- --------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-------------------
AMENDMENT NO. 3 TO
SCHEDULE TO
(RULE 14D-100)
TENDER OFFER STATEMENT
PURSUANT TO SECTION 14(d)(1) OR 13(e)(1) OF THE
SECURITIES EXCHANGE ACT OF 1934
-------------------
DATA TRANSMISSION
NETWORK COPORATION
(NAME OF SUBJECT COMPANY (ISSUER))
-------------------
VS&A COMMUNICATIONS PARTNERS III, L.P.
DTN ACQUISITION CORPORATION
VS&A-DTN, LLC
(NAMES OF FILING PERSONS (OFFERORS))
-------------------
COMMON STOCK, $0.001 PAR VALUE
(TITLE OF CLASS OF SECURITIES)
238017017
(CUSIP NUMBER OF COMMON STOCK)
-----------------
JONATHAN D. DRUCKER
VS&A-DTN, LLC
350 PARK AVENUE
NEW YORK, NEW YORK 10022
(212) 935-4990
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO
RECEIVE NOTICES AND COMMUNICATIONS ON BEHALF OF FILING PERSONS)
-------------------
COPY TO:
BERTRAM A. ABRAMS
PROSKAUER ROSE LLP
1585 BROADWAY
NEW YORK, NEW YORK 10036
-------------------
CALCULATION OF FILING FEE
========================================= ======================================
TRANSACTION VALUATION* AMOUNT OF FILING FEE
- ----------------------------------------- --------------------------------------
$396,776,724 $79,355
========================================= ======================================
* Estimated for purposes of calculating the amount of the filing fee only.
The amount assumes the purchase of 13,681,956 shares of common stock,
$0.001 par value (the "Shares"), of Data Transmission Network Corporation,
at a price per Share of $29.00 in cash. Such aggregate number of Shares
represents all the Shares outstanding on a fully-diluted basis as of March
1, 2000. The amount of the filing fee, calculated in accordance with
Regulation 240.0-11 of the Securities Exchange Act of 1934, as amended,
equals 1/50th of one percent of the value of the transaction.
[X] 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.
<TABLE>
<S> <C>
Amount Previously Paid: $79,355 Filing Party: VS&A Communications
Partners III, L.P.
DTN Acquisition Corporation
VS&A-DTN, LLC
Form or Registration No.: Schedule TO Date Filed: March 17, 2000
</TABLE>
[ ] 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:
[X] 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.
[X] 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: [X]
- --------------------------------------------------------------------------------
<PAGE>
CUSIP No. 238017017 Page 2 of 10 Pages
________________________________________________________________________________
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
VS&A Communication Partners III, L.P. EIN: 13-4032659
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
Not Applicable
________________________________________________________________________________
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 11,731,322
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
11,731,322
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,731,322
________________________________________________________________________________
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
97%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
________________________________________________________________________________
<PAGE>
CUSIP No. 238017017 Page 3 of 10 Pages
________________________________________________________________________________
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
VS&A Equities III, L.P.
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
Not Applicable
________________________________________________________________________________
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 11,731,322
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
11,731,322
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,731,322
________________________________________________________________________________
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
97%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
________________________________________________________________________________
<PAGE>
CUSIP No. 238017017 Page 4 of 10 Pages
________________________________________________________________________________
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
John J. Veronis
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
Not Applicable
________________________________________________________________________________
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 11,731,322
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
11,731,322
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,731,322
________________________________________________________________________________
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
97%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
________________________________________________________________________________
<PAGE>
CUSIP No. 238017017 Page 5 of 10 Pages
________________________________________________________________________________
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
John S. Suhler
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS (See Instructions)
Not Applicable
________________________________________________________________________________
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 11,731,322
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
11,731,322
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,731,322
________________________________________________________________________________
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
97%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
________________________________________________________________________________
<PAGE>
CUSIP No. 238017017 Page 6 of 10 Pages
________________________________________________________________________________
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Jeffrey T. Stevenson
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS (See Instructions)
Not Applicable
________________________________________________________________________________
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 11,731,322
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
11,731,322
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,731,322
________________________________________________________________________________
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
97%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
________________________________________________________________________________
<PAGE>
CUSIP No. 238017017 Page 7 of 10 Pages
________________________________________________________________________________
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
S. Gerard Benford
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS (See Instructions)
Not Applicable
________________________________________________________________________________
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 11,731,322
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
11,731,322
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,731,322
________________________________________________________________________________
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
97%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
________________________________________________________________________________
<PAGE>
CUSIP No. 238017017 Page 8 of 10 Pages
________________________________________________________________________________
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Martin I. Visconti
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS (See Instructions)
Not Applicable
________________________________________________________________________________
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 11,731,322
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
11,731,322
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,731,322
________________________________________________________________________________
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
97%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
________________________________________________________________________________
<PAGE>
This Amendment No. 3, constituting the final amendment (this
"Amendment"), amends and supplements the Schedule TO filed with the Securities
and Exchange Commission on March 17, 2000, as amended (the "Schedule TO") by
VS&A Communications Partners III, L.P., a Delaware limited partnership
("Parent"), VS&A-DTN, LLC, a Delaware limited liability company and DTN
Acquisition Corporation, a Delaware corporation ("Purchaser") and an indirect
subsidiary of Parent. The Schedule TO relates to the offer to purchase all of
the outstanding shares of common stock par value $0.001 per share of Data
Transmission Network Corporation, a Delaware corporation (the "Company") (the
"Shares"), at a purchase price of $29.00 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 March 17, 2000 (the "Offer to Purchase") and in the
related Letter of Transmittal, copies of which were filed as Exhibits (a)(1) and
(a)(2), respectively, to the Schedule TO. Capitalized terms used and not defined
herein shall have the meanings ascribed to such terms in the Offer to Purchase
or in the Schedule TO.
