SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14D-l
Tender Offer Statement Pursuant to Section
14(d)(1) of the Securities Exchange Act of 1934
(Amendment No. 1)
THE ENERGY GROUP PLC
(Name of Subject Company)
TU ACQUISITIONS PLC
TEXAS UTILITIES COMPANY
(Bidders)
Ordinary Shares of 10p each and
American Depositary Shares, each representing Four Ordinary Shares
and evidenced by American Depositary Receipts
(Title of Class of Securities)
292691 10 2
(CUSIP Number of Class of Securities)
Peter B. Tinkham, Esq.
Texas Utilities Company
Secretary and Assistant Treasurer
1601 Bryan Street
Dallas, Texas 75201
(214) 812-4600
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications on behalf of Bidders)
Copy to:
Robert A. Wooldridge, Esq. Robert J. Reger, Jr., Esq.
Worsham, Forsythe Reid & Priest LLP
& Wooldridge, L.L.P. 40 West 57th Street
1601 Bryan Street New York, New York 10019
Dallas, Texas 75201 (212) 603-2000
(214) 979-3000
<PAGE>
14D-1
- - --------------------------------------------------------------------------------
1. Name of Reporting Person:
TU Acquisitions PLC
- - --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a)/x/
(b)/ /
- - --------------------------------------------------------------------------------
3. SEC Use Only
- - --------------------------------------------------------------------------------
4. Sources of Funds
BK
AF
- - --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(e) or 2(f) / /
- - --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
England and Wales
- - --------------------------------------------------------------------------------
7. Aggregate Amount Beneficially Owned by Each Reporting
Person - 114,400,000 ordinary shares
- - --------------------------------------------------------------------------------
8. Check Box if the Aggregate Amount in Row (7) Excludes
Certain Shares / /
- - --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row (7)
22.0%
- - --------------------------------------------------------------------------------
10. Type of Reporting Person
CO
<PAGE>
14D-1
- - --------------------------------------------------------------------------------
1. Name of Reporting Person; I.R.S. Employer
Identification No.:
Texas Utilities Company;
75-2669310
- - --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a)/x/
(b)/ /
- - --------------------------------------------------------------------------------
3. SEC Use Only
- - --------------------------------------------------------------------------------
4. Sources of Funds
BK
- - --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(e) or 2(f) / /
- - --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Texas
- - --------------------------------------------------------------------------------
7. Aggregate Amount Beneficially Owned by Each Reporting
Person - 114,400,000 ordinary shares*
- - --------------------------------------------------------------------------------
8. Check Box if the Aggregate Amount in Row (7) Excludes
Certain Shares / /
- - --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row (7)
21.96%*
- - --------------------------------------------------------------------------------
10. Type of Reporting Person
HC
* Represents shares owned by TU Acquisitions PLC, an indirect wholly
owned subsidiary of Texas Utilities Company
<PAGE>
Texas Utilities Company, a Texas corporation ("Texas
Utilities"), and TU Acquisitions PLC, a public limited company
incorporated in England and Wales and an indirect wholly owned
subsidiary of Texas Utilities ("TU Acquisitions"), hereby amend and
supplement their Tender Offer Statement on Schedule 14D-1 (the
"Statement"), originally filed on March 10, 1998, with respect to the
offer to purchase all of the outstanding (a) ordinary shares of 10p
each ("Energy Group Shares") of The Energy Group PLC, a public limited
company organized under the laws of England and Wales ("The Energy
Group"), and (b) American Depositary Shares ("Energy Group ADSs") of
The Energy Group each representing four Energy Group Shares and
evidenced by American Depositary Receipts, as set forth in this
Amendment No. 1. Capitalized terms not defined herein have the
meanings assigned thereto in the Statement.
Item 6. Interest in Securities of the Subject Company.
- - ------- ----------------------------------------------
(a) and (b). On March 17, 1998, Texas Utilities issued a
press release, a copy of which is filed as Exhibit (a)(12) and is
incorporated herein by reference. On March 17, 1998, Texas Utilities
issued a press release in the United Kingdom, a copy of which is filed
as Exhibit (a)(13) and is incorporated herein by reference. The Energy
Group Shares purchased by TU Acquisitions on March 3 and 4, 1998,
together with the Energy Group Shares purchased by TU Acquisitions on
March 17, 1998, represent 21.96% of the Energy Group Shares. All
purchases were made by Merrill Lynch on the London Stock Exchange on
behalf of TU Acquisitions.
Item 10. Additional Information.
- - ------- ----------------------
(f). On March 17, 1998, Texas Utilities issued a press
release, a copy of which is filed as Exhibit (a)(12) and is
incorporated herein by reference. On March 17, 1998, Texas Utilities
issued a press release in the United Kingdom, a copy of which is filed
as Exhibit (a)(13) and is incorporated herein by reference.
