<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. __ )/1/
Balance Bar Company
----------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
----------------------------------------------
(Title of Class of Securities)
057623100
----------------------------------------------
(CUSIP Number)
William J. Eichar
Kraft Foods, Inc.
Three Lakes Drive
Northfield, IL 60093
Copy to:
Michael G. Timmers
Kirkland & Ellis
200 East Randolph Drive
Chicago, IL 60601
312-261-2000
(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
January 21, 2000
(Date of Event which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box [_].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
/1/ The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the Notes).
Page 1 of 6 Pages
<PAGE>
- ----------------------- ---------------------
CUSIP No. 057623100 13D Page 2 of 6 Pages
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
BB Acquisition, Inc.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
AF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) or 2(E) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
6,999,718/1/
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
6,999,718/1/
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
6,999,718
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
54.8%/2/
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ----------------
/1/ Includes 6,999,718 shares of common stock of Balance Bar Company, $0.01
par value per share, that are subject to Support Agreements, as described in the
Schedule TO (which is defined herein). The reporting person may be deemed to
beneficially own such shares pursuant to the Support Agreements which provide,
among other things, that the record holders of such shares (i) will tender the
shares pursuant to the offer by BB Acquisition, Inc. which is the subject of
this filing and (ii) grant to Kraft Foods, Inc. an irrevocable proxy to vote
such shares under certain circumstances.
/2/ Based upon 12,646,276 shares outstanding at January 21,2000, as represented
by Balance Bar Company in the Merger Agreement described in the Schedule TO,
plus 133,442 shares issuable upon vested options which are subject to the
Support Agreement.
<PAGE>
- ----------------------- ---------------------
CUSIP No. 057623100 13D Page 3 of 6 Pages
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
Kraft Foods, Inc.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
AF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) or 2(E) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
6,999,718/1/
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
6,999,718/1/
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
6,999,718
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
54.8%/2/
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ----------------
/1/ Includes 6,999,718 shares of common stock of Balance Bar Company, $0.01
par value per share, that are subject to Support Agreements, as described in the
Schedule TO (which is defined herein). The reporting person may be deemed to
beneficially own such shares pursuant to the Support Agreements which provide,
among other things, that the record holders of such shares (i) will tender the
shares pursuant to the offer by BB Acquisition, Inc. which is the subject of
this filing and (ii) grant to Kraft Foods, Inc. an irrevocable proxy to vote
such shares under certain circumstances.
/2/ Based upon 12,646,276 shares outstanding at January 21,2000, as represented
by Balance Bar Company in the Merger Agreement described in the Schedule TO,
plus 133,442 shares issuable upon vested options which are subject to the
Support Agreement.
<PAGE>
- ----------------------- ---------------------
CUSIP No. 057623100 13D Page 4 of 6 Pages
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
Philip Morris Companies Inc.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) or 2(E) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Virginia
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
6,999,718/1/
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
6,999,718/1/
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
6,999,718
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
54.8%/2/
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- ----------------
/1/ Includes 6,999,718 shares of common stock of Balance Bar Company, $0.01 par
value per share, that are subject to Support Agreements, as described in the
Schedule TO (which is defined herein). The reporting person may be deemed to
beneficially own such shares pursuant to the Support Agreements which provide,
among other things, that the record holders of such shares (i) will tender the
shares pursuant to the offer by BB Acquisition, Inc. which is the subject of
this filing and (ii) grant to Kraft Foods, Inc. an irrevocable proxy to vote
such shares under certain circumstances.
/2/ Based upon 12,646,276 shares outstanding at January 21,2000, as represented
by Balance Bar Company in the Merger Agreement described in the Schedule TO,
plus 133,442 shares issuable upon vested options which are subject to the
Support Agreement.
<PAGE>
Item 1. Security and Issuer.
This Schedule 13D Statement (this "Statement") relates to the common stock,
par value $.01 per share ("Common Stock"), of Balance Bar Company, a Delaware
corporation (the "Issuer"). The address of the Issuer's principal executive
offices is 1015 Mark Avenue, Carpinteria, California 93013.
Item 2. Identity and Background.
This Statement is being jointly filed by each of the following persons
pursuant to Rule 13d-1(f) promulgated by the Securities and Exchange Commission
(the "Commission") pursuant to Section 13 of the Securities Exchange Act of 1934
as amended (the "Exchange Act"):
(i) BB Acquisition, Inc. ("Acquisition"), a Delaware corporation and a direct
wholly owned subsidiary of Kraft Foods, Inc;
(ii) Kraft Foods, Inc. ("Kraft"), a Delaware corporation, by virtue of its
direct beneficial ownership of 6,999,718 shares of Common Stock; and
(iii) Philip Morris Companies Inc. ("Philip Morris"), a Virginia corporation, as
the Parent Corporation of Kraft;
Acquisition, Kraft and Philip Morris are collectively referred herein as
the "Reporting Persons." Information with respect to each of the Reporting
Persons is given solely by such Reporting Person, and no Reporting Person
assumes responsibility for the accuracy or completeness of information furnished
by any other Reporting Person. By their signature on this Statement, each of the
Reporting Persons agrees that this Statement is filed on behalf of such
Reporting Person.
The Reporting Persons may be deemed to constitute a "group" for purposes of
Section 13(d)(3) of the Exchange Act.
The information set forth in Item 3 of the Company's Schedule TO, dated
January 28, 2000 and filed with the Securities and Exchange Commission on
January 28, 2000 (the "Schedule TO"), is incorporated by reference herein.
Item 3. Source and Amount of Funds or Other Consideration.
The information set forth in Item 7 of the Schedule TO is incorporated by
reference herein.
Item 4. Purpose of Transaction.
The information set forth in Item 6 of the Schedule TO is incorporated by
reference herein.
Item 5. Interest in Securities of the Issuer.
The information set forth in Item 8 of the Schedule TO is incorporated
by reference herein.
Item 6. Contracts, Arrangements, Understandings of Relationships With
Respect to Securities of the Issuer.
The information set forth in Item 5 of the Schedule TO is incorporated by
reference herein.
Item 7. Material to be filed as Exhibits.
The information set forth in Item 12 of the Schedule TO is incorporated by
reference herein.
Page 5 of 6 Pages
<PAGE>
SIGNATURES
----------
After reasonable 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.
BB Acquisition, Inc.
By: /s/ William Eichar
-----------------------------------------
Name: William Eichar
---------------------------------------
Title: President
--------------------------------------
KRAFT FOODS, INC.
By: /s/ William Eichar
-----------------------------------------
Name: William Eichar
---------------------------------------
Title: Vice President, Mergers & Acquisitions
--------------------------------------
PHILIP MORRIS COMPANIES INC.
By: /s/ G. Penn Holsenbeck
-------------------------------------------
Name: G. Penn Holsenbeck
-----------------------------------------
Title: Vice President, Associate General Counsel
----------------------------------------
& Corporate Secretary
Dated: January 31, 2000
Page 6 of 6 Pages
