0000950103-17-012603.txt : 20171220 0000950103-17-012603.hdr.sgml : 20171220 20171220073524 ACCESSION NUMBER: 0000950103-17-012603 CONFORMED SUBMISSION TYPE: SC TO-I/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20171220 DATE AS OF CHANGE: 20171220 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Cosan Ltd. CENTRAL INDEX KEY: 0001402902 STANDARD INDUSTRIAL CLASSIFICATION: SUGAR & CONFECTIONERY PRODUCTS [2060] IRS NUMBER: 000000000 STATE OF INCORPORATION: D0 FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: SC TO-I/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-83110 FILM NUMBER: 171265678 BUSINESS ADDRESS: STREET 1: AV. JUSCELINO KUBITSCHEK, 1327 - 4TH FL. STREET 2: VILA OLIMPIA CITY: SAO PAULO, SP STATE: D5 ZIP: 04543-000 BUSINESS PHONE: 55-11-3897-9797 MAIL ADDRESS: STREET 1: AV. JUSCELINO KUBITSCHEK, 1327 - 4TH FL. STREET 2: VILA OLIMPIA CITY: SAO PAULO, SP STATE: D5 ZIP: 04543-000 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Cosan Ltd. CENTRAL INDEX KEY: 0001402902 STANDARD INDUSTRIAL CLASSIFICATION: SUGAR & CONFECTIONERY PRODUCTS [2060] IRS NUMBER: 000000000 STATE OF INCORPORATION: D0 FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: SC TO-I/A BUSINESS ADDRESS: STREET 1: AV. JUSCELINO KUBITSCHEK, 1327 - 4TH FL. STREET 2: VILA OLIMPIA CITY: SAO PAULO, SP STATE: D5 ZIP: 04543-000 BUSINESS PHONE: 55-11-3897-9797 MAIL ADDRESS: STREET 1: AV. JUSCELINO KUBITSCHEK, 1327 - 4TH FL. STREET 2: VILA OLIMPIA CITY: SAO PAULO, SP STATE: D5 ZIP: 04543-000 SC TO-I/A 1 dp84329_sctoia.htm FORM SC TO-I/A

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. 1

 

 

 

COSAN LIMITED

(Name of Subject Company (Issuer) and Filing Person (Offeror))

 

CLASS A COMMON SHARES, PAR VALUE U.S.$.01 PER SHARE

 (Title of Class of Securities)

 

G25343107

(CUSIP Number of Class of Securities)

 

MARCELO EDUARDO MARTINS

(55)(11) 3897-9797

RI@COSAN.COM

AV. FARIA LIMA, 4100 – 16TH FLOOR

SÃO PAULO, SP 04538-132, BRAZIL

 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Filing Persons)

 

Copy to:
MANUEL GARCIADIAZ, ESQ.
DAVIS POLK & WARDWELL LLP
450 LEXINGTON AVENUE
NEW YORK, NEW YORK 10017
(212) 450-4000

 

 

 

 

CALCULATION OF FILING FEE

 

TRANSACTION VALUATION(1)

AMOUNT OF FILING FEE(2)

U.S.$200,000,000 U.S.$24,900

 

(1)Estimated for purposes of calculating the amount of the filing fee only, this amount is based on the purchase of Class A common shares for a maximum aggregate tender offer price of U.S.$200,000,000.

 

(2)The amount of the filing fee, calculated in accordance with Rule 0-11 of the Securities Exchange Act of 1934, as amended, equals U.S.$124.50 per million dollars of the value of the transaction.

 

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: U.S.$24,900 Filing Party: Cosan Limited
Form or Registration No.: Schedule TO Date Filed: November 20, 2017

 

Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

 

Check the appropriate boxes 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. 1 (this “Amendment No. 1”) amends and supplements the Tender Offer Statement on Schedule TO (as may be further supplemented or amended from time to time, the “Schedule TO”) originally filed with the Securities and Exchange Commission (the “SEC”) by Cosan Limited (the “Company”), a limited liability exempted company incorporated under the laws of Bermuda, to purchase for cash up to an aggregate amount of U.S.$200,000,000 Class A Common Shares, par value U.S.$.01 per share, at a purchase price not greater than U.S.$9.65 nor less than U.S.$9.23 per share, in cash, less any applicable withholding taxes and without interest, upon the terms and subject to the conditions set forth in the Offer to Purchase dated November 20, 2017 (the “Offer to Purchase”) and in the related Letter of Transmittal (the “Letter of Transmittal”).

