UNITED STATES
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. 2
NEXT LEVEL COMMUNICATIONS, INC.
(Name of Subject Company (issuer))
MOTOROLA, INC.
(Names of Filing Persons (identifying status as offeror, issuer or other person))
Common
Stock, par value $0.01 per Share
(Title of Class of Securities)
65333U 10 4
(CUISIP Number of Class of Securities)
Michelle M. Warner
Motorola, Inc.
1303 East Algonquin Road, Schaumburg, IL 60196
(847) 576-5000
(Name, address, and telephone numbers of persons authorized
to receive notices and communications on behalf of filing persons))
Calculation of Filing Fee
| Transaction valuation(1) | Amount of filing fee(2) | |
| $30,432,934 | $2,800 | |
| Amount Previously Paid: | $2,800 | |
| Form or Registration No.: | Not applicable | |
| Filing Party: | Motorola, Inc. | |
| Date Filed: | January 27, 2003 |
Check the appropriate boxes below to designate any transactions to which the statement relates:
Check the following box if the filing is a final amendment reporting the results of the tender offer: o
Amendment No. 2 amends and supplements the Tender Offer Statement, Rule 13e-3 Transaction Statement and Schedule 13D/A filed under cover of Schedule TO initially filed with the Securities and Exchange Commission on January 27, 2003, and as amended and supplemented by Amendment No. 1 filed with the SEC on February 4, 2003, by Motorola, Inc., a Delaware corporation ("Motorola") to purchase all outstanding shares of Common Stock, par value $0.01 per share (the "Shares"), of Next Level Communications, Inc., a Delaware corporation ("Next Level"), not owned by Motorola or its subsidiaries, at a purchase price of $1.04 per Share net to the seller in cash, upon the terms and subject to the conditions set forth in the Offer to Purchase dated January 27, 2003 (the "Offer to Purchase"), and in the related Letter of Transmittal (which, together with the Offer to Purchase, constitute the "Offer"). Capitalized terms used herein and not otherwise defined have the respecting meanings ascribed to them in the Offer to Purchase.
N/A
Item 11. Additional Information
(a)(5)(v)On February 20, 2002, the hearing on Plaintiffs' Motion for Preliminary Injunction, in Next Level Communications, et al., v. Motorola, Inc., Civil Action No. 20114 pending in the Delaware Chancery Court in the Delaware Chancery Court in and for New Castle County, was conducted. The Delaware Chancery Court has not yet ruled on this motion.
(a)(5)(vi)On February 4, 2003, Barry Feldman, et. al, filed an amended complaint in the Delaware Court of Chancery. The amended complaint dismissed the members of the Independent Committee as defendants and alleged the tender offer commenced by Motorola is coercive and the Offer price is inadequate. Motorola believes this lawsuit to be entirely without merit and intends to defend against it vigorously.
(a)(1)(xi) |
Text of Press Release issued by Motorola on February 21, 2003. |
|
(a)(5)(vi) |
Amended Complaint of Barry Feldman Civil Action No. 20114 filed in the Delaware Court of Chancery on February 4, 2003. |
Item 13. Information Required by Schedule 13E-3
Item 12. The Solicitation or Recommendation
(d) On February 14, 2003, James Ide, the Chief Financial Officer of Next Level stated he would not tender his shares at $1.04 per share. He declined to discuss his reasons for this decision.
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.
MOTOROLA, INC. |
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By: |
/s/ Donald F. McLellan |
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| Name: | Donald F. McLellan | |||
| Title: | Corporate Vice President & Director, Corporate Development |
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Date: February 21, 2003 |
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