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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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
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Filed by the registrant [ ]
Filed by a party other than the registrant [X]
Check the appropriate box:
[ ]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
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DEL WEBB CORPORATION
(Name of Registrant as Specified In Its Charter)
J.F. SHEA CO., INC.
(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)(4) and 0-11.
[ ] 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.
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NEWS RELEASE
CONTACTS:
Bruce Varker
J.F. Shea Co., Inc.
909/598-1841
or
Stanley J. Kay
MacKenzie Partners, Inc.
212/929-5940
FOR IMMEDIATE RELEASE:
November 2, 2000 - Walnut, CA - J.F. Shea Co., Inc. today announced that as
previously indicated, its proposal to acquire all of the outstanding common
stock of Del Webb Corp. (NYSE: WBB) for $30 per share, subject to limited
confirmatory due diligence, has lapsed effective November 2, 2000.
Shea noted that its financial advisors have had an informative discussion with
Del Webb's financial advisors. John F. Shea, President and Chief Executive
Officer, stated, "We would welcome further constructive dialogue."
The following persons may be deemed to be "participants" in the proxy
solicitation under the federal securities laws: J.F. Shea, John F. Shea,
President and Chief Executive Officer and a principal shareholder of J.F. Shea,
and Bruce J. Varker, Executive Vice President of Finance and Planning of J.F.
Shea, Roy Humphries, President and Chief Executive Officer of Shea Homes,
Batchelder & Partners, Inc., financial adviser to J.F. Shea, David H.
Batchelder, Chairman and Chief Executive Officer, Batchelder & Partners, Inc.,
Joel L. Reed, President and Chief Operating Officer of Batchelder & Partners,
Inc., Kathleen D. Scott, Partner of Batchelder & Partners, Inc., and Ralph V.
Whitworth, Partner of Batchelder & Partners, Inc. The participants' interests in
the solicitation are described in the proxy statement, which can be obtained as
set forth above.
J.F. Shea Co., Inc. together with its affiliates and subsidiaries is one of the
nation's largest builders and developers of master planned communities, homes,
apartments, offices, industrial parks and neighborhood and community shopping
centers and also operates as a civil infrastructure contractor and venture
capital investor. The company is privately owned and has been in business for
over 120 years. Shea's growth has been both internal and through acquisitions,
including the 1997 acquisition of Mission Viejo Company and the 1998 acquisition
of UDC Homes, Inc. with a combined transaction value of approximately $940
million. Further information may be obtained by visiting J.F. Shea's website at
www.jfshea.com.
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