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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 5)
TRANSMONTAIGNE INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
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(Title of Class of Securities)
893934109
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(CUSIP Number)
HERBERT THORNHILL
MORGAN STANLEY
2000 WESTCHESTER AVENUE, ONE SOUTH C
PURCHASE, NY 10577
(914) 225-5542
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
JUNE 18, 2006
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(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box. |_|
Note: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See ss.240.13d-7
for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
Cusip No. 893934109
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
MORGAN STANLEY
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) |_|
(b) |X|
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3. SEC Use Only
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4. Source of Funds (See Instructions)
BK, OO
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items
2(d) or 2(e) |X|
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6. Citizenship or Place of Organization
DELAWARE
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7. Sole Voting Power
-0-
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8. Shared Voting Power
NUMBER OF
SHARES 5,542,775
BENEFICIALLLY
OWNED BY ----------------------------------------------------------------
EACH 9. Sole Dispositive Power
REPORTING
PERSON WITH -0-
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10. Shared Dispositive Power
5,544,775
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
5,544,775 (SEE ITEMS 4 AND 5)
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) |_|
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13. Percent of Class Represented by Amount in Row (11)
10.07% (SEE ITEM 5)
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14. Type of Reporting Person (See Instructions)
HC, CO
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Cusip No. 893934109
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
MORGAN STANLEY CAPITAL GROUP INC.
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) |_|
(b) |X|
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3. SEC Use Only
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4. Source of Funds (See Instructions)
BK, OO
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items
2(d) or 2(e) |X|
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6. Citizenship or Place of Organization
DELAWARE
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7. Sole Voting Power
-0-
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8. Shared Voting Power
NUMBER OF
SHARES 5,500,000
BENEFICIALLY
OWNED BY ----------------------------------------------------------------
EACH
REPORTING 9. Sole Dispositive Power
PERSON WITH
-0-
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10. Shared Dispositive Power
5,500,000
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
5,500,000 (SEE ITEMS 4 AND 5)
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) |_|
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13. Percent of Class Represented by Amount in Row (11)
9.99% (SEE ITEM 5)
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14. Type of Reporting Person (See Instructions)
CO
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Cusip No. 893934109
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
MORGAN STANLEY & CO. INCORPORATED
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) |_|
(b) |X|
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3. SEC Use Only
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4. Source of Funds (See Instructions)
BK, OO
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items
2(d) or 2(e) |X|
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6. Citizenship or Place of Organization
DELAWARE
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7. Sole Voting Power
-0-
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8. Shared Voting Power
NUMBER OF
SHARES 400
BENEFICIALLY
OWNED BY ----------------------------------------------------------------
EACH
REPORTING 9. Sole Dispositive Power
PERSON
WITH -0-
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10. Shared Dispositive Power
400
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
400 (SEE ITEM 5)
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) |_|
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13. Percent of Class Represented by Amount in Row (11)
0.00% (SEE ITEM 5)
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14. Type of Reporting Person (See Instructions)
CO
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Cusip No. 893934109
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
MORGAN STANLEY DW INC.
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) |_|
(b) |X|
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3. SEC Use Only
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4. Source of Funds (See Instructions)
BK, OO
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items
2(d) or 2(e) |X|
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6. Citizenship or Place of Organization
DELAWARE
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7. Sole Voting Power
-0-
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8. Shared Voting Power
NUMBER OF
SHARES 42,375
BENEFICIALLY
OWNED BY ----------------------------------------------------------------
EACH
REPORTING 9. Sole Dispositive Power
PERSON WITH
-0-
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10. Shared Dispositive Power
44,375
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
44,375 (SEE ITEM 5)
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) |_|
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13. Percent of Class Represented by Amount in Row (11)
0.09% (SEE ITEM 5)
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14. Type of Reporting Person (See Instructions)
CO
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ITEM 1. SECURITY AND ISSUER
This Amendment No. 4 to Schedule 13D relates to the Common Stock, par value
$0.01 per share (the "Common Stock"), of TransMontaigne Inc., a Delaware
corporation (the "Company"). The principal executive offices of the Company are
located at 1670 Broadway, Suite 3100, Denver, Colorado 80202. Morgan Stanley
("MS"), Morgan Stanley Capital Group Inc. ("MSCGI"), Morgan Stanley & Co.
Incorporated ("MS&Co."), and Morgan Stanley DW Inc. ("MSDW", and, together with
MS, MSCGI, and MS&Co., the "Reporting Persons") hereby amend the Schedule 13D
originally filed on January 10, 2005 and amended on March 22, 2006, April 26,
2006, May 8, 2006, and May 17, 2006.
ITEM 4. PURPOSE OF TRANSACTION
Item 4 is hereby amended by adding the following:
On June 18, 2006, MSCGI sent the following letter to the Company's board of
directors:
[MSCGI Letterhead]
June 18, 2006
Mr. Donald H. Anderson
Vice Chairman, President, and CEO
TransMontaigne Inc.
