-----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, QUuRQtu9xNlH5UWXJ0nuXyyqDQKmaUOKq1EUY/yUMBeEXuW1V1T3Rh3E1/DzhPNQ roZRFeMfTv32W3+5ovk/fA== 0000950117-02-002193.txt : 20020918 0000950117-02-002193.hdr.sgml : 20020918 20020918170642 ACCESSION NUMBER: 0000950117-02-002193 CONFORMED SUBMISSION TYPE: SC TO-C PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20020918 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DRESS BARN INC CENTRAL INDEX KEY: 0000717724 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-WOMEN'S CLOTHING STORES [5621] IRS NUMBER: 060812960 STATE OF INCORPORATION: CT FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC TO-C SEC ACT: 1934 Act SEC FILE NUMBER: 005-35085 FILM NUMBER: 02767140 BUSINESS ADDRESS: STREET 1: 30 DUNNIGAN DR CITY: SUFFERN STATE: NY ZIP: 10901 BUSINESS PHONE: 8453694600 MAIL ADDRESS: STREET 1: 30 DUNNIGAN DRIVE STREET 2: C/O VICE PRESIDENT FINANCE CITY: SUFFERN STATE: NY ZIP: 10901 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DRESS BARN INC CENTRAL INDEX KEY: 0000717724 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-WOMEN'S CLOTHING STORES [5621] IRS NUMBER: 060812960 STATE OF INCORPORATION: CT FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC TO-C BUSINESS ADDRESS: STREET 1: 30 DUNNIGAN DR CITY: SUFFERN STATE: NY ZIP: 10901 BUSINESS PHONE: 8453694600 MAIL ADDRESS: STREET 1: 30 DUNNIGAN DRIVE STREET 2: C/O VICE PRESIDENT FINANCE CITY: SUFFERN STATE: NY ZIP: 10901 SC TO-C 1 a33387.txt THE DRESS BARN, INC. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 -------------------- SCHEDULE TO (Rule 14d-100) TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) or 13(e)(1) OF THE SECURITIES EXCHANGE ACT OF 1934 The Dress Barn, Inc. -------------------- (Name of Subject Company (Issuer)) The Dress Barn, Inc. -------------------- (Name of Filing Person (Offeror)) Common Stock, par value $.05 per share -------------------------------------- (Title of Class of Securities) 261570-10-5 ----------- (CUSIP Number of Class of Securities) David R. Jaffe The Dress Barn, Inc. 30 Dunnigan Drive Suffern, New York 10901 (845) 369-4500 (Name, address and telephone number of person authorized to receive notices and communications on behalf of filing person) Copies to: Steven L. Kirshenbaum Proskauer Rose LLP 1585 Broadway New York, New York 10036 (212) 969-3000 CALCULATION OF FILING FEE Transaction Valuation* Amount of Filing Fee* N/A N/A * Pursuant to General Instruction D to Schedule TO, no filing fee is required for pre-commencement communications. [ ] 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: N/A Filing Party: N/A ------- ------- Form or Registration No.: N/A Date Filed: N/A ------- ------- [X] 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. [X] 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 Tender Offer Statement on Schedule TO relates to the preliminary communications and the pre-commencement communications of an offer by The Dress Barn, Inc., a Connecticut corporation ("Dress Barn"), to purchase up to 8,000,000 shares of common stock, par value $.05 per share, or such lesser number of shares as is properly tendered and not properly withdrawn, at a price not greater than $17.00 nor less than $15.00 per share, net to the seller in cash, without interest, as set forth in the press release attached as Exhibit 99(a)(5). This Schedule TO is intended to satisfy the reporting requirements of Rule 13e-4(c)(1) of the Securities Exchange Act of 1934, as amended. Dress Barn has not commenced the offer that is referred to in this communication. Upon commencement of such offer, Dress Barn will file with the Securities and Exchange Commission a Schedule TO and related exhibits, including the Offer to Purchase, the Letter of Transmittal and other related documents. Shareholders are strongly encouraged to read the Schedule TO and related exhibits, including the Offer to Purchase, the Letter of Transmittal and other related documents, when these become available because they will contain important information about the offer. The Schedule TO and related exhibits will be available without charge at the Securities and Exchange Commission web site at www.sec.gov and will be delivered without charge to all shareholders of Dress Barn. Item 12. Exhibits. Exhibit No. 99 (a)(5) Press Release, dated September 18, 2002 Pursuant to General Instruction D to Schedule TO, no signature is required for the filing of pre-commencement communications. EX-99 3 ex99.txt EXHIBIT (A)(5) www.dressbarn.com NEWS RELEASE CONTACT: ARMAND CORREIA SENIOR VICE PRESIDENT & CFO (845) 369-4600 FOR IMMEDIATE RELEASE SEPTEMBER 18, 2002 THE DRESS BARN, INC. DUTCH AUCTION TENDER OFFER SUFFERN, NY - SEPTEMBER 18, 2002 - The Dress Barn, Inc. (NASDAQ - DBRN), one of the nation's leading specialty