-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UhK1qJ9rDpU97lXL4quUab5CyWWqky4szDYgCEq4G6p6vkQBOMhKvM1lHmHWYeEP 3q+W6FxlcMHgwQ4hOGUc0Q== 0000905148-07-003598.txt : 20070507 0000905148-07-003598.hdr.sgml : 20070507 20070507165052 ACCESSION NUMBER: 0000905148-07-003598 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070507 DATE AS OF CHANGE: 20070507 GROUP MEMBERS: SAB CAPITAL ADVISORS, L.L.C. GROUP MEMBERS: SAB CAPITAL MANAGEMENT, L.L.C. GROUP MEMBERS: SAB CAPITAL MANAGEMENT, L.P. GROUP MEMBERS: SAB CAPITAL PARTNERS II, L.P. GROUP MEMBERS: SAB CAPTIAL PARTNERS, L.P. GROUP MEMBERS: SAB OVERSEAS MASTER FUND, L.P. GROUP MEMBERS: SCOTT A. BOMMER SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TWEEN BRANDS, INC. CENTRAL INDEX KEY: 0001085482 STANDARD INDUSTRIAL CLASSIFICATION: WOMEN'S, MISSES', AND JUNIORS OUTERWEAR [2330] IRS NUMBER: 311333930 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-56727 FILM NUMBER: 07824589 BUSINESS ADDRESS: STREET 1: 8323 WALTON PARKWAY CITY: NEW ALBANY STATE: OH ZIP: 43054 BUSINESS PHONE: 614.775.3500 MAIL ADDRESS: STREET 1: 8323 WALTON PARKWAY CITY: NEW ALBANY STATE: OH ZIP: 43054 FORMER COMPANY: FORMER CONFORMED NAME: TOO, INC. DATE OF NAME CHANGE: 20041118 FORMER COMPANY: FORMER CONFORMED NAME: Too, Inc. DATE OF NAME CHANGE: 20041118 FORMER COMPANY: FORMER CONFORMED NAME: TOO INC DATE OF NAME CHANGE: 19990429 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SAB CAPITAL PARTNERS LP CENTRAL INDEX KEY: 0001090963 IRS NUMBER: 134021254 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 650 MADISON AVE 26TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2126109060 MAIL ADDRESS: STREET 1: 650 MADISON AVENUE 26TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G 1 efc7-1339_sc13g.txt UNITED STATES SECURITIES EXCHANGE COMMISSION Washington, D.C. 20549 - ------------------------------------------------------------------------------ SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ) TWEEN BRANDS, INC. ------------------ (Name of Issuer) Common Stock, $.01 par value per share -------------------------------------- (Title of Class of Securities) 901166108 -------------- (CUSIP Number) April 27, 2007 -------------- (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |_| Rule 13d-1(b) |X| Rule 13d-1(c) |_| Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Continued on following pages Page 1 of 15 Pages SCHEDULE 13G CUSIP No.: 901166108 Page 2 of 15 Pages ................................................................................. 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). SAB CAPITAL PARTNERS, L.P. ................................................................................. 2. Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] ................................................................................. 3. SEC Use Only ................................................................................. 4. Citizenship or Place of Organization Delaware ................................................................................. Number of 5. Sole Voting Power - 0 - Shares Beneficially ................................................................ Owned by Each Reporting 6. Shared Voting Power 1,102,741 Person With ................................................................ 7. Sole Dispositive Power - 0 - ................................................................ 8. Shared Dispositive Power 1,102,741 ................................................................................. 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,102,741 ................................................................................. 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) |_| ................................................................................. 11. Percent of Class Represented by Amount in Row (9) 3.59% based on 30,678,032 shares outstanding as of April 6, 2007. ................................................................................. 12. Type of Reporting Person: PN SCHEDULE 13G CUSIP No.: 901166108 Page 3 of 15 Pages ................................................................................. 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). SAB CAPITAL PARTNERS II, L.P. ................................................................................. 2. Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] ................................................................................. 3. SEC Use Only ................................................................................. 4. Citizenship or Place of Organization Delaware ................................................................................. Number of 5. Sole Voting Power - 0 - Shares Beneficially ................................................................ Owned by Each Reporting 6. Shared Voting Power 25,508 Person With ................................................................ 7. Sole Dispositive Power - 0 - ................................................................ 8. Shared Dispositive Power 25,508 ................................................................................. 9. Aggregate Amount Beneficially Owned by Each Reporting Person 25,508 ................................................................................. 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) |_| ................................................................................. 11. Percent of Class Represented by Amount in Row (9) 0.08% based on 30,678,032 shares outstanding as of April 6, 2007. ................................................................................. 12. Type of Reporting Person: PN SCHEDULE 13G CUSIP No.: 901166108 Page 4 of 15 Pages ................................................................................. 