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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE TO-T/ A
Tender Offer Statement under Section 14(d)(1) or 13(e)(1)
of the Securities Exchange Act of 1934
(Amendment No. 4)
Dreyer’s Grand Ice Cream Holdings, Inc.
(Name of Subject Company (issuer))
Nestlé S.A.
Nestlé Holdings, Inc.
Nestlé Ice Holdings, Inc.
(Names of Filing Persons (identifying status as offeror, issuer or other person))
Class A Callable Puttable Common Stock, par value $0.01 per Share
(Title of Class of Securities)
261877104
(CUSIP Number of Class of Securities)
Yun Choi Au, Esq.
Senior Counsel
Nestlé Holdings, Inc.
c/o Nestlé USA, Inc.
800 North Brand Boulevard
Glendale, California 91203
(818) 549-6000
(Name, address, and telephone numbers of person authorized to receive notices and communications on behalf of filing persons)
With a copy to:
Joe C. Sorenson, Esq.
Edward H. Batts, Esq.
DLA Piper Rudnick Gray Cary US LLP
2000 University Avenue
East Palo Alto, California 94303
(650) 833-2000
 
þ  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.
     
Amount Previously Paid:
  $310,547.48
Form or Registration No.:
  SCHEDULE TO-T
Filing Party:
  Nestlé S.A., CIK #0000792990
Date Filed:
  November 22, 2005
o  Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.
Check the appropriate boxes below to designate any transactions to which the statement relates:
          þ     third-party tender offer subject to Rule 14d-1.
          o     issuer tender offer subject to Rule 13e-4.
          þ     going-private transaction subject to Rule 13e-3.
          o     amendment to Schedule 13D under Rule 13d-2.
Check the following box if the filing is a final amendment reporting the results of the tender offer:     o
 
 

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Item 1. Summary Term Sheet and
Item 4. Terms of the Transaction
          The information set forth under the seventh question in the Questions and Answers About the Put Right, the last paragraph under The Put Right — First Put Period, the last paragraph under The Put Right — Second Put Period, and Procedures for Exercising the Put Right — Guaranteed Delivery in the Notice of Put Right dated December 1, 2005, which was previously filed as Exhibit (a)(1)(i) and is incorporated herein by reference (the “Notice of Put Right”), is hereby amended and supplemented as follows to clarify when payment of the Purchase Price will be made for Class A Shares subject to guaranteed delivery procedures:
  “Each holder of Class A Shares that has complied with the procedures for guaranteed delivery described in “Procedures for Exercising the Put Right — Guaranteed Delivery” and has timely delivered to Mellon all required documentation and the Class A Shares with respect to which the Put Right has been exercised (in certificate or book entry form) prior to the Expiration Time will be paid the Purchase Price not later than two business days after the Expiration Time, without interest. If the Notice of Guaranteed Delivery is properly executed and delivered to Mellon prior to the Expiration Time, and all required documentation and Class A Shares are delivered after the Expiration Time in accordance with the procedures for guaranteed delivery described in “Procedures for Exercising the Put Right — Guaranteed Delivery” (but within three trading days after the date of execution of the Notice of Guaranteed Delivery), the Purchase Price will be paid within two business days after the delivery of such documentation and the Class A Shares, without interest.”
Item 3. Identity and Background of Filing Person (a), (b) & (c) and
Item 5. Past Contacts, Transactions, Negotiations and Agreements (a) & (b)
          The information set forth in Appendix A (“Information Concerning the Executive Officers and Directors of Nestlé”) to the Notice of Put Right dated December 1, 2005 which constitutes Exhibit (a)(1)(i) to this Schedule TO/ A, and which is incorporated herein by reference, is amended and restated in its entirety by Appendix A (“Information Concerning the Executive Officers and Directors of Nestlé”) filed as Exhibit (a)(1)(vii), to this Schedule TO/ A to reflect changes in executive officers and directors effective January 1, 2006.
Item 6. Purposes of the Transaction and Plans or Proposals
          (a) and (c)(1)-(7)
          The information under the second to last paragraph of the Summary Term Sheet and the second paragraph of Certain Legal Matters — Short Form Merger Appraisal Rights in the Notice of Put Right is amended and restated in its entirety as follows:
  “Holders of Class A Shares do not have appraisal rights as a result of the Put Right. In the event of a Short Form Merger, holders of Class A Shares who have not exercised the Put Right (and whose shares will automatically be converted into Class B Shares at such time as Nestlé owns in excess of 90% of the issued and outstanding voting stock of Dreyer’s) will have certain rights pursuant to the provisions of Section 262 of the DGCL, including the right to dissent and demand appraisal of, and to receive payment in cash of the fair value of, their shares. If a Short Form Merger occurs, a notification that includes a copy of Section 262 of the DGCL will be sent to Dreyer’s stockholders. Under Section 262 of the DGCL, dissenting Dreyer’s stockholders who comply with the applicable statutory procedures will be entitled to receive a judicial determination of the fair value of their shares (exclusive of any element of value arising from the accomplishment or expectation of the Short Form Merger) and to receive payment of such fair value in cash, together with a fair rate of interest thereon, if any. Any such judicial determination of the fair value of the shares could be based upon factors other than, or in addition to, the Purchase Price to be paid upon the exercise of the Put Right, the price per share to be paid in the Short Form Merger or the market value of the shares. The value so determined could be more or less than the price per share to be paid in the Short Form Merger.

