Amended Tender Offer Statement by Third Party (sc To-t/a)
December 27 2021 - 7:08AM
Edgar (US Regulatory)
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. 2)
DICERNA PHARMACEUTICALS, INC.
(Name of Subject Company (Issuer))
NNUS NEW RESEARCH, INC.
an indirect wholly owned subsidiary of
NOVO NORDISK A/S
(Names of Filing Persons (Offeror))
Common Stock, Par Value $0.0001 Per Share
(Title of Class of Securities)
253031108
(Cusip Number of Class of Securities)
Tomas Haagen
General Counsel
Novo Nordisk A/S
Novo Allé, DK- 2880, Bagsvaerd
Denmark
Telephone: +45 4444 8888
(Name, Address and Telephone Number of Person Authorized
to
Receive Notices and Communications on Behalf of Filing Persons)
Copy to:
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William H. Aaronson
Davis Polk & Wardwell LLP
450 Lexington Avenue
New York, NY 10017
(212) 450-4000
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CALCULATION OF FILING FEE
Transaction Valuation*
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Amount of Filing Fee**
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3,234,126,302.44
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299,803.51
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*
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Solely for the purpose of calculating the filing fee, the underlying value of the transaction was calculated based on the sum of (a)
the product of 75,849,396 shares of common stock (calculated as 78,129,378 shares of common stock issued and outstanding less 2,279,982
shares of common stock owned by Novo Nordisk A/S) and $38.25 per share; (b) the product of 13,418,179 shares of common stock underlying
outstanding options and $21.61, which is the difference between $38.25 and the weighted average exercise price of $16.64 per share of
the underlying outstanding stock options; (c) the product of 1,122,093 shares of common stock underlying outstanding restricted stock
unit awards and $38.25 per share. The calculation of the filing fee is based on information provided by the Company as of November 22,
2021.
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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 2022, issued August 23, 2021 and effective October 1, 2021, by multiplying the transaction value by 0.0000927.
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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:
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$299,803.51
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Filing Party:
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NNUS New Research, Inc. and Novo Nordisk A/S
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Form or Registration No.:
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Schedule TO-T
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Date Filed:
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November 24, 2021
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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. 2 (this “Amendment”) amends and supplements
the Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission on November 24, 2021 (together with any subsequent
amendments and supplements thereto, the “Schedule TO”), by NNUS New Research, Inc., a Delaware corporation (“Purchaser”)
and an indirect wholly owned subsidiary of Novo Nordisk A/S, a Danish aktieselskab (“Parent”), and Parent. The 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 Dicerna Pharmaceuticals, Inc., a Delaware corporation (the “Company”), at a purchase price of $38.25 per Share, net to
the holder in cash, without interest and subject to any withholding of taxes, upon the terms and subject to the conditions described in
the Offer to Purchase dated November 24, 2021 (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 and with the Offer to Purchase, the
“Offer”), which are attached to the Schedule TO as Exhibits (a)(1)(A) and (a)(1)(B), respectively.
Except as otherwise set forth in this Amendment, the information set
forth in the Schedule TO remains unchanged and is incorporated herein by reference to the extent relevant to the items in this Amendment.
Capitalized terms used but not defined herein have the meanings ascribed to them in the Schedule TO.
ITEMS 1 THROUGH 9; AND ITEM 11.
The information set forth in
the Offer to Purchase under “The Tender Offer—Section 15— Certain Legal Matters; Regulatory Approvals
– Antitrust” and Items 1 through 9 and Item 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 by replacing the second to fifth sentences
of the second paragraph of the subsection titled “Antitrust” as such sentences were added by Amendment No. 1 to the
Schedule TO filed with the SEC on December 8, 2021, with the following paragraph:
“On December 9, 2021, Parent
filed a Premerger Notification and Report Form with the FTC and the Antitrust Division in connection with the purchase of Shares
in the Offer. The required waiting period under the HSR Act with respect to the Offer expired at 11:59 p.m., Eastern Time on December
24, 2021. Accordingly, the HSR Condition in Section 13—“Conditions of the Offer” has been satisfied.”
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 27, 2021
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NNUS NEW RESEARCH, INC.
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By:
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/s/ Ulrich Christian Otte
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Name:
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Ulrich Christian Otte
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Title:
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President
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NOVO NORDISK A/S
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By:
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/s/ Karsten Munk Knudsen
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Name:
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Karsten Munk Knudsen
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Title:
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Executive Vice President and Chief Financial Officer
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