<PAGE> 1
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 14D-1
TENDER OFFER STATEMENT PURSUANT TO SECTION 14(d)(1)
OF THE SECURITIES AND EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
AND SCHEDULE 13D
UNDER THE SECURITIES AND EXCHANGE ACT OF 1934
---------------
AMENDMENT NO. 11
TRIAD PARK, LLC
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(NAME OF SUBJECT COMPANY)
TPL ACQUISITION, LLC
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(BIDDER)
MEMBERSHIP INTEREST, NO PAR VALUE (THE "SHARES")
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(TITLE OF CLASS OF SECURITIES)
895814101
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(CUSIP NUMBER OF CLASS OF SECURITIES)
MURRAY A. INDICK, ESQ.
MANAGING DIRECTOR, GENERAL COUNSEL
RICHARD C. BLUM & ASSOCIATES, L.P.
909 MONTGOMERY STREET, SUITE 400
SAN FRANCISCO, CALIFORNIA 94133
TELEPHONE: (415) 434-1111
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSONS AUTHORIZED TO
RECEIVE NOTICES AND COMMUNICATIONS ON BEHALF OF BIDDER)
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<PAGE> 2
SCHEDULE 14D-1
<TABLE>
<CAPTION>
CUSIP No. 89581401 Page 2 of 13 Pages
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C>
1 NAME OF REPORTING PERSON Richard C. Blum & Associates, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3205364
- -----------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- -----------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* AF, WC, PF, OO
- -----------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f) [ ]
- -----------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION California
- -----------------------------------------------------------------------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED 2,012,158
BY EACH REPORTING PERSON
- -----------------------------------------------------------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES [ ]
CERTAIN SHARES*
- -----------------------------------------------------------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 10.2%
- -----------------------------------------------------------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON* PN, IA
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 2
<PAGE> 3
SCHEDULE 14D-1
<TABLE>
<CAPTION>
CUSIP No. 89581401 Page 3 of 13 Pages
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C>
1 NAME OF REPORTING PERSON Richard C. Blum & Associates, Inc.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-2967812
- -----------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- -----------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* AF, WC, PF, OO
- -----------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f) [ ]
- -----------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION California
- -----------------------------------------------------------------------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED 2,012,158
BY EACH REPORTING PERSON
- -----------------------------------------------------------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES [ ]
CERTAIN SHARES*
- -----------------------------------------------------------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 10.2%
- -----------------------------------------------------------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON* CO
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 3
<PAGE> 4
SCHEDULE 14D-1
<TABLE>
<CAPTION>
CUSIP No. 89581401 Page 4 of 13 Pages
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C>
1 NAME OF REPORTING PERSON Richard C. Blum
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ---------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- ----------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* AF, WC, PF, OO
- ----------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f) [ ]
- ----------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION California
- ----------------------------------------------------------------------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED 2,012,158
BY EACH REPORTING PERSON
- ----------------------------------------------------------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES [ ]
CERTAIN SHARES*
- ----------------------------------------------------------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 10.2%
- ----------------------------------------------------------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON* IN
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
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<PAGE> 5
SCHEDULE 14D-1
<TABLE>
<CAPTION>
CUSIP No. 89581401 Page 5 of 13 Pages
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C>
1 NAME OF REPORTING PERSON TPL Acquisition, LLC
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- -----------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- -----------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* AF, WC, PF, OO
- -----------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f) [ ]
- -----------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- -----------------------------------------------------------------------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED 2,012,158
BY EACH REPORTING PERSON
- -----------------------------------------------------------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES [ ]
CERTAIN SHARES*
- -----------------------------------------------------------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 10.2%
- -----------------------------------------------------------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON* OO (limited liability company)
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
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<PAGE> 6
SCHEDULE 14D-1
<TABLE>
<CAPTION>
CUSIP No. 89581401 Page 6 of 13 Pages
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C>
1 NAME OF REPORTING PERSON Pell Development Company
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- -----------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- -----------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* AF, WC, PF, OO
- -----------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f) [ ]
- -----------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION California
- -----------------------------------------------------------------------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED 2,012,158
BY EACH REPORTING PERSON
- -----------------------------------------------------------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES [ ]
