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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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AMENDMENT NO. 1
TO
SCHEDULE 14D-1
TENDER OFFER STATEMENT PURSUANT TO SECTION 14(d)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
AND TO
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
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BLESSINGS CORPORATION
(NAME OF SUBJECT COMPANY)
VA ACQUISITION CORP.
HUNTSMAN PACKAGING CORPORATION
(BIDDERS)
COMMON STOCK, PAR VALUE $.71 PER SHARE
(TITLE OF CLASS OF SECURITIES)
093532109
(CUSIP NUMBER OF CLASS OF SECURITIES)
RICHARD P. DURHAM
HUNTSMAN PACKAGING CORPORATION
500 HUNTSMAN WAY
SALT LAKE CITY, UTAH 84108
(801) 532-5200
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO
RECEIVE NOTICES AND COMMUNICATIONS ON BEHALF OF BIDDERS)
Copy to:
JOHN L. MACCARTHY, ESQ.
WINSTON & STRAWN
35 WEST WACKER DRIVE
SUITE 4200
CHICAGO, ILLINOIS 60601
(312) 558-5600
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CUSIP No. 093532109
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1. NAME OF REPORTING PERSONS:
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
VA Acquisition Corp. (87-0579748)
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
BK, AF
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5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(e) OR 2(f)
/ /
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
5,925,072*
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8. CHECK IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN
SHARES
/ /
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9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
Approximately 57.3% (fully diluted)
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10. TYPE OF REPORTING PERSON
CO
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* See footnote on following page.
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CUSIP No. 093532109
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1. NAME OF REPORTING PERSONS:
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Huntsman Packaging Corporation (87-0496065)
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
BK
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5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(e) OR 2(f)
/ /
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Utah
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7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
5,925,072*
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8. CHECK IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN
SHARES
/ /
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9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
Approximately 57.3% (fully diluted)
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10. TYPE OF REPORTING PERSON
CO
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*On April 7, 1998, Huntsman Packaging Corporation ("Parent") and VA
Acquisition Corp., a wholly-owned subsidiary of Parent (the "Purchaser"),
entered into a Tender Agreement and Irrevocable Proxy (the "Tender Agreement")
with Williamson-Dickie Manufacturing Company and the individuals named therein
(collectively, the "Stockholders"), pursuant to which the Stockholders have
agreed, among other things, to validly tender (and not to withdraw) pursuant to
the Purchaser's tender offer all of the Shares (as defined below) beneficially
owned by each such Stockholder (representing an aggregate of 5,925,072 Shares,
or approximately 57.3% of the Shares of the subject company outstanding as of
March 31, 1998 on a fully diluted basis). Pursuant to the Tender Agreement, each
Stockholder has also irrevocably appointed the Purchaser as the attorney and
proxy of such Stockholder to vote and otherwise act (by written consent or
otherwise) with respect to all Shares that such Stockholder is entitled to vote
at any meeting of stockholders of subject company, subject to certain
limitations and restrictions. The Tender Agreement is described more fully in
Section 12 of the Offer to Purchase dated April 14, 1998 of Parent and the
Purchaser (the "Offer to Purchase").
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TENDER OFFER
This Amendment No.1 to Schedule 14D-1 and to Schedule 13D amends and
supplements the Tender Offer Statement on Schedule 14D-1 (the "Schedule 14D-1")
and the statement on Schedule 13D each originally filed on April 14, 1998 by VA
Acquisition Corp., a Delaware corporation (the "Purchaser"), and wholly-owned
subsidiary of Huntsman Packaging Corporation, a Utah corporation ("Parent"),
with respect to the Purchaser's offer to purchase all of the outstanding shares
of Common Stock, par value $.71 per share (the "Shares"), of Blessings
Corporation, a Delaware corporation (the "Company"), at a price of $21.00 per
share, net to the seller in cash. Unless otherwise defined herein, all
capitalized terms used herein shall have the respective meanings given to such
terms in the Schedule 14D-1.
ITEM 10. ADDITIONAL INFORMATION.
