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. 7)*
CROWN CORK & SEAL COMPANY, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $5.00 per share
---------------------------------------
("Crown Common Stock")
----------------------
(Title of Class of Securities)
Common Stock: 228 255
---------------------
(CUSIP Number)
Michel Renault Copy to: Allan M. Chapin
General Counsel Sullivan & Cromwell
Compagnie Generale d'Industrie 125 Broad Street
et de Participations New York, N.Y. 10004
89 rue Taitbout (212) 558-4000
75009 Paris, France
(011) 331-4285-3000
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
February 23, 1999
---------------------------------------
(Date of Event which Requires Filing of this Statement)
If a 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 should 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.
(continued on following pages)
(page 1 of 8 Pages)
*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 ("Act") 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 8)
<PAGE>
- ---------------------------------------------
CUSIP NO. 228 255 (Crown Common Stock)
- ---------------------------------------------
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Compagnie Generale d'Industrie et de Participations
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS Not applicable
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d)OR 2(e) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
France
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0 shares of Crown Common Stock
SHARES
BENEFICIALLY ----------------------------------------------------------
OWNED BY 8. SHARED VOTING POWER
EACH 0 shares of Crown Common Stock
REPORTING
PERSON ----------------------------------------------------------
WITH 9. SOLE DISPOSITIVE POWER
0 shares of Crown Common Stock
----------------------------------------------------------
10. SHARED DISPOSITIVE POWER
0 shares of Crown Common Stock
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 0 shares of Crown Common Stock
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% of Crown Common Stock
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO; HC
(Page 2 of 8)
<PAGE>
- ---------------------------------------------
CUSIP NO. 228 255 (Crown Common Stock)
- ---------------------------------------------
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Marine-Wendel
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS Not applicable
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d)OR 2(e) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
France
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0 shares of Crown Common Stock
SHARES
BENEFICIALLY ----------------------------------------------------------
OWNED BY 8. SHARED VOTING POWER
EACH 0 shares of Crown Common Stock
REPORTING
PERSON ----------------------------------------------------------
WITH 9. SOLE DISPOSITIVE POWER
0 shares of Crown Common Stock
----------------------------------------------------------
10. SHARED DISPOSITIVE POWER
0 shares of Crown Common Stock
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 0 shares of Crown Common Stock
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% of Crown Common Stock
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO; HC
(Page 3 of 8)
<PAGE>
- ---------------------------------------------
CUSIP NO. 228 255 (Crown Common Stock)
- ---------------------------------------------
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Wendel-Participations
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS Not applicable
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d)OR 2(e) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
France
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0 shares of Crown Common Stock
SHARES
BENEFICIALLY ----------------------------------------------------------
OWNED BY 8. SHARED VOTING POWER
EACH 0 shares of Crown Common Stock
REPORTING
PERSON ----------------------------------------------------------
WITH 9. SOLE DISPOSITIVE POWER
0 shares of Crown Common Stock
----------------------------------------------------------
10. SHARED DISPOSITIVE POWER
0 shares of Crown Common Stock
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 0 shares of Crown Common Stock
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% of Crown Common Stock
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO; HC
(Page 4 of 8)
<PAGE>
- ---------------------------------------------
CUSIP NO. 228 255 (Crown Common Stock)
- ---------------------------------------------
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Societe de Gerance de Valeurs Mobilieres
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS Not applicable
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d)OR 2(e) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
France
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0 shares of Crown Common Stock
SHARES
BENEFICIALLY ----------------------------------------------------------
OWNED BY 8. SHARED VOTING POWER
EACH 0 shares of Crown Common Stock
REPORTING
PERSON ----------------------------------------------------------
WITH 9. SOLE DISPOSITIVE POWER
0 shares of Crown Common Stock
----------------------------------------------------------
10. SHARED DISPOSITIVE POWER
0 shares of Crown Common Stock
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 0 shares of Crown Common Stock
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% of Crown Common Stock
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO; HC
(Page 5 of 8)
<PAGE>
This Amendment No. 7, dated March 1, 1999, amends the Schedule 13D,
dated February 15, 1996, as amended and supplemented by Amendments Nos. 1, 2, 3,
4, 5 and 6 thereto, dated September 26, 1996, October 24, 1996, October 30,
1996, February 5, 1998, March 2, 1998 and July 24, 1998 respectively
(collectively, the "Schedule 13D"), filed on behalf of Compagnie Generale
d'Industrie et de Participations ("CGIP"), Marine-Wendel ("Marine-Wendel"),
Wendel-Participations ("Wendel-Participations") and Societe de Gerance de
Valeurs Mobilieres ("SGVM") (collectively, the "Reporting Persons"), by adding
the following additional information:
Item 4. Purpose of Transaction
The following is hereby added after the last paragraph of Item 4:
Pursuant to the Share Swap Transaction, CGIP exercised its right to
elect to terminate the Share Swap Transaction on February 23, 1999 with Morgan
Guaranty Trust Company of New York ("Morgan") and sold all of its remaining
6,599,577 shares of Crown Common Stock to Morgan at (Euro)168,539,822.71, the
Euro equivalent of the then prevailing market price at the close of trading on
the New York Stock Exchange.
