SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. __)
Daniel Green Company
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(Name of Issuer)
Common
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(Title of Class of Securities)
392775 10 2
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(CUSIP Number)
Edward Bloomberg, Bloomberg Group, 59 College Park,
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Davis, CA 95616. (916)753-5957
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(Name, Address and Telephone Number of Person to
Receive Notices and Communications)
June 26, 1996
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(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(b)(3) or (4), check the following box. ___
Check the following box if a fee is being paid with the statement. _X_. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are
to be sent.
*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
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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).
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Edward Bloomberg, Bloomberg Group
2. Check the appropriate box if a member of a group (a) _ _
(b) _X_
3. SEC Use Only
4. Source of Funds
PF of persons in group
5. Check Box if disclosure of legal proceedings is
required pursuant to items 2(d) or 2(e). ___
6. Citizenship or Place of Organization.
California
Number of 7. Sole Voting Power
Shares
Beneficially 73,670 or 4.9%
Owned by
Each 8. Shared Voting Power
Reporting
Person 98,074 or 6.5%
With
9. Sole Dispositive Power
73,760 or 4.9%
10. Shared Dispositive Power
98,074 or 6.5%
11. Aggregate amount beneficially owned by each reporting person.
171,834 shares
12. Check box if the aggregate amount in row (11) excludes
certain shares. ___
13. Percent of class represented by amount in Row (11)
11.4%
14. Type of Reporting person
PN
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1. Security and Issuer
Common Stock; Daniel Green Company, One Main Street, Dolgeville, N.Y.
13329
2. Identity and Background
Bloomberg Group is a general partnership, located at 59 College Park,
Davis, CA 95616. The answers to (d) and (e) of this item are negative
a) Edward Bloomberg
b) 59 College Park, Davis, CA 95616
c) Investment adviser. Self-employed
d) No
e) No
f) United States
3. Source and Amount of Funds or Other Consideration
The source of the funds to have been used in the proposed acquisition
(See Item 4 below) was the personal funds of each person described in Item 4
below.
4. Purpose of Transaction
On June 26, 1996, Edward Bloomberg made an offer (the "Offer") to the
Board of Directors of Daniel Green Company (the "Company") to purchase 500,000
shares of Common Stock at $3.625 per share. The Offer was made by Mr. Bloomberg
on behalf of himself and the following seven other individuals: Allen Benello,
875 Prospect Street, #301, La Jolla, CA 92037; Robert Robotti, Ravenswood
Investment Co., L.P., 52 Vanderbilt Avenue, New York, NY 00017; Rolf E. Glover
IV, 113 East Jones Street, Savannah, GA 31401; Thomas L. Hartel, ON 643 Alta
Lane, Winfield, IL 60190; Linda Parnes, 49 Overhill Road, Forest Hills, NY
11375; Channing Lushbough, 420 Elm Street, Glenview, IL 60025; and Charles
Brenner, P.O. Box 10, Maplewood, NJ 07040. The Offer was made in response to a
then proposed sale by the Company of 475,000 shares of Common Stock to Riedman
Corporation for $1.5 million in the aggregate, or approximately $3.1579 per
share. A condition of the Offer was that at least four members of the nine
person Board of Directors, be replaced with nominees of Mr. Bloomberg. The Offer
was rejected by the Board on June 26, 1996 and the sale of 475,000 shares of
common stock to Riedman Corporation was consummated. Mr. Bloomberg and the other
seven aforementioned persons may be deemed to have been a `group' by virtue of
their communications with one another with respect to the Offer, however; there
was no written agreement or
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understanding among them as to the structure or terms and conditions of the
group or its operations. Mr. Bloomberg and certain other of the aforementioned
persons have expressed their dissatisfaction with the manner in which the
Company has been operated and some or all of such persons believe that the per
share price of the shares sold to Riedman Corporation was too low. Mr. Bloomberg
and one or more of such individuals do not believe that the actions of
management of the Company during the past several years have been appropriate in
order to enhance shareholder value. Mr. Bloomberg and the other seven persons as
a group do not presently have any further plans to (a) acquire or dispose of
additional securities of the Company, (b) undertake any extraordinary corporate
transaction such as a merger, reorganization or liquidation of the Company, (c)
effect a sale or transfer of a material amount of the Company's assets, (d)
effect a change in the Company's board of directors or management or other
similar action. If, however, the sale to Riedman Corporation were to be
rescinded or found to be unlawful or improper, Mr. Bloomberg and/or one or more
of such other persons may individually or as a group undertake one or more of
the foregoing actions to achieve the objective of maximizing value for the
Company's shareholders. Mr. Bloomberg and one or more of such persons may
individually or in concert, pursue one or more options in order to accomplish
the objective of maximizing shareholder value, including seeking rescission of
the sale to Riedman Corporation, and if rescission is obtained, seeking a change
in management and/or the Board of Directors of the Company, or seeking a buyer
for the Company or a liquidation of the Company.
5. Interest in Securities of the Issuer
a) 171,834 shares. 11.4%
b) Sole voting power: 73,670 shares
Shared voting power: 98,074 shares
Sole power to dispose: 73,670 shares
Shared power to dispose: 98,074 shares
c) To the extent the persons listed in the response to Item 4 are
deemed to have been a group, each member of the Bloomberg Group shall be deemed
to have acquired the securities beneficially owned by each other member of the
group, as follows: Edward Bloomberg, 47,000 shares (Mr. Bloomberg shares the
voting and dispositive power over an additional 61,000 shares with family
members and clients); Rolf E. Glover, IV, 3,000 shares; Thomas Hartel, 6,000
shares, (Mr. Hartel's family owns an additional 4,000 shares over which he
shares dispositive and voting power); Linda Parnes (Ms. Parnes' husband owns
4,875 shares and various members of her husband's family own an additional
23,225 shares. In
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addition, Ms. Parnes' husband is an employee of a brokerage firm at which
various unrelated clients hold an additional 21,955 shares. While neither Ms.
Parnes' husband nor any of her husband's family members has voting or
dispositive authority over any shares other than shares directly owned by them
individually, another employee of the brokerage firm at which Ms. Parnes'
husband is employed has voting and dispositive authority over 23,970 shares and
dispositive authority over 21,050 shares. Ms. Parnes has neither voting nor
dispositive authority over any of the aforementioned shares); Channing H.
Lushbough (Mr. Lushbough's son has sole voting and dispositive power over 23,970
shares held in a limited partnership and dispositive power over 21,050 shares
held by clients of an investment advisor managed by Mr. Lushbough's son. In
addition, 41,300 shares are held by various unrelated clients, officers, and
employees of a brokerage firm at which Mr. Lushbