<PAGE>
================================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
---------------------
SCHEDULE 14D-1
Tender Offer Statement Pursuant to Section 14(d)(1)
of the Securities Exchange Act of 1934
(Amendment No. 2)
OUTBOARD MARINE CORPORATION
(Name of Subject Company)
GREENMARINE ACQUISITION CORP.
A Wholly-Owned Subsidiary of
GREENMARINE HOLDINGS LLC
(Bidders)
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)
<TABLE>
<S> <C> <C>
Greenlake Holdings LLC Greenhouse Partners, L.P. Greenhut Overseas, L.L.C.
Greenway Partners, L.P. Greenhut, LLC Alfred D. Kingsley
Greentree Partners, L.P. Greenbelt Corp. Gary K. Duberstein
Greensea Offshore, L.P.
</TABLE>
and
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
<TABLE>
<S> <C> <C>
Greenmarine Holdings LLC QIH Management Investor, L.P. Stanley F. Druckenmiller
Greenmarine Acquisition Corp. QIH Management, Inc. Quasar International Fund N.V.
Quantum Industrial Holdings Ltd. Soros Fund Management LLC Quasar International Partners C.V.
Quantum Industrial Partners LDC George Soros Quasar Strategic Partners LDC
</TABLE>
Common Stock, $.15 Par Value
------------------------------
(Title of Class of Securities)
690020102
-------------------------------------
(CUSIP Number of Class of Securities)
Gary K. Duberstein, Esq.
GREENMARINE ACQUISITION CORP.
277 Park Avenue, 27th Floor
New York, New York 10172
(212) 350-5100
---------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications on Behalf of Bidder)
Copies to:
David E. Zeltner, Esq. Patrick J. Dooley, Esq.
WEIL, GOTSHAL & MANGES LLP AKIN, GUMP, STRAUSS, HAUER & FELD LLP
767 Fifth Avenue 590 Madison Avenue
New York, New York 10153 New York, New York 10022
(212) 310-8000 (212) 872-1000
<PAGE>
CALCULATION OF FILING FEE
- - --------------------------------------------------------------------------------
Transaction Valuation Amount of Filing Fee
$327,995,352* $65,600**
- - --------------------------------------------------------------------------------
/X/ 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: $65,600 Filing Party: Greenmarine Acquisition Corp.
Form or registration no.: 14D-1 Date filed: August 8, 1997
- - ------------
* Pursuant to, and as provided by, Rule 0-11(d), and for the purpose of
calculating filing fees only, this amount assumes the purchase at $18.00
cash per share of 18,221,964 shares of the common stock of the Subject
Company, par value $0.15 per share ("Shares"), which is equal to the total
number of Shares outstanding as reported in the Quarterly Report on Form
10-Q of Outboard Marine Corporation for the quarter ended June 30, 1997,
less 2,000,000 Shares owned beneficially by Bidders and their affiliates.
** 1/50 of 1% of Transaction Valuation.
================================================================================
<PAGE>
CUSIP No. 690020102 14D-1 Page of Pages
---- -----
- - --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS GREENLAKE HOLDINGS LLC
S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSONS
- - --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/
(b) / /
- - --------------------------------------------------------------------------------
3. SEC USE ONLY
- - --------------------------------------------------------------------------------
4. SOURCE OF FUNDS OO
- - --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(E) OR 2(F) / /
- - --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- - --------------------------------------------------------------------------------
7. SOLE VOTING POWER 0
--------------------------------------------------------------
NUMBER OF
SHARES
BENEFICIALLY 8. SHARED VOTING POWER 2,000,000
OWNED BY
EACH --------------------------------------------------------------
REPORTING
PERSON WITH
9. SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 2,000,000
- - --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 2,000,000
- - --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- - --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 9.9%
- - --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON OO
- - --------------------------------------------------------------------------------
2
<PAGE>
CUSIP No. 690020102 14D-1 Page of Pages
---- -----
- - --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS GREENWAY PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION 13-3714238
NO. OF ABOVE PERSONS
- - --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/
(b) / /
- - --------------------------------------------------------------------------------
3. SEC USE ONLY
- - --------------------------------------------------------------------------------
4. SOURCE OF FUNDS N/A
- - --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(E) OR 2(F) / /
- - --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- - --------------------------------------------------------------------------------
7. SOLE VOTING POWER 0
--------------------------------------------------------------
NUMBER OF
SHARES
BENEFICIALLY 8. SHARED VOTING POWER 0
OWNED BY
EACH --------------------------------------------------------------
REPORTING
PERSON WITH
9. SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 0
- - --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 0
- - --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- - --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0
- - --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
- - --------------------------------------------------------------------------------