Item 5. Interest in Securities of the Issuer
The following is hereby added after the last paragraph of Item 5:
Pursuant to the Share Swap Transaction, CGIP exercised its right to
elect to terminate the Share Swap Transaction on February 23, 1999 and sold all
of its remaining 6,599,577 shares of Crown Common Stock to Morgan at
(Euro)168,539,822.71, the Euro equivalent of the then prevailing market price at
the close of trading on the New York Stock Exchange.
As of February 23, 1999, CGIP owns 0 shares of Crown Common Stock
(representing 0% of the 122,337,398 shares of Crown Common Stock outstanding as
of October 31, 1998).
On February 26, 1999, the Reporting Persons ceased to be beneficial
owners of more than 5% of the outstanding Crown Common Stock.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to
Securities of the Issuer
The following is hereby added after the last paragraph of Item 6:
Pursuant to the Share Swap Transaction, CGIP exercised its right to
elect to terminate the Share Swap Transaction on February 23, 1999 and sold all
of its remaining 6,599,577 shares of Crown Common Stock to Morgan at
(Euro)168,539,822.71, the Euro equivalent of the market price at the close of
trading on the New York Stock Exchange on February 23, 1999. The
(Page 6 of 8)
<PAGE>
Share Swap Transaction was terminated on February 26, 1999 upon:
(a) Morgan's payment in accordance with the Share Swap Transaction to
CGIP of (Euro)108,463,165.39, representing the difference between
(Euro)276,305,730.59 (the Euro equivalent of 1,812,446,781 French francs) and
(Euro)168,539,822.71 (the Euro equivalent of the market price at the close of
trading on the New York Stock Exchange on February 23, 1999 of the 6,599,577
shares of Crown Common Stock), plus an interest payment of (Euro)697,257.51 to
CGIP; and
(b) CGIP's payment to Morgan of the final Dividend Amount (as defined
in the Share Swap Transaction) of $1,649,894.25 (representing 6,599,577 shares
of Crown Common Stock x $0.25).
(Page 7 of 8)
<PAGE>
SIGNATURE
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.
Dated: March 1, 1999
Compagnie Generale d'Industrie et de Participations
By:
/s/ Ernest-Antoine SEILLIERE
------------------------------
Name: Ernest-Antoine SEILLIERE
Title: Chairman and CEO
Marine-Wendel
By:
/s/ Ernest-Antoine SEILLIERE
------------------------------
Name: Ernest-Antoine SEILLIERE
Title: Chairman and CEO
Wendel-Participations
By:
/s/ Louis-Amedee de MOUSTIER
------------------------------
Name: Louis-Amedee de MOUSTIER
Title: Managing Director
Societe de Gerance de Valeurs Mobilieres
By:
/s/ Louis-Amedee de MOUSTIER
------------------------------
Name: Louis-Amedee de MOUSTIER
Title: Chairman and CEO
(Page 8 of 8)
