Tender Offer Statement by Third Party (sc To-t)
October 19 2017 - 2:28PM
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
Onvia, Inc.
(Name of Subject Company (Issuer))
Project Olympus Merger Sub, Inc.
(Offeror)
a wholly owned
subsidiary of
Project Diamond Intermediate Holdings Corporation
(Names of Filing Persons (Parent of Offeror))
the parent company of
Deltek, Inc.
(Names of
Filing Persons (Other Person))
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COMMON STOCK, $0.0001 PAR VALUE
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68338T403
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(Title of Class of Securities)
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(CUSIP Number of Class of Securities)
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John K. Stipancich
Vice
President and Secretary
Deltek, Inc.
2291 Wood Oak Drive
Herndon, Virginia 20171
(703)
734-8606
(Name, address, and telephone numbers of person authorized to receive notices and communications on behalf of filing persons)
Copies to:
Joel T.
May
William J. Zawrotny
Jones Day
1420 Peachtree
Street, N.E., Suite 800
Atlanta, Georgia 30309-3053
(404)
521-3939
CALCULATION OF
FILING FEE
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Transaction Valuation
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Amount of Filing Fee
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$75,116,637*
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$9,352.03**
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*
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Estimated solely for purposes of calculating the filing fee pursuant to Rule
0-11(d)
under the Securities Exchange Act of 1934, as amended (the Exchange Act). The
Transaction Valuation was calculated on the basis of (a) 8,346,293 shares of common stock, $0.0001 par value per share, of Onvia, Inc. (the Shares), which is the estimated maximum number of Shares that may be acquired in this tender
offer (representing (i) 7,322,893 Shares issued and outstanding; (ii) up to 987,751 Shares issuable upon the exercise of outstanding stock options; (iii) up to 25,000 Shares issuable upon the vesting of outstanding restricted stock units;
and (iv) 10,649 Shares issuable on October 31, 2017 pursuant to Onvias 2000 Amended Employee Stock Purchase Plan, as amended), multiplied by (b) the offer price of $9.00 per Share. The foregoing share figures have been provided by
the issuer to the offerors and are as of October 16, 2017, the most recent practicable date.
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**
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The filing fee was calculated in accordance with Rule
0-11(d)
under the Exchange Act and Fee Rate Advisory No. 1 for Fiscal Year 2018, issued by the Securities and Exchange
Commission on August 24, 2017, by multiplying the Transaction Valuation by 0.0001245.
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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: n/a
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Filing Party: n/a
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Form or Registration No.: n/a
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Date Filed: n/a
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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: ☐
If applicable, check the
appropriate box(es) below to designate the appropriate rule provision(s) relied upon:
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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
) relates to the
offer (the
Offer
) by Project Olympus Merger Sub, Inc., a Delaware corporation (
Purchaser
) and a wholly owned subsidiary of Project Diamond Intermediate Holdings Corporation, a Delaware corporation
(
Parent
) and the parent company of Deltek, Inc., a Delaware corporation (
Deltek
), to purchase any and all issued and outstanding shares of common stock, $0.0001 par value per share (the
Shares
), of Onvia, Inc., a Delaware corporation (
Onvia
), at a price of $9.00 per Share, net to the seller in cash, without interest thereon and subject to any applicable withholding taxes, upon the terms and
subject to the conditions set forth in the Offer to Purchase, dated October 19, 2017 (as it may be amended or supplemented from time to time, the
Offer to Purchase
), which is annexed to and filed with this Schedule TO as
Exhibit (a)(1)(A), and in the related Letter of Transmittal (as it may be amended or supplemented from time to time, the
Letter of Transmittal
), which is annexed to and filed with this Schedule TO as Exhibit (a)(1)(B), which,
together with any amendments or supplements thereto, collectively constitute the
Offer
.
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)
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The name of the subject company and the issuer of the securities to which this Schedule TO relates is Onvia, Inc., a Delaware corporation. Onvias principal executive offices are located at 590 Olive Way, Suite
400, Seattle, Washington 98101. Onvias telephone number at such principal executive offices is (206)
282-5170.
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(b)
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This Schedule TO relates to the issued and outstanding Shares of Onvia. Onvia has advised Parent, Purchaser and Deltek that, as of October 16, 2017, the most recent practicable date, there were an aggregate of (i)
7,322,893 Shares issued and outstanding; (ii) up to 987,751 Shares issuable upon the exercise of outstanding stock options; (iii) up to 25,000 Shares issuable upon the vesting of outstanding restricted stock units; and (iv) 10,649 Shares
issuable on October 31, 2017 pursuant to Onvias 2000 Amended Employee Stock Purchase Plan, as amended.
