SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-------------------------------------
SCHEDULE 14D-1
TENDER OFFER STATEMENT
(AMENDMENT NO. 3)
PURSUANT TO SECTION 14(d)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
AND
AMENDMENT NO. 3
TO
SCHEDULE 13D OF CRANE CO. AND LTI MERGER, INC.
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Liberty Technologies, Inc.
(Name of Subject Company)
Crane Co.
LTI Merger, Inc.
(Bidders)
Common Stock, Par Value $.01 Per Share
(Including the Associated Preferred Stock Purchase Rights)
(Title of Class of Securities)
531281103
(CUSIP Number of Class of Securities)
Augustus I. duPont
Vice President, General Counsel and Secretary
Crane Co.
100 First Stamford Place
Stamford, Connecticut 06902
(203) 363-7223
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications on Behalf of Bidder)
with a copy to:
Janice C. Hartman
Kirkpatrick & Lockhart LLP
1500 Oliver Building
Pittsburgh, Pennsylvania 15222
(412) 355-6444
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<PAGE>
CUSIP NO. 531281103 PAGE 1 OF 2
14D-1/A
1. NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Crane Co. (E.I.N.: 131952290)
- --------------------------------------------------------------------------------
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 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
4,767,868
- --------------------------------------------------------------------------------
8. CHECK IF THE AGGREGATE AMOUNT IN ROW
(7) EXCLUDES CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
9. PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (7)
95.1%
- --------------------------------------------------------------------------------
10. TYPE OF REPORTING PERSON
HC and CO
- --------------------------------------------------------------------------------
<PAGE>
CUSIP NO. 531281103 PAGE 2 OF 2
14D-1/A
1. NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
LTI Merger, Inc.
- --------------------------------------------------------------------------------
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 IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Pennsylvania
- --------------------------------------------------------------------------------
7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON
4,767,868
- --------------------------------------------------------------------------------
8. CHECK IF THE AGGREGATE AMOUNT IN ROW
(7) EXCLUDES CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
9. PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (7)
95.1%
- --------------------------------------------------------------------------------
10. TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
<PAGE>
This Statement amends and supplements (i) the Tender Offer Statement on
Schedule 14D-1 filed with the Securities and Exchange Commission (the "SEC") on
August 14, 1998, as amended on August 26, 1998 and September 3, 1998 (as
amended, the "Schedule 14D-1") by Crane Co., a Delaware corporation ("Crane"),
and LTI Merger, Inc., a Pennsylvania corporation ("Purchaser"), with respect to
the Purchaser's offer to purchase all outstanding shares of common stock, par
value $.01 per share (the "Shares"), of Liberty Technologies, Inc., a
Pennsylvania corporation (the "Company"), including the associated Preferred
Stock Purchase Rights, upon the terms and subject to the conditions set forth in
the Offer to Purchase dated August 14, 1998 (the "Offer to Purchase") and in the
related Letter of Transmittal, at a purchase price of $3.50 per Share, net to
the seller in cash, and constitutes the final amendment to the Schedule 14D-1,
and (ii) the Schedule 13D filed with the SEC by Crane on August 19, 1998, as
amended on August 26, 1998 and September 3, 1998 (as amended, the "Schedule
13D"), with respect to Shares.
ITEM 6. Interest in Securities of the Subject Company.
On September 14, 1998, Crane announced that Purchaser accepted for payment
all of the 4,737,868 Shares which were validly tendered pursuant to the Offer
and not withdrawn prior to the expiration of the Offer (including 10,873 Shares
tendered pursuant to Notices of Guaranteed Delivery). On September 16, 1998,
Crane was notified by the Depositary that an additional 30,000 Shares were
tendered pursuant to Notices of Guaranteed Delivery prior to the expiration of
the Offer.
ITEM 11. Material to be Filed as Exhibits.
(a)(9) Press release issued by Crane on September 14, 1998.
<PAGE>
SIGNATURE
After due inquiry and to the best of its knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Dated: September 17, 1998
CRANE CO.
By: /s/ Augustus I. duPont
--------------------------------
Augustus I. duPont
Vice President, General Counsel and
Secretary
LTI MERGER, INC.
By: /s/ Augustus I. duPont
--------------------------------
Augustus I. duPont
Treasurer
<PAGE>
EXHIBIT INDEX
EXHIBIT
NUMBER PAGE
- ------------------------------------------------------------------------------
(a) (1) Offer to Purchase, dated August 14, 1998.*
(2) Letter of Transmittal.*
(3) Notice of Guaranteed Delivery.*
(4) Letter to Brokers, Dealers, Commercial Banks, Trust
Companies and Other Nominees.*
(5) Letter to Clients for use by Brokers, Dealers, Commercial
Banks, Trust Companies and Other Nominees.*
(6) Guidelines for Certification of Taxpayer Identification
Number on Substitute Form W-9.*
(7) Text of Press Release issued by Crane Co. on August 12,
1998.*
(8) Summary Advertisement published on August 14, 1998.*
(9) Text of Press Release issued by Crane Co. on September 14,
1998.**
(b) Not applicable.
(c) (1) Agreement and Plan of Merger, dated as of August 11, 1998 among
Crane Co., LTI Merger, Inc. and Liberty Technologies, Inc.*
(2) Stock Option Agreement, dated as of August 11, 1998,
between Liberty Technologies, Inc. and Crane Co.*
(3) Form of Shareholder Agreement between Crane Co. and certain
shareholders of Liberty Technologies, Inc.*
(4) First Amendment to Amended and Restated Rights Agreement
dated August 11, 1998 between Liberty Technologies, Inc.
and StockTrans, Inc., as Rights Agent.*
(d) Not applicable.
(e) Not applicable.
(f) Not applicable.
*Previously filed.
**Filed herewith.
<PAGE>
Exhibit (a)(9)
NEWS FROM CRANE
FOR IMMEDIATE RELEASE
CRANE CO. CLOSES OFFER FOR LIBERTY TECHNOLOGIES BY
PURCHASING 94.5% OF OUTSTANDING SHARES
STAMFORD, CONNECTICUT - SEPTEMBER 14, 1998--
Crane Co. (NYSE:CR) announced today that an aggregate of 4,737,868 shares
of Liberty Technologies common stock was tendered (including 10,873 shares under
guarantees of delivery) prior to the expiration of Crane's tender offer at
midnight Friday, September 11, 1998, and that it had accepted and agreed to
purchase all shares validly tendered and not withdrawn prior to that time. Crane
intends to complete its acquisition of Liberty Technologies by means of a merger
in which the remaining shares of Liberty Technologies will be converted into the
right to receive $3.50 per share in cash.
Crane is a diversified manufacturer of engineered industrial products.
CRANE
Crane Co. - 100 First Stamford Place - Stamford, CT 06902