3
<PAGE>
CUSIP No. 690020102 14D-1 Page of Pages
---- -----
- - --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS GREENTREE PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION 13-3752875
NO. OF ABOVE PERSONS
- - --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/
(b) / /
- - --------------------------------------------------------------------------------
3. SEC USE ONLY
- - --------------------------------------------------------------------------------
4. SOURCE OF FUNDS N/A
- - --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(E) OR 2(F) / /
- - --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- - --------------------------------------------------------------------------------
7. SOLE VOTING POWER 0
--------------------------------------------------------------
NUMBER OF
SHARES
BENEFICIALLY 8. SHARED VOTING POWER 0
OWNED BY
EACH --------------------------------------------------------------
REPORTING
PERSON WITH
9. SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 0
- - --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 0
- - --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- - --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0
- - --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
- - --------------------------------------------------------------------------------
4
<PAGE>
CUSIP No. 690020102 14D-1 Page of Pages
---- -----
- - --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS GREENHOUSE PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION 13-3793447
NO. OF ABOVE PERSONS
- - --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/
(b) / /
- - --------------------------------------------------------------------------------
3. SEC USE ONLY
- - --------------------------------------------------------------------------------
4. SOURCE OF FUNDS N/A
- - --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(E) OR 2(F) / /
- - --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- - --------------------------------------------------------------------------------
7. SOLE VOTING POWER 0
--------------------------------------------------------------
NUMBER OF
SHARES
BENEFICIALLY 8. SHARED VOTING POWER 0
OWNED BY
EACH --------------------------------------------------------------
REPORTING
PERSON WITH
9. SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 0
- - --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 0
- - --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- - --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0
- - --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
- - --------------------------------------------------------------------------------
5
<PAGE>
CUSIP No. 690020102 14D-1 Page of Pages
---- -----
- - --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS GREENHUT, L.L.C.
S.S. OR I.R.S. IDENTIFICATION 13-3793450
NO. OF ABOVE PERSONS
- - --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/
(b) / /
- - --------------------------------------------------------------------------------
3. SEC USE ONLY
- - --------------------------------------------------------------------------------
4. SOURCE OF FUNDS N/A
- - --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(E) OR 2(F) / /
- - --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- - --------------------------------------------------------------------------------
7. SOLE VOTING POWER 0
--------------------------------------------------------------
NUMBER OF
SHARES
BENEFICIALLY 8. SHARED VOTING POWER 0
OWNED BY
EACH --------------------------------------------------------------
REPORTING
PERSON WITH
9. SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 0
- - --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 0
- - --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- - --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0
- - --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON OO
- - --------------------------------------------------------------------------------
6
<PAGE>
CUSIP No. 690020102 14D-1 Page of Pages
---- -----
- - --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS GREENBELT CORP.
S.S. OR I.R.S. IDENTIFICATION 13-3791931
NO. OF ABOVE PERSONS
- - --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/
(b) / /
- - --------------------------------------------------------------------------------
3. SEC USE ONLY
- - --------------------------------------------------------------------------------
4. SOURCE OF FUNDS N/A
- - --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(E) OR 2(F) / /
- - --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- - --------------------------------------------------------------------------------
7. SOLE VOTING POWER 0
--------------------------------------------------------------
NUMBER OF
SHARES
BENEFICIALLY 8. SHARED VOTING POWER 0
OWNED BY
EACH --------------------------------------------------------------
REPORTING
PERSON WITH
9. SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 0
- - --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 0
- - --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- - --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0
- - --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO
- - --------------------------------------------------------------------------------
7
<PAGE>
CUSIP No. 690020102 14D-1 Page of Pages
---- -----
- - --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS GREENSEA OFFSHORE, L.P.