CERTAIN SHARES*
- -----------------------------------------------------------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 10.2%
- -----------------------------------------------------------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON* OO (sole proprietorship)
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
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<PAGE> 7
SCHEDULE 14D-1
<TABLE>
<CAPTION>
CUSIP No. 89581401 Page 7 of 13 Pages
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C>
1 NAME OF REPORTING PERSON Joseph Pell
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ----------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- ----------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* AF, WC, PF, OO
- ----------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f) [ ]
- ----------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION California
- ----------------------------------------------------------------------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED 2,012,158
BY EACH REPORTING PERSON
- ----------------------------------------------------------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES [ ]
CERTAIN SHARES*
- ----------------------------------------------------------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 10.2%
- ----------------------------------------------------------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON* IN
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
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SCHEDULE 14D-1
<TABLE>
<CAPTION>
CUSIP No. 89581401 Page 8 of 13 Pages
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C>
1 NAME OF REPORTING PERSON Eda Pell
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ----------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- ----------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* AF, WC, PF, OO
- ----------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f) [ ]
- ----------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION California
- ----------------------------------------------------------------------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED 2,012,158
BY EACH REPORTING PERSON
- ----------------------------------------------------------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES [ ]
CERTAIN SHARES*
- ----------------------------------------------------------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 10.2%
- ----------------------------------------------------------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON* IN
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
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<PAGE> 9
AMENDMENT NO. 1 TO SCHEDULE 14D-1/AMENDMENT NO. 11 TO SCHEDULE 13D
This Amendment (this "Amendment") constitutes (i) Amendment No. 1 to
the Tender Offer Statement on Schedule 14D-1 originally filed on April 1, 1998
(the "Schedule 14D-1") by TPL Acquisition, LLC, a Delaware limited liability
company (the "Purchaser"), managed by Richard C. Blum & Associates, L.P., a
California limited partnership ("RCBA"), and, upon consummation of the Offer,
intended to be co-managed with Pell Development Company, a California sole
proprietorship ("Pell", together, the "Managers"), relating to the offer by the
Purchaser to purchase all outstanding membership interests, no par value (the
"Membership Interests") of Triad Park, LLC, a Delaware limited liability
company (the "Company"), including the associated rights to purchase Membership
Interests issued pursuant to the Company's Rights Plan (as such term is defined
in the Offer to Purchase) (the "Rights" and together with Membership Interests,
the "Shares"), at a price of $1.80 per Share, net to the seller in cash,
without interest thereon (the "Offer Price"), upon the terms and subject to the
conditions set forth in the Offer to Purchase, dated April 1, 1998 (the "Offer
to Purchase"), and in the related Letter of Transmittal, copies of which are
attached to the Schedule 14D-1 as Exhibits (a) (1) and (a) (2), respectively
(which collectively constitute the "Offer"); and (ii) Amendment No. 11 to the
Schedule 13D (the "Schedule 13D"), filed by RCBA and its affiliates (along with
TPL Acquisition, LLC, the "Blum Reporting Persons"), and Pell Development
Company, Joseph Pell and Eda Pell (the "Pell Reporting Persons"). This
Amendment amends and supplements the Schedule 14D-1 and Schedule 13D.
All capitalized terms used in this Amendment without definition have
the meanings attributed to them in the Schedule 14D-1.
The items of the Schedule 14D-1 set forth below are hereby amended as
follows:
ITEM 10. ADDITIONAL INFORMATION.
(a)-(e) None.
(f) The information set forth in the Offer is hereby supplemented
and amended to incorporate by reference the information set forth in the
Supplement dated April 6, 1998 to the Offer to Purchase (the "Supplement"), a
copy of which is attached hereto as Exhibit (a)(7).
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
Item 11 is hereby supplemented and amended by adding the following
exhibits:
(a)(7) Supplement dated April 6, 1998 to the Offer to Purchase dated
April 1, 1998.
(a)(8) Press release issued by RCBA on April 6, 1998 relating to
Supplement.
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SIGNATURE
After due 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.
Dated: April 6, 1998
RICHARD C. BLUM & ASSOCIATES, L.P. RICHARD C. BLUM & ASSOCIATES, INC.
By /s/ Murray A. Indick By /s/ Murray A. Indick
------------------------------- ---------------------------------
Murray A. Indick Murray A. Indick
Managing Director Managing Director, General Counsel
and General Counsel and Secretary
TPL ACQUISITION, LLC /s/ Murray A. Indick
By: Richard C. Blum & Associates, L.P. -------------------------------------
Its Managing Member RICHARD C. BLUM
By: Richard C. Blum & Associates, By Murray A. Indick, Attorney-in-Fact
Inc., its sole general partner
By: /s/ Murray A. Indick
-------------------------
Murray A. Indick
Managing Director
and General Counsel
PELL DEVELOPMENT COMPANY
By /s/ Joseph Pell /s/ Joseph Pell
------------------------------- ------------------------------
Joseph Pell JOSEPH PELL
Owner
/s/ Eda Pell
------------------------------
EDA PELL
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INDEX OF EXHIBITS
Exhibit Exhibit Sequentially
Number ------- Numbered
- ------ Pages
-----
(a)(7) Supplement dated April 6, 1998 to the Offer to Purchase (the
"Supplement").