store chains offering value-priced women's career and casual fashions announced today that its Board of Directors has approved the initiation of a "Dutch Auction" Tender Offer by Dress Barn to purchase up to 8,000,000 shares of its outstanding common stock at a price per share of not less than $15.00 nor in excess of $17.00 per share. The tender offer is expected to commence on or about September 19, 2002 and to expire, unless extended, at 5:00 p.m., New York City time, on or about October 18, 2002. Under the tender offer, stockholders will have the opportunity to tender some or all of their shares at a price within the $15.00 to $17.00 price range. Based on the number of shares tendered and the prices specified by the tendering stockholders, Dress Barn will determine the lowest per share price within the range that will enable it to buy 8,000,000 shares, or such lesser number of shares that are properly tendered. If stockholders of more than 8,000,000 shares properly tender their shares at or below the determined price per share, Dress Barn will purchase shares tendered by such stockholders, at the determined price per share, on a pro rata basis. Stockholders whose shares are purchased in the offer will be paid the determined purchase price per share net in cash, without interest, after the expiration of the offer period. The offer is not contingent upon any minimum number of shares being tendered. The offer is subject to a number of other terms and conditions specified in the offer to purchase that will distributed to stockholders. Elliot S. Jaffe, Chairman of the Board of The Dress Barn, Inc. commented: "We believe that our stock continues to be undervalued in the market and that a repurchase of our stock is consistent with our goal of maximizing stockholder value. At the same time, our offer provides those who wish to sell shares an opportunity to do so at a premium over recent trading prices and without incurring transaction fees." The dealer manager for the offer is Bear, Stearns & Co. Inc. The information agent is D. F. King & Co., Inc. The offer to purchase, letter of transmittal and related documents will be mailed to stockholders of record and will also be made available for distribution to beneficial owners of Dress Barn common stock. None of Dress Barn, its Board of Directors, the dealer manager and the information agent is making any recommendation to stockholders as to whether to tender or refrain from tendering their shares into the tender offer. Stockholders must decide how many shares they will tender, if any, and the price within the stated range at which they will offer their shares for purchase by Dress Barn. Stockholders and investors should read carefully the offer to purchase and related materials when they are available because they contain important information. Stockholders and investors may obtain a free copy (when available) of the offer to purchase and other documents that will be filed by Dress Barn with the Securities and Exchange Commission at the Securities and Exchange Commission's web site at www.sec.gov or from the information agent, D. F. King & Company, Inc. (800) 431-9633. Stockholders are urged to carefully read these materials prior to making any decision with respect to the offer. As previously announced, the Company, will host a conference call on September 18, 2002 at 4:00PM. (EDT). This conference call will be simulcast on The Dress Barn, Inc.'s website, www.dressbarn.com and www.v-call.com or by telephoning (334) 323-4100 followed by pass code, 69506#. A replay of the call will be available until September 26, 2002 by dialing (888) 258-7854 followed by the passcode 35590. Simultaneously with the issuance of this news release, the Company has issued a news release announcing its fourth quarter and fiscal year results. Because of the timing of the issuance of these two news releases, the Company will host a second conference call on September 19, 2002 at 8:30AM (EDT). This conference call will be simulcast on The Dress Barn, Inc.'s website, www.dressbarn.com and www.v-call.com or by telephoning (334) 323-4011 followed by pass code, 69506#. A replay of the call will be available until September 27, 2002 by dialing (888) 258-7854 followed by the passcode 37040. Statements and comments made during the conference calls not historical in nature are "forward-looking statements", within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially. Such factors may be described in our filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the fiscal year ended July 28, 2001 and Form 10-Q for the fiscal quarter ended April 27, 2002. The Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that our projected results expressed or implied therein will not be realized. -----END PRIVACY-ENHANCED MESSAGE-----