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). SAB OVERSEAS MASTER FUND, L.P. ................................................................................. 2. Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] ................................................................................. 3. SEC Use Only ................................................................................. 4. Citizenship or Place of Organization Cayman Islands ................................................................................. Number of 5. Sole Voting Power - 0 - Shares Beneficially ................................................................ Owned by Each Reporting 6. Shared Voting Power 471,751 Person With ................................................................ 7. Sole Dispositive Power - 0 - ................................................................ 8. Shared Dispositive Power 471,751 ................................................................................. 9. Aggregate Amount Beneficially Owned by Each Reporting Person 471,751 ................................................................................. 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) |_| ................................................................................. 11. Percent of Class Represented by Amount in Row (9) 1.54% based on 30,678,032 shares outstanding as of April 6, 2007. ................................................................................. 12. Type of Reporting Person: PN SCHEDULE 13G CUSIP No.: 901166108 Page 5 of 15 Pages ................................................................................. 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). SAB CAPITAL ADVISORS, L.L.C. ................................................................................. 2. Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] ................................................................................. 3. SEC Use Only ................................................................................. 4. Citizenship or Place of Organization Delaware ................................................................................. Number of 5. Sole Voting Power - 0 - Shares Beneficially ................................................................ Owned by Each Reporting 6. Shared Voting Power 1,600,000 Person With ................................................................ 7. Sole Dispositive Power - 0 - ................................................................ 8. Shared Dispositive Power 1,600,000 ................................................................................. 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,600,000 ................................................................................. 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) |_| ................................................................................. 11. Percent of Class Represented by Amount in Row (9) 5.22% based on 30,678,032 shares outstanding as of April 6, 2007. ................................................................................. 12. Type of Reporting Person: OO SCHEDULE 13G CUSIP No.: 901166108 Page 6 of 15 Pages ................................................................................. 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). SAB CAPITAL MANAGEMENT, L.P. ................................................................................. 2. Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] ................................................................................. 3. SEC Use Only ................................................................................. 4. Citizenship or Place of Organization Delaware ................................................................................. Number of 5. Sole Voting Power - 0 - Shares Beneficially ................................................................ Owned by Each Reporting 6. Shared Voting Power 1,600,000 Person With ................................................................ 7. Sole Dispositive Power - 0 - ................................................................ 8. Shared Dispositive Power 1,600,000 ................................................................................. 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,600,000 ................................................................................. 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) |_| ................................................................................. 11. Percent of Class Represented by Amount in Row (9) 5.22% based on 30,678,032 shares outstanding as of April 6, 2007. ................................................................................. 12. Type of Reporting Person: PN SCHEDULE 13G CUSIP No.: 901166108 Page 7 of 15 Pages ................................................................................. 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). SAB CAPITAL MANAGEMENT, L.L.C. ................................................................................. 2. Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] ................................................................................. 3. SEC Use Only ................................................................................. 4. Citizenship or Place of Organization Delaware ................................................................................. Number of 5. Sole Voting Power - 0 - Shares Beneficially ................................................................ Owned by Each Reporting 6. Shared Voting Power 1,600,000 Person With ................................................................ 7. Sole Dispositive Power - 0 - ................................................................ 8. Shared Dispositive Power 1,600,000 ................................................................................. 