sctoviza
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE TO
(Amendment No. 2)
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
WESCO INTERNATIONAL, INC.
(Name of Subject Company and Filing Persons (Issuer))
2.625% Convertible Senior Debentures due 2025
(Title of Class of Securities)
95082PAE5
(CUSIP Numbers of Class of Securities)
Richard P. Heyse
Vice President and Chief Financial Officer
WESCO International, Inc.
225 West Station Square Drive
Suite 700
Pittsburgh, Pennsylvania 15219
Telephone: (412) 454-2200
(Name, Address and Telephone Number of Person Authorized to Receive Notice and Communications on Behalf of Filing Person)
COPIES TO:
Kristen L. Stewart
Jeffrey W. Acre
K&L Gates LLP
K&L Gates Center
210 Sixth Avenue
Pittsburgh, Pennsylvania 15222
Telephone: (412) 355-6500
CALCULATION OF FILING FEE
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Transaction Valuation * |
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Amount of Filing Fee ** |
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$92,327,000
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$6,583 |
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* |
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Calculated solely for purposes of determining
the filing fee. The repurchase price of the
2.625% Convertible Senior Debentures due 2025,
as described herein, is $1,000 per $1,000
principal amount thereof, plus accrued and
unpaid interest to, but not including, the
repurchase date. As of September 15, 2010,
there was $92,327,000 in aggregate principal
amount of 2.625% Convertible Senior Debentures
due 2025 outstanding, resulting in an aggregate
maximum purchase price of $92,327,000. |
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The amount of the filing fee was calculated in
accordance with Rule 0-11(b) of the Securities
Exchange Act of 1934, as amended, and equals
$71.30 for each $1,000,000 of the value of the
transaction. |
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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. |
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Amount Previously Paid: $6,583
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Filing Party: WESCO International, Inc. |
Form or Registration No.: Schedule TO (001-14989)
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Date Filed: September 16, 2010 |
o 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:
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o third-party tender offer subject to Rule 14d-1.
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o going-private transaction subject to Rule 13e-3. |
þ issuer tender offer subject to Rule 13e-4.
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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: þ
INTRODUCTORY STATEMENT
This Amendment No. 2 (this Amendment) is the final amendment to the Tender Offer Statement
on Schedule TO (as amended, the Schedule TO) filed by WESCO International, Inc., a Delaware
corporation (the Company), with respect to the right of each holder (each a Holder) of the
Companys 2.625% Convertible Senior Debentures due 2025 (the Debentures) to require the Company
to repurchase all or a portion of its Debentures on October 15, 2010, as set forth in the Company
Notice to Holders of 2.625% Convertible Senior Debentures due 2025, dated September 16, 2010 (the
Company Notice), the Supplement to the Company Notice to Holders of 2.625% Convertible Senior
Debentures due 2025, dated September 20, 2010 (the Supplement), and the related notice materials
filed as exhibits to the Schedule TO (which Company Notice, Supplement and related notice materials
collectively constitute the Notice Documents).
This Amendment is being filed by the Company to amend and supplement certain provisions of the
Schedule TO to the extent set forth herein. Except as specifically provided herein, this Amendment
does not modify any of the information previously reported in the Schedule TO or the Notice
Documents.
In accordance with the terms and conditions of the option of each Holder (the Option) to
require the Company to repurchase all or a portion of its Debentures on October 15, 2010, as set
forth in the Notice Documents, Holders were required to surrender their Debentures between 9:00
a.m., New York City Time, on September 16, 2010 and 12:00 midnight, New York City time, on October
14, 2010 in order to exercise the Option. The Company has been advised by The Bank of New York
Mellon, as paying agent (the Paying Agent), that Debentures in an aggregate principal amount of
$3,000 were validly surrendered for repurchase and not withdrawn pursuant to the Option.
Accordingly, the aggregate purchase price for all of the Debentures validly surrendered for
repurchase pursuant to the Option was $3,000. The Company forwarded cash in payment
of the aggregate repurchase price to the Paying Agent for distribution to the Holders. Following
the repurchase of such Debentures pursuant to the Option, an
aggregate principal amount of $92,324,000 of Debentures remains outstanding.
Item 12. Exhibits.
