<PAGE> 1
================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
----------
SCHEDULE 14D-1
(Amendment No. 2)
Tender Offer Statement Pursuant to Section
14(d)(1) of the Securities Exchange Act of 1934
WIZTEC SOLUTIONS LTD.
(Name of Subject Company)
CONVERGYS ISRAEL INVESTMENTS LTD.
CONVERGYS CORPORATION
(Bidders)
Ordinary Shares, New Israeli Shekel 1 Par Value
M98105-105
(CUSIP Number of Class of Securities)
William D. Baskett III
Convergys Corporation
General Counsel and Secretary
201 East Fourth Street
Cincinnati, Ohio 45202
(513) 723-2444
(Name, address and telephone number of person authorized to receive notice
and communications on behalf of Bidder)
COPY TO:
Neil Ganulin
Frost & Jacobs LLP
2500 PNC Center
Cincinnati, Ohio 45202
(513) 651-6800
CALCULATION OF FILING FEE
================================================================================
Transaction Valuation* Amount of Filing Fee
- --------------------------------------------------------------------------------
$55,762,534(1)................................................ $11,152.51(2)
================================================================================
1. For purposes of calculating the filing fee only. Pursuant to, and as
provided by, Rule 0-11(d), this amount is calculated by multiplying
$18.30, the per share cash tender offer price, by 3,047,133 Ordinary
Shares, New Israeli Shekel 1 par value, which represents all Ordinary
Shares outstanding as of March 2, 1999 not owned directly or indirectly
by the persons filing this statement and assumes the exercise of all
warrants and options to purchase Ordinary Shares which were outstanding
as of March 2, 1999.
2. The amount of the filing fee, calculated in accordance with Rule
0-11(d) of the Securities Exchange Act of 1934, as amended, equals
1/50th of one percent of the aggregate cash value for such number of
shares.
================================================================================
<PAGE> 2
[X] Check 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.
Amount Previously Paid: $11,152.51
Form or Registration No.: Schedule 14D-1
Filing Party: Convergys Corporation, Convergys Israel Investments Ltd. and
Convergys Information Management Group Inc.
Date Filed: April 1, 1999
<PAGE> 3
SCHEDULE 14D-1
CUSIP No. M98105-105
- --------------------------------------------------------------------------------
1. Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of
Above Persons
Convergys Corporation
I.R.S. ID No. 31-1598292
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(A) [X]
(B) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
BK
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Item 2(e) or 2(f) [ ]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Ohio
- --------------------------------------------------------------------------------
7. Aggregate Amount Beneficially Owned By Each Reporting Person
4,829,939
- --------------------------------------------------------------------------------
8. Check Box if the Aggregate Amount in Row (7) Excludes Certain Shares
[___]
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row (7)
68.2%
- --------------------------------------------------------------------------------
10. Type of Reporting Person
HC
- --------------------------------------------------------------------------------
<PAGE> 4
SCHEDULE 14D-1
CUSIP No. M98105-105
- --------------------------------------------------------------------------------
1. Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Convergys Israel Investments Ltd.
I.R.S. ID No. Not applicable
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(A) [X]
(B) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
AF
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Item
2(e) or 2(f) [ ]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
State of Israel
- --------------------------------------------------------------------------------
7. Aggregate Amount Beneficially Owned By Each Reporting Person
4,829,939
- --------------------------------------------------------------------------------
8. Check Box if the Aggregate Amount in Row (7) Excludes Certain Shares
[___]
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row (7)
68.2%
- --------------------------------------------------------------------------------
10. Type of Reporting Person
CO
- --------------------------------------------------------------------------------
<PAGE> 5
SCHEDULE 14D-1
CUSIP No. M98105-105
- --------------------------------------------------------------------------------
1. Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Convergys Information Management Group Inc.
