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Filed pursuant to Rule 424(b)(3)
File No. 333-4877
AMF GROUP INC
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Supplement No. 11 to Prospectus dated August 12, 1996, as supplemented by
Supplement No. 1 dated September 9, 1996,
Supplement No. 2 dated September 9, 1996,
Supplement No. 3 dated September 10, 1996,
Supplement No. 4 dated September 11, 1996,
Supplement No. 5 dated September 27, 1996,
Supplement No. 6 dated October 10, 1996,
Supplement No. 7 dated October 24, 1996,
Supplement No. 8 dated November 14, 1996,
Supplement No. 9 dated December 20, 1996 and
Supplement No. 10 dated January 16, 1997
The date of this Supplement No. 11 is January 20, 1997
On January 17, 1997, AMF Group Inc. issued the attached press release.
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Press Release [AMF logo]
8100 AMF Drive Contact: Stephen E. Hare
Ricmond, VA 23111 Chief Financial Officer
(804) 730-4401
For Immediate Release
January 17, 1997
AMF BOWLING WORLDWIDE TO ACQUIRE AMERICAN RECREATION CENTERS
Richmond, Virginia and Rancho Cordova, California, January 17, 1997 -- AMF
Bowling Worldwide and American Recreation Centers, Inc. (Nasdaq: AMRC) announced
today that AMF Bowling Centers, Inc. and AMRC have entered into a merger
pursuant to which AMF will acquire AMRC for $8.50 per share in cash. The
purchase price, after reflecting the assumption of AMRC's outstanding debt and
the purchase of certain joint venture interests, represents a transaction with a
total value of approximately $70 million. The boards of directors of both
companies unanimously approved the merger. The transaction is subject to a
number of conditions, including governmental and shareholder approval, and is
expected to close during the second quarter of 1997.
American Recreation Centers operates 43 bowling centers located in six states
including California, Texas, Oklahoma, Wisconsin, Kentucky and Missouri. For the
year ended May 29, 1996, American Recreation Centers reported revenue of $46.1
million and net income of $3.2 million.
AMF Bowling Worldwide was formed in May 1996 as a result of the acquisition of
AMF's Bowling Products and Bowling Centers operations by an investor group led
by an affiliate of Goldman, Sachs & Co. AMF currently owns and operates 342
bowling centers in eleven countries.
Douglas J. Stanard, President of AMF Bowling Worldwide, said, "American
Recreation Centers is another major step in our strategy to grow AMF's Bowling
Centers business through our ongoing acquisition program."
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Robert A. Crist, President of American Recreation Centers, Inc., said, "I have
enjoyed my tenure at AMRC and will miss it, Our Board's goal has always been to
maximize shareholder value and we believe this transaction achieves such goal.
We believe this transaction is in the best interests of AMRC's shareholders."
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AMF Bowling Worldwide, headquartered in Richmond, Virginia, is the largest owner
and operator of bowling centers in the world and one of the world's leading
manufacturers and marketers of bowling products.
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