S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSONS
- - --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/
(b) / /
- - --------------------------------------------------------------------------------
3. SEC USE ONLY
- - --------------------------------------------------------------------------------
4. SOURCE OF FUNDS N/A
- - --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(E) OR 2(F) / /
- - --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands
- - --------------------------------------------------------------------------------
7. SOLE VOTING POWER 0
--------------------------------------------------------------
NUMBER OF
SHARES
BENEFICIALLY 8. SHARED VOTING POWER 0
OWNED BY
EACH --------------------------------------------------------------
REPORTING
PERSON WITH
9. SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 0
- - --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 0
- - --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- - --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0
- - --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
- - --------------------------------------------------------------------------------
8
<PAGE>
CUSIP No. 690020102 14D-1 Page of Pages
---- -----
- - --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS GREENHUT OVERSEAS, L.L.C.
S.S. OR I.R.S. IDENTIFICATION 13-3868906
NO. OF ABOVE PERSONS
- - --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/
(b) / /
- - --------------------------------------------------------------------------------
3. SEC USE ONLY
- - --------------------------------------------------------------------------------
4. SOURCE OF FUNDS N/A
- - --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(E) OR 2(F) / /
- - --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- - --------------------------------------------------------------------------------
7. SOLE VOTING POWER 0
--------------------------------------------------------------
NUMBER OF
SHARES
BENEFICIALLY 8. SHARED VOTING POWER 0
OWNED BY
EACH --------------------------------------------------------------
REPORTING
PERSON WITH
9. SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 0
- - --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 0
- - --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- - --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0
- - --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON OO
- - --------------------------------------------------------------------------------
9
<PAGE>
CUSIP No. 690020102 14D-1 Page of Pages
---- -----
- - --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS ALFRED D. KINGSLEY
S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSONS
- - --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/
(b) / /
- - --------------------------------------------------------------------------------
3. SEC USE ONLY
- - --------------------------------------------------------------------------------
4. SOURCE OF FUNDS OO
- - --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(E) OR 2(F) / /
- - --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION United States
- - --------------------------------------------------------------------------------
7. SOLE VOTING POWER 0
--------------------------------------------------------------
NUMBER OF
SHARES
BENEFICIALLY 8. SHARED VOTING POWER 2,000,000
OWNED BY
EACH --------------------------------------------------------------
REPORTING
PERSON WITH
9. SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 2,000,000
- - --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 2,000,000
- - --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- - --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 9.9%
- - --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON IN
- - --------------------------------------------------------------------------------
10
<PAGE>
CUSIP No. 690020102 14D-1 Page of Pages
---- -----
- - --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS GARY K. DUBERSTEIN
S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSONS
- - --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/
(b) / /
- - --------------------------------------------------------------------------------
3. SEC USE ONLY
- - --------------------------------------------------------------------------------
4. SOURCE OF FUNDS OO
- - --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(E) OR 2(F) / /
- - --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION United States
- - --------------------------------------------------------------------------------
7. SOLE VOTING POWER 0
--------------------------------------------------------------
NUMBER OF
SHARES
BENEFICIALLY 8. SHARED VOTING POWER 2,000,000
OWNED BY
EACH --------------------------------------------------------------
REPORTING
PERSON WITH
9. SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 2,000,000
- - --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 2,000,000
- - --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- - --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 9.9%
- - --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON IN
- - --------------------------------------------------------------------------------
11
<PAGE>
CUSIP No. 690020102 14D-1 Page of Pages
---- -----
- - --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS GREENMARINE HOLDINGS LLC
S.S. OR I.R.S. IDENTIFICATION 13-3960749
NO. OF ABOVE PERSONS
- - --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/
(b) / /
- - --------------------------------------------------------------------------------
3. SEC USE ONLY
- - --------------------------------------------------------------------------------
4. SOURCE OF FUNDS AF
- - --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(E) OR 2(F) / /
- - --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- - --------------------------------------------------------------------------------
7. SOLE VOTING POWER 0
--------------------------------------------------------------
NUMBER OF
SHARES
BENEFICIALLY 8. SHARED VOTING POWER 0
OWNED BY
EACH --------------------------------------------------------------
REPORTING
PERSON WITH
9. SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 0
- - --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 0
- - --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- - --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0
- - --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON OO
- - --------------------------------------------------------------------------------
12
<PAGE>
CUSIP No. 690020102 14D-1 Page of Pages
---- -----
- - --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS GREENMARINE ACQUISITION CORP.