This Amendment also amends the Schedule 13D of Parent, VS&A Equities
III, L.L.C., John J. Veronis, John S. Suhler, Jeffrey T. Stevenson, S. Gerard
Benford, and Martin I. Visconti filed with the Securities and Exchange
Commission on March 13, 2000, which is incorporated herein by reference.
Reference is hereby made to the press release dated April 24, 2000,
which is attached hereto as Exhibit (a)(10) and is incorporated herein by
reference.
ITEM 8. INTEREST IN SECURITIES OF THE SUBJECT COMPANY.
The response to Item 8 is amended and supplemented by the addition of
the following:
At 5:00 p.m. Eastern Standard Time, on Friday, April 21, 2000, the offer
expired. Based on preliminary information provided by the Depositary, 11,731,322
Shares were validly tendered and not withdrawn pursuant to the Offer, which
together represent approximately 97% of the outstanding Shares. Purchaser has
accepted for payment all such Shares at the purchase price of $29.00 per Share,
net to the seller in cash.
ITEM 12. EXHIBITS.
The response to Item 12 is amended to add the following exhibit:
(a)(10) Press Release issued by Parent dated April 24, 2000.
<PAGE>
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.
Dated: April 24, 2000 DTN ACQUISITION CORPORATION
By: /s/Martin I. Visconti
Name: Martin I. Visconti
Title: Vice President
VS&A-DTN, LLC
By: VS&A COMMUNICATIONS
PARTNERS III, L.P.
By: VS&A EQUITIES III, L.L.C.
By: /s/Martin I. Visconti
Name: Martin I. Visconti
Title: Managing Member
VS&A COMMUNICATIONS PARTNERS
III, L.P.
By: VS&A EQUITIES III, L.L.C.
By: /s/Martin I. Visconti
Name: Martin I. Visconti
Title: Managing Member
<PAGE>
Exhibit (a)(10)
TENDER OFFER FOR DATA TRANSMISSION NETWORK CORPORATION COMPLETED
New York, NY (April 24, 2000) - VS&A Communications Partners III, L.P.
("VS&A"), which is the private equity affiliate of the media merchant bank
Veronis, Suhler & Associates, Inc. ("Veronis Suhler") announced today the
successful completion of its tender offer to purchase all of the issued and
outstanding shares of Data Transmission Network Corporation ("DTN")
(NASDAQ:DTLN) for $29.00 net per share in cash.
The tender offer expired at 5:00 p.m., Eastern Standard Time, on Friday,
April 21, 2000. VS&A accepted for payment over approximately 11.7 million shares
of DTN's common stock.
As a result of the tender offer, VS&A now owns approximately 97% of
DTN's outstanding shares of common stock. VS&A intends to promptly complete the
acquisition by means of a second-step merger in which the remaining shareholders
of DTN will receive $29.00 net per share in cash.
Headquartered in Omaha, Nebraska, DTN is a leading business-to-business
electronic commerce and information services company with more than 1,000
employees in eight locations across the U.S., and approximately 166,000
subscribers throughout the U.S. and Canada. DTN has served professional users in
the agriculture, weather, energy and financial services industries since it was
founded in 1984. For each of these business sectors, DTN provides its customers
with targeted (proprietary and third party) time-sensitive information through a
variety of distribution methods including Internet, satellite, leased lines and
other technologies.
Visit the DTN web site for company and investor information at
WWW.DTN.COM.
Since 1987, VS&A Communications Partners has managed three private
equity funds, which have acquired more than 20 portfolio companies in the media,
communications and information industries. Its third fund, VS&A Communications
Partners III, L.P., capitalized at $1.0 billion, is the largest private equity
fund dedicated exclusively to investments in the media, communications and
information industries. Veronis, Suhler (WWW.VERONISSUHLER.COM) is a leading
independent media industry merchant bank dedicated to the media, communications
and information industries. Since its formation in 1981, the firm has acted as a
financial advisor across the full spectrum of media industry segments including
Broadcasting, Cable & Entertainment; Newspaper Publishing; Consumer Magazines;
Business Information Services; Consumer, Professional & Educational Books;
Business-to-Business Communications; Specialty Media & Marketing Services; and
the Internet.
Contacts:
Data Transmission Network Corporation: 402-390-2328
Greg Sloma, President & COO
Brian Larson, CFO
Joe Urzendowski, Vice President/Operations
VS&A Communications Partners:
Allan Ripp, Ripp & Associates, 212-721-7468
Julie Farin, 212-935-4990
