SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 14D-9
Solicitation/Recommendation Statement under
Section 14(d)(4) of the Securities Exchange Act of 1934
(Amendment No. 12)
BAIRNCO CORPORATION
(Name of Subject Company)
BAIRNCO CORPORATION
(Name of Person(s) Filing Statement)
Common Stock, par value $0.01 per share
(including the associated Series A Junior Participating Preferred Stock Purchase Rights)
(Title of Class of Securities)
057097107
(CUSIP Number of Class of Securities)
Luke E. Fichthorn, III
Chairman & Chief Executive Officer
Bairnco Corporation
300 Primera Boulevard
Lake Mary, Florida 32746
(407) 875-2222
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications on Behalf of the Person(s) Filing Statement)
With Copies to:
Andrew L. Bab, Esq.
John H. Hall, Esq.
Debevoise & Plimpton LLP
919 Third Avenue
New York, NY 10022
(212) 909-6000
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Check the box if the filing relates solely to preliminary communications made before the
commencement of a tender offer. |
This Amendment No. 12 amends and supplements the Solicitation/Recommendation Statement on
Schedule14D-9 initially filed with the Securities and Exchange Commission (“SEC”) on July
6, 2006, as amended and supplemented by Amendment No.1 filed with the SEC on July 12, 2006,
Amendment No. 2 filed with the SEC on July 14, 2006, Amendment No. 3 filed with the SEC on July 28,
2006, Amendment No. 4 filed with the SEC on October 16, 2006 and Amendment No. 5 filed with the SEC
on October 20, 2006, and Amendment No. 6 filed with the SEC on January 3, 2007, Amendment No. 7
filed with the SEC on January 17, 2007, Amendment No. 8 filed with the SEC on January 19, 2007,
Amendment No. 9 filed with the SEC on January 24, 2007, Amendment No. 10 filed with the SEC on
January 26, 2007 and Amendment No. 11 filed with the SEC on February 1, 2007 (as amended and
supplemented, the “Statement”), by Bairnco Corporation, a Delaware corporation (the
“Company” or “Bairnco”) relating to the tender offer by BZ Acquisition Corp., a
Delaware corporation (the “Offeror”) and a wholly owned subsidiary of Steel Partners II,
L.P. (“Steel Partners”), to purchase all of the issued and outstanding common stock of the
Company for $12.00 per share, net to the seller in cash, without interest, upon the terms and
subject to the conditions described in the Tender Offer Statement on Schedule TO originally filed
by Steel Partners and the Offeror with the SEC on June 22, 2006.
Item 4. The Solicitation or Recommendation.
(b) Background of the Offer.
The Statement is hereby amended to include the following paragraphs at the end of Item 4(b):
“On February 2, 2007, Steel Partners issued a press release announcing its intention to
increase the Offer price from $12.00 per share to $13.35 per share in cash.
Later in the day on February 2, 2007, the Company issued a press release urging its
stockholders not to tender any shares to Steel Partners, pending the Board’s recommendation and not
to sign or return Steel Partners’ gold consent card until the Board has had ample time to
thoroughly review the Offer and make its recommendation. A copy of the press release is filed as
an exhibit hereto and incorporated by reference herein.”
Item 9. Exhibits
Item 9 of the Statement is hereby amended and supplemented by adding the following thereto:
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| Exhibit No. |
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Description |
a(21)
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Press release, dated February 2, 2007. |