S.S. OR I.R.S. IDENTIFICATION 13-3960743
NO. OF ABOVE PERSONS
- - --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) /X/
(b) / /
- - --------------------------------------------------------------------------------
3. SEC USE ONLY
- - --------------------------------------------------------------------------------
4. SOURCE OF FUNDS OO, BF
- - --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(E) OR 2(F) / /
- - --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- - --------------------------------------------------------------------------------
7. SOLE VOTING POWER 0
--------------------------------------------------------------
NUMBER OF
SHARES
BENEFICIALLY 8. SHARED VOTING POWER 0
OWNED BY
EACH --------------------------------------------------------------
REPORTING
PERSON WITH
9. SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 0
- - --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 0
- - --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- - --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0
- - --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO
- - --------------------------------------------------------------------------------
13
<PAGE>
CUSIP No. 690020102 14D-1 Page of Pages
---- -----
- - --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS QUANTUM INDUSTRIAL HOLDINGS LTD.
S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSONS
- - --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /x/
- - --------------------------------------------------------------------------------
3. SEC USE ONLY
- - --------------------------------------------------------------------------------
4. SOURCE OF FUNDS OO
- - --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(E) OR 2(F) / /
- - --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands
- - --------------------------------------------------------------------------------
7. SOLE VOTING POWER 0
--------------------------------------------------------------
NUMBER OF
SHARES
BENEFICIALLY 8. SHARED VOTING POWER 0
OWNED BY
EACH --------------------------------------------------------------
REPORTING
PERSON WITH
9. SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 0
- - --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 0
- - --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- - --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0
- - --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO
- - --------------------------------------------------------------------------------
14
<PAGE>
CUSIP No. 690020102 14D-1 Page of Pages
---- -----
- - --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS QUANTUM INDUSTRIAL PARTNERS LDC
S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSONS
- - --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
- - --------------------------------------------------------------------------------
3. SEC USE ONLY
- - --------------------------------------------------------------------------------
4. SOURCE OF FUNDS WC
- - --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(E) OR 2(F) / /
- - --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands
- - --------------------------------------------------------------------------------
7. SOLE VOTING POWER 0
--------------------------------------------------------------
NUMBER OF
SHARES
BENEFICIALLY 8. SHARED VOTING POWER 0
OWNED BY
EACH --------------------------------------------------------------
REPORTING
PERSON WITH
9. SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 0
- - --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 0
- - --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- - --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0
- - --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON OO; IV
- - --------------------------------------------------------------------------------
15
<PAGE>
CUSIP No. 690020102 14D-1 Page of Pages
---- -----
- - --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS QIH MANAGEMENT INVESTOR, L.P.
S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSONS
- - --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
- - --------------------------------------------------------------------------------
3. SEC USE ONLY
- - --------------------------------------------------------------------------------
4. SOURCE OF FUNDS OO
- - --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(E) OR 2(F) / /
- - --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- - --------------------------------------------------------------------------------
7. SOLE VOTING POWER 0
--------------------------------------------------------------
NUMBER OF
SHARES
BENEFICIALLY 8. SHARED VOTING POWER 0
OWNED BY
EACH --------------------------------------------------------------
REPORTING
PERSON WITH
9. SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 0
- - --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 0
- - --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- - --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0
- - --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN; IA
- - --------------------------------------------------------------------------------
16
<PAGE>
CUSIP No. 690020102 14D-1 Page of Pages
---- -----
- - --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS QIH MANAGEMENT, INC.
