-----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, F802d+QjO78R/w80FjNzzBH7N7JVpr/H2keNEZmb6xoTzlW4ERMNegmk4X9Vq5ox GwQQIZp7Q/SyRpDVxeYLXQ== 0000950123-10-084472.txt : 20100908 0000950123-10-084472.hdr.sgml : 20100908 20100908130512 ACCESSION NUMBER: 0000950123-10-084472 CONFORMED SUBMISSION TYPE: SC TO-C PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20100908 DATE AS OF CHANGE: 20100908 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RES CARE INC /KY/ CENTRAL INDEX KEY: 0000776325 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-NURSING & PERSONAL CARE FACILITIES [8050] IRS NUMBER: 610875371 STATE OF INCORPORATION: KY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-C SEC ACT: 1934 Act SEC FILE NUMBER: 005-49827 FILM NUMBER: 101061777 BUSINESS ADDRESS: STREET 1: 10140 LINN STATION RD CITY: LOUISVILLE STATE: KY ZIP: 40223 BUSINESS PHONE: 5023942100 MAIL ADDRESS: STREET 1: 10140 LINN STATION RD CITY: LOUISVILLE STATE: KY ZIP: 40223 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Onex Rescare Acquisition, LLC CENTRAL INDEX KEY: 0001500901 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC TO-C BUSINESS ADDRESS: STREET 1: 712 FIFTH AVENUE, 40TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212 582 2211 MAIL ADDRESS: STREET 1: 712 FIFTH AVENUE, 40TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 SC TO-C 1 y86520sctovc.htm SC TO-C sctovc
 
 
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE TO
(Rule 14d-100)
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR SECTION 13(e)(1) OF THE
SECURITIES EXCHANGE ACT OF 1934
Res-Care, Inc.
(Name of Subject Company (Issuer))
Onex Rescare Acquisition, LLC
(Name of Filing Persons (Offeror))
Common Stock, no par value
(Title of Class of Securities)
760943100
(CUSIP Number of Class of Securities)
Joel I Greenberg, Esq.
Kaye Scholer LLP
425 Park Avenue
New York, New York 10022
(212) 836-8000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf
of Filing Persons)
CALCULATION OF FILING FEE
     
Transaction Valuation   Transaction Valuation
Not Applicable   Not Applicable
o    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:
  N/A   Filing Party:   N/A
 
           
Form or Registration No.:
  N/A   Date Filed:   N/A
þ    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:
þ    third-party tender offer subject to Rule 14d-1.
 
o    issuer tender offer subject to Rule 13e-4.
 
þ    going-private transaction subject to Rule 13e-3.
 
o    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: o
If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:
o    Rule 13e-4(i) (Cross-Border Issuer Tender Offer)
 
o    Rule 14d-1(d) (Cross-Border Third-Party Tender Offer)
 
 

 


 

     This filing relates solely to preliminary communications made before the commencement of a planned tender offer by Onex Rescare Acquisition, LLC (“Purchaser”), a wholly owned subsidiary of Onex Partners Manager LP (“Parent”), for all of the issued and outstanding common stock, no par value, of Res-Care, Inc. (the “Company”), to be commenced pursuant to the Agreement and Plan of Share Exchange, dated September 6, 2010, by and among Purchaser and the Company.
     The exhibit is neither an offer to purchase nor solicitation of an offer to sell securities. The tender offer for the outstanding shares of the Company’s common stock described in this filing has not commenced. At the time the offer is commenced, Purchaser will file a tender offer statement on Schedule TO with the Securities and Exchange Commission (the “SEC”). The tender offer statement (including an offer to purchase, a related letter of transmittal and other offer documents) will contain important information that should be read carefully before any decision is made with respect to the tender offer. Those materials will be made available to the Company’s stockholders at no expense to them. In addition, all of those materials (and all other offer documents filed with the SEC) will be available at no charge on the SEC’s website: www.sec.gov.

 


 

EXHIBIT INDEX
     
Exhibit   Description
 
   
99.1
  Press Release, dated September 7, 2010

 

EX-99.1 2 y86520exv99w1.htm EX-99.1 exv99w1
Exhibit 99.1
(ONEX LOGO)
All amounts in Canadian dollars
unless otherwise stated
— Onex Reaches Agreement to Acquire
Remaining 75% Interest in ResCare —
Toronto, September 7, 2010 — Onex Corporation (TSX: OCX) today announced that Onex Partners III has entered into an agreement and plan of share exchange whereby it would acquire all of the outstanding shares of common stock of ResCare not owned by Onex or its affiliates through a tender offer at a price of US$13.25 per share.
In June 2004, Onex and Onex Partners I acquired a 25% interest in ResCare for US$84 million, or US$9.87 per share. The proposal would see Onex Partners III acquire the remaining 75% interest for a total purchase price of approximately US$340 million.
ResCare is the leading U.S. provider of in-home care, job training and education support services to individuals with developmental and intellectual disabilities.
The transaction is subject to there being tendered and not withdrawn a majority of the fully diluted shares of common stock of ResCare not owned by Onex or its affiliates or certain members of ResCare’s management participating in the transaction, and the satisfaction of certain other customary conditions. The transaction is expected to close in the fourth quarter of 2010.
About Onex
Onex is one of North America’s oldest and most successful investment firms committed to acquiring and building high-quality businesses in partnership with talented management teams. Onex manages investment platforms focused on private equity, real estate and credit securities. In total, the Company manages approximately US$12 billion. Onex generates annual management fee income on approximately US$7.9 billion of third-party capital and is entitled to a carried interest on US$7.2 billion of that capital. As well, Onex invests its own capital directly and as a substantial limited partner in its Funds.
Onex’ businesses generate annual revenues of $31 billion, have assets of $36 billion and employ more than 210,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol OCX. For more information on Onex, visit its website at www.onex.com. The Company’s security filings can also be accessed at www.sedar.com.

 


 

This news release may contain forward-looking statements that are based on management’s current expectations and are subject to known and unknown uncertainties and risks, which could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. Onex is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise.
Important Information
This announcement and the description of the transaction contained herein are for informational purposes only and are not an offer to purchase or a solicitation of an offer to sell securities of ResCare. The tender offer described herein has not yet been commenced. At the time the tender offer is commenced, Onex Partners III intends to file a tender offer statement on a Schedule TO containing an offer to purchase, a letter of transmittal and other related documents with the Securities and Exchange Commission (the “SEC”). At the time the tender offer is commenced, ResCare intends to file with the SEC a solicitation/recommendation statement on Schedule 14D-9 and, if required, will file a proxy statement or information statement with the SEC at a later date. Such documents will be mailed to shareholders of record and will also be made available for distribution to beneficial owners of common stock of ResCare. The solicitation of offers to sell common stock of ResCare will only be made pursuant to the offer to purchase, the letter of transmittal and related documents. Shareholders are advised to read the offer to purchase and the letter of transmittal, the solicitation/recommendation statement, the proxy statement, the information statement and all related documents, if and when such documents are filed and become available, as they will contain important information about the tender offer and proposed share exchange. Shareholders can obtain these documents when they are filed and become available free of charge from the SEC’s website at www.sec.gov, or from the information agent that Onex Partners III selects.
For further information:
Emma Thompson
Vice President, Investor Relations
Tel: 416.362.7711

 

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