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  THE FOREGOING SUMMARY OF THE RIGHTS OF DISSENTING STOCKHOLDERS UNDER THE DGCL DOES NOT PURPORT TO BE A COMPLETE STATEMENT OF THE PROCEDURES TO BE FOLLOWED BY STOCKHOLDERS DESIRING TO EXERCISE ANY APPRAISAL RIGHTS AVAILABLE UNDER THE DGCL. THE PRESERVATION AND EXERCISE OF APPRAISAL RIGHTS REQUIRE STRICT ADHERENCE TO THE APPLICABLE PROVISIONS OF THE DGCL.”
Item 11. Additional Information
          (a)(2) Reference is made to the amended information under The Put Right (as amended in Item 4 above), Procedures for Exercising the Put Right (as amended in Item 4 above) and Certain Legal Matters (as amended in Item 6 above) in the Notice of Put Right, which is incorporated herein by reference.
Item 12. Exhibits
          (a)(1)(vii) Appendix A (“Information Concerning the Executive Officers and Directors of Nestlé”), as amended and restated effective January 1, 2006, to the Notice of Put Right dated December 1, 2005 which is Exhibit (a)(1)(i) to this Schedule TO/ A.
          99.3 Power of Attorney
Item 13. Information Required by Schedule 13E-3
Item 12. The Solicitation or Recommendation
          (e) The filing persons are not aware of any officer, director or affiliate of Dreyer’s or any person listed on Appendix A (“Information Concerning the Executive Officers and Directors of Nestlé”) to the Notice of Put Right (as amended and restated by Exhibit (a)(1)(vii) to this Schedule TO/ A), who has made a recommendation either in support of or against the exercise of the Put Right, other than Jan L. Booth, John W. Larson and Timothy P. Smucker who, as the independent directors of Dreyer’s and as described further in the Notice of Put Right, have unanimously recommended that holders of Class A Shares exercise the Put Right (as described in the Notice of Put Right).

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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.
     
    Nestlé Ice Holdings, Inc.
 
Dated: December 29, 2005
  By: /s/ Yun Choi Au

Name: Yun Choi Au
Title:  Secretary
 
    Nestlé Holdings, Inc.
 
Dated: December 29, 2005
  By: /s/ Yun Choi Au

Name: Yun Choi Au
Title:  Secretary
 
    Nestlé S.A.
 
Dated: December 29, 2005
  By: /s/ Yun Choi Au

Yun Choi Au, attorney-in-fact for
Name: H. P. Frick
Title:  Senior Vice President and General Counsel of Nestlé S.A.

