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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14D-9/A
SOLICITATION/RECOMMENDATION STATEMENT
PURSUANT TO SECTION 14(d)(4) OF THE SECURITIES EXCHANGE ACT OF 1934
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INNOVATIVE VALVE TECHNOLOGIES, INC.
(Name of Subject Company)
INNOVATIVE VALVE TECHNOLOGIES, INC.
(Name of Person Filing Statement)
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COMMON STOCK, PAR VALUE $.001 PER SHARE
and Associated Rights to Purchase Series A Junior Participating Preferred Stock
(Title of Class of Securities)
45767J106
(CUSIP Number of Class of Securities)
WILLIAM E. HAYNES
CHIEF EXECUTIVE OFFICER
INNOVATIVE VALVE TECHNOLOGIES, INC.
2 NORTHPOINT DRIVE, SUITE 300
HOUSTON, TEXAS 77060
(281) 925-0300
(Name, Address and Telephone Number of Person Authorized to
Receive Notice and Communications on Behalf of Person Filing Statement)
WITH A COPY TO:
JOHN R. BOYER, JR.
BOYER, EWING & HARRIS, INCORPORATED
9 GREENWAY PLAZA, SUITE 3100
HOUSTON, TEXAS 77046
(713) 871-2025
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This Amendment No. 1 amends and supplements the Solicitation/Recommendation
Statement on Schedule 14D-9 dated November 22, 1999 (as amended, the "Schedule
14D-9") filed by Innovative Valve Technologies, Inc., a Delaware corporation
(the "Company"), with respect to the tender offer by Flowserve Corporation, a
New York corporation ("Parent"), and Forrest Acquisition Sub, Inc., a Delaware
corporation and a wholly-owned subsidiary of Parent ("Purchaser"), to purchase
all of the outstanding Shares. Unless otherwise defined herein, all capitalized
terms used herein shall have the respective meanings given such terms in the
Schedule 14D-9.
ITEM 8. ADDITIONAL INFORMATION TO BE FURNISHED
Pursuant to its obligations under the Merger Agreement, on November
23, 1999, Parent filed a Notification and Report Form with respect to the Offer
under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the
"HSR Act"), and on November 23, 1999, the Company filed its Notification and
Report Form with respect to the Offer under the HSR Act. On December 6, 1999
the Company was notified that its request for early termination of the waiting
period under the HSR Act had been granted as of that date.
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief,
the undersigned certifies that the information set forth in this Statement is
true, complete and correct.
Dated: December 8, 1999 INNOVATIVE VALVE TECHNOLOGIES, INC.
By: /s/ Charles F. Schugart
Name: Charles F. Schugart
Title: President
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