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,600,000 ................................................................................. 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) |_| ................................................................................. 11. Percent of Class Represented by Amount in Row (9) 5.22% based on 30,678,032 shares outstanding as of April 6, 2007. ................................................................................. 12. Type of Reporting Person: OO SCHEDULE 13G CUSIP No.: 901166108 Page 8 of 15 Pages ................................................................................. 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). SCOTT A. BOMMER ................................................................................. 2. Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] ................................................................................. 3. SEC Use Only ................................................................................. 4. Citizenship or Place of Organization United States of America ................................................................................. Number of 5. Sole Voting Power - 0 - Shares Beneficially ................................................................ Owned by Each Reporting 6. Shared Voting Power 1,600,000 Person With ................................................................ 7. Sole Dispositive Power - 0 - ................................................................ 8. Shared Dispositive Power 1,600,000 ................................................................................. 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,600,000 ................................................................................. 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) |_| ................................................................................. 11. Percent of Class Represented by Amount in Row (9) 5.22% based on 30,678,032 shares outstanding as of April 6, 2007. ................................................................................. 12. Type of Reporting Person: IN Page 9 of 15 Pages Item 1(a). Name of Issuer: Tween Brands, Inc. (the "Issuer"). Item 1(b). Address of Issuer's Principal Executive Offices: 8323 Walton Parkway, New Albany, Ohio 43054. Item 2(a). Name of Person Filing: This Statement is filed on behalf of each of the following persons (collectively, the "Reporting Persons"): i) SAB Capital Partners, L.P. ("SAB"); ii) SAB Capital Partners II, L.P. ("SAB II", and together with SAB, the "Domestic Partnerships"); iii) SAB Overseas Master Fund, L.P. (the "Master Fund"); iv) SAB Capital Advisors, L.L.C. (the "General Partner"); v) SAB Capital Management, L.P. (the "Investment Manager"); vi) SAB Capital Management, L.L.C. (the "IMGP"); and vii) Scott A. Bommer ("Mr. Bommer"). This Statement relates to Shares (as defined herein) held for the accounts of each of SAB, SAB II, and the Master Fund. The General Partner serves as the general partner of each of the Domestic Partnerships and the Master Fund. The Investment Manager serves as the investment manager of each of the Domestic Partnerships and the Master Fund. The IMGP serves as the general partner of the Investment Manager. Mr. Bommer serves as the managing member of each of the General Partner and IMGP. Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. Item 2(b). Address of Principal Business Office or, if None, Residence: The address of the principal business office of each of the Reporting Persons is 712 Fifth Avenue, 42nd Floor, New York, N.Y. 10019. Item 2(c). Citizenship: i) SAB is a Delaware limited partnership; ii) SAB II is a Delaware limited partnership; Page 10 of 15 Pages iii) The Master Fund is a Cayman Islands exempted limited partnership; iv) The General Partner is a Delaware limited liability company; v) The Investment Manager is a Delaware limited partnership; vi) The IMGP is a Delaware limited liability company; and v) Mr. Bommer is a citizen of the United States of America. Item 2(d). Title of Class of Securities: Common Stock, $.01 par value per share (the "Shares") Item 2(e). CUSIP Number: 901166108 Item 3. If This Statement is Filed Pursuant to ss.ss.240.13d-1(b) or 240.13d-2(b) or (c), Check Whether the Person Filing is a: This Item 3 is not applicable. Item 4. Ownership: Item 4(a) Amount Beneficially Owned As of May 4, 2007: (a) SAB may be deemed to be the beneficial owner of 1,102,741 Shares held for its account; (b) SAB II may be deemed to be the beneficial owner of 25,508 Shares held for its account; (c) The Master Fund may be deemed to be the beneficial owner of 471,751 Shares held for its account; and (d) Each of the General Partner, the Investment Manager, the IMGP and Mr. Bommer may be deemed to be the beneficial owner of 1,600,000 Shares held for the accounts of each of SAB, SAB II, and the Master Fund. This amount includes: A) 1,102,741 Shares held for the account of SAB; B) 25,508 Shares held for the account of SAB II; and C) 471,751 Shares held for the account of the Master Fund. Item 4(b) Percent of Class: (a) As of May 4, 2007, the number of Shares SAB may be deemed to be the beneficial owner of constitutes approximately 3.59% of the total number of Shares outstanding (based upon information provided by the Issuer in its most recently filed proxy statement there were approximately 30,678,032 shares outstanding as of April 6, 2007). Page 11 of 15 Pages (b) As of May 4, 2007, the number of Shares SAB II may be deemed to be the beneficial owner of constitutes approximately 0.08% of the total number of Shares outstanding (based upon information provided by the Issuer in its most recently filed proxy statement there were approximately 30,678,032 shares outstanding as of April 6, 2007). (c) As of May 4, 2007, the number of Shares the Master Fund may be