Agreement, dated as of January 6, 2015, between Dr. Emil Kakkis and Dimension*
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