 

This Amendment No. 1 is being filed to amend and supplement certain provisions of the Schedule TO. Except as amended hereby to the extent specifically provided herein, all terms of the Offer and all other disclosures set forth in the Schedule TO and the Exhibits thereto remain unchanged. This Amendment No. 1 should be read in conjunction with the Schedule TO and the Exhibits thereto.

 

ITEM 11. ADDITIONAL INFORMATION

 

Item 11 of the Schedule TO is hereby amended and supplemented as follows:

 

On December 20, 2017, the Company issued a press release announcing the preliminary results of the Offer, which expired at 11:59 P.M., New York City time, on December 19, 2017. A copy of the press release is incorporated by reference herein as Exhibit (a)(1)(H) to the Schedule TO.

 

 ITEM 12. EXHIBITS.

 

Item 12 and the Exhibit Index of the Schedule TO are hereby amended and supplemented by adding the following exhibit:

 

(a)(1)(H) Press Release dated December 20, 2017.

 

 

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.

 

Date: December 20, 2017

 

  COSAN LIMITED
   
   
  By: /s/ Marcos Marinho Lutz
    Name:      Marcos Marinho Lutz
    Title: Chief Executive Officer

 

 

 

EXHIBIT INDEX

 

(a)(1)(A)*Offer to Purchase dated November 20, 2017.

 

(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)*Press Release dated November 20, 2017.

 

(a)(1)(G)*Summary Advertisement.

 

(a)(1)(H)**Press Release dated December 20, 2017.

 

(b)Not Applicable.

 

(g)Not Applicable.

 

(h)Not Applicable.

 

* Previously filed with the Schedule TO on November 20, 2017.

 

** Filed herewith.

EX-99.A1H 2 dp84329_ex99a1h.htm EXHIBIT A(1)H

Exhibit a(1)H

 

 

COSAN LIMITED ANNOUNCES PRELIMINARY RESULTS OF ITS TENDER OFFER

 

SÃO PAULO, SP, BRAZIL (December 20, 2017) – Cosan Limited (NYSE: CZZ; B3: CZLT33) announced today the preliminary results of its tender offer to purchase up to U.S.$200,000,000 of its Class A common shares, or the shares, at (i) prices specified by the tendering shareholders of not greater than U.S.$9.65 nor less than U.S.$9.23 per share or (ii) at the purchase price determined in accordance with the tender offer. The tender offer expired at 11:59 p.m., New York City time, on December 19, 2017.

 

Based on the preliminary count by Computershare Trust Company, N.A., the Depositary for the tender offer (the “Depositary”), a total of 22,019,568 shares of the Company were properly tendered and not properly withdrawn at or below a price of U.S.$9.65 per share, the maximum cash purchase price in the price range specified in the tender offer, including 2,082,891 shares that were tendered through notice of guaranteed delivery.

 

In accordance with the terms and conditions of the tender offer, and in view of the preliminary results, Cosan expects to accept for payment an aggregate of 22,019,568 shares at a purchase price of U.S.$9.65 per share. The shares expected to be repurchased represent approximately 13.04% of the issued and outstanding Class A common shares of Cosan as of December 19, 2017. The shares expected to be purchased include approximately 1,294,179 additional shares that Cosan has elected to purchase pursuant to its right to purchase up to an additional 2% of its outstanding Class A common shares.

 

The number of shares to be purchased and the purchase price per share are preliminary and subject to change. The determination of the final number of shares to be purchased and the final purchase price per share is subject to confirmation by the Depositary of the proper delivery of all shares validly tendered and not withdrawn, including shares to be delivered in accordance with notices of guaranteed delivery within the settlement period. The actual number of shares validly tendered and not withdrawn and the final purchase price per share will be announced following the completion of the confirmation process and the expiration of the guaranteed delivery period. Payment for the shares accepted for purchase will occur promptly thereafter. Payment for shares will be made in cash, without interest.

 

About Cosan

 

Cosan Limited (NYSE: CZZ; B3: CZLT33) is an energy and infrastructure conglomerate and, when considered together with our joint venture entities formed with Shell Brazil Holdings B.V. (i.e., Raízen Combustíveis S.A. and Raízen Energia S.A., collectively known as “Raízen”), a Brazilian market leader in fuel distribution, sugar and ethanol production, natural gas distribution and railway-based logistics.

