This Amendment No. 3 (this
Amendment
) amends and supplements the Tender Offer Statement on Schedule TO filed by Casino, Guichard-Perrachon, a French public limited company (
société anonyme
) (
Casino
), with the U.S. Securities and Exchange Commission on December 27, 2016 (together with any subsequent amendments and supplements thereto, the
Schedule TO
). The Schedule TO relates to the tender offer by Casino for any and all outstanding ordinary shares, par value €0.05 per share (
Cnova ordinary shares
), of Cnova N.V., a Netherlands public limited liability company (
naamloze vennootschap
) (
Cnova
), beneficially owned by U.S. holders (as such term is used in Rule 14d-1(d) under the Securities Exchange Act of 1934) at a price of $5.50 per share, net to the seller in cash, without interest, but subject to any required withholding of taxes, upon the terms and conditions set forth in the offer to purchase dated December 27, 2016 (as amended, the
Offer to Purchase
) and in the related letter of transmittal (the
Letter of Transmittal
) which, together with any amendments and supplements thereto, collectively constitute the
U.S. Offer
.
Except as otherwise set forth in this Amendment, the information set forth in the Schedule TO remains unchanged and is incorporated herein by reference to the extent relevant to the items in this Amendment. This Amendment should be read together with the Schedule TO. Capitalized terms used and not otherwise defined in this Amendment have the meanings given to such terms in the Offer to Purchase.
The items of the Schedule TO set forth below are hereby amended and supplemented as follows:
Items 1 through 9, Item 11 and Item 13.
Items 1 through 9, Item 11 and Item 13 of the Schedule TO are hereby amended and supplemented by adding the following:
The U.S. Offer and withdrawal rights expired at 11:59 p.m., New York City time, on Wednesday, January 25, 2017 (the
Expiration Date
). The Depositary for the U.S. Offer has indicated that a total of 16,641,272 Cnova ordinary shares were validly tendered and not validly withdrawn pursuant to the U.S. Offer as of the Expiration Date, representing 4.8% of outstanding Cnova ordinary shares and approximately 46.8% of the outstanding Cnova ordinary shares not already beneficially owned by Casino or any of its controlled affiliates. In addition, Notices of Guaranteed Delivery have been delivered for 161,498 Cnova ordinary shares, representing approximately 0.05% of outstanding Cnova ordinary shares and 0.45% of the outstanding Cnova ordinary shares not already owned by Casino or any of its controlled affiliates. All Cnova ordinary shares that were validly tendered and not validly withdrawn pursuant to the U.S. Offer have been accepted for payment by Casino.
Additionally, the French Offer and withdrawal rights expired on Wednesday, January 25, 2017. Casino expects that the AMF will publish definitive results of the French Offer on Tuesday, January 31, 2017. Pursuant to the terms of the U.S. Offer, amounts in respect of Cnova ordinary shares that were validly tendered into the U.S. Offer will be paid by Casino in U.S. dollars out of immediately available funds promptly following publication by the AMF of the definitive results of the French Offer.
A copy of the press release issued by Casino on January 26, 2017 announcing the expiration of the U.S. Offer and withdrawal rights is attached hereto as Exhibit (a)(5)(A).
Item 12. Exhibits
Item 12 of the Schedule TO is hereby amended and supplemented by adding the following exhibit:
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(a)(5)(A)
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Press Release of Casino, Guichard-Perrachon, dated January 26, 2017.
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