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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14D-1/A**
TENDER OFFER STATEMENT PURSUANT TO SECTION 14(d)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3)
(FINAL AMENDMENT)
AUTHENTIC SPECIALTY FOODS, INC.
(Name of Subject Company)
AUTHENTIC ACQUISITION CORPORATION (TEXAS)
AUTHENTIC ACQUISITION CORPORATION (DELAWARE)
AGROBIOS, S.A. DE C.V.
DESC, S.A. DE C.V.
(Bidder)
Common Stock, par value $1.00 per share
(Title of Class of Securities)
05266E 10 7 (Common Stock)
(CUSIP Number of Class of Securities)
ARTURO D'ACOSTA RUIZ
CORPORATE DIRECTOR (TREASURY AND ACCOUNTING)
DESC, S.A. DE C.V.
PASEO DE LOS TAMARINDOS 400-B
28TH FLOOR
BOSQUES DE LAS LOMAS
MEXICO, D.F. 05120
TELEPHONE: (525) 261-8000
FACSIMILE: (525) 261-8096
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications on Behalf of Bidders)
------------
COPIES TO:
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<S> <C>
PETER J. TENNYSON, ESQ. FREDERICK S. GREEN, ESQ.
PAUL, HASTINGS, JANOFSKY & WALKER LLP WEIL, GOTSHAL & MANGES LLP
695 TOWN CENTER DRIVE, 17TH FLOOR 767 FIFTH AVENUE
COSTA MESA, CA 92626 NEW YORK, NY 10153
(714) 668-6200 (212) 310-8000
</TABLE>
CALCULATION OF FILING FEE
Transaction Valuation*: $142,173,142 Amount of Filing Fee: $28,435
- --------
* Estimated for purposes of calculating the amount of the filing fee only.
This amount assumes the purchase of 8,363,126 shares of common stock, $1.00
par value (the "Shares"), of Authentic Specialty Foods, Inc., at price of
$17.00 per Share in cash. Such number of Shares represents the 8,027,126
Shares outstanding as of May 6, 1998 and assumes the issuance prior to the
consummation of the Offer of 336,000 Shares upon the exercise of outstanding
options and warrants not subject to cancellation agreements. The amount of
the filing fee calculated in accordance with Regulation 240.0-11 of the
Securities Exchange Act of 1934, as amended, equals 1/50th of one percent of
the value of the transaction.
** Also constitutes the Statement on Schedule 13D of Authentic Acquisition
Corporation (Texas), Authentic Acquisition Corporation (Delaware), Agrobios,
S.A. de C.V., and Desc, S.A. de C.V.
[_] Check box if any part of the fee is offset as provided by Rule 0-11(a)(2)
and identify the filing with which the offsetting fee was previously paid.
Identify the previous filing by registration statement number, or the Form
or Schedule and the date of its filing.
Amount Previously Paid: $28,435 Filing Party: Desc, S.A. de C.V.
Form or Registration No.: Schedule 14D-1 Date Filed: May 14, 1998
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14D-1
CUSIP NO. 05266E 10 7
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<C> <S> <C>
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Authentic Acquisition Corporation
74-2877980
- ---------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
- ---------------------------------------------------------------------------
3. SEC USE ONLY
- ---------------------------------------------------------------------------
4. SOURCES OF FUNDS
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
Texas
- ---------------------------------------------------------------------------
7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Approximately 7,795,380 Shares.
- ---------------------------------------------------------------------------
8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES
CERTAIN SHARES [_]
- ---------------------------------------------------------------------------
9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
Approximately 97% assuming the issuance of 336,000 Shares upon the
exercise of outstanding options and warrants not subject to
cancellation agreements.
- ---------------------------------------------------------------------------
10. TYPE OF REPORTING PERSON
CO
- ---------------------------------------------------------------------------
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2
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CUSIP NO. 05266E 10 7
- --------------------------------------------------------------------------------
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<C> <S> <C>
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Authentic Acquisition Corporation
Applied For
- ---------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
- ---------------------------------------------------------------------------
3. SEC USE ONLY
- ---------------------------------------------------------------------------
4. SOURCES OF FUNDS
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
Delaware
- ---------------------------------------------------------------------------
7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Approximately 7,795,380 Shares, which are held by Authentic
Acquisition Corporation (Texas).
- ---------------------------------------------------------------------------
8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES
CERTAIN SHARES [_]
- ---------------------------------------------------------------------------
9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
Approximately 97% assuming the issuance of 336,000 Shares upon the
exercise of outstanding options and warrants not subject to
cancellation agreements.
