UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE
14D-9
(Rule 14d-101)
Solicitation/Recommendation Statement
Under Section 14(d)(4) of the Securities Exchange Act of 1934
(Amendment No. 8)
RPX
Corporation
(Name of Subject Company)
RPX
Corporation
(Name of Persons Filing Statement)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
74972G103
(CUSIP Number
of Class of Securities)
Emily T. Gavin
General Counsel
RPX
Corporation
One Market Plaza, Suite 1100
San Francisco, California 94105
(866)
779-7641
(Name, address, and telephone numbers of person authorized to receive notices and communications
on behalf of the persons filing statement)
Copies to
Leif
B. King
Skadden, Arps, Slate, Meagher & Flom LLP
525 University Ave, Suite 1400
Palo Alto, California 94301-1908
(650)
470-4500
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Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.
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This Amendment No. 8 (this
Amendment
) amends and supplements the
Solicitation/Recommendation Statement on Schedule
14D-9
filed by RPX Corporation, a Delaware corporation (the
Company
), with the Securities and Exchange Commission (the
SEC
) on May 21, 2018 (together with any subsequent amendments and supplements thereto, including this Amendment, the
Schedule
14D-9
). The Schedule
14D-9
relates to the cash tender offer by Riptide Purchaser, Inc., a Delaware corporation (
Purchaser
) and a wholly owned subsidiary of Riptide Parent, LLC, a Delaware corporation
(
Parent
) (both Parent and Purchaser are beneficially owned by funds affiliated with HGGC, LLC), to acquire all of the outstanding shares of the Companys common stock, par value $0.0001 per share, at a purchase price of
$10.50 per share, net to the seller thereof in cash, subject to reduction for any applicable withholding taxes in respect thereof, without interest (such offer, as it may be amended from time to time, the
Offer
). The Offer is
being made upon the terms and subject to the conditions set forth in the Offer to Purchase, dated May 21, 2018 (as it may be amended or supplemented from time to time, the
Offer to Purchase
), and the related Letter of
Transmittal (as it may be amended or supplemented from time to time, the
Letter of Transmittal
). Copies of the Offer to Purchase and the Letter of Transmittal were filed as Exhibits (a)(1)(A) and (a)(1)(B) to the Schedule
14D-9,
respectively, and are incorporated herein by reference.
The information set forth in the Schedule
14D-9
remains unchanged and is incorporated herein by reference, except that such information is hereby amended or supplemented to the extent specifically provided herein. Capitalized terms used but not defined
herein have the meanings ascribed to them in the Schedule
14D-9.
ITEM 8. ADDITIONAL INFORMATION.
Item 8 of the Schedule
14D-9
is hereby amended and supplemented by adding the following section after the last
paragraph:
Expiration of Offering Period
The Offer and withdrawal rights expired at one minute after 11:59 p.m. (New York City time) on June 18, 2018. The Offer was not extended.
Computershare Trust Company, N.A., in its capacity as the depositary for the Offer (the
Depositary
), has indicated that, as of the expiration of the Offer, a total of 34,330,652 Company Shares were validly tendered into and not
validly withdrawn from the Offer (excluding Company Shares with respect to which Notices of Guaranteed Delivery were delivered but for which Company Shares were not yet delivered), representing approximately 68 percent of the Company Shares issued
and outstanding as of the expiration of the Offer that were validly tendered and not validly withdrawn pursuant to the Offer. The number of Company Shares validly tendered and not validly withdrawn pursuant to the Offer (excluding Company Shares
tendered pursuant to guaranteed delivery procedures that have not yet been received (within the meaning of Section 251(h)(6) of the DGCL) by the Depositary in the Offer), when added to the 1,594,500 Company Shares already owned by
Parent, Purchaser or their respective affiliates, satisfies the Minimum Tender Condition. As the Minimum Tender Condition and each of the other conditions of the Offer has been satisfied (or validly waived), Purchaser has accepted for payment all
Company Shares that were validly tendered and not validly withdrawn pursuant to the Offer.
As a result of its acceptance of the shares of
Common Stock tendered in the Offer, Purchaser acquired sufficient shares of Common Stock so that, pursuant to Section 251(h) of the DGCL, the Merger can close without the affirmative vote of the stockholders of the Company. As soon as
practicable following the successful completion of the Offer, and in accordance with the DGCL, Purchaser will merge with and into the Company and the Company will continue as the surviving corporation in the Merger and a wholly owned subsidiary of
Parent. At the Effective Time, each Company Share not purchased pursuant to the Offer (other than Company Shares held by Parent, Purchaser or the Company (as treasury stock), any wholly owned subsidiary of Parent or the Company, or by any
stockholder of the Company who is entitled to and properly demands and perfects appraisal of such Company Shares pursuant to, and complies in all respects with, the applicable provisions of Delaware law) will be cancelled and converted into the
right to receive an amount equal to the Per Share Merger Consideration, (without interest and subject to any taxes required to be withheld under applicable law). As a result of the Merger, the Company will cease to be a publicly traded company and
the Company Shares will no longer be listed on the NASDAQ.
On June 19, 2018, the Company and HGGC issued a joint press release announcing the
expiration and results of the Offer and the expected consummation of the Merger. A copy of this joint press release is filed as Exhibit (a)(5)(J).
ITEM 9. EXHIBITS.
Item 9 of the Schedule
14D-9
is hereby amended and supplemented by adding the following exhibit:
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Exhibit No.
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Description
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(a)(5)(J)
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Joint Press Release issued by RPX Corporation and HGGC, LLC on June 19, 2018.
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SIGNATURE
After due inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete
and correct.
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RPX CORPORATION
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By:
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/s/ Martin Roberts
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Martin Roberts
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Chief Executive Officer
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Dated: June 19, 2018
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