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Index to Exhibits
(a)(1)(i) Notice of Put Right dated December 1, 2005.(1)
(a)(1)(ii) Letter of Transmittal.(2)
(a)(1)(iii) Notice of Guaranteed Delivery.(1)
(a)(1)(iv) Substitute W-9 Guidelines.(2)
(a)(1)(v) Summary Advertisement as published on December 1, 2005.(1)
(a)(1)(vi) Press Release dated November 22, 2005.(2)
(a)(1)(vii) Appendix A (“Information Concerning the Executive Officers and Directors of Nestlé”), as amended and restated effective January 1, 2006, to the Notice of Put Right dated December 1, 2005 which is Exhibit (a)(1)(i) to this Schedule TO/ A.
(c)(i) Opinion of Merrill Lynch & Co. dated November 3, 2005.(3)
(c)(ii) Presentation to the Board of Directors of Dreyer’s Grand Ice Cream Holdings, Inc. Regarding Fairness of the Put Price of Class A Shares by Merrill Lynch & Co. on November 3, 2005.(4)
(d)(i) Governance Agreement dated as of June 26, 2003 by and among Nestlé Holdings, Inc., Nestlé, S.A. and Dreyer’s Grand Ice Cream Holdings, Inc., and Amendment No. 1 thereto.(5)
(d) (ii) Restated Certificate of Incorporation of Dreyer’s Grand Ice Cream Holdings, Inc.(6)
(d)(iii) Amended and Restated Sublicense Agreement for Other Pillsbury Proprietary Information, dated as of September 1, 2002, by and between Nestlé USA — Prepared Foods Division, Inc. and Nestlé Ice Cream Company, LLC.(7)
(d)(iv) Amended and Restated Sublicense Agreement for Pillsbury Trademarks and Technology, dated as of September 1, 2002, by and among Société des Produits Nestlé S.A., Nestec Ltd. and Nestlé Ice Cream Company, LLC.(8)
(d)(v) Amended and Restated Other Nestlé USA Proprietary Information License Agreement, dated September 1, 2002, by and between Nestlé USA — Prepared Foods Division, Inc. and Nestlé Ice Cream Company, LLC.(9)
(d)(vi) Amended and Restated Trademark/ Technology License Agreement, dated September 1, 2002, by and among Nestlé S.A., Nestec Ltd., Société des Produits Nestlé S.A., and Nestlé Ice Cream Company, LLC.(10)
(d)(vii) Nestlé S.A. — Dreyer’s Grand Ice Cream Holdings, Inc. Bridge Loan Facility for up to USD 400 million dated June 11, 2003, as amended on October 22, 2003, March 23, 2004, June 26, 2004, December 6, 2004 and May 23, 2005 (which increased the amount of the facility to USD 700 million).(11)
(d)(viii) Demand Loan Facility dated May 24, 2004, by and between Nestlé Capital Corporation and Dreyer’s Grand Ice Cream Holdings, Inc. for up to USD 50 million, with Assignment by Nestlé S.A. to Nestlé Capital Corporation of a portion of its rights and obligations under the Bridge Loan Facility dated June 11, 2003, as amended.(12)
99.1 Joint Filing Agreement(13)
99.2 Power of Attorney(13)
99.3 Power of Attorney
 
(1) Incorporated by reference to the identically numbered exhibits to Amendment Number Three to the Schedule TO filed by Nestlé S.A., Nestlé Holdings, Inc. and Nestlé Ice Holdings, Inc. on December 1, 2005.

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  (2) Incorporated by reference to the identically numbered exhibits to Amendment Number Two to the Schedule TO filed by Nestlé S.A., Nestlé Holdings, Inc. and Nestlé Ice Holdings, Inc. on November 22, 2005.
  (3) Incorporated by reference to Appendix C of the Notice of Put Right which constitutes Exhibit (a)(1)(i) to this filing.
  (4) Incorporated by reference to the identically numbered exhibit to Amendment Number One to the Schedule TO filed by Nestlé S.A., Nestlé Holdings, Inc. and Nestlé Ice Holdings, Inc. on November 7, 2005.
  (5) Incorporated by reference to Exhibit 4.1 to Dreyer’s Grand Ice Cream Holdings, Inc.’s Current Report on Form 8-K filed on June 27, 2003 and Exhibit 4.2 to Dreyer’s Grand Ice Cream Holdings, Inc.’s Annual Report on Form 10-K for the year ended December 27, 2003 filed on March 11, 2004.
  (6) Incorporated by reference to Exhibit 3.1 to Dreyer’s Grand Ice Cream Holdings, Inc.’s Quarterly Report on Form 10-Q for the quarter ended June 28, 2003 filed on August 18, 2003.
  (7) Incorporated by reference to Exhibit 10.6 to Amendment No. 4 to Form S-4 Registration Statement (File No. 333-101052) filed on February 14, 2003.
  (8) Incorporated by reference to Exhibit 10.7 to Amendment No. 4 to Form S-4 Registration Statement (File No. 333-101052) filed on February 14, 2003.
  (9) Incorporated by reference to Exhibit 10.8 to Amendment No. 4 to Form S-4 Registration Statement (File No. 333-101052) filed on February 14, 2003.
(10) Incorporated by reference to Exhibit 10.9 to Amendment No. 4 to Form S-4 Registration Statement (File No. 333-101052) filed on February 14, 2003.
(11) Incorporated by reference to Exhibit 10.29 to Dreyer’s Grand Ice Cream Holdings, Inc.’s Quarterly Report on Form 10-Q for the quarter ended June 28, 2003 filed on August 18, 2003; Exhibit 10.45 to Dreyer’s Grand Ice Cream Holdings, Inc.’s Quarterly Report on Form 10-Q for the quarter ended September 27, 2003 filed on November 17, 2003; Exhibit 10.46 to Dreyer’s Grand Ice Cream Holdings, Inc.’s Quarterly Report on Form 10-Q for the quarter ended March 27, 2004 filed on May 6, 2004; Exhibit 10.52 to Dreyer’s Grand Ice Cream Holdings, Inc.’s Quarterly Report on Form 10-Q for the quarter ended June 26, 2004 filed on August 5, 2004 and Exhibits 10.53 and 10.54 to Dreyer’s Grand Ice Cream Holdings, Inc.’s Quarterly Report on Form 10-Q for the quarter ended June 25, 2005 filed on August 4, 2005.
(12) Incorporated by reference to Exhibit 10.49 to Dreyer’s Grand Ice Cream Holdings, Inc.’s Quarterly Report on Form 10-Q for the quarter ended June 26, 2004 filed on August 5, 2004.
(13) Incorporated by reference to identically numbered exhibits to the Schedule TO filed by Nestlé S.A., Nestlé Holdings, Inc., and Nestlé Ice Holdings, Inc. on September 7, 2005.

