- Tender offer statement by Third Party (SC TO-T)
12 Agosto 2010 - 5:02AM
Edgar (US Regulatory)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE TO
Tender Offer Statement Under Section
14(d)(l) or 13(e)(l) of the Securities Exchange Act of 1934
SUPERIOR WELL SERVICES, INC.
(Name of Subject Company)
DIAMOND
ACQUISITION CORP.,
a wholly owned subsidiary of
NABORS INDUSTRIES LTD.
(Name of Filing Person Offerors)
Common Stock, Par Value $0.01 Per Share
(Title of Class of Securities)
86837X 10 5
(CUSIP Number of Class of Securities)
Nabors Industries Ltd.
Mintflower Place
8 Par-La-Ville Road
Hamilton, HM08
Bermuda
Laura W. Doerre
Vice President and General Counsel
Nabors Corporate Services, Inc.
515 West Greens Road, Suite 1200
Houston, Texas 77067
Telephone: (281) 874-0035
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications on Behalf of Filing Persons)
Copy To:
Charles J. Conroy, Esq.
Milbank, Tweed, Hadley & McCloy LLP
1 Chase Manhattan Plaza
New York, New York 10005
Telephone: (212) 530-5671
Calculation of Filing Fee
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Transaction Valuation*
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Amount of Filing Fee**
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$681,521,712.48
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$48,592.50
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*
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Estimated for purposes of calculating the amount of the filing fee only, in
accordance with Rule 0-1l(d) under the U.S. Securities Exchange Act of 1934, as amended
(the
Exchange Act
). The transaction valuation was calculated by multiplying the
offer price of $22.12 per share by 33,810,204, the number of shares of common stock, par
value $0.01 per share (
Shares
), of Superior Well Services, Inc.
(
Superior
) outstanding on a fully diluted basis as of August 4, 2010, as
represented by Superior in the Agreement and Plan of Merger, dated as of August 6, 2010,
with Nabors Industries Ltd. and Diamond Acquisition Corp., which Shares consist of
30,810,204 Shares issued and outstanding, plus 3,000,000 Shares that would be
issued upon conversion of the 4% Series A Convertible Preferred Stock.
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**
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The filing fee was calculated in accordance with Rule 0-11 of the Exchange Act and
Fee Rate Advisory #4 for fiscal year 2010, issued December 17, 2009, by multiplying the
transaction value of $681,521,712.48 by 0.00007130.
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o
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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: None.
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Filing Party: Not applicable.
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Form or Registration No.: Not applicable.
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Date Filed: Not applicable.
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o
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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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þ
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third-party tender offer subject to Rule 14d-1.
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o
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issuer tender offer subject to Rule 13e-4.
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going-private transaction subject to Rule 13e-3.
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o
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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:
o
This Tender Offer Statement on Schedule TO is filed by Nabors Industries Ltd., a Bermuda
exempt company (
Nabors
), and Diamond Acquisition Corp., a Delaware corporation and a
wholly owned subsidiary of Nabors (
Offeror
). This Schedule TO relates to the offer by
Offeror to purchase all of the outstanding shares of common stock, par value $0.01 per share (the
Shares
), of Superior Well Services, Inc., a
Delaware corporation (
Superior
), for
$22.12 per Share, net to the seller in cash, upon the terms and subject to the conditions set forth
in the Offer to Purchase, dated August 11, 2010 (the
Offer to Purchase
), and in the
related Letter of Transmittal, copies of which are attached to this Schedule TO as Exhibits
(a)(l)(A) and (a)(l)(B), respectively (which, together with any amendments or supplements to the
Offer to Purchase and the Letter of Transmittal, collectively constitute the
Offer
).
TABLE OF CONTENTS
Items 1 through 11.
Pursuant to General Instruction F to Schedule TO, the information contained in the Offer to
Purchase, including all schedules and annexes to the Offer to Purchase, is hereby expressly
incorporated in this Schedule TO by reference in response to Items 1 through 11 of this Schedule TO
and is supplemented by the information specifically provided for in this Schedule TO. The
Agreement and Plan of Merger, dated as of August 6, 2010, by and among Superior, Nabors and Offeror
(the
Merger Agreement
), a copy of which is attached as Exhibit (d)(l) to this
Schedule TO, and the Tender and Voting Agreement, dated as August 6, 2010, by and among Nabors and
certain stockholders of Superior that are signatories thereto, a copy of which is attached as
Exhibit (d)(2) to this Schedule TO, each is incorporated in this Schedule TO by reference.
Item 12. Exhibits.
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(a)(1)(A)
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Offer to Purchase, dated August 11, 2010.
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(a)(1)(B)
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Form of Letter of Transmittal.
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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)(1)(F)
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IRS Form W-9.
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(a)(5)(A)
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Press Release Issued by Nabors and Superior, dated August 9, 2010, announcing the
execution of the Merger Agreement by and among Nabors, Offeror and Superior (incorporated by
reference to the Form 8-K filed by Nabors on August 9, 2010).
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(d)(1)
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Agreement and Plan of Merger, dated as of August 6, 2010, by and among Nabors, Offeror and
Superior (incorporated by reference to the Form 8-K filed by Nabors on August 9, 2010).
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(d)(2)
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Tender and Voting Agreement, by and among Nabors, Offeror and certain stockholder
signatories thereto, dated as of August 6, 2010 (incorporated by reference to the Form 8-K
filed by Nabors on August 9, 2010).
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Item 13. Information Required by Schedule 13E-3.
Not applicable.
SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify that the information
set forth in this Schedule TO is true, complete and correct.
Dated: August 11, 2010
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NABORS INDUSTRIES LTD.
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By:
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/s/ Mark D. Andrews
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Name:
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Mark D. Andrews
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Title:
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Corporate Secretary
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DIAMOND ACQUISITION CORP.
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By:
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/s/ Jose S. Cadena
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Name:
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Jose S. Cadena
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Title:
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Vice President
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EXHIBIT INDEX
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(a)(1)(A)
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Offer to Purchase, dated August 11, 2010.
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(a)(1)(B)
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Form of Letter of Transmittal.
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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)(1)(F)
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IRS Form W-9.
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(a)(5)(A)
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Press Release Issued by Nabors and Superior, dated August 9, 2010, announcing the
execution of the Merger Agreement by and among Nabors, Offeror and Superior (incorporated by
reference to the Form 8-K filed by Nabors on August 9, 2010).
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(d)(1)
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Agreement and Plan of Merger, dated as of August 6, 2010, by and among Nabors, Offeror and
Superior (incorporated by reference to the Form 8-K filed by Nabors on August 9, 2010).
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(d)(2)
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Tender and Voting Agreement, by and among Nabors, Offeror and certain stockholder
signatories thereto, dated as of August 6, 2010 (incorporated by reference to the Form 8-K
filed by Nabors on August 9, 2010).
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