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Exhibit |
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Number |
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Description |
(a)(1)(A)
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Company Notice to Holders of 2.625% Convertible Senior
Debentures due 2025, dated September 16, 2010 (incorporated
by reference to Exhibit (a)(1) to the Companys Schedule TO
filed on September 16, 2010). |
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(a)(1)(B)
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Supplement to Company Notice to Holders of 2.625%
Convertible Senior Debentures due 2025, dated September 20,
2010 (incorporated by reference to Exhibit (a)(1)(B) to
Amendment No. 1 to the Companys Schedule TO filed on
September 20, 2010). |
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(a)(5)(A)
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Press release issued on September 16, 2010 (incorporated by
reference to Exhibit (a)(5) to the Companys Schedule TO
filed on September 16, 2010). |
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(a)(5)(B)
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Press release issued on October 15, 2010. |
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(b)
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Not applicable. |
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(d)(1)
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Indenture, dated as of September 27, 2005, among the
Company, WESCO Distribution and the Trustee (incorporated
by reference to Exhibit 4.1 to the Companys Current Report
on Form 8-K filed on September 27, 2005). |
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(g)
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Not applicable. |
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(h)
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Not applicable. |
SIGNATURE
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.
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Date: October 15, 2010 |
WESCO International, Inc.
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By: |
/s/ Richard P. Heyse
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Name: |
Richard P. Heyse |
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Title: |
Vice President and
Chief Financial Officer |
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EXHIBIT INDEX
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Exhibit |
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Number |
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Description |
(a)(1)(A)
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Company Notice to Holders of 2.625% Convertible Senior
Debentures due 2025, dated September 16, 2010 (incorporated
by reference to Exhibit (a)(1) to the Companys Schedule TO
filed on September 16, 2010). |
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(a)(1)(B)
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Supplement to Company Notice to Holders of 2.625%
Convertible Senior Debentures due 2025, dated September 20,
2010 (incorporated by reference to Exhibit (a)(1)(B) to
Amendment No. 1 to the Companys Schedule TO filed on
September 20, 2010). |
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(a)(5)(A)
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Press release issued on September 16, 2010 (incorporated by
reference to Exhibit (a)(5) to the Companys Schedule TO
filed on September 16, 2010). |
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(a)(5)(B)
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Press release issued on October 15, 2010. |
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(b)
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Not applicable. |
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(d)(1)
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Indenture, dated as of September 27, 2005, among the
Company, WESCO Distribution and the Trustee (incorporated
by reference to Exhibit 4.1 to the Companys Current Report
on Form 8-K filed on September 27, 2005). |
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(g)
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Not applicable. |
exv99waw5wb
Exhibit (a)(5)(B)
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NEWS RELEASE |
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WESCO International, Inc. / Suite 700, 225 West Station Square Drive / Pittsburgh, PA 15219 |
WESCO International, Inc. Announces Expiration and Results of
Put Option for 2.625% Convertible Senior Debentures due 2025
PITTSBURGH, October 15, 2010/PRNewswire/ WESCO International, Inc. (NYSE: WCC), today
announced the expiration and results of the option of holders of its 2.625% Convertible Senior
Debentures due 2025 (the Debentures) to require WESCO to repurchase today all or a portion of
their Debentures at par plus any accrued and unpaid interest (the Option). The Option terminated
at 12:00 midnight, New York City time, on October 14, 2010.
Debentures
in an aggregate principal amount of $3,000 were validly surrendered and
repurchased pursuant to the Option. Any Debentures not repurchased pursuant to the Option remain
outstanding and continue to be subject to the terms and conditions of the Debentures and the
indenture governing the Debentures. Following the repurchase of Debentures pursuant to the Option,
an aggregate principal amount of $92,324,000 of Debentures remains outstanding.
This press release is for informational purposes only and is not an offer to purchase, or the
solicitation of an offer to purchase, the Debentures.
# # #
WESCO International, Inc. (NYSE: WCC) is a publicly traded Fortune 500 holding company,
headquartered in Pittsburgh, Pennsylvania, whose primary operating entity is WESCO Distribution,
Inc. WESCO Distribution is a leading distributor of electrical construction products and
electrical and industrial maintenance, repair and operating (MRO) supplies, and is the nations
largest provider of integrated supply services. 2009 annual sales were approximately $4.6 billion.
The Company employs approximately 6,100 people, maintains relationships with over 17,000
suppliers, and serves over 100,000 customers worldwide. Major markets include commercial and
industrial firms, contractors, government agencies, educational institutions, telecommunications
businesses and utilities. WESCO operates seven fully automated distribution centers and
approximately 380 full-service branches in North America and select international markets,
providing a local presence for area customers and a global network to serve multi-location
businesses and multi-national corporations.
# # #
The matters discussed herein may contain forward-looking statements that are subject to certain
risks and uncertainties that could cause actual results to differ materially from expectations.
Certain of these risks are set forth in the Companys Annual Report on Form 10-K for the fiscal
year ended December 31, 2009, as well as the Companys other reports filed with the Securities and
Exchange Commission.
Contact: Richard Heyse, Vice President & Chief Financial Officer
WESCO International, Inc. (412) 454-2392, Fax: (412) 222-7566
http://www.wesco.com