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SCHEDULE 14A
(RULE 14A-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES
EXCHANGE ACT OF 1934 (AMENDMENT NO. )
Filed by the Registrant [ ]
Filed by a Party other than the Registrant [X]
Check the appropriate box:
<TABLE>
<S> <C>
[ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission
Only (as permitted by Rule 14a-6(e)(2))
[ ] Definitive Proxy Statement
[X] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12
</TABLE>
Triad Park, LLC
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(Name of Registrant as Specified In Its Charter)
The Kontrabecki Group, Inc.
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(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
[X] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
(1) Title of each class of securities to which transaction applies:
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(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
filing fee is calculated and state how it was determined):
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(5) Total fee paid:
[ ] Fee paid previously with preliminary materials:
[ ] Check box if any part of the fee is offset as provided by Exchange Act Rule
0-11(a)(2) and identify the filing for which the offsetting fee was paid
previously. Identify the previous filing by registration statement number,
or the Form or Schedule and the date of its filing.
(1) Amount Previously Paid:
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(3) Filing Party:
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NEWS RELEASE
FOR IMMEDIATE RELEASE--
FROM THE KONTRABECKI GROUP, INC.
Contacts:
John Kontrabecki
The Kontrabecki Group, Inc.
650-372-1222
Mark Harnett
MacKenzie Partners, Inc.
212-929-5877
TKG WEIGHS MATCHING BID
FOR TRIAD PARK
FEDERAL COURT ORDERS BLUM GROUP
TO DISCLOSE FUNDING
TRIAD PARK WITHDRAWS
"SUPERIOR PROPOSAL" LETTER
San Mateo, Calif. (Friday, March 27, 1998). The Kontrabecki Group, Inc.
(TKG) today announced that it is in discussions with Lehman Brothers looking to
increase TKG's offer for Triad Park, LLC (ticker: TDPK) to $1.74 per share. This
would match the price announced by Richard C. Blum & Associates in a press
release yesterday. TKG expects to issue a further press release during the
course of the day today.
TKG has previously announced definitive financing agreements with Lehman
Brothers to provide financing for its current merger agreement with Triad Park.
John Kontrabecki, president of TKG, said: "Shareholders who have already
voted for the TKG-Triad Park merger should keep their votes in place.
Shareholders who have been waiting for any last minute developments should stand
ready to vote for the TKG-Triad Park merger."
The special meeting of Triad Park shareholders to vote on the TKG-Triad
Park merger is presently scheduled for 4 p.m., Saturday, March 28, 1998.
In a separate development, a federal court has ordered the Blum group and
certain of its affiliates to disclose additional information today about the
funding for their bid for Triad Park.
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The U.S. District Court for the Northern District of California ordered the
Blum group to publicly disclose by 3 p.m. Friday, March 27, 1998 a summary of
each loan agreement and any plans or arrangements to finance its bid, and a
description of any contracts, arrangements or understandings with any person
regarding any securities of Triad Park. In addition, the court ordered the Blum
group, as soon as practicable, to file with the Securities and Exchange
Commission and disseminate to Triad Park shareholders a true and complete
Schedule 13D including copies of all written agreements, contracts,
arrangements, understandings, plans or proposals relating to any borrowings to
finance its proposed acquisition of Triad Park.
In a separate development, TKG has been advised by Triad Park's lawyers
that the Triad Park Advisory Board has rescinded and withdrawn the "Superior
Proposal Notice" previously sent to TKG by the Triad Park Advisory Board with
respect to the Blum group's March 13 offer for Triad Park.
John Kontrabecki, president of TKG, said: "We intend to continue our
efforts to deliver immediate value to Triad Park shareholders. We will not
hesitate to take further court action to obtain the benefit of our bargain with
Triad Park, including by seeking money damages from all appropriate parties.
Shareholders' choice remains the same: cash now from the TKG deal, or
uncertainty, confusion and delay."
TRIAD PARK SHAREHOLDERS ARE URGED TO IMMEDIATELY SIGN, DATE AND RETURN
THEIR PROXY CARDS MARKED FOR APPROVAL OF THE TKG-TRIAD PARK MERGER.
For additional information, please contact Mark Harnett of MacKenzie
Partners at 212-929-5877 or John Kontrabecki of TKG at 650-372-1222.