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(c)
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The information set forth in Section 6 Price Range of Shares; Dividends of the Offer to Purchase is incorporated herein by reference.
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Item 3.
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Identity and Background of Filing Person.
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This Schedule TO is being filed by Purchaser,
Parent and Deltek. The information set forth in Section 9 Certain Information Concerning Purchaser, Parent and Deltek of the Offer to Purchase and in Schedule A to the Offer to Purchase is incorporated herein by
reference.
Item 4.
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Terms of the Transaction.
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The information set forth in the Offer to Purchase is
incorporated herein by reference.
Item 5.
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Past Contacts, Transactions, Negotiations and Agreements.
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The information set forth in
the sections of the Offer to Purchase entitled Summary Term Sheet and Introduction and Sections 9, 10 and 11 Certain Information Concerning Purchaser, Parent and Deltek, Background of the
Offer; Past Contacts, Transactions, Negotiations and Agreements and Purpose of the Offer and Plans for Onvia; Merger Agreement and Other Agreements of the Offer to Purchase is incorporated herein by reference.
- 2 -
Item 6.
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Purposes of the Transaction and Plans or Proposals.
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The information set forth in the
sections of the Offer to Purchase entitled Summary Term Sheet and Introduction and Sections 6, 7, 11 and 14 Price Range of Shares; Dividends, Possible Effects of the Offer; NASDAQ Listing;
Exchange Act Registration, Purpose of the Offer and Plans for Onvia; Merger Agreement and Other Agreements and Dividends and Distributions of the Offer to Purchase is incorporated herein by reference.
Item 7.
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Source and Amount of Funds or Other Consideration.
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The information set forth in the
section of the Offer to Purchase entitled Summary Term Sheet and Sections 10, 11 and 12 Background of the Offer; Past Contacts, Transactions, Negotiations and Agreements, Purpose of the Offer and Plans
for Onvia; Merger Agreement and Other Agreements and Source and Amount of Funds of the Offer to Purchase is incorporated herein by reference.
Item 8.
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Interest in Securities of the Subject Company.
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The information set forth in Sections 9
and 11 Certain Information Concerning Purchaser, Parent and Deltek and Purpose of the Offer and Plans for Onvia; Merger Agreement and Other Agreements of 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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The information set forth in
the section of the Offer to Purchase entitled Introduction and Sections 10, 11 and 17 Background of the Offer; Past Contacts, Transactions, Negotiations and Agreements, Purpose of the Offer and Plans
for Onvia; Merger Agreement and Other Agreements and Fees and Expenses of the Offer to Purchase is incorporated herein by reference.
Item 10.
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Financial Statements.
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Not applicable.
Item 11.
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Additional Information.
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(a)(1)
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Not applicable.
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(a)(2)
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The information set forth in Sections 11, 13 and 15 Purpose of the Offer and Plans for Onvia; Merger Agreement and Other Agreements, Conditions of the Offer and Certain Legal Matters;
Regulatory Approvals of the Offer to Purchase is incorporated herein by reference.
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(a)(3)
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Not applicable.
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(a)(4)
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Not applicable.
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(a)(5)
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Not applicable.
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(c)
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The information set forth in the Offer to Purchase and the Letter of Transmittal is incorporated herein by reference.
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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)(5)(A)
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Press Release issued by Deltek, Inc. on October 5, 2017(1)
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(a)(5)(B)
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Memo to Employees issued by Deltek, Inc. on October 5, 2017(2)
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(a)(5)(C)
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Memo to Key Customers issued by Deltek, Inc. on October 5, 2017(3)
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(a)(5)(D)
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Frequently Asked Questions(4)
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(a)(5)(E)
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Social Media Posts on October 5, 2017(5)
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(a)(5)(F)
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Summary Newspaper Advertisement as published in The Wall Street Journal on October 19, 2017
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(a)(5)(G)
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Press Release issued by Deltek, Inc. on October 19, 2017
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(b)
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Not applicable
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(d)(1)
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Agreement and Plan of Merger, dated as of October
4, 2017, by and among Onvia, Inc., Project Diamond Intermediate Holdings Corporation and Project Olympus Merger Sub, Inc.(6)
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(d)(2)
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Confidentiality Agreement, dated as of August 1, 2017, by and between Roper Technologies, Inc. and Onvia, Inc.