I.R.S. ID No. 31-1069790
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(A) [X]
(B) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
Not applicable, because not purchasing Shares
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Item
2(e) or 2(f) [ ]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Ohio
- --------------------------------------------------------------------------------
7. Aggregate Amount Beneficially Owned By Each Reporting Person
0
- --------------------------------------------------------------------------------
8. Check Box if the Aggregate Amount in Row (7) Excludes Certain Shares
[___]
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row (7)
0.0%
- --------------------------------------------------------------------------------
10. Type of Reporting Person
CO
- --------------------------------------------------------------------------------
<PAGE> 6
INTRODUCTION
Convergys Corporation, an Ohio corporation ("Parent"), Convergys Israel
Investments Ltd., a company limited by shares duly registered under the laws of
the State of Israel and a wholly owned subsidiary of Parent ("Sub"), and
Convergys Information Management Group Inc., an Ohio corporation and a wholly
owned subsidiary of Parent ("Convergys IMG"), hereby amend and supplement their
Tender Offer Statement on Schedule 14D-1 originally filed on April 1, 1999, as
amended, with respect to the offer to purchase all of the outstanding Ordinary
Shares, New Israeli Shekel 1 Par Value (the "Shares"), of Wiztec Solutions Ltd.,
a company limited by shares duly registered under the laws of the State of
Israel (the "Company"), not already owned by Parent and Convergys IMG.
ITEM 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY.
Item 6 of the Schedule 14D-1 is amended and supplemented by adding the
following:
At 12:00 midnight, Eastern Daylight Time, on April 28, 1999, the Offer
expired. Based on preliminary information provided by the Depositary,
approximately 4,829,939 Shares (or approximately 68.2% of the Shares
outstanding), were validly tendered and not withdrawn pursuant to the Offer,
including Shares tendered pursuant to notices of guaranteed delivery, and
including 4,750,200 Shares tendered by Convergys Information Management Group
Inc., an affiliate of Sub and 79,739 Shares tendered by shareholders not
affiliated with Sub. Sub has accepted for payment all such Shares at the
purchase price of $18.30 per Share, net to the Seller in cash.
ITEM 11. INFORMATION TO BE FILED AS EXHIBITS.
Item 11 of the Schedule 14D-1 is amended and supplemented by adding the
following:
(a)(11) Press Release, dated April 29, 1999.
<PAGE> 7
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.
Date: April 30, 1999 Convergys Israel Investments Ltd.
By: William D. Baskett III
---------------------------------
William D. Baskett III
Vice President
Convergys Corporation
By: William D. Baskett III
---------------------------------
William D. Baskett III
General Counsel and Secretary
Convergys Information Management Group Inc.
By: Roy T. Heggland
---------------------------------
Roy T. Heggland
Senior Vice President and General Counsel
<PAGE> 1
Exhibit (a)(11)
IMMEDIATE JOHN PRATT, CONVERGYS PUBLIC RELATIONS
513-723-3333 OR 888-284-9900
[email protected]
CHRIS PERRY, EDELMAN WORLDWIDE
312-240-2688 or [email protected]
CONVERGYS CORPORATION CONCLUDES
TENDER OFFER FOR WIZTEC SOLUTIONS LTD.
(CINCINNATI; APRIL 29, 1999) -- Convergys Corporation (NYSE: CVG) announced
today it has completed its tender offer to purchase shares of Wiztec Solutions
Ltd., (NASDAQ: WIZTF), common stock for $18.30 Per share net to seller in cash.
The tender offer expired at midnight, Eastern Daylight Time, on Wednesday,
April 28, 1999.
Based on its preliminary tabulation, the depositary for the offer informed
Convergys that 4,829,939 shares of Wiztec stock were tendered properly and not
withdrawn pursuant to the offer, including 79,739 shares tendered by
shareholders not affiliated with Convergys. Convergys accepted for payment all
shares properly tendered prior to the expiration of the offer.
Payment for shares accepted for payment pursuant to the offer will be made
promptly. The tender offer was made through Convergys' wholly-owned subsidiary,
Convergys Israel Investments Ltd.
The Information Agent was Georgeson & Company, Inc., and the Depository Bank was
IBJ Whitehall Bank & Trust Company.
ABOUT CONVERGYS
Convergys Corporation(SM) is the global leader in providing outsourced,
integrated, customer care and billing services, bringing together world-class
resources and expertise to help clients transform customer relationships into a
competitive advantage.
Convergys software produces more than one million bills each day, and Convergys
call centers handle more than one million calls each day.
Convergys serves the top companies in a wide range of industries, including
communications, technology, cable and broadband services, consumer products,
financial services, utilities, healthcare, hospitality, and direct response.
Headquartered in Cincinnati, Ohio, Convergys employs over 33,000 people in its
38 call centers, and in its data centers and other offices in the United States,
Canada, and Europe. Convergys is on the web at www.convergys.com
Convergys is pronounced: kun VER jis Convergys and the Convergys logo are
service marks of Convergys Corporation.
##
