SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
TENDER OFFER STATEMENT UNDER SECTION 14(D)(1) OR 13(E)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
(Name of Subject Company (Issuer))
MOODYS ANALYTICS MARYLAND CORP.
a wholly-owned subsidiary of
(Names of Filing Persons (Offerors))
Common Stock, Par Value $0.02 Per Share
(Title of Class of Securities)
(CUSIP Number of Class of Securities)
John J. Goggins
Executive Vice President and General Counsel
7 World Trade Center at
250 Greenwich Street, New York, N.Y. 10007
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Filing Persons)
Skadden, Arps, Slate, Meagher & Flom LLP
4 Times Square
New York, NY 10036
CALCULATION OF FILING FEE
|Transaction Valuation*||Amount of Filing Fee**|
Estimated for purposes of calculating the filing fee only. The transaction valuation was calculated as the sum of (i) 11,569,699 shares of common stock, par value $0.02 per share (the Shares), of Reis, Inc. (Reis) outstanding (which excludes 2,557,456 Shares that are wholly-owned by subsidiaries of Reis, and that will not be tendered in the Offer (as defined below)) multiplied by $23.00, (ii) 245,000 Shares issuable pursuant to outstanding options with an exercise price less than the price of $23.00 per share, multiplied by $14.12 (which is the price of $23.00 minus the weighted average exercise price for such options of $8.88 per share) and (iii) 366,065 Shares subject to issuance pursuant to outstanding Reis restricted stock units multiplied by $23.00. The calculation of the filing fee is based on information provided by Reis as of August 24, 2018.
The filing fee was calculated in accordance with Rule 0-11 under the Securities Exchange Act of 1934, as amended, and Fee Rate Advisory No. 1 for Fiscal Year 2018, effective October 1, 2017, by multiplying the transaction value by 0.0001245.
Check 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:||$34,608.76||Filing Party:||Moodys Analytics Maryland Corp. and Moodys Corporation|
|Form or Registration No.:||Schedule TO||Date Filed:||September 13, 2018|
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:
third-party tender offer subject to Rule 14d-1.
issuer tender offer subject to Rule 13e-4.
going-private transaction subject to Rule 13e-3.
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. ☐
This Amendment No. 2 (this Amendment) amends and supplements the Tender Offer Statement on Schedule TO filed by Moodys Analytics Maryland Corp., a Maryland corporation (Purchaser), and Moodys Corporation, a Delaware corporation (Parent), with the U.S. Securities and Exchange Commission (the SEC) on September 13, 2018 (together with any subsequent amendments and supplements thereto, the Schedule TO). The Schedule TO relates to the offer by Purchaser to purchase all of the issued and outstanding shares of common stock, $0.02 par value per share (the Shares), of Reis, Inc., a Maryland corporation (Reis), at a price of $23.00 per Share, net to the seller in cash, without interest and less any applicable withholding taxes, upon the terms and subject to the conditions described in the Offer to Purchase dated September 13, 2018 (together with any amendments or supplements thereto, the Offer to Purchase) and in the accompanying Letter of Transmittal (together with any amendments or supplements thereto and with the Offer to Purchase, the Offer), which are annexed to and filed with this Schedule TO as Exhibits (a)(1)(A) and (a)(1)(B), respectively. Purchaser is a wholly-owned subsidiary of Parent. This Amendment is being filed on behalf of Parent and Purchaser. Unless otherwise indicated, references to sections in this Schedule TO are references to sections of the Offer to Purchase.
Amendments to the Offer to Purchase
Items 1 through 11.
The information set forth in the Offer to Purchase under The Tender OfferSection 15Certain Legal Matters; Regulatory Approvals and Items 1 through 11 of the Schedule TO, to the extent such Items incorporate by reference the information contained in the Offer to Purchase, are hereby amended and supplemented by adding the following paragraph at the end of the subsection titled Antitrust which begins on page 48 of the Offer to Purchase:
The required waiting period under the HSR Act with respect to the Offer and the Merger expired at 11:59 p.m., Eastern Time, on September 28, 2018. Accordingly, the condition of the offer relating to the expiration or termination of the HSR Act waiting period has been satisfied. The Offer continues to be subject to the remaining conditions set forth in Section 13Conditions of the Offer.
Item 12 of the Schedule TO is hereby amended and supplemented by adding the following exhibit:
Joint Press Release of Parent and Reis, dated October 1, 2018, announcing expiration of the waiting period under the HSR Act.
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.
Dated: October 1, 2018
|MOODYS ANALYTICS MARYLAND CORP.|
|By:||/s/ Mark Almeida|
|Title:||Chairman of the Board and Chief Executive Officer|
|By:||/s/ John J. Goggins|
|Name:||John J. Goggins|
|Title:||Executive Vice President and General Counsel|
|(a)(1)(A)||Offer to Purchase, dated September 13, 2018*|
|(a)(1)(B)||Form of Letter of Transmittal (including Form W-9)*|
|(a)(1)(C)||Form of Notice of Guaranteed Delivery*|
|(a)(1)(D)||Form of Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees*|
|(a)(1)(E)||Form of Letter to Clients for Use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees*|
|(a)(1)(F)||Form of Summary Advertisement, published September 13, 2018 in The New York Times*|
|(a)(5)(A)||Joint Press Release of Parent and Reis, dated August 30, 2018 (incorporated by reference to Exhibit 99.1 to the Schedule TO-C filed by Purchaser and Parent with the SEC on August 30, 2018)*|
|(a)(5)(B)||Notice of Merger issued by Purchaser and Parent on September 13, 2018*|
|(a)(5)(C)||Press Release issued by Parent, dated September 13, 2018, announcing commencement of Offer*|
|(a)(5)(D)||Joint Press Release of Parent and Reis, dated October 1, 2018, announcing expiration of the waiting period under the HSR Act.|
|(b)||Form of Commercial Paper Dealer Agreement between Parent, as Issuer, and the Dealer Party thereto (incorporated by reference to Exhibit 10.1 of Parents Current Report on Form 8-K filed with the SEC on August 3, 2016)*|
|(d)(1)||Agreement and Plan of Merger, dated August 29, 2018, by and among Purchaser, Parent and Reis (incorporated by reference to Exhibit 2.1 of Reiss Current Report on Form 8-K filed with the SEC on August 30, 2018)*|
|(d)(2)||Tender and Support Agreement, dated August 29, 2018, by and among Lloyd Lynford, Lloyd N. Lynford 2016 Qualified Annuity Trust, Lloyd N. Lynford 2017 Qualified Annuity Trust, Purchaser and Parent (incorporated by reference to Exhibit 99.1 of Reiss Current Report on Form 8-K filed with the SEC on August 30, 2018)*|
|(d)(3)||Tender and Support Agreement, dated August 29, 2018, by and among Jonathan Garfield, Jonathan T. Garfield 2016 Qualified Annuity Trust, Jonathan Garfield Family Trust, Purchaser and Parent (incorporated by reference to Exhibit 99.2 of Reiss Current Report on Form 8-K filed with the SEC on August 30, 2018)*|
|(d)(4)||Confidentiality Agreement, dated May 25, 2018, by and between Parent and Reis*|
|(d)(5)||Exclusivity Agreement, dated August 24, 2018, by and between Parent and Reis*|