SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
SCHEDULE TO
Tender Offer Statement under Section
14(d)(1) or 13(e)(1) of the Securities Exchange Act of 1934
(Amendment No. 2)
 
RiT TECHNOLOGIES LTD.
(Name of Subject Company (Issuer))
 
STINS COMAN INCORPORATED
(Name of Filing Person (Offeror))
 
ORDINARY SHARES, PAR VALUE NIS 0.1 PER SHARE
(Title of Class of Securities)
 
M8215N 10 9
(CUSIP Number of Class of Securities)
 
STINS COMAN INCORPORATED
Pervomayskaya Street, 126
Moscow 105203 Russia
Tel: 011-7-495-231-3040
Fax: 011-7-495-465-9034
(Name, address and telephone numbers of person authorized to receive
notices and communications on behalf of filing persons)

With copies to:

Michael Orion, Adv.
Andrea I. Weinstein, Esq.
72 Weizman Street
Schonfeld & Weinstein, L.L.P.
Tel-Aviv 62308, Israel
80 Wall Street, Suite 815
(972) 3-544-1937
New York, New York 10005
 
(212) 344-1600
   
 
CALCULATION OF FILING FEE
 
Transaction Valuation*
Amount of Filing Fee**
$631,308
$24.81

 
* Estimated for purposes of calculating the amount of the filing fee only. This calculation assumes the purchase of 734,079 ordinary shares, par value NIS 0.1 per share (the “Shares”), of RiT Technologies, Ltd. ("RiT") at a purchase price of $0.86 per share.

**The amount of the filing fee, calculated in accordance with Regulation 240.0-11 of the Securities Exchange Act of 1934, as amended, by multiplying the transaction valuation by 0.0000393.

 

 

 
 

 

x 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: $24.86
Form or Registration No.: Schedule TO-T
Filing Party: Stins Coman Incorporated
Date Filed: May 5, 2008

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 transaction to which the statement relates:
x
third-party tender offer subject to Rule 14d-1
o
issuer tender offer subject to Rule 13e-4
o
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
 -------------------------------------------------------------
 

This Amendment No. 2 (this "Amendment") to Tender Offer Statement on Schedule TO amends and supplements the Tender Offer Statement on Schedule TO originally filed with the United States Securities and Exchange Commission (the "Commission") by Stins Coman Incorporated (the "Purchaser") on May 2, 2008, (the "Schedule TO") and amended and supplemented by Amendment No. 1 thereto filed with the Commission on June 3, 2008. This Amendment relates to the offer by the Purchaser to purchase 734,079 ordinary shares, par value NIS 0.1 per share, or such greater number of shares that will represent 5% of the total voting rights of RiT Technologies Ltd., a company organized under the laws of the State of Israel ("RiT"), outstanding as of the expiration of the offer, at $0.86 per share, net to the seller in cash, without interest, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated May 2, 2008 (the "Offer to Purchase"), and the related Letter of Transmittal, copies of which have been filed with the original Schedule TO as Exhibits (a)(1)(A) and (a)(1)(B), respectively (which, together with any amendments or supplements thereto, collectively constitute the "offer"). Capitalized terms used herein without definition shall have the meanings assigned to such terms in the Offer to Purchase.

ITEMS 1 THROUGH 11.

Items 1 through 11 of the Schedule TO, which incorporate by reference the information contained in the Offer to Purchase, are hereby amended and supplemented as follows:

The offer expired at 5:00 New York time on Friday June 6, 2008 (the “Final Expiration Date”) and all of the conditions to the offer were satisfied.

The Purchaser has been informed by RiT that, as of the Final Expiration Date, there were 14,683,073 issued and outstanding ordinary shares of RiT representing an equal number of voting rights. Accordingly, the Purchaser will purchase 734,153 shares in the offer, which represents 5% of the total common stock of RiT outstanding as of the Final Expiration Date, plus an additional 293,662, which represents 2% of the total common stock of RiT outstanding as of the Final Expiration Date. In total, the Purchaser will purchase a total of 1,027,815 common stock, which represents 7% of RiT common stock outstanding as of the Final Expiration Date.
 