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Exhibit (a)(1)(vii)
Appendix A
Information concerning the
Executive Officers and Directors of Nestlé
Effective January 1, 2006
Nestlé Ice Holdings, Inc.
Executive Officers and Directors
             
        Present Principal    
Name   Present Business Address   Occupation   Citizenship
             
EXECUTIVE OFFICER
           
 
Don W. Gosline
  Nestlé Holdings, Inc.
c/o Nestlé USA, Inc.
800 North Brand Boulevard
Glendale, California 91203
  Treasurer of Nestlé
Holdings, Inc.
  United States
DIRECTOR
           
 
Don W. Gosline
  Nestlé Holdings, Inc. c/o Nestlé USA, Inc.
800 North Brand Boulevard
Glendale, California 91203
  Treasurer of Nestlé
Holdings, Inc.
  United States

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Nestlé Holdings, Inc
Executive Officers and Directors
             
Name   Present Business Address   Present Principal Occupation   Citizenship
             
EXECUTIVE OFFICERS
           
 
Bradley A. Alford
  Nestlé Holdings, Inc.
c/o Nestlé USA, Inc.
800 North Brand Boulevard
Glendale, California 91203
  President, Chief Executive Officer and Chairman of the Board   United States
 
Rock Foster
  Nestlé Holdings, Inc.
c/o Nestlé USA, Inc.
800 North Brand Boulevard
Glendale, California 91203
  Senior Vice President and Chief Financial Officer   United States
 
Alexander Spitzer
  Nestlé Holdings, Inc.
383 Main Avenue, 5th Floor
Norwalk, Connecticut 06851
  Senior Vice President, Taxes   United States
 
Kimberly A. Lund
  Nestlé Holdings, Inc.
c/o Nestlé USA, Inc.
800 North Brand Boulevard
Glendale, California 91203
  GLOBE Executive and Chief Information Officer   United States
 
Mark A. Siegal
  Nestlé Holdings, Inc.
383 Main Avenue, 5th Floor
Norwalk, Connecticut 06851
  Vice President, Taxes   United States
 
Gary Kirschenbaum
  Nestlé Holdings, Inc.
383 Main Avenue, 5th Floor
Norwalk, Connecticut 06851
  Vice President, Taxes   United States
 
Alan Pasetsky
  Nestlé Holdings, Inc.
383 Main Avenue, 5th Floor
Norwalk, Connecticut 06851
  Vice President, Taxes   United States
DIRECTORS
           
 
Bradley A. Alford
  Nestlé Holdings, Inc.
c/o Nestlé USA, Inc.
800 North Brand Boulevard
Glendale, California 91203
  President, Chief Executive Officer and Chairman of the Board   United States
 
Rock Foster
  Nestlé Holdings, Inc.
c/o Nestlé USA, Inc.
800 North Brand Boulevard
Glendale, California 91203
  Senior Vice President and Chief Financial Officer   United States

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Nestlé S.A.
Executive Officers and Directors
             
        Present Principal    
Name   Present Business Address   Occupation   Citizenship
             
EXECUTIVE OFFICERS
           
 
Peter Brabeck-Letmathe
  Nestlé S.A.
Avenue Nestlé 55
CH-1800 Vevey
Switzerland
  Chairman and Chief Executive Officer   Austria
 
Francisco Castaner
  Nestlé S.A.
Avenue Nestlé 55
CH-1800 Vevey
Switzerland
  Executive Vice President Pharmaceuticals and Cosmetics Products, Liaison with L’Oréal Human Resources, Corporate Affairs   Spain
 