- ---------------------------------------------------------------------------
10. TYPE OF REPORTING PERSON
CO
- ---------------------------------------------------------------------------
</TABLE>
3
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CUSIP NO. 05266E 10 7
- --------------------------------------------------------------------------------
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<C> <S> <C>
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Agrobios, S.A. de C.V.
- ---------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
- ---------------------------------------------------------------------------
3. SEC USE ONLY
- ---------------------------------------------------------------------------
4. SOURCES OF FUNDS
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
United Mexican States
- ---------------------------------------------------------------------------
7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Approximately 7,795,380 Shares, which are held by Authentic
Acquisition Corporation (Texas).
- ---------------------------------------------------------------------------
8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES
CERTAIN SHARES [_]
- ---------------------------------------------------------------------------
9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
Approximately 97% assuming the issuance of 336,000 Shares upon the
exercise of outstanding options and warrants not subject to
cancellation agreements.
- ---------------------------------------------------------------------------
10. TYPE OF REPORTING PERSON
CO
- ---------------------------------------------------------------------------
</TABLE>
4
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CUSIP NO. 05266E 10 7
- -------------------------------------------------------------------------------
<TABLE>
<C> <S> <C>
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Desc, S.A. de C.V.
- ---------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
- ---------------------------------------------------------------------------
3. SEC USE ONLY
- ---------------------------------------------------------------------------
4. SOURCES OF FUNDS
WC
- ---------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(e) OR 2(f) [_]
- ---------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United Mexican States
- ---------------------------------------------------------------------------
7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Approximately 7,795,380 Shares, which are held by Authentic
Acquisition Corporation (Texas).
- ---------------------------------------------------------------------------
8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES
CERTAIN SHARES [_]
- ---------------------------------------------------------------------------
9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
Approximately 97% assuming the issuance of 336,000 Shares upon the
exercise of outstanding options and warrants not subject to
cancellation agreements.
- ---------------------------------------------------------------------------
10. TYPE OF REPORTING PERSON
CO
- ---------------------------------------------------------------------------
</TABLE>
This Amendment No. 3 (this "Statement"), constitutes the final Amendment to
the Schedule 14D-1 filed with the Securities and Exchange Commission on May 14,
1998 by Authentic Acquisition Corporation, a Texas corporation ("Purchaser") and
a wholly owned subsidiary of Authentic Acquisition Corporation, a Delaware
corporation ("AAC Delaware") and a wholly owned subsidiary of Agrobios, S.A. de
C.V. ("Parent"), a corporation organized under the laws of the United Mexican
States ("Mexico") and a wholly owned subsidiary of Desc, S.A. de C.V., a
corporation organized under the laws of Mexico ("Desc"), as amended by the
Amendment No. 1 filed on May 29, 1998 and the Amendment No. 2 filed on June 2,
1998 (as amended, the Schedule 14D-1). As amended this Statement relates to the
offer by Purchaser to purchase all of the outstanding shares of common stock,
par value $1.00 per share (the "Shares"), of Authentic Specialty Foods, Inc., a
Texas corporation (the "Company"), at $17.00 per Share, net to the seller in
cash, without interest, upon the terms and subject to the conditions set forth
in the Offer to Purchase dated May 14,
5
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1998 (the "Offer to Purchase"), a copy of which has been filed as Exhibit 99.1
to the Schedule 14D-1, and in the related Letter of Transmittal, a copy of which
has been filed as Exhibit 99.2 to the Schedule 14D-1 (which together constitute
the "Offer"). Capitalized terms used but not defined herein have the meanings
given to them in the Offer to Purchase. This statement also constitutes the
initial Statement on Schedule 13D of the Purchaser, AAC Delaware, Parent and
Desc.
The following items are amended as follows:
Item 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY.
Items 6(a) and (b) are hereby amended by adding the following:
The Offer expired June 11, 1998 according to its terms at 12:00 midnight,
New York City time, on Thursday, June 11, 1998. Promptly thereafter, the
Purchaser gave notice to the Depositary of its acceptance for payment in
accordance with the terms of the Offer of all Shares that had been validly
tendered and not withdrawn prior to the expiration of the Offer. According to
the Depositary's preliminary count, approximately 7,795,380 Shares had been
tendered. Accordingly, as of June 12, 1998, each of Purchaser, AAC Delaware,
Parent and Desc beneficially owns approximately 7,795,380 Shares. An additional
122,710 Shares were tendered to Purchaser pursuant to notices of guaranteed
delivery. A copy of the press release issued by Desc on June 12, 1998 relating
to the completion of the Offer is attached hereto as Exhibit 99.14 and is
incorporated herein by reference.
