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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 14D-1/A
Tender Offer Statement
Pursuant to Section 14(d)(1)
of the Securities Exchange Act of 1934
(Amendment No. 7)
and
SCHEDULE 13D/A
Pursuant to Section 13(d)
of the Securities Exchange Act of 1934
(Amendment No. 7)
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International Comfort Products Corporation
(Name of Subject Company)
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Titan Acquisitions, Ltd.
United Technologies Corporation
(Bidders)
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Ordinary Stock, No Par Value Per Share
(Title of Class of Securities)
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458978-10-3
(CUSIP Number of Class of Securities)
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William H. Trachsel, Esq.
Senior Vice President, General Counsel and Secretary
United Technologies Corporation
One Financial Plaza
Hartford, CT 06101
Tel. Number (860) 728-7000
(Name, Address and Telephone Number of Persons Authorized to
Receive Notices and Communications on Behalf of Bidders)
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With a copy to:
Christopher E. Austin, Esq.
Cleary, Gottlieb, Steen & Hamilton
One Liberty Plaza
New York, New York 10006
(212) 225-2000
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SCHEDULE 14D-1
CUSIP No. 458978-10-3 Page 2 of 6 Pages
1.
Name of Reporting Persons:
S.S. or I.R.S. Identification Nos. of Above Person
Titan Acquisitions Ltd.
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2.
Check the Appropriate Box if a Member of a Group (a) [_]
(See Instructions) (b) [_]
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3.
SEC Use Only
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4.
Sources of Funds (see Instructions)
AF
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5.
Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(e) or 2(f) [_]
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6.
Citizenship or Place of Organization
Province of New Brunswick, Canada
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7.
Aggregate Amount Beneficially Owned by Each Reporting
Person
40,099,227
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8.
Check Box if the Aggregate Amount in Row (7) Excludes
Certain Shares [_]
(See Instructions)
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9.
Percent of Class Represented by Amount in Row (7)
98.3%
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10.
Type of Reporting Person (See Instructions)
CO
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SCHEDULE 14D-1
CUSIP No. 458978-10-3 Page 3 of 6 Pages
1.
Name of Reporting Persons:
S.S. or I.R.S. Identification Nos. of Above Person
United Technologies Corporation
060570975
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2.
Check the Appropriate Box if a Member of a Group (a) [_]
(See Instructions) (b) [_]
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3.
SEC Use Only
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4.
Sources of Funds (see Instructions)
WC & OO
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5.
Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(e) or 2(f) [_]
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6.
Citizenship or Place of Organization
Delaware
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7.
Aggregate Amount Beneficially Owned by Each Reporting
Person
40,099,227
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8.
Check Box if the Aggregate Amount in Row (7) Excludes
Certain Shares [_]
(See Instructions)
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9.
Percent of Class Represented by Amount in Row (7)
98.3%
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10.
Type of Reporting Person (See Instructions)
CO
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INTRODUCTION
Titan Acquisitions, Ltd., a corporation organized under the laws of the
Province of New Brunswick, Canada ("Purchaser"), and United Technologies
Corporation, a Delaware corporation ("Parent"), hereby amend their joint
Tender Offer Statement on Schedule 14D-1 dated June 30, 1999 relating to an
offer to purchase all outstanding ordinary shares (the "Shares") of
International Comfort Products Corporation, a corporation continued under the
federal laws of Canada (the "Company"), at US$11.75 per Share (such Tender
Offer Statement on Schedule 14D-1, the "Schedule 14D-1"). This Amendment
constitutes the final amendment to the Schedule 14D-1 pursuant to General
Instruction D to Schedule 14D-1. All terms defined in the Schedule 14D-1 have
the same meanings in this Amendment.
The Offer expired at 12:00 midnight, Toronto time, on Monday, August 9,
1999. According to the information provided by the U.S. Depositary and the
Canadian Depositary, prior to the expiration of the Offer, a total of
40,099,227 Shares had been tendered pursuant to the Offer (including Shares
tendered pursuant to the procedure for guaranteed delivery and Shares tendered
pursuant to the Lock-up Agreements), which constitute approximately 98.3% of
all Shares outstanding (approximately 98.3% on a fully diluted basis). On
August 10, 1999, Purchaser, by notice to the Depositaries, accepted for
payment all Shares validly tendered prior to the expiration of the Offer.
Item 6. Interest in Securities of the Subject Company.
(a)-(b) The following paragraph is hereby inserted after the last sentence:
As of August 10, 1999, Purchaser has acquired pursuant to the Offer
(including Shares tendered pursuant to the procedure for guaranteed delivery
and Shares tendered by Ravine and Teachers pursuant to the terms of the Lock-
up Agreements) beneficial ownership of 40,099,227 Shares in the aggregate,
which constitute approximately 98.3% of the outstanding Shares (approximately
98.3% on a fully diluted basis). Reference is hereby made to the press release
issued by Purchaser on August 10, 1999, a copy of which is attached hereto as
Exhibit (a)(17) and incorporated herein by reference.
Item 10. Additional Information.
(f) The following sentence is hereby inserted after the last sentence:
In addition, reference is hereby made to the disclosure set forth under Item
6 above.
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SIGNATURES
After due inquiry and to the best of its knowledge and belief, each of the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
United Technologies Corporation
/s/ William Trachsel
By: _________________________________
Name: William Trachsel
Title:Senior Vice President,
General Counsel & Secretary
Titan Acquisitions, Ltd.
/s/ Ari Bousbib
By: _________________________________
Name: Ari Bousbib
Title:President
Dated August 10, 1999
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EXHIBIT INDEX
The following item (a)(17) is hereby added to the Exhibit Index:
<TABLE>
<CAPTION>
Exhibit
No. Description
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<C> <S>
(a)(17) Press Release by Parent, dated August 10, 1999.
</TABLE>
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Exhibit (a)(17)
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United Technologies Corp. Successfully Completes Tender Offer
For International Comfort Products Corp.
HARTFORD, Conn., August 10, 1999 -- United Technologies Corp. (NYSE: UTX)
and Titan Acquisitions, Ltd., a wholly-owned subsidiary of UTC, today announced
that they have successfully completed their tender offer for the outstanding
ordinary shares of International Comfort Products Corp. (AMEX/TSE: ICP) for
US$11.75 per share in cash.
The tender offer expired at 12:00 midnight, Toronto time, August 9, 1999.
Approximately 40,099,227 ordinary shares of ICP, representing approximately
98.3 percent of the total number of issued and outstanding shares, were tendered
and accepted for purchase pursuant to the tender offer. Titan intends to
acquire, under the statutory compulsory acquisition procedures of the Canada
Business Corporations Act, the remaining ordinary shares of ICP at the same
US$11.75 per ordinary share offer price as offered in the tender offer. Titan
and UTC continue to expect to complete all aspects of the transaction by the end
of the third quarter of 1999.
ICP operations will be integrated into Carrier Corp., a wholly-owned
subsidiary of UTC. Carrier Corp., a Farmington, Conn.-based subsidiary of United
Technologies Corp., is the world's largest manufacturer of heating, air
conditioning and refrigeration systems and equipment.
United Technologies Corp., based in Hartford, Conn., provides a broad range
of high technology products and support services to the building systems and
aerospace industries.
# # #
Contacts:
Regarding UTC/Titan: Peter Dalpe
(860) 728-7912
Regarding Carrier Corp.: Matt Chadderdon
(315) 432-6625