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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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(1)
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Incorporated by reference to Exhibit 99.1 to the Tender Offer Statement on Schedule TO filed by Project Diamond Intermediate Holdings Corporation on October 5, 2017
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(2)
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Incorporated by reference to Exhibit 99.2 to the Tender Offer Statement on Schedule TO filed by Project Diamond Intermediate Holdings Corporation on October 5, 2017
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(3)
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Incorporated by reference to Exhibit 99.3 to the Tender Offer Statement on Schedule TO filed by Project Diamond Intermediate Holdings Corporation on October 5, 2017
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(4)
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Incorporated by reference to Exhibit 99.4 to the Tender Offer Statement on Schedule TO filed by Project Diamond Intermediate Holdings Corporation on October 5, 2017
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(5)
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Incorporated by reference to Exhibit 99.5 to the Tender Offer Statement on Schedule TO filed by Project Diamond Intermediate Holdings Corporation on October 5, 2017
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(6)
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Incorporated by reference to Exhibit 2.1 to the Current Report on Form
8-K
filed by Onvia, Inc. on October 5, 2017 (File Number:
001-35164)
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Item 13.
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Information Required by Schedule
13E-3.
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Not
applicable.
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EXHIBIT INDEX
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(a)(1)(A)
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Offer to Purchase, dated October 19, 2017
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(a)(1)(B)
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Form of Letter of Transmittal (including Form
W-9,
Form
W-8BEN
and Form
W-8BEN-E,
and instructions for completing such forms)
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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)(5)(A)
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Press Release issued by Deltek, Inc. on October 5, 2017(1)
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(a)(5)(B)
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Memo to Employees issued by Deltek, Inc. on October 5, 2017(2)
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(a)(5)(C)
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Memo to Key Customers issued by Deltek, Inc. on October 5, 2017(3)
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(a)(5)(D)
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Frequently Asked Questions(4)
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(a)(5)(E)
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Social Media Posts on October 5, 2017(5)
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(a)(5)(F)
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Summary Newspaper Advertisement as published in The Wall Street Journal on October 19, 2017
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(a)(5)(G)
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Press Release issued by Deltek, Inc. on October 19, 2017
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(b)
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Not applicable
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(d)(1)
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Agreement and Plan of Merger, dated as of October
4, 2017, by and among Onvia, Inc., Project Diamond Intermediate Holdings Corporation and Project Olympus Merger Sub, Inc.(6)
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(d)(2)
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Confidentiality Agreement, dated as of August 1, 2017, by and between Roper Technologies, Inc. and Onvia, Inc.
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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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(1)
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Incorporated by reference to Exhibit 99.1 to the Tender Offer Statement on Schedule TO filed by Project Diamond Intermediate Holdings Corporation on October 5, 2017
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(2)
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Incorporated by reference to Exhibit 99.2 to the Tender Offer Statement on Schedule TO filed by Project Diamond Intermediate Holdings Corporation on October 5, 2017
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(3)
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Incorporated by reference to Exhibit 99.3 to the Tender Offer Statement on Schedule TO filed by Project Diamond Intermediate Holdings Corporation on October 5, 2017
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(4)
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Incorporated by reference to Exhibit 99.4 to the Tender Offer Statement on Schedule TO filed by Project Diamond Intermediate Holdings Corporation on October 5, 2017
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(5)
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Incorporated by reference to Exhibit 99.5 to the Tender Offer Statement on Schedule TO filed by Project Diamond Intermediate Holdings Corporation on October 5, 2017
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(6)
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Incorporated by reference to Exhibit 2.1 to the Current Report on Form
8-K
filed by Onvia, Inc. on October 5, 2017 (File Number:
001-35164)
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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: October 19, 2017
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DELTEK, INC.
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By:
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/s/ John K. Stipancich
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John K. Stipancich
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Vice President and Secretary
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PROJECT DIAMOND INTERMEDIATE HOLDINGS CORPORATION
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By:
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/s/ John K. Stipancich
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John K. Stipancich
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Vice President and Secretary
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PROJECT OLYMPUS MERGER SUB, INC.
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By:
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/s/ John K. Stipancich
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John K. Stipancich
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Vice President and Secretary
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- 6 -
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