The information set forth in Item 10(f) is hereby amended as follows:
The information set forth in Section 2 ("Acceptance for Payment and Payment
for Shares") of the Offer to Purchase is hereby amended by deleting the phrase
"within the sole discretion of the Purchaser," in the second sentence of the
first paragraph of said Section 2, and by inserting in lieu thereof the phrase
"within the reasonable discretion of the Purchaser,".
The information set forth in Section 8 ("Certain Information Concerning the
Company") of the Offer to Purchase is hereby amended by (i) deleting the clause
"Neither Parent, the Purchaser, the Company nor their respective financial
advisors assume" at the beginning of the sixth sentence of the penultimate
paragraph (in bold) of said Section 8, and by inserting in lieu thereof the
clause "Neither Parent nor the Purchaser assumes", and (ii) deleting the clause
"Neither Parent, the Purchaser, the Company nor any of their financial advisors
has made, or makes, any representation to any person regarding the information
contained in the Projections and none of them" at the beginning of the last
sentence of the penultimate paragraph (in bold) of said Section 8, and by
inserting in lieu thereof the clause "Neither Parent nor the Purchaser has made,
or makes, any representation to any person regarding the information contained
in the Projections and neither Parent, the Purchaser nor the Company".
The information set forth in Section 14 ("Certain Conditions of the Offer")
of the Offer to Purchase is hereby amended by deleting the phrase "(iii) at any
time prior to the acceptance for payment of Shares, " in clause (iii) at the end
of the introductory paragraph of said Section 14, and by inserting in lieu
thereof the phrase "(iii) prior to the Expiration Date,".
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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: April 21, 1998
VA ACQUISITION CORP.
By: /s/ Richard P. Durham
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Name: Richard P. Durham
Title: President and
Chief Executive Officer
HUNTSMAN PACKAGING CORPORATION
By: /s/ Richard P. Durham
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Name: Richard P. Durham
Title: President and
Chief Executive Officer
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EXHIBIT INDEX
Exhibit Number Exhibit Name
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99(a)(1)* -- Offer to Purchase dated April 14, 1998.
99(a)(2)* -- Letter of Transmittal.
99(a)(3)* -- Notice of Guaranteed Delivery.
99(a)(4)* -- Letter to Brokers, Dealers, Banks, Trust Companies and Other
Nominees.
99(a)(5)* -- Letter to Clients for use by Brokers, Dealers, Banks, Trust
Companies and Other Nominees.
99(a)(6)* -- Guidelines for Certification of Taxpayer Identification Number on
Substitute Form W-9.
99(a)(7)* -- Form of Summary Advertisement dated April 14, 1998.
99(a)(8)* -- Text of Press Release dated April 8, 1998 issued by the Company
and Parent.
99(a)(9)* -- Text of Press Release dated April 14, 1998 issued by the
Purchaser and Parent.
99(b)(1)* -- Credit Agreement dated as of September 30, 1997 among Parent, The
Chase Manhattan Bank, as Administrative Agent, and the lenders
named therein.
99(b)(2)* -- Commitment Letter dated April 7, 1998 from The Chase Manhattan
Bank and Chase Securities Inc. to Parent.
99(c)(1)* -- Agreement and Plan of Merger dated as of April 7, 1998 by and
among Parent, the Purchaser and the Company.
99(c)(2)* -- Tender Agreement and Irrevocable Proxy dated as of April 7, 1998
among Parent, the Purchaser, Williamson-Dickie Manufacturing
Company and the individuals named therein.
99(c)(3)* -- Confidentiality Agreement dated as of January 22, 1998 from
Parent for the benefit of the Company.
99(c)(4)* -- Bid Letter dated March 20, 1998 from Parent to the Company.
99(c)(5)* -- Exclusivity Letter dated as of March 29, 1998 by and between
Parent and the Company.
99(c)(6)* -- Extension to Exclusivity Letter dated as of April 5, 1998 by and
between Parent and the Company.
99(d) -- Not applicable.
99(e) -- Not applicable.
99(f) -- Not applicable.
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* Previously filed