deemed to be the beneficial owner of constitutes approximately 1.54% of the total number of Shares outstanding (based upon information provided by the Issuer in its most recently filed proxy statement there were approximately 30,678,032 shares outstanding as of April 6, 2007). (d) As of May 4, 2007, the number of Shares the General Partner, the Investment Manager, the IMGP and Mr. Bommer may be deemed to be the beneficial owner of constitutes approximately 5.22% of the total number of Shares outstanding (based upon information provided by the Issuer in its most recently filed proxy statement there were approximately 30,678,032 shares outstanding as of April 6, 2007). Item 4(c) Number of Shares of which such person has: SAB: - ---- (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 1,102,741 (iii) Sole power to dispose or direct the disposition of: 0 (iv) Shared power to dispose or direct the disposition of: 1,102,741 SAB II: - ------- (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 25,508 (iii) Sole power to dispose or direct the disposition of: 0 (iv) Shared power to dispose or direct the disposition of: 25,508 The Master Fund: - ---------------- (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 471,751 (iii) Sole power to dispose or direct the disposition of: 0 (iv) Shared power to dispose or direct the disposition of: 471,751 The General Partner, the Investment Manager, the IMGP and Mr. Bommer: - -------------------------------------------------------------------- (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 1,600,000 (iii) Sole power to dispose or direct the disposition of: 0 (iv) Shared power to dispose or direct the disposition of: 1,600,000 Page 12 of 15 Pages Item 5. Ownership of Five Percent or Less of a Class: This Item 5 is not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person: This Item 6 is not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: This Item 7 is not applicable Item 8. Identification and Classification of Members of the Group: See disclosure in Item 2 hereof. Item 9. Notice of Dissolution of Group: This Item 9 is not applicable. Item 10. Certification: By signing below each of the Reporting Persons certifies that, to the best of their knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Page 13 of 15 Pages SIGNATURE After reasonable 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. Date: May 7, 2007 /s/ Michael Casey --------------------------------------- Michael Casey, attorney-in-fact for Scott A. Bommer, individually and (a) as managing member of SAB Capital Advisors, L.L.C., for itself and as the general partner of (i) SAB Capital Partners, L.P.; and (ii) SAB Capital Partners II, L.P.; and (iii) SAB Overseas Master Fund, L.P.; and (b) as managing member of SAB Capital Management, L.L.C., for itself and as the general partner of SAB Capital Management, L.P. Page 14 of 15 Pages EXHIBIT 1 JOINT ACQUISITION STATEMENT PURSUANT TO RULE 13d-1(k) The undersigned acknowledge and agree that the foregoing statement on Schedule 13G, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate. DATED: May 7, 2007 /s/ Michael Casey ------------------------------------------------------------- Michael Casey, attorney-in-fact for Scott A. Bommer, individually and (a) as managing member of SAB Capital Advisors, L.L.C., for itself and as the general partner of (i) SAB Capital Partners, L.P.; and (ii) SAB Capital Partners II, L.P.; and (iii) SAB Overseas Master Fund, L.P.; and (b) as managing member of SAB Capital Management, L.L.C., for itself and as the general partner of SAB Capital Management, L.P. Page 15 of 15 Pages EXHIBIT 2 POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENT, that I, Scott A. Bommer, hereby make, constitute and appoint each of Michael Casey, Brian Jackelow and Alessandro De Giorgis, acting individually, as my agent and attorney-in-fact for the purpose of executing in my name, (a) in my personal capacity or (b) in my capacity as managing member of or in other capacities with SAB Capital Advisors, L.L.C., a Delaware limited liability company, and each of its affiliates or entities advised or controlled by me or SAB Capital Advisors, L.L.C., all documents, certificates, instruments, statements, filings and agreements ("documents") to be filed with or delivered to any foreign or domestic governmental or regulatory body or required or requested by any other person or entity pursuant to any legal or regulatory requirement relating to the acquisition, ownership, management or disposition of securities, futures contracts or other investments, and any other documents relating or ancillary thereto, including, without limitation, all documents relating to filings with the United States Securities and Exchange Commission (the "SEC") pursuant to the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended (the "Act"), and the rules and regulations promulgated thereunder, including, without limitation: (1) all documents relating to the beneficial ownership of securities required to be filed with the SEC pursuant to Section 13(d) or Section 16(a) of the Act, including, without limitation: (a) any acquisition statements on Schedule 13D or Schedule 13G and any amendments thereto, (b) any joint filing agreements pursuant to Rule 13d-1(k), and (c) any initial statements of, or statements of changes in, beneficial ownership of securities on Form 3, Form 4 or Form 5 and (2) any information statements on Form 13F required to be filed with the SEC pursuant to Section 13(f) of the Act. All past acts of these attorneys-in-fact in furtherance of the foregoing are hereby ratified and confirmed. This Power of Attorney shall remain in effect until revoked, in writing, by the undersigned. IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney, this 9th day of August 2006. /s/ Scott A. Bommer -------------------------- Scott A. Bommer -----END PRIVACY-ENHANCED MESSAGE-----