Item 10. ADDITIONAL INFORMATION.
Item 10(f) is hereby amended by adding the following:
(f) Reference is hereby made to the text of the Press Release, dated June
12, 1998, attached hereto as Exhibit 99.14, which is incorporated herein by
reference.
Item 11. MATERIAL TO BE FILED AS EXHIBITS.
Item 11 is hereby adding the following, which is attached hereto as an
exhibit:
99.14 Text of Press Release, dated June 12, 1998.
6
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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: June 12, 1998
AUTHENTIC ACQUISITION CORPORATION,
a Texas Corporation
/s/ Ramon F. Estrada Rivero
By: ________________________________
Ramon F. Estrada Rivero
Secretary
AUTHENTIC ACQUISITION CORPORATION,
a Delaware Corporation
/s/ Ramon F. Estrada Rivero
By: ________________________________
Ramon F. Estrada Rivero
Secretary
AGROBIOS, S.A. DE C.V.
/s/ Ramon F. Estrada Rivero
By: ________________________________
Ramon F. Estrada Rivero
Secretary
DESC, S.A. DE C.V.
/s/ Ernesto Vega Velasco
By: ________________________________
Ernesto Vega Velasco
Secretary
7
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EXHIBIT INDEX
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<CAPTION>
EXHIBIT
NO. DESCRIPTION
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99.1* Offer to Purchase dated May 14, 1998.
99.2* Letter of Transmittal.
99.3* Notice of Guaranteed Delivery.
99.4* Letter to Brokers, Dealers, Commercial Banks, Trust Companies and
Other Nominees.
99.5* Letter to Clients for use by Brokers, Dealers, Commercial Banks, Trust
Companies and Other Nominees.
99.6* Guidelines for Certification of Taxpayer Identification Number on
Substitute Form W-9.
99.7* Summary Advertisement, as published in The Wall Street Journal on May
14, 1998.
99.8* Text of Press Release of Desc dated May 8, 1998.
99.9* Text of Press Release of Desc dated May 14, 1998.
99.10* Agreement and Plan of Merger, dated as of May 7, 1998, by and among
Parent, Purchaser and the Company.
99.11* Confidentiality Letter Agreement, dated February 26, 1998, by and
between Desc and the Company.
99.12* Supplemental Confidentiality Letter Agreement, dated March 31, 1998,
by and between Desc and the Company.
99.13* Letter Agreement, dated May 7, 1998, by and among Shansby Partners,
L.L.C., TSG2 L.P., TSG2 Management, L.L.C. and the Company.
99.14 Text of Press Release of Desc dated June 12, 1998.
</TABLE>
________________
* Previously filed
<PAGE>
EXHIBIT 99.14
TEXT OF PRESS RELEASE
DESC ANNOUNCES COMPLETION OF TENDER OFFER
FOR AUTHENTIC SPECIALTY FOODS, INC.
MEXICO CITY (June 12, 1998) - DESC, S.A. de C.V. (NYSE:DES; BMV:DESC) today
announced that based on a preliminary count by its depositary 7,795,380
shares, representing 97% of the outstanding stock of Authentic Specialty
Foods, Inc. (NASDAQ:ASFD), were tendered in response to the tender offer by
Authentic Acquisition Corporation, a wholly owned indirect subsidiary of DESC.
The cash tender offer expired at Midnight, New York City time, on Thursday, June
11, 1998. DESC will promptly commence a second-step merger in which the
remaining shareholders of ASFD will receive $17.00 per share in cash.
DESC, S.A. de C.V., is one of the largest industrial groups in Mexico, and
through its subsidiaries is engaged in the auto parts, chemicals, food, consumer
products and real estate businesses. It is based in Mexico City and its 1997
revenues were over $1.9 billion. ASFD, based in Grand Prairie, Texas, is a
leading provider of high-quality branded, authentic Mexican food products.
Adjusted pro forma consolidated 1997 net sales were almost $90 million.
FOR FURTHER INFORMATION:
Arturo D'Acosta Ruiz John T. McInerney, Howard S. Anger,
Eduardo Gonzalez Noah Fields
DESC, S.A. de C.V. Dewe Rogerson Inc.
Tel 011-525-261-8000 Tel 212-688-6840
Fax 011-525-261-8096 Fax 212-838-3393
Web Site: www.desc.com.mx E-Mail: [email protected]
E-Mail: [email protected]
Thomas Ball
John Ferguson
Morrow & Co., Inc.
Tel 800-566-9061
###
