AMBANC HOLDING CO INC
SC TO-T/A, 2000-08-30
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   SCHEDULE TO
                                 (Rule 14d-100)

            TENDER OFFER STATEMENT UNDER SECTION 14(D)(1) OR 13(E)(1)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
                                (AMENDMENT NO. 4)

                              COHOES BANCORP, INC.
                     --------------------------------------
                            (Name of Subject Company)

                            AMBANC HOLDING CO., INC.
                     --------------------------------------
                       (Name of Filing Persons -- Offeror)

                     COMMON STOCK, PAR VALUE $.01 PER SHARE
                     --------------------------------------
                         (Title of Class of Securities)

                                  192 513 109
                     --------------------------------------
                      (CUSIP Number of Class of Securities)

                                 John M. Lisicki
                      President and Chief Executive Officer
                               11 Division Street
                            Amsterdam, New York 12010
                                 (518) 842-7200
                 -----------------------------------------------
                  (Name, Address and Telephone Number of Person
      Authorized to Receive Notices and Communications on Behalf of Bidder)

                                   Copies to:
                               John J. Spidi, Esq.
                            Malizia Spidi & Fisch, PC
                       1301 K Street, N.W. Suite 700 East
                             Washington, D.C. 20005
                                (202) 434 - 4660


[ ]  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:

[X] third-party tender offer subject to Rule 14d-1.
[ ]  issuer tender offer subject to Rule 13e-4.
[ ]  going-private transaction subject to Rule 13e-3.
[ ]  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: [ ].


<PAGE>


                                   SCHEDULE TO

     This Amendment No. 4 amends and  supplements  the Tender Offer Statement on
Schedule TO, dated August 9, 2000 (the  "Schedule  TO")  relating to an offer by
Ambanc Holding Co., Inc., a Delaware Corporation, ("Ambanc"), to purchase all of
the outstanding shares of common stock, par value $0.01 per share (the "Shares")
of Cohoes Bancorp, Inc. for $16.50 per Share, net to the seller in cash, without
interest thereon,  upon the terms and subject to the conditions set forth in the
Offer to  Purchase,  dated  August  9, 2000 (the  "Offer to  Purchase")  and the
related  Letter of  Transmittal  (which,  together  with the Offer to  Purchase,
constitutes  the  "Offer"),  copies of which were attached to the Schedule TO as
Exhibits (a)(1) and (a)(2), respectively.

     All of the  information  in the Offer to Purchase and the related Letter of
Transmittal is hereby  incorporated by reference in answer to Items 1 through 11
of the Schedule TO.


ITEM 11.  ADDITIONAL INFORMATION.

     Item 11 of the Schedule TO is hereby amended and supplemented as follows:


Tax Impact on Premium Being Offered to Cohoes Stockholders

     Ambanc is unable to specifically  quantify the tax consequences of Ambanc's
Offer to  individual  shareholders  of Cohoes as it is  impossible  to know each
shareholder's tax situation (e.g.  aggregate tax basis, long term vs. short term
capital gain, holding periods, tax rates, etc.). Therefore,  Ambanc is unable to
calculate the resulting  effect on the premium being offered  beyond saying that
it will be fully taxable for each  shareholder.  For information on the specific
tax consequences of Ambanc's Offer, shareholders should consult their individual
tax advisors.



                                       -2-
<PAGE>

                                   SIGNATURES

     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.

Dated: August 30, 2000


                                   AMBANC HOLDING CO., INC.


                               By:  /s/John M. Lisicki
                                    --------------------------------------------
                                    John M. Lisicki
                                    President and Chief Executive Officer










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