 

*****************************

 

All statements contained in this press release, other than statements of historical fact, are forward-looking statements including those regarding the expected timing of the tender offer described in this press release. These statements speak only as of the date of this press release and are based on our current plans and expectations and involve risks and uncertainties that could cause actual future events or results to be different from those described in or implied by such forward-looking statements, including risks and uncertainties regarding: changes in financial markets; changes in economic, political or regulatory conditions or other trends affecting the ethanol, sugar and logistics industries; and changes in facts and circumstances and other uncertainties concerning the completion of the tender offer. Further information about these matters can be found in our Securities and Exchange Commission filings. Except as required by applicable law or regulation, we do not undertake any obligation to update our forward-looking statements to reflect future events or circumstances.

 

GRAPHIC 3 image_001.jpg GRAPHIC begin 644 image_001.jpg M_]C_X 02D9)1@ ! 0$ 8 !@ #_VP!# @&!@<&!0@'!P<)"0@*#!0-# L+ M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7& MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0 'P$ P$! 0$! M 0$! 0 $" P0%!@<("0H+_\0 M1$ @$"! 0#! <%! 0 0)W $" M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$ MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4 MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,! (1 Q$ /P#W^BBBD 44 M5%[&,< M33G'FINYV,WBW2HGVK))+[QIQ^N*FL?$>G7\ZP1.ZRMPJNA&:\YKI_!EGYEY M->,/EB78O^\>OZ?SK@HXRM4J*.FHHU)2E8[6BBBO5.@**** "BBB@ KG_'$K M1>#-29>IC"_@6 /\ZZ"LSQ%8-J?AV_LT&7DA.P>K#D?J!6E)I5(M]T8XB+E1 MFH[V?Y'BN@1!KF24CE%P/J:ZBSLYK^[CMH%R[GOT [D^U&*@X/ ML?\ Z]>F^"8%/VNX(^<%4!]!U/\ 2N'-JWMH+6,QV\*1(3DJ@P,U+16\*4(?"K'MJ*6P44458PH MHHH **** "LGQ*VKIH-R^AE/MZC*!EW$CN%[;O3-:U%.+LTR91YHM7L?-=EJ M4R7QFE8FX#DONX+$GG/OUKU;P1K$'VAHMX$=R!M)[..QJQXM^'-EX@E>]LW% MGJ!Y9@N4D/\ M#L?*H46"?PW>7A7C/DNK?B<5U^E M:CXGU*YBDN='MM-LPR@#M6]&DIIRD[)'-B*TJ;C""O*6QZUIVLZ9JZLVGWT%R%^\(W M!(^HZBDU+6]+T@+_ &A?V]L6^Z)' )^@ZU@67@G1_#.I3ZY8),&BMWVP%RR@ MXR2._08P:X?P/X?@\<:CJ6KZ[+)<,KJ/+#EGZK8:K"9;"\AN4'!,3AL?7TJ'4M>TK1RJZAJ%O;,PRJ MR. 2/7'6O*=;T]?A]XZTV?2)9!;W&TM"S9^7=M93ZCN,]ZA\6Z=)I?CJZU+7 MM-GO]+G3L^WKW/8[/4K M'4;;[39W<,\(ZO&X('U]*SSXN\.BY^SG6;+S*= M"M(899]6M$28;HSYH.X=,C';WKS22ZFNO@>/.-KO78]0\07,4-FD;(;08(<$?W5XZXY)S6/+X.\4>%- M8N+OPI*DUI-UA=ER!V4AN#CL0EM ^IP4>5-I[WOJ_4\JTKX::BOA35+:[FBBOKP MQM'&&RJ;"2 Q'KD].E5D\-^/;GPZ?#SPVUO80J2/G7=+@Y"Y!Z9]<>]>O457 MUN=[M)]2?J%*R2;6EM]T>:)X/UH?"Y]$-LGV\W/F"/S5QMW ]>G2NI\.Z3>: M?X%@TNYC5;M+>1"@8$9);'/3N*Z*BLYUY25GWN:T\-"#NNUOD<-\-?#>J>'+ D._CU.!(FFD1D"R!L@ YZ5W-%%14J.I)R?4TI4HTH*$=D?__9 end