1670 Broadway, Ste. 3100
Denver, CO 80202
U.S.A.
Dear Don:
We are pleased to offer $11.35 cash per share for the acquisition of all
of the outstanding shares of TransMontaigne Inc. ("TransMontaigne"),
pursuant to the attached executed merger agreement. We believe that this
offer will deliver better value with greater speed and certainty than
your current proposed transaction, and that it is a superior proposal as
contemplated by the amended and restated merger agreement (the "SemGroup
Agreement") by and among SemGroup, L.P., SemGroup Subsidiary Holding,
L.L.C. ("SemGroup"), TMG Acquisition Company and TransMontaigne.
In particular, we note that SemGroup has received a second request from
the Federal Trade Commission. We do not expect to have any such delay. As
you observed in your preliminary proxy statement, "a merger agreement
with Morgan Stanley would not likely result in the receipt of a second
request for additional information from the FTC." Thus, we think it is
clear to all parties that our proposal has far greater certainty of
success.
This letter constitutes a binding, irrevocable offer to enter into the
attached merger agreement, which we have signed. If by 8:00 p.m. Denver
time on Monday, June 19, 2006 (the "Initial Expiration Time"), the Board
of Directors of TransMontaigne has delivered to SemGroup the notice
contemplated by Section 6.04(d)(i) of the SemGroup Agreement, then this
offer will expire at 7:00 a.m. Denver time on Friday, June 23, 2006
unless previously accepted by TransMontaigne by execution and delivery to
us of the attached merger agreement, together with the schedules and
attachments thereto. If the Board of Directors has not delivered such
notice by the Initial Expiration Time, this offer will terminate at the
Initial Expiration Time.
This offer and our other agreements set forth in this letter shall be
governed by and construed in accordance with the laws of the State of
Delaware without regard to the conflicts of laws principles thereof.
Sincerely yours,
/s/ John Shapiro
John Shapiro
President
Morgan Stanley Capital Group Inc.
The letter was accompanied by an agreement and plan of merger executed by MSCGI.
This agreement is attached hereto as Exhibit 2.
* * * *
The Reporting Persons may at any time, or from time to time, acquire
additional shares of Common Stock or dispose of their shares of Common Stock,
propose, pursue, or choose not to pursue the transaction described in the above
letter; change the terms of the transaction described in the above letter,
including the price, conditions, or scope of the transaction; take any action in
or out of the ordinary course of business to facilitate or increase the
likelihood of consummation of the transaction described in the above letter;
otherwise seek control or seek to influence the management and policies of the
Company; or change their intentions with respect to any such matters. In
connection with the proposed transaction, the Reporting Persons are considering
other transactions with respect to the Company and its assets, including without
limitation financing transactions, partnerships with third parties, or sales of
assets to the Company's affiliated master limited partnership or third parties.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit 1 Joint Filing Agreement dated June 18, 2006 between MS, MSCGI, MS&Co,
and MSDW.
Exhibit 2 Plan and Agreement of Merger, dated as of June 23, 2006,
between MSCGI, Buffalo Merger Sub Inc., and the Company, executed by
MSCGI and Buffalo Merger Sub Inc.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Dated: June 18, 2006
MORGAN STANLEY
/s/ Dennine Bullard
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Name: Dennine Bullard
Title: Authorized Signatory
MORGAN STANLEY CAPITAL GROUP INC.
/s/ Robert P. Kinney
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Name: Robert P. Kinney
Title: Vice President
MORGAN STANLEY & CO. INCORPORATED
/s/ Dennine Bullard
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Name: Dennine Bullard
Title: Authorized Signatory
MORGAN STANLEY DW INC.
/s/ Kirk Wickman
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Name: Kirk Wickman
Title: Managing Director, General
Counsel and Secretary
EXHIBIT 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as
amended, each of the persons named below agrees to the joint filing of a
Statement on Schedule 13D (including amendments thereto) with respect to the
common stock, $0.01 par value per share, of TransMontaigne, Inc., a Delaware
corporation, and further agrees that this joint filing agreement be included as
an exhibit to such filings provided that, as contemplated by Section
13d-1(k)(1)(ii), no person shall be responsible for the completeness or accuracy
of the information concerning the other persons making the filing, unless such
person knows or has reason to believe that such information is inaccurate.
Dated as of June 18, 2006.
MORGAN STANLEY
/s/ Dennine Bullard
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Name: Dennine Bullard
Title: Authorized Signatory
MORGAN STANLEY CAPITAL GROUP INC.
/s/ Robert P. Kinney
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Name: Robert P. Kinney
Title: Vice President
MORGAN STANLEY & CO. INCORPORATED
/s/ Dennine Bullard
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Name: Dennine Bullard
Title: Authorized Signatory
MORGAN STANLEY DW INC.
/s/ Kirk Wickman
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Name: Kirk Wickman
Title: Managing Director, General
Counsel and Secretary