UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington , DC 20549

 

SCHEDULE 14D-9/A

 

SOLICITATION/RECOMMENDATION STATEMENT UNDER

SECTION 14(d)(4) OF THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 9)

 

ELSTER GROUP SE

(Name of Subject Company)

 

ELSTER GROUP SE

(Name of Person(s) Filing Statement)

 

Ordinary Shares, nominal value €1 per share

American Depositary Shares, each representing

one-fourth of one Ordinary Share

 

(Title of Class of Securities)

 

D24648 103
290348 101
(CUSIP Number of Class of Securities)

 

John D. Bluth

Elster Solutions, LLC

208 South Rogers Lane

Raleigh, NC 27610-2144

+1 (919) 212-4700
(Name, Address and Telephone Number of Person Authorized to Receive
Notice and Communications on Behalf of the Person(s) Filing Statement)

 

With a copy to:

A. Peter Harwich Thomas Preute
Allen & Overy LLP Chief Legal Officer
1221 Avenue of the Americas Elster Group SE
New York, New York 10020 Frankenstrasse 362
+1 (212) 610-6300 45133 Essen, Germany
  +49 201 54 58 0

 

¨ Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

 

 
 

 

This Amendment No. 9 (this “ Amendment ”) amends and supplements the Solicitation/Recommendation Statement on Schedule 14D-9 initially filed by Elster Group SE, a European public limited liability company ( Societas Europaea , or SE) with its registered seat in Germany (“ Elster ”) with the U.S. Securities and Exchange Commission (the “ SEC ”) on July 9, 2012 and amended by Amendment No. 1 to the Schedule 14D-9 filed with the SEC on July 10, 2012, Amendment No. 2 to the Schedule 14D-9 filed with the SEC on July 16, 2012, Amendment No. 3 to the Schedule 14D-9 filed with the SEC on July 17, 2012, Amendment No. 4 to the Schedule 14D-9 filed with the SEC on July 24, 2012, Amendment No. 5 to the Schedule 14D-9 filed with the SEC on August 3, 2012, Amendment No. 6 to the Schedule 14D-9 filed with the SEC on August 8, 2012, Amendment No. 7 to the Schedule 14D-9 filed with the SEC on August 15, 2012, and Amendment No. 8 to the Schedule 14D-9 filed with the SEC on August 17, 2012 (as previously filed with the SEC, and as amended, the “ Schedule 14D-9 ”) relating to the cash tender offer by Mintford AG, a stock corporation established under German law, registered in the commercial register of the local court of Düsseldorf, Germany, under HRB 65980 (“ Bidder ”) and an indirect wholly owned subsidiary of Melrose PLC, a public limited company incorporated under the laws of the United Kingdom and registered in England and Wales with registered number 4763064 (“ Melrose ”), to purchase (i) all issued and outstanding American Depositary Shares of Elster (“ ADSs ”), each representing one-fourth of one ordinary share of Elster, nominal value €1 per share (“ Share ”) at a purchase price of $20.50 per ADS (the “ ADS Offer Price ”), and (ii) all issued and outstanding Shares (which are not otherwise represented by ADSs) at a purchase price of $82.00 per Share (the “ Share Offer Price ”, the ADS Offer Price or the Share Offer Price, as applicable, the “ Offer Price ”), in each case payable net to the seller in cash, without interest and subject to any withholding of taxes required by applicable law. The tender offer is disclosed in the Tender Offer Statement on Schedule TO (together with the exhibits thereto, as it may be amended or supplemented, the “ Schedule TO ”), filed by Bidder and Melrose with the SEC on July 9, 2012, and is upon the terms and subject to the conditions set forth in the Offer to Purchase dated July 9, 2012 (as it may be amended or supplemented, the “ Offer to Purchase ”), and in the Letter of Transmittal to Tender American Depositary Shares (as it may be amended or supplemented, the “ ADS Letter of Transmittal ”) and the Letter of Transmittal to Tender Ordinary Shares (as it may be amended or supplemented, the “ Share Letter of Transmittal ”, and, together with the ADS Letter of Transmittal, the “ Letter of Transmittal ”, and such Letter of Transmittal, together with the Offer to Purchase, the “ Offer ”), copies of which were filed as Exhibits (a)(1)(A), (a)(1)(B), and (a)(1)(C), respectively, to the Schedule TO, and are incorporated herein by reference. Any capitalized term used and not otherwise defined herein shall have the meaning ascribed to such term in the Schedule 14D-9.

