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. 3)
VITACOST.COM,
INC.
(Name of Subject Company)
VITACOST.COM,
INC.
(Name of Person(s) Filing Statement)
Common Stock,
par value $0.00001 per share
(Title of Class of Securities)
92847A200
(CUSIP Number
of Class of Securities)
Mary Marbach
Chief
Legal Officer and Corporate Secretary
Vitacost.com, Inc.
5400 Broken Sound Blvd. NW Suite 500
Boca Raton, Florida 33487-3521
(561) 982-4180
(Name,
address and telephone number of person authorized to receive notices and communications
on behalf of the person(s) filing statement)
With copies to:
Robert Sanchez, Esq.
Daniel Peale, Esq.
Wilson Sonsini Goodrich & Rosati
1700 K Street, NW, Fifth Floor
Washington, DC 20006
(202) 973-8800
¨
Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.
This Amendment No. 3 (
Amendment No. 3
) amends and supplements the
Solicitation/Recommendation Statement on Schedule 14D-9 initially filed with the Securities and Exchange Commission (the
SEC
) on July 18, 2014, as amended by Amendment No. 1 filed on August 1, 2014 and Amendment
No. 2 filed on August 8, 2014 (as previously filed with the SEC and as amended and supplemented from time to time, the
Schedule 14D-9
) by Vitacost.com, Inc., a Delaware corporation (
Vitacost
or the
Company
), relating to the offer (the
Offer
) by Vigor Acquisition Corp., a Delaware corporation (
Purchaser
), and wholly owned subsidiary of The Kroger Co., an Ohio corporation
(
Kroger
), as set forth in a Tender Offer Statement filed by Kroger and Purchaser on Schedule TO, dated July 18, 2014, as amended by Amendment No. 1 filed on August 1, 2014 and Amendment No. 2 filed on August 13,
2014 (as previously filed with the SEC and as amended and supplemented from time to time, the
Schedule TO
) to purchase all of the outstanding shares of common stock, par value $0.00001 per share, of the Company (the
Shares
) at a purchase price of $8.00 per Share, net to the holder thereof in cash, without interest and subject to any applicable tax withholding, upon the terms and subject to the conditions set forth in the Offer to Purchase,
dated July 18, 2014 and the related Letter of Transmittal, copies of which are filed with the Schedule TO as Exhibits (a)(1)(A) and (a)(1)(B) thereto. Any capitalized terms 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 herein by reference as relevant to items in this Amendment No. 3.
This Amendment No. 3 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 as follows:
The section entitled Additional InformationCertain Litigation is hereby amended and restated in its entirety to read to as follows:
Three purported class action lawsuits have been filed on behalf of Vitacost stockholders against various defendants including Vitacost,
the Vitacost Board, Kroger and Purchaser (collectively, the
Defendants
), in connection with the proposed Merger. Those cases are captioned
Ernst v. Vitacost.com, et. al.
, Case No. 2014 CA 008318 AJ (Fla. Cir. Ct., Palm
Beach Cnty., July 7, 2014);
Heim v. Vitacost.com, et. al.
, Case No. 9883-VCP (Del. Ch. Ct. July 15, 2014); and
Takis P. Dionisos v. Vitacost.com. et. al.
, Case No. 9945-VCP, (Del. Ch. Ct. July 24, 2014). The
complaints allege, generally, that the Vitacost Board breached their fiduciary duties to Vitacost stockholders, and that the other defendants aided and abetted such breaches, by seeking to sell Vitacost through an allegedly defective process, for an
unfair price, and on unfair terms. The
Dionisos
complaint also alleges that the Vitacost Board failed to disclose material information regarding the proposed Merger. The lawsuits seek, among other things, equitable relief enjoining the
consummation of the proposed Merger, rescission of the proposed Merger (to the extent the proposed Merger has already been consummated), damages, and attorneys fees and costs.
On July 24, 2014, the
Dionisos
plaintiff filed a motion for preliminary injunction. On July 31, 2014, the
Heim
lawsuit
and
Dionisos
lawsuit (collectively, the
Delaware Actions
) were consolidated into a single action in the Delaware Court of Chancery. A hearing on the motion for preliminary injunction was set for August 11, 2014 in the
Delaware Court of Chancery, and as set forth below, such motion has since been withdrawn.
1
On August 12, 2014, the parties to the Delaware Actions and the
Ernst
action
(collectively, the
Actions
) entered into a memorandum of understanding (the
Memorandum of Understanding
) to settle the Actions.
The Memorandum of Understanding provides that, among other things, Vitacost made additional disclosures and took certain actions contained in
Amendment No. 2 to the Schedule 14D-9 filed with the SEC on August 8, 2014. Pursuant to the agreement of the parties, the motion for a preliminary injunction in the Delaware Actions was withdrawn and the hearing relating thereto was
vacated.
While the Defendants believe that all of the lawsuits are without merit, and the Defendants specifically deny the allegations
made in the lawsuits and maintain that they have committed no wrongdoing whatsoever, to permit the timely consummation of the Merger, and without admitting the validity of any allegations made in the lawsuits, the Defendants concluded that it is
desirable that the Actions be resolved. The proposed settlement of the Actions, which is subject to confirmatory discovery and court approval, provides for the release of all claims against the Defendants relating to the Offer and proposed Merger.
There can be no assurance that the settlement will be finalized or that the Court of Chancery will approve the settlement.
2
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.
|
|
|
VITACOST.COM, INC.
|
|
|
By:
|
|
/s/ Jeffrey J. Horowitz
|
Name:
|
|
Jeffrey J. Horowitz
|
Title:
|
|
Chief Executive Officer
|
|
|
Dated:
|
|
August 13, 2014
|
3
Versatech (NASDAQ:VITC)
過去 株価チャート
から 5 2024 まで 6 2024
Versatech (NASDAQ:VITC)
過去 株価チャート
から 6 2023 まで 6 2024