Item 11. Material to be Filed as Exhibits.
EXHIBIT DESCRIPTION
- - ------- -----------
(a)(12) Text of US press release of Texas Utilities dated March 17, 1998.
(a)(13) Text of UK press release of Texas Utilities dated March 17, 1998.
<PAGE>
SIGNATURE
---------
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. Dated: March
17, 1998
TU ACQUISITIONS PLC
By: /s/ H. Jarrell Gibbs
------------------------------
Name: H. Jarrell Gibbs
Title: Director
TEXAS UTILITIES COMPANY
By: /s/ Robert S. Shapard
------------------------------
Name: Robert S. Shapard
Title: Treasurer and
Assistant Secretary
<PAGE>
EXHIBIT INDEX
Item 11. Material to be Filed as Exhibits.
- - ------- --------------------------------
Exhibit Description
- - ------- -----------
(a)(12) Text of US press release of Texas Utilities dated March 17, 1998.
(a)(13) Text of UK press release of Texas Utilities dated March 17, 1998.
<PAGE>
Exhibit (a)(12)
[TEXAS UTILITIES COMPANY LETTERHEAD]
ENERGY PLAZA 1601 Bryan Street Dallas, Texas 75201 (214) 812-
4600 NEWS
RELEASE
-----------------------------------------------------------------
--------------------------------------------------
FOR IMMEDIATE RELEASE
---------------------
TEXAS UTILITIES COMPANY
----------------------
OFFER FOR
THE ENERGY GROUP PLC
DALLAS, TEXAS March 17, 1998 Texas Utilities Company
(NYSE:TXU) announces that, following the receipt yesterday of US
regulatory clearance to do so, it has today acquired a further
36.9 million Energy Group Shares at 840 pence per share,
representing approximately 7.1% of The Energy Group's issued
share capital, and now holds 114.4 million Energy Group Shares,
representing approximately 21.96% of The Energy Group's issued
share capital.
Texas Utilities Company is an investor-owned holding company
for energy service companies engaged in domestic and
international electric and natural gas utility services, energy
marketing, telecommunications, and other energy-related services.
-END-
FOR ADDITIONAL INFORMATION CONTACT:
DAVID ANDERSON TIM HOGAN
214/812-4641 OR 214/812-2756
[email protected] [email protected]<PAGE>
Exhibit (a)(13)
[TEXAS UTILITIES COMPANY Logo] News Release
-----------------------------------------------------------------
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION
IN OR INTO CANADA, AUSTRALIA OR JAPAN
17 MARCH 1998
TEXAS UTILITIES COMPANY
-----------------------
OFFER FOR
THE ENERGY GROUP PLC
TEXAS UTILITIES HOLDS 21.96 PER CENT. OF THE ENERGY GROUP
Texas Utilities announces that, following the receipt yesterday
of US regulatory clearance to do so, it has today acquired a
further 36.9 million Energy Group Shares at 840 pence per share,
representing approximately 7.1 per cent. of The Energy Group's
issued share capital, and now holds 114.4 million Energy Group
Shares, representing approximately 21.96 per cent. of The Energy
Group's issued share capital.
Enquiries:
TEXAS UTILITIES COMPANY
David Anderson (Investors) Telephone: +1-214-812 4641
Joan Hunter (Press) Telephone: +1-214-812 4071
LEHMAN BROTHERS INTERNATIONAL Telephone: +44-171-601 0011
Richard Collier
Anthony Fobel
MERRILL LYNCH INTERNATIONAL Telephone: +44-171-628 1000
Justin Dowley
Lewis Lee
Martin Falkner
MERRILL LYNCH CORPORATE BROKING Telephone: +44-171-772 1000
Mike Gibson
Stephen Robinson
FINANCIAL DYNAMICS Telephone: +44-171-831 3113
Nick Miles
Andrew Dowler
The definitions set out in the offer document dated 10 March 1998
apply in this announcement.
The Texas Utilities Offer is not being made, directly or
indirectly, in or into Canada, Australia or Japan. Accordingly,
copies of this announcement are not being, and must not be,
mailed or otherwise distributed or sent in or into Canada,
Australia or Japan.
Lehman Brothers and Merrill Lynch, which are regulated in the
United Kingdom by The Securities and Futures Authority Limited,
are acting for Texas Utilities and TU Acquisitions and no one
else in connection with the Texas Utilities Offer and will not be
responsible to anyone other than Texas Utilities and TU
Acquisitions for providing the protections afforded to their
respective customers or for providing advice in relation to the
Texas Utilities Offer or any other matter referred to herein.
Lehman Brothers and Merrill Lynch are acting through Lehman
Brother Inc. and Merrill Lynch & Co., respectively, for the
purposes of making the Texas Utilities Offer in the United
States.
END
