SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)
IVAX CORPORATION
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(Name of Issuer)
Common Stock, Par Value $.10 per Share
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(Title of Class of Securities)
465823102
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(CUSIP Number)
Thomas Y. Allman
BASFIN CORPORATION
3000 Continental Drive-North
Mount Olive, New Jersey 07828-1234
Telephone: (201) 426-3230
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(Name, Address and Telephone Number of
Person Authorized to Receive Notices and
Communications)
October 28, 1999
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Page 1 of 6
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CUSIP No. 465823102
- --------------------------------------------------------------------------------
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
BASFIN Corporation
22-2026719
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of Group (See Instructions)
(a) [ X ]
(b) [ ]
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Sources of Funds (See Instructions)
- --------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e).
[ - ]
- --------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
State of Delaware
- --------------------------------------------------------------------------------
(7) Number of Shares Sole Voting Power 0
Beneficially --------------------------------------------
(8) Owned by Shared Voting Power 5,304,700
Each --------------------------------------------
(9) Reporting Sole Dispositive Power 0
Person --------------------------------------------
(10) With Shared Dispositive Power 5,304,700
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
5,304,700
- --------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
[ - ]
- --------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
5.0%
- --------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
CO
- --------------------------------------------------------------------------------
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CUSIP No. 465823102
- --------------------------------------------------------------------------------
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
BASF Aktiengesellschaft
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of Group (See Instructions)
(a) [ X ]
(b) [ ]
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Sources of Funds (See Instructions)
- --------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e).
[ - ]
- --------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
Germany
- --------------------------------------------------------------------------------
(7) Number of Shares Sole Voting Power 0
Beneficially --------------------------------------------
(8) Owned by Shared Voting Power 5,304,700
Each --------------------------------------------
(9) Reporting Sole Dispositive Power 0
Person --------------------------------------------
(10) With Shared Dispositive Power 5,304,700
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
5,304,700
- --------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
[ - ]
- --------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
5.0%
- --------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
CO
- --------------------------------------------------------------------------------
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Item 1. Securities and Issuer.
BASFIN Corporation, a Delaware corporation ("BASFIN"), and
BASF Aktiengesellschaft, a corporation organized under the laws of Germany
("BASF AG" and, together with BASFIN, "BASF") hereby amends, supplements and
restates their Schedule 13D, originally filed on October 4, 1996, relating to
the shares of common stock, par value $.10 per share ("Issuer Common Stock"), of
Ivax Corporation, a Florida corporation (the "Issuer"), with principal executive
offices at 4400 Biscayne Boulevard, Miami, Florida 33137.
Item 5. Interest in Securities of the Issuer.
(a) - (b) As of October 28 1999, BASF beneficially owned 5,304,700 shares
of Issuer Common Stock representing 4.997% of the outstanding Issuer Common
Stock as of that date.
As a result of BASF AG's ownership of all of BASFIN's
outstanding capital stock, BASF AG and BASFIN have shared power to vote and
dispose of all the shares of Issuer Common Stock so owned.
(c) During the past 60 days, BASF has disposed of an aggregate
of 980,000 shares of Issuer Common Stock in transactions on the American Stock
Exchange as follows:
Date No. of Shares Sold Price Per Share
---- ------------------ ---------------
9/16/99 20,000 $16.8125
9/20/99 20,000 $16.500
9/21/99 65,000 $16.6556
9/22/99 75,000 $16,8208
9/24/99 60,000 $16.5075
9/27/99 40,000 $16.6250
10/4/99 69,200 $16.5758
10/6/99 70,000 $16.2589
10/8/99 91,000 $16.5700
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<PAGE>
Date No. of Shares Sold Price Per Share
---- ------------------ ---------------
10/12/99 59,600 $16.2638
10/13/99 100,000 $16.5134
10/18/99 50,000 $15.5000
10/19/99 165,000 $16.3641
10/20/99 50,000 $16.6250
10/28/99 45,200 $17.5151
(d) Not applicable.
(e) On October 28, 1999, BASF ceased to be the beneficial owner
of more than five percent of Issuer Common Stock.
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SIGNATURE
After reasonable 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.
October 28,1999 BASFIN CORPORATION
By: /s/ Mark A. Kerschner
-------------------------------
Name: Mark A. Kerschner
Title: Treasurer
SIGNATURE
After reasonable 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.
October 28,1999 BASF AKTIENGESELLSCHAFT
By: /s/ Klaus Boehm
-------------------------------
Name: Klaus Boehm
Title: Senior Vice President,
Finance
By: /s/ Joerg Buchmueller
-------------------------------
Name: Joerg Buchmueller
Title: Director, Legal
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