(a)(8) Press release issued by RCBA on April 6, 1998 relating to
Supplement.
Page 11
<PAGE> 1
EXHIBIT (a)(7)
SUPPLEMENT DATED APRIL 6, 1998 TO
OFFER TO PURCHASE FOR CASH
ANY AND ALL OUTSTANDING MEMBERSHIP INTERESTS, NO PAR VALUE,
(INCLUDING THE ASSOCIATED RIGHTS TO PURCHASE
ADDITIONAL MEMBERSHIP INTERESTS)
OF
TRIAD PARK, LLC
AT $1.80 NET PER SHARE
BY
TPL ACQUISITION, LLC
THE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 12:00 MIDNIGHT,
NEW YORK CITY TIME, ON APRIL 29, 1998, UNLESS THE OFFER IS EXTENDED.
To the Holders of Shares of
Triad Park, LLC:
This Supplement amends and supplements the Offer to Purchase dated
April 1, 1998 (the "Offer to Purchase") of TPL Acquisition, LLC, a Delaware
limited liability company (the "Purchaser"), solely managed by Richard C. Blum
& Associates, L.P., a California limited partnership ("RCBA"), and, upon
consummation of the Offer, intended to be co-managed with Pell Development
Company, a California sole proprietorship ("Pell" and together with RCBA, the
"Managers"), with respect to the tender offer made by the Purchaser to purchase
all outstanding membership interests, no par value (the "Membership Interests")
of Triad Park, LLC, a Delaware limited liability company (the "Company"),
including the associated rights to purchase Membership Interests issued
pursuant to the Rights Plan (as such term is defined herein) (the "Rights" and
together with Membership Interests, the "Shares"), at a price of $1.80 per
Share, net to the seller in cash, without interest thereon (the "Offer Price"),
upon the terms and subject to the conditions set forth in this Offer to
Purchase and in the related Letter of Transmittal (which, as amended from time
to time, together constitute the "Offer"). This Supplement, the Offer to
Purchase and the related Letter of Transmittal contain important information
which should be read before any decision is made with respect to the Offer.
1. The first two sentences of the paragraph beginning "The
Purchaser expressly reserves the right . . ." in Section 1 on page 16 of the
Offer are hereby deleted.
2. The following sentence is hereby added after the sentence
ending ". . . (iv) amend the Offer." in Section 1 on page 16 of the Offer:
Notwithstanding the preceding sentence, the Purchaser reserves
the right to amend the Offer prior to the Expiration Date in a
manner that improves the terms of the Offer for the Company's
shareholders (e.g., to eliminate or restrict the conditions,
to increase the Offer Price, etc.).
3. The phrase "and in addition to (and not in limitation of) the
Purchaser's rights to extend and amend the Offer at any time in its sole
discretion," in the first sentence in Section 11 on page 27 of the Offer is
hereby deleted.
Page 12
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4. The condition set forth in clause (a) of Section 11 on page 27
of the Offer is hereby waived in its entirety.
5. The condition set forth in clause (b) of Section 11 on page 27
of the Offer is hereby amended and restated in its entirety as follows:
(b) there shall be any temporary restraining
order, preliminary or permanent injunction or other order by
any court or other judicial or administrative body of
competent jurisdiction (each, an "Injunction") which prohibits
or prevents the consummation of the Offer and/or the Merger
which remains in effect, or there shall be any action taken,
or any statute, rule, regulation or order (whether temporary,
preliminary or permanent) enacted, entered or enforced which
makes the consummation of the Offer and/or the Merger illegal
or prevents or prohibits the Offer and/or the Merger;
6. The condition set forth in clause (c) of Section 11 on pages
27-28 of the Offer is hereby amended and restated in its entirety as follows:
(c) except as disclosed in the Company SEC
Reports (as defined in the RCBA Merger Agreement) filed prior
to the date hereof or in the Disclosure Schedule (as defined
in the RCBA Merger Agreement), since February 10, 1997, the
date the Company was organized, there has been (i) any
transaction, commitment, dispute or other event or condition
(financial or otherwise) of any character (whether or not in
the ordinary course of business), individually or in the
aggregate, having a Material Adverse Effect (as defined in the
RCBA Merger Agreement); (ii) any damage, destruction or loss,
whether or not covered by insurance, which, insofar as
reasonably can be foreseen, in the future would be likely to
have a Material Adverse Effect (as defined in the RCBA Merger
Agreement); (iii) any declaration, setting aside or payment of
any dividend or other distribution (whether in cash, stock or
property) with respect to the Company Shares (as defined in
the RCBA Merger Agreement); (iv) any material increase in the
benefits under, or the establishment or amendment of, any
bonus, insurance, severance, deferred compensation, pension,
retirement, profit sharing, performance awards, Company Share
purchase or other employee benefit plan, or any increase in
the compensation payable or to become payable to any of the
employees of the Company, except for increases in salaries or
wages payable or to become payable in the ordinary course of
business and consistent with past practice; (v) any change by
the Company in its significant accounting policies; or (vi)
any entry into any commitment or transaction material to the
Company (including, without limitation, any borrowing or sale
of assets) except in the ordinary course of business
consistent with past practice;
7. The condition set forth in clause (d) of Section 11 on page 28
of the Offer is hereby waived in its entirety.
8. The condition set forth in clause (e) of Section 11 on page 28
of the Offer is hereby amended and restated in its entirety as follows:
(e) the Company shall or shall propose to (A)
sell or pledge or agree to sell or pledge any Membership
Interest; (B) amend its limited liability company agreement or
by-laws; (C) split, combine or reclassify its outstanding
Membership Interests or issue or authorize or propose the
issuance of any other securities in respect of, in lieu of or
in substitution for shares of Membership Interests of the
Company, or declare, set aside or pay any dividend or other
distribution payable in cash, securities or other property; or
(D)
Page 13
<PAGE> 3
directly or indirectly redeem, purchase or otherwise acquire
or agree to redeem, purchase or otherwise acquire any Shares;
9. The condition set forth in clause (f) of Section 11 on pages
28-29 of the Offer is hereby amended and restated in its entirety as follows:
(f) a tender or exchange offer for any Shares
shall have been made or publicly proposed to be made by any
other person (including the Company or any of its subsidiaries
or affiliates) at an offer price higher than that offered by
Purchaser, or it shall have been publicly disclosed or
Purchaser shall have otherwise learned that any person or
"group" (within the meaning of Section 13(d)(3) of the
Exchange Act) shall have acquired or proposed to acquire
beneficial ownership of more than 20% of any class or series
of capital stock of the Company (including the Shares),
through the acquisition of stock, the formation of a group or
otherwise, or shall have been granted any right, option or
warrant, conditional or otherwise, to acquire beneficial
ownership of more than 20% of any class or series of capital
stock of the Company (including the Shares), other than
acquisitions for bona fide arbitrage purposes only and other
than as disclosed in a Schedule 13D or 13G on file with the
Commission prior to April 1, 1998;
10. The condition set forth in clause (g) of Section 11 on page 29
of the Offer is hereby waived in its entirety.
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<PAGE> 1
EXHIBIT (a)(8)
RICHARD C. BLUM & ASSOCIATES, L.P.
909 MONTGOMERY STREET, SUITE 400
SAN FRANCISCO, CA 94133-4625
FAX: (415) 434-3130
TELEPHONE: (415) 434-1111
News From: Richard C. Blum & Associates, L.P.
Contact: Rick Mariano, 415/434-1111
RICHARD C. BLUM & ASSOCIATES AMENDS TENDER OFFER FOR TRIAD PARK (TICKER: TDPK)
BY DELETING CERTAIN CONDITIONS; CONSIDERATION REMAINS $1.80 PER SHARE
Richard C. Blum & Associates ("RCBA") announced today that its affiliate TPL
Acquisition, LLC had amended its previously announced cash tender offer for all
the outstanding membership interests (the "Shares") of Triad Park, LLC, a
Delaware limited liability company, at a price of $1.80 per Share. The
amendment removes certain conditions set forth in the tender offer commenced on
April 1. The conditions are now substantively conformed to conditions set
forth in a merger agreement between RCBA and Triad Park that was terminated on
February 1, 1998. In addition, the tender offer is still conditioned upon,
among other things, (i) there being validly tendered and not withdrawn a
sufficient number of Shares that, when combined with the Shares already owned
by RCBA, would constitute a majority of all outstanding Shares, (ii)
redemption or waiver of Triad Park's rights plan, and (iii) termination of the
merger agreement between Triad Park and The Kontrabecki Group, Inc. The other
terms and conditions in the tender offer are unchanged, including the
consideration to Triad Park shareholders of $1.80 per share.
Page 15