Lars Olofsson
  Nestlé S.A.
Avenue Nestlé 55
CH-1800 Vevey
Switzerland
  Executive Vice President Strategic Business Units, Marketing   Sweden
 
Werner Bauer
  Nestlé S.A.
Avenue Nestlé 55
CH-1800 Vevey
Switzerland
  Executive Vice President Technical, Production, Environment, Research and Development   Germany
 
Frits Van Dijk
  Nestlé S.A.
Avenue Nestlé 55
CH-1800 Vevey
Switzerland
  Executive Vice President Asia, Oceania, Africa and Middle East   Netherlands
 
Carlo Donati
  Nestlé S.A.
Avenue Nestlé 55
CH-1800 Vevey
Switzerland
  Executive Vice President Chairman and CEO of Nestlé Waters   Switzerland
 
Paul Polman
  Nestlé S.A.
Avenue Nestlé 55
CH-1800 Vevey
Switzerland
  Executive Vice President Finance, Control, Legal, Tax, Purchasing, Export Chief Financial Officer   Netherlands
 
Paul Bulcke
  Nestlé S.A.
Avenue Nestlé 55
CH-1800 Vevey
Switzerland
  Executive Vice President United States of America, Canada, Latin America, Caribbean   Belgium
 
Chris Johnson
  Nestlé S.A.
Avenue Nestlé 55
CH-1800 Vevey
Switzerland
  Deputy Executive Vice President GLOBE Program, IS/IT, Strategic Supply Chain, eNestlé, Group Information Security   United States

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        Present Principal    
Name   Present Business Address   Occupation   Citizenship
             
Luis Cantarell
  Nestlé S.A.
Avenue Nestlé 55
CH-1800 Vevey
Switzerland
  Executive Vice President Europe   Spain
 
Richard T. Laube
  Nestlé S.A.
Avenue Nestlé 55
CH-1800 Vevey
Switzerland
  Deputy Executive Vice President Nestlé Nutrition   Switzerland and United States
DIRECTORS
           
 
Peter Brabeck-Letmathe
  Nestlé S.A.
Avenue Nestlé 55
CH-1800 Vevey
Switzerland
  Chairman and Chief Executive Officer of Nestlé S.A.   Austria
 
Günter Blobel
  Rockefeller University
Laboratory of Cell
Biology
1230 York Avenue
New York, New York
20021-6399
  Professor   Germany
 
Peter Böckli
  Böckli Bodmer & Partner
Case postale 2348
CH-4002 Basel
Switzerland
  Lawyer, Law Professor emeritus   Switzerland
 
Daniel Borel
  Logitech Europe S.A.
Moulin du Choc D
CH-1122 Romanel-sur-Morges
Switzerland
  Chairman of Logitech International S.A.   Switzerland
 
Edward George
  c/o Linda Scott
NM Rothschild & Sons Ltd
New Court
St. Swithen’s Lane
GB-London EC4P 4DU
Great Britain
  Former Governor of the Bank of England   United Kingdom
 
Rolf Hänggi
  c/o Rüd, Blass & Cie AG
Privatbank
Selnaustrasse 32
CH-8039 Zürich
Switzerland
  Consultant   Switzerland
 
Nobuyuki Idei
  Sony Corporation
6-7-35 Kitashinagawa
Shinagawa-ku
Tokyo, Japan 141-0001
  Chief Corporate Advisor of Sony Corporation   Japan

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        Present Principal    
Name   Present Business Address   Occupation   Citizenship
             
André Kudelski
  Kudelski S.A.
Route de Geneve
Case postale 134
CH-1033 Cheseaux
Switzerland
  Chairman and Chief Executive Officer of the Kudelski Group   Switzerland
 
Andreas Koopmann
  Bobst Group S.A.
Case postale
CH-1001 Lausanne
Switzerland
  Chief Executive Officer of the Bobst Group S.A.   Switzerland
 
Jean-Pierre Meyers
  L’Oreal S.A.
41, Rue Martre
F-92117 Clichy-Cedex
France
  Vice Chairman of
L’Oréal S.A.
  France
 
Carolina Müller-Möhl
  Müller-Möhl Group
Weinplatz 10
Postfach
CH-8022 Zürich
Switzerland
  Chair of Müller-Möhl Group   Switzerland
 
Kaspar Villiger
  c/o Markwalder & Partner
Monbijoustrasse 22
Postfach
CH-3001 Bern
Switzerland
  Former President of the Swiss Confederation   Switzerland

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