2

 
Based on the final count by American Stock Transfer & Trust Company, the Depositary for the offer, as of the Final Expiration Date, 5,851,305 shares of RiT had been validly tendered and not withdrawn, resulting in an estimated proration factor of approximately 17.5% of the shares tendered. Based on the estimated proration factor, after consummation of all the transactions contemplated in the Offer to Purchase relating to the offer, the purchaser is expected to beneficially own approximately 6,150,336 shares, or approximately 41.9% of the outstanding shares of RiT. The proration factor is preliminary and subject to verification.

On June 7, 2008, the Purchaser issued a press release announcing the expiration and preliminary results of the offer, a copy of which is filed as Exhibit (a)(5)(1) hereto and is incorporated herein by reference.

ITEM 12. EXHIBITS.

Item 12 of the Schedule TO is hereby amended and restated as follows:

EXHIBIT INDEX
 
NO.
 
DESCRIPTION

(a)(1)(A)
 
Offer to Purchase dated May 2, 2008. *

(a)(1)(B)
 
Letter of Transmittal. *

(a)(1)(C)
 
Notice of Guaranteed Delivery. *

(a)(1)(D)
 
Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees. *

(a)(1)(E)
 
Letter to Clients for use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees. *

(a)(1)(F)
 
Guidelines for Certification of Taxpayer Identification Number on Substitute W-9. *

(a)(1)(G)
 
Notice of Objection. *

(a)(2)
 
Text of Press Release issued by the Subject Company on March 27, 2008 and filed under cover of Schedule 14D-9C on March 27, 2008. **
     
(a)(5)
 
Text of Press Release issued by Purchaser on June 2, 2008.***
     
(a)(5)(1)
 
Text of Press Release issued by Purchaser on June 7, 2008.

 
(b)     None.
 
(d)     Share Purchase Agreement between the Purchaser and Mr. Yehuda Zisapel, Mr. Zohar Zisapel and Mr. Meir Barel, dated March 27, 2008.**
 
(g)     Not Applicable.
 
(h)     Not Applicable.
 

*   Previously filed with the Tender Offer Statement on Schedule TO on May 2, 2008.
 
** Previously filed as Exhibit 1 to Schedule 13D/A, filed by the Purchaser on March 31, 2008, and  incorporated herein by reference.
 
***Previously filed with Amendment No. 1 to Tender Offer Statement on Schedule TO on June 3, 2008.
 

 
 

 
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.
 
   
STINS COMAN INCORPORATED
     
 
BY:
/S/ Boris Granovsky
   
Boris Granovsky
   
Chief Executive Officer
   
STINS COMAN Incorporated

 
Dated: June 7, 2008
 
EXHIBIT INDEX
 

NO.
 
DESCRIPTION

(a)(1)(A)
 
Offer to Purchase dated May 2, 2008. *

(a)(1)(B)
 
Letter of Transmittal. *

(a)(1)(C)
 
Notice of Guaranteed Delivery. *

(a)(1)(D)
 
Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees. *

(a)(1)(E)
 
Letter to Clients for use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees. *

(a)(1)(F)
 
Guidelines for Certification of Taxpayer Identification Number on Substitute W-9. *

(a)(1)(G)
 
Notice of Objection. *

(a)(2)
 
Text of Press Release issued by the Subject Company on March 27, 2008 and filed under cover of Schedule 14D-9C on March 27, 2008. **
     
(a)(5)
 
Text of Press Release issued by Purchaser on June 2, 2008.***
     
(a)(5)(1)
 
Text of Press Release issued by Purchaser on June 7, 2008.

 
(b)     None.
 
(d)     Share Purchase Agreement between the Purchaser and Mr. Yehuda Zisapel, Mr. Zohar Zisapel and Mr. Meir Barel, dated March 27, 2008.**
 
(g)     Not Applicable.
 
(h)     Not Applicable.
 

 

*   Previously filed with the Tender Offer Statement on Schedule TO on May 2, 2008.
 
** Previously filed as Exhibit 1 to Schedule 13D/A, filed by the Purchaser on March 31, 2008, and  incorporated herein by reference.
 
***Previously filed with Amendment No. 1 to Tender Offer Statement on Schedule TO on June 3, 2008.
 

 

 

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