 

Except as otherwise set forth below, the information set forth in the Schedule 14D-9 remains unchanged and is incorporated by reference as relevant to the items in this Amendment. This Amendment is being filed to reflect certain updates as reflected below.

 

Item 8. Additional Information

 

Item 8 of the Schedule 14D-9 is hereby amended and supplemented by adding the following at the end of Item 8 (as amended by Amendment No. 6 to the Schedule 14D-9 and Amendment No. 7 to the Schedule 14D-9):

 

Expiration of the Offer and Commencement of a Subsequent Offering Period

 

The initial offering period of the Offer expired at 12:00 midnight, New York City time, on August 22, 2012. On August 23, 2012, Melrose issued a press release announcing that the tender agent has advised Melrose that, as of the expiration time of the Offer, approximately 99.35% of the total share capital of Elster was tendered, which includes 17,412,069 Shares and 41,338,334 ADSs that had been validly tendered and not validly withdrawn and an additional 1,162,322 ADSs tendered subject to guaranteed delivery procedures. Bidder has accepted for payment, and expects to promptly pay for, all Securities validly tendered and not validly withdrawn on or prior to the expiration time of the initial offering period of the Offer.

 

On August 23, 2012, Bidder commenced a subsequent offering period for all remaining untendered Securities. The subsequent offering period will expire at 5:00 p.m., New York City time, on August 28, 2012, unless extended. Any such extension will be followed by a public announcement no later than 9:00 a.m., New York City time, on the next business day after the subsequent offering period was scheduled to expire.

 

 
 

 

The same $82.00 per Share and $20.50 per ADS in cash offered during the initial offering period of the Offer will be paid to Elster shareholders who tender their Securities during the subsequent offering period. Bidder will immediately accept for payment all Securities validly tendered during this subsequent offering period, and payment will be made promptly after acceptance in accordance with the terms of the Offer. Procedures for tendering Securities during the subsequent offering period are the same as during the initial offering period with two exceptions: (1) Securities cannot be tendered by the guaranteed delivery procedure, and (2) Securities tendered during the subsequent offering period may not be withdrawn. Securities validly tendered during the initial offering period of the Offer may not be withdrawn during the subsequent offering period.

 

The press release issued by Melrose announcing the expiration of the Offer and the commencement of the subsequent offering period is filed as Exhibit (a)(5)(H) to the Schedule TO and is incorporated herein by reference.”

 

Item 9. Exhibits

 

Item   9 of the Schedule 14D-9 is hereby amended and supplemented by adding the following exhibit.

 

Exhibit No.   Document
(a)(5)(I)   Press release issued by Melrose PLC on August 23, 2012 (incorporated by reference to Exhibit (a)(5)(H) to the Schedule TO).

 

 
 

 

SIGNATURES

 

After due inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct.

 

  Elster Group SE

 

  By: /s/ Rainer Beaujean
     
  Name: Rainer Beaujean
     
  Title: Managing Director and Chief Financial Officer
     
  Date: August 23, 2012
     
  By: /s/ Thomas Preute
     
  Name: Thomas Preute
     
  Title: Managing Director and Chief Legal Officer
     
  Date: August 23, 2012

 

 
 

 

EXHIBIT INDEX

 

Exhibit No.   Document
(a)(5)(I)   Press release issued by Melrose PLC on August 23, 2012 (incorporated by reference to Exhibit (a)(5)(H) to the Schedule TO).

 

 

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