S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSONS
- - --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
- - --------------------------------------------------------------------------------
3. SEC USE ONLY
- - --------------------------------------------------------------------------------
4. SOURCE OF FUNDS OO
- - --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(E) OR 2(F) / /
- - --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- - --------------------------------------------------------------------------------
7. SOLE VOTING POWER 0
--------------------------------------------------------------
NUMBER OF
SHARES
BENEFICIALLY 8. SHARED VOTING POWER 0
OWNED BY
EACH --------------------------------------------------------------
REPORTING
PERSON WITH
9. SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 0
- - --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 0
- - --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- - --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0
- - --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO
- - --------------------------------------------------------------------------------
17
<PAGE>
CUSIP No. 690020102 14D-1 Page of Pages
---- -----
- - --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS SOROS FUND MANAGEMENT LLC
S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSONS
- - --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
- - --------------------------------------------------------------------------------
3. SEC USE ONLY
- - --------------------------------------------------------------------------------
4. SOURCE OF FUNDS OO
- - --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(E) OR 2(F) / /
- - --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- - --------------------------------------------------------------------------------
7. SOLE VOTING POWER 0
--------------------------------------------------------------
NUMBER OF
SHARES
BENEFICIALLY 8. SHARED VOTING POWER 0
OWNED BY
EACH --------------------------------------------------------------
REPORTING
PERSON WITH
9. SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 0
- - --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 0
- - --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- - --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0
- - --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON OO; IA
- - --------------------------------------------------------------------------------
18
<PAGE>
CUSIP No. 690020102 14D-1 Page of Pages
---- -----
- - --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS MR. GEORGE SOROS
S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSONS
- - --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
- - --------------------------------------------------------------------------------
3. SEC USE ONLY
- - --------------------------------------------------------------------------------
4. SOURCE OF FUNDS OO
- - --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(E) OR 2(F) / /
- - --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION United States
- - --------------------------------------------------------------------------------
7. SOLE VOTING POWER 0
--------------------------------------------------------------
NUMBER OF
SHARES
BENEFICIALLY 8. SHARED VOTING POWER 0
OWNED BY
EACH --------------------------------------------------------------
REPORTING
PERSON WITH
9. SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 0
- - --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 0
- - --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- - --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0
- - --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON IA
- - --------------------------------------------------------------------------------
19
<PAGE>
CUSIP No. 690020102 14D-1 Page of Pages
---- -----
- - --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS MR. STANLEY F. DRUCKENMILLER
S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSONS
- - --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
- - --------------------------------------------------------------------------------
3. SEC USE ONLY
- - --------------------------------------------------------------------------------
4. SOURCE OF FUNDS OO
- - --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(E) OR 2(F) / /
- - --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION United States
- - --------------------------------------------------------------------------------
7. SOLE VOTING POWER 0
--------------------------------------------------------------
NUMBER OF
SHARES
BENEFICIALLY 8. SHARED VOTING POWER 0
OWNED BY
EACH --------------------------------------------------------------
REPORTING
PERSON WITH
9. SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 0
- - --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 0
- - --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- - --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0
- - --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON IA
- - --------------------------------------------------------------------------------
20
<PAGE>
CUSIP No. 690020102 14D-1 Page of Pages
---- -----
- - --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS QUASAR INTERNATIONAL FUND N.V.
S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSONS
- - --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
- - --------------------------------------------------------------------------------
3. SEC USE ONLY
- - --------------------------------------------------------------------------------
4. SOURCE OF FUNDS OO
- - --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(E) OR 2(F) / /
- - --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Netherlands Antilles
- - --------------------------------------------------------------------------------
7. SOLE VOTING POWER 0
--------------------------------------------------------------
NUMBER OF
SHARES
BENEFICIALLY 8. SHARED VOTING POWER 0
OWNED BY
EACH --------------------------------------------------------------
REPORTING
PERSON WITH
9. SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 0
- - --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 0
- - --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- - --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0
- - --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO
- - --------------------------------------------------------------------------------
21
<PAGE>
CUSIP No. 690020102 14D-1 Page of Pages
---- -----
- - --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS QUASAR INTERNATIONAL PARTNERS C.V.
S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSONS
- - --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
- - --------------------------------------------------------------------------------
3. SEC USE ONLY
- - --------------------------------------------------------------------------------
4. SOURCE OF FUNDS OO
- - --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(E) OR 2(F) / /
- - --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Netherlands Antilles
- - --------------------------------------------------------------------------------
7. SOLE VOTING POWER 0
--------------------------------------------------------------
NUMBER OF
SHARES
BENEFICIALLY 8. SHARED VOTING POWER 0
OWNED BY
EACH --------------------------------------------------------------
REPORTING
PERSON WITH
9. SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 0
- - --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 0
- - --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- - --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0
- - --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
- - --------------------------------------------------------------------------------
22
<PAGE>
CUSIP No. 690020102 14D-1 Page of Pages
---- -----
- - --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS QUASAR STRATEGIC PARTNERS LDC
S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSONS
- - --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
- - --------------------------------------------------------------------------------
3. SEC USE ONLY
- - --------------------------------------------------------------------------------
4. SOURCE OF FUNDS AF
- - --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(E) OR 2(F) / /
- - --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands
- - --------------------------------------------------------------------------------
7. SOLE VOTING POWER 0
--------------------------------------------------------------
NUMBER OF
SHARES
BENEFICIALLY 8. SHARED VOTING POWER 0
OWNED BY
EACH --------------------------------------------------------------
REPORTING
PERSON WITH
9. SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 0
- - --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 0
- - --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- - --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 0
- - --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON OO; IV
- - --------------------------------------------------------------------------------
23
<PAGE>
This Amendment No. 2 amends and supplements the Tender Offer Statement on
Schedule 14D-1 filed with the Securities and Exchange Commission on August 8,
1997 (as heretofore amended, the "Schedule 14D-1") relating to the offer by
Greenmarine Acquisition Corp., a Delaware corporation (the "Purchaser") and a
wholly owned subsidiary of Greenmarine Holdings LLC, a Delaware limited
liability company ("Parent"), the members of which are Quasar Strategic
Partners LDC, a Cayman Islands limited duration company ("QSP"), Quantum
Industrial Partners LDC, a Cayman Islands limited duration company ("QIP"), and
Greenlake Holdings LLC, a Delaware limited liability company ("Greenlake"), to
purchase all outstanding shares of common stock, $0.15 par value per share (the
"Shares") of Outboard Marine Corporation, a Delaware corporation (the
"Company"), including the associated preferred stock purchase rights (the
"Rights") issued pursuant to the Rights Agreement, dated as of April 24, 1996
(as amended, the "Rights Agreement"), by and between the Company and First
Chicago Trust Company of New York, as Rights Agent, at $18 per Share, net to
the seller in cash, upon the terms and subject to the conditions set forth in
the Offer to Purchase dated August 8, 1997 (the "Offer to Purchase") and in the
related Letter of Transmittal (which together constitute the "Offer"). The
Purchaser, the Parent, QSP, QIP, and Greenlake are referred to collectively
herein as the "Reporting Persons". This Amendment also constitutes Amendment
No. 5 to the Statement on Schedule 13D previously filed by Greenway Partners,
L.P., a Delaware limited partnership, Greentree Partners, L.P., a Delaware
limited partnership, Greenhouse Partners, L.P., a Delaware limited partnership,
Greenhut, LLC, a Delaware limited liability company, Greenbelt Corp., a
Delaware corporation, Greensea Offshore, L.P., a Cayman Islands limited
partnership, Greenhut Overseas, L.L.C., a Delaware limited liability company
(collectively, the "Transferors"), Alfred D. Kingsley and Gary K. Duberstein.
The Transferors transferred beneficial ownership of all of their Shares, which
in the aggregate constituted 2,000,000 Shares, to Greenlake, which Shares may
be deemed to be beneficially owned by Messrs. Kingsley and Duberstein who, with
Greenlake, constitute the "Greenlake Group". Because the Transferors no longer
own beneficially any Shares, this Amendment No. 5 to such Schedule 13D
constitutes the final amendment thereto with respect to the Transferors. In
addition, this Amendment constitutes Amendment No. 2 to the Statement on
Schedule 13D by Parent, Purchaser, QSP, QIP, Quantum Industrial Holdings Ltd.,
a British Virgin Islands corporation, QIH Management Investor, L.P., a Delaware
limited partnership, QIH Management Inc., a Delaware corporation, Soros Fund
Management LLC, a Delaware limited liability company, Quasar International Fund
N.V., a Netherlands Antilles limited liability corporation, Quasar
International Partners C.V., a Netherlands Antilles limited partnership, George
Soros and Stanley F. Druckenmiller, who may be deemed to be part of a group,
for purposes of Schedule 13D, with the Greenlake Group by virtue of the
contractual arrangements relating to the formation of Parent and Purchaser and
the Offer, as more fully described or incorporated by reference into this
Schedule 14D-1; however, none of such persons affirms the existence of any such
group. The item numbers and responses thereto below are in accordance with the
requirements of Schedule 14D-1.
Information relating to members of the Greenlake Group in this Schedule
14D-1 and the related Offer to Purchase has been provided by Greenlake Holdings
LLC. Information relating to persons other than the Greenlake Group in this
Schedule 14D-1 and the related Offer to Purchase has been provided individually
by such person.
ITEM 3. PAST CONTACTS, TRANSACTIONS OR NEGOTIATIONS WITH THE
SUBJECT COMPANY.
ITEM 5. PURPOSE OF THE TENDER OFFER AND PLANS OR PROPOSALS OF
THE BIDDER.
On August 14, 1997, the Company and Purchaser entered into a
confidentiality agreement (the "Confidentiality Agreement"). The Purchaser has
received certain information from the Company that is subject to the
Confidentiality Agreement. On August 20, 1997, the Purchaser proposed to the
Company that it enter into a merger agreement with the Parent and the Purchaser
in the form of an agreement that was delivered by Purchaser to the Company.
This form of agreement contemplated the Purchaser's Offer for the Shares at
$18.00 per Share and a second-step merger to acquire any remaining Shares at
$18.00 per Share.
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
(C)(2) Joint Filing Agreement, dated August 20, 1997.
24
<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: August 21, 1997 GREENLAKE HOLDINGS LLC
By:/s/ Gary K. Duberstein
-------------------------------
Gary K. Duberstein
Member
GREENWAY PARTNERS, L.P.
By: Greenhouse Partners, L.P.,
its general partner
By:/s/ Gary K. Duberstein
-------------------------------
Gary K. Duberstein
General Partner
GREENTREE PARTNERS, L.P.
By: Greenhut, L.L.C.,
its general partner
By:/s/ Gary K. Duberstein
-------------------------------
Gary K. Duberstein
Member
GREENHOUSE PARTNERS, L.P.
By:/s/ Gary K. Duberstein
-------------------------------
Gary K. Duberstein
General Partner
GREENHUT, L.L.C.
By:/s/ Gary K. Duberstein
-------------------------------
Gary K. Duberstein
Member
GREENBELT CORP.
By:/s/ Alfred D. Kingsley
-------------------------------
Alfred D. Kingsley
President
25
<PAGE>
GREENSEA OFFSHORE, L.P.
By: Greenhut Overseas, L.L.C.,
its investment general partner
By:/s/ Gary K. Duberstein
-------------------------------
Gary K. Duberstein
Member
GREENHUT OVERSEAS, L.L.C.
By:/s/ Gary K. Duberstein
-------------------------------
Gary K. Duberstein
Member
/s/ Alfred D. Kingsley
-------------------------------------
Alfred D. Kingsley
/s/ Gary K. Duberstein
-------------------------------------
Gary K. Duberstein
GREENMARINE HOLDINGS LLC
By:/s/ Gary K. Duberstein
-------------------------------
Gary K. Duberstein
Title: Member
GREENMARINE ACQUISITION CORP.
By:/s/ Gary K. Duberstein
-------------------------------
Gary K. Duberstein
Title: Vice-President
QUANTUM INDUSTRIAL HOLDINGS LTD.
By:/s/ Michael C. Neus
-------------------------------
Michael C. Neus
Attorney-in-Fact
QUANTUM INDUSTRIAL PARTNERS LDC
By:/s/ Michael C. Neus
-------------------------------
Michael C. Neus
Attorney-in-Fact
26
<PAGE>
QIH MANAGEMENT INVESTOR, L.P.
By: QIH Management, Inc.,
its General Partner
By:/s/ Michael C. Neus
-------------------------------
Michael C. Neus
Vice President
QIH MANAGEMENT, INC.
By:/s/ Michael C. Neus
-------------------------------
Michael C. Neus
Vice President
SOROS FUND MANAGEMENT LLC
By:/s/ Michael C. Neus
-------------------------------
Michael C. Neus
Assistant General Counsel
GEORGE SOROS
By:/s/ Michael C. Neus
-------------------------------
Michael C. Neus
Attorney-in-Fact
STANLEY F. DRUCKENMILLER
By:/s/ Michael C. Neus
-------------------------------
Michael C. Neus
Attorney-in-Fact
QUASAR INTERNATIONAL FUND N.V.
By:/s/ Michael C. Neus
-------------------------------
Michael C. Neus
Attorney-in-Fact
QUASAR INTERNATIONAL PARTNERS C.V.
By:/s/ Michael C. Neus
-------------------------------
Michael C. Neus
Attorney-in-Fact
QUASAR STRATEGIC PARTNERS LDC
By:/s/ Michael C. Neus
-------------------------------
Michael C. Neus
Attorney-in-Fact
27
<PAGE>
EXHIBIT INDEX
Exhibit Description Page No.
- - --------- ------------------------------------------ ---------
(C)(2) Joint Filing Agreement, dated August 20,
1997
<PAGE>
JOINT FILING AGREEMENT
In accordance with Rule 13d-l(f) under the Securities Exchange Act
of 1934 as amended, the persons named below agree to the joint filing on behalf
of each of them of a statement on Schedule 13D (including amendments thereto)
with respect to the common stock, par value $0.15 per share, of Outboard Marine
Corporation, and further agree that this Joint Filing Agreement be included as
an Exhibit to such joint filing. In evidence thereof, the undersigned, hereby
execute this Agreement this 20th day of August, 1997.
GREENMARINE HOLDINGS LLC
By: /s/ Gary K. Duberstein
-------------------------------
Gary K. Duberstein
Title: Member
GREENMARINE ACQUISITION CORP.
By: /s/ Gary K. Duberstein
-------------------------------
Gary K. Duberstein
Title: Vice-President
QUANTUM INDUSTRIAL HOLDINGS LTD.
By: /s/ Michael C. Neus
-------------------------------
Michael C. Neus
Attorney-in-Fact
<PAGE>
QUANTUM INDUSTRIAL PARTNERS LDC
By: /s/ Michael C. Neus
-------------------------------
Michael C. Neus
Attorney-in-Fact
QIH MANAGEMENT INVESTOR, L.P.
By: QIH Management, Inc.,
its General Partner
By: /s/ Michael C. Neus
-------------------------------
Michael C. Neus
Vice President
QIH MANAGEMENT, INC.
By: /s/ Michael C. Neus
-------------------------------
Michael C. Neus
Vice President
SOROS FUND MANAGEMENT LLC
By: /s/ Michael C. Neus
-------------------------------
Michael C. Neus
Assistant General Counsel
GEORGE SOROS
2
<PAGE>
By: /s/ Michael C. Neus
-------------------------------
Michael C. Neus
Attorney-in-Fact
STANLEY F. DRUCKENMILLER
By: /s/ Michael C. Neus
-------------------------------
Michael C. Neus
Attorney-in-Fact
QUASAR INTERNATIONAL FUND N.V.
By: /s/ Michael C. Neus
-------------------------------
Michael C. Neus
Attorney-in-Fact
QUASAR INTERNATIONAL PARTNERS C.V.
By: /s/ Michael C. Neus
-------------------------------
Michael C. Neus
Attorney-in-Fact
QUASAR STRATEGIC PARTNERS LDC
By: /s/ Michael C. Neus
-------------------------------
Michael C. Neus
Attorney-in-Fact
GREENLAKE HOLDINGS LLC
By: /s/ Gary K. Duberstein
-------------------------------
Gary K. Duberstein
Member
3
<PAGE>
/s/ Alfred D. Kingsley
-------------------------------
Alfred D. KingsleY
/s/ Gary K. Duberstein
-------------------------------
Gary K. Duberstein
GREENWAY PARTNERS, L.P.
By: Greenhouse Partners, L.P.
its general partner
By: /s/ Gary K. Duberstein
-------------------------------
Gary K. Duberstein
General Partner
GREENTREE PARTNERS, L.P.
By: Greenhut, L.L.C.,
its general partner
By: /s/ Gary K. Duberstein
-------------------------------
Gary K. Duberstein
Member
GREENHOUSE PARTNERS, L.P.
By: /s/ Gary K. Duberstein
-------------------------------
Gary K. Duberstein
General Partner
GREENHUT, L.L.C.
By: /s/ Gary K. Duberstein
-------------------------------
Gary K. Duberstein
Member
GREENBELT CORP.
By: /s/ Alfred D. Kingsley
-------------------------------
Alfred D. Kingsley
President
GREENSEA OFFSHORE, L.P.
By: Greenhut Overseas, L.L.C.,
its investment general partner
By: /s/ Gary K. Duberstein
-------------------------------
Gary K. Duberstein
Member
GREENHUT OVERSEAS, L.L.C.
By: /s/ Gary K. Duberstein
-------------------------------
Gary K. Duberstein
Member
4
