Natrol Inc - Amended Statement of Ownership: Solicitation (SC 14D9/A)
13 Dezember 2007 - 11:28PM
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. 1)
NATROL, INC.
(Name of Subject Company)
NATROL, INC.
(Name of Persons Filing Statement)
Common Stock, $.01 Par Value
(Title of Class of Securities)
638789107
(CUSIP Number of Class
of Securities)
Steven S. Spitz
Vice President and General
Counsel Natrol, Inc.
21411 Prairie Street
Chatsworth,
California 91311
(818) 739-6000
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications on
Behalf of the Person Filing Statement)
With a Copy to:
Clifford E. Neimeth, Esq.
Greenberg
Traurig, LLP
The MetLife Building
200 Park Avenue
New York, New York 10166
(212) 801-9383
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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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This Amendment No. 1 (this Amendment) amends and supplements the Solicitation/Recommendation Statement
on Schedule 14D-9 initially filed on November 27, 2007 (the Statement) by Natrol, Inc., a Delaware corporation (the Company). The Statement relates to the cash tender offer by Nutra Acquisition Company Inc., a Delaware
corporation (Merger Sub) and a wholly owned subsidiary of Plethico Pharmaceuticals Limited, a public limited company incorporated under the laws of India (the Parent), disclosed in Parents and Merger Subs Tender
Offer Statement on Schedule TO dated November 27, 2007 (the Schedule TO) filed on November 27, 2007 with the Securities and Exchange Commission (the SEC), to purchase all of the outstanding shares of Common Stock of
the Company at $4.40 per share, net to the seller in cash (such price per share, or, if increased, such higher price per share, the Offer Price), without interest thereon and less any required withholding taxes, upon the terms and
subject to the conditions set forth in the Offer to Purchase dated November 27, 2007 (the Offer to Purchase) and in the related Letter of Transmittal (which, together with any amendments or supplements thereto, constitute the
Offer). Copies of the Offer to Purchase and the Letter of Transmittal are filed as Exhibits (a)(1)(A) and (a)(1)(B) thereto and are incorporated herein by reference. Capitalized terms used but not otherwise defined herein have
the meanings ascribed to such terms in the Statement. Except as otherwise set forth below, the information set forth in the Statement remains unchanged and is incorporated by reference as relevant to the items in this Amendment.
ITEM 3.
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PAST CONTACTS, TRANSACTIONS, NEGOTIATIONS AND AGREEMENTS
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Item 3 is hereby amended and supplemented by adding the following under (a) Arrangements with Current Executive Officers, Directors and Affiliates of the Company:
Each holder of Company Common Stock options may elect to participate in an election and procedure under which such options will automatically be cancelled as of the
Effective Time, and the holder of Company Common Stock options will receive following the Effective Time, an amount in cash equal to the Offer Price, subject to deduction for the exercise price and appropriate tax withholding, if applicable, as set
forth in the Offer to Purchase, other Offer documents and the Option Termination Election filed as Exhibit (a)(5)(C) hereto and incorporated herein by reference.
Item 9 is hereby amended and supplemented by adding
the following additional exhibits:
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Exhibit
No.
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Description
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(a)(5)(B)
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Letter to Option Holders, dated December 13, 2007.
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(a)(5)(C)
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Option Termination Election.
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SIGNATURES
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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NATROL, INC.
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(Registrant)
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Date: December 13, 2007
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By:
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/s/ Dennis R. Jolicoeur
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Name:
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Dennis R. Jolicoeur
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Title:
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Chief Financial Officer, Treasurer and Executive Vice President
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