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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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
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Transaction Valuation* Amount of Filing Fee
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$73,589,850(1)................................................ $14,717.97(2)
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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
$25.00, the per share cash tender offer price, by 2,943,594 Ordinary
Shares, New Israeli Shekel 1 par value, which represents all Ordinary
Shares outstanding as of June 29, 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 June 29, 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.
[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.
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Amount Previously Paid: $14,717.97
Form or Registration No.: Schedule 14D-1
Filing Party: Convergys Corporation and
Convergys Israel Investments Ltd.
Date Filed: July 2, 1999
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SCHEDULE 14D-1
<TABLE>
<CAPTION>
CUSIP No. M98105-105
<S> <C>
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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
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2. Check the Appropriate Box if a Member of a Group
(A) [X]
(B) [ ]
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3. SEC Use Only
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4. Source of Funds
BK
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(e) or 2(f) [ ]
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6. Citizenship or Place of Organization
Ohio
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7. Aggregate Amount Beneficially Owned By Each Reporting Person
5,020,721
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8. Check Box if the Aggregate Amount in Row (7) Excludes Certain Shares [___]
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9. Percent of Class Represented by Amount in Row (7)
68.7%
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10. Type of Reporting Person
HC
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</TABLE>
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SCHEDULE 14D-1
<TABLE>
<CAPTION>
CUSIP No. M98105-105
<S> <C>
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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
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2. Check the Appropriate Box if a Member of a Group
(A) [X]
(B) [ ]
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3. SEC Use Only
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4. Source of Funds
AF
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(e) or 2(f) [ ]
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6. Citizenship or Place of Organization
State of Israel
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7. Aggregate Amount Beneficially Owned By Each Reporting Person
5,020,721
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8. Check Box if the Aggregate Amount in Row (7) Excludes Certain Shares [___]
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9. Percent of Class Represented by Amount in Row (7)
68.7%
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10. Type of Reporting Person
CO
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</TABLE>
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INTRODUCTION
Convergys Corporation, an Ohio corporation ("Parent"), and 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"),
hereby amend and supplement their Tender Offer Statement on Schedule 14D-1
originally filed on July 2, 1999, as amended (the "Schedule 14D-1"), 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 Sub.
ITEM 8. PERSONS RETAINED, EMPLOYED OR TO BE COMPENSATED
Item 8 of the Schedule 14D-1 is amended and supplemented by adding the
following:
Sub and Parent have retained E. Shalev Ltd. to serve as information agent
in Israel in connection with the Offer. E. Shalev may contact holders of Shares
in Israel by personal interview, mail, telephone, telex, telegraph and other
methods of electronic communication and may request brokers, dealers, banks,
trust companies and other nominees to forward the Offer materials to beneficial
holders. E. Shalev will receive reasonable and customary compensation for its
services, be reimbursed for certain reasonable out-of-pocket expenses and be
indemnified against certain liabilities and expenses in connection with its
services, including certain liabilities under the Federal securities laws. It is
estimated that the expenses paid to E. Shalev in connection with the Offer will
be approximately $15,000.
ITEM 11. INFORMATION TO BE FILED AS EXHIBITS.
Item 11 of the Schedule 14D-1 is amended and supplemented by adding the
following:
(a)(9) Advertisement published in Israeli newspapers, commencing July
15, 1999 and continuing through July 30, 1999.
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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: July 19, 1999 Convergys Israel Investments Ltd.
By /s/ William D. Baskett III
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William D. Baskett III
Vice President
Convergys Corporation
By /s/ William D. Baskett III
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William D. Baskett III
General Counsel and Secretary
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Exhibit (a)(9)
[Translated from Hebrew]
Announcement to the Shareholders of
Wiztec Solutions Ltd. ("Wiztec")
On 7.2.99, Convergys Israel Investments Ltd. ("Offeror"),
a wholly owned subsidiary of
Convergys Corporation
commenced a
Tender Offer
according to which it offered to purchase all the Ordinary Shares
(of par value NIS 1 each) of Wiztec in consideration of
US$25 per share
The tender offer will conclude on 7.30.99. The offeror does not intend to extend
the offer unless required to do so by law.
A shareholder interested in obtaining a copy of the offer to purchase or in
receiving information with regard to the means of participating in the tender
offer should contact:
Sharon Antokolitz
E. Shalev Ltd.
03.526.2665
This announcement is for information only and is not an offer to purchase.
A copy of the offer to purchase may be obtained as aforesaid and at the
expense of the Offeror.
