SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-------------------------------------
SCHEDULE 14D-1
TENDER OFFER STATEMENT
(AMENDMENT NO. 1)
PURSUANT TO SECTION 14(d)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
AND
AMENDMENT NO. 1
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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CUSIP NO. 531281103 PAGE 1 OF 2
14D-1
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
1,979,705
- - ------------------------------------------------
8. CHECK IF THE AGGREGATE AMOUNT IN ROW
(7) EXCLUDES CERTAIN SHARES
[ ]
- - ------------------------------------------------
9. PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (7)
32.9%
- - ------------------------------------------------
10. TYPE OF REPORTING PERSON
HC and CO
- - ------------------------------------------------
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CUSIP NO. 531281103 PAGE 2 OF 2
14D-1
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
1,979,705
- - ---------------------------------------------------------
8. CHECK IF THE AGGREGATE AMOUNT IN ROW
(7) EXCLUDES CERTAIN SHARES
[ ]
- - ---------------------------------------------------------
9. PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (7)
32.9%
- - ---------------------------------------------------------
10. TYPE OF REPORTING PERSON
CO
- - ---------------------------------------------------------
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This Statement amends and supplements the Tender Offer Statement on
Schedule 14D-1 filed with the Securities and Exchange Commission (the "SEC") on
August 14, 1998 (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.
ITEM 10. Additional Information.
Item 10(f) is hereby amended by amending and restating the first sentence
of Section 14 "Certain Conditions to the Offer" of the Offer to Purchase in its
entirety as follows:
`Notwithstanding any other provisions of the Offer, the Purchaser shall
not be required to accept for payment or, subject to any applicable rules
and regulations of the Commission, including Rule 14e-1(c) promulgated
under the Exchange Act, pay for any tendered Shares and may terminate or,
subject to the terms of the Merger Agreement, amend the Offer, if (i)
there shall not be validly tendered and not properly withdrawn prior to
the Expiration Date for the Offer that number of Shares which satisfies
the Minimum Condition, (ii) any applicable waiting period (and any
extensions thereof) under the HSR Act shall not have expired or been
terminated prior to the Expiration Date, or (iii) at any time prior to the
Expiration Date, any of the following events (each, an "Event") shall
occur:'
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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: August 26, 1998
CRANE CO.
By: /s/ David S. Smith
---------------------------------
David S. Smith
Vice President-Finance and Chief
Financial Officer
LTI MERGER, INC.
By: /s/ David S. Smith
--------------------------------
David S. Smith
Chief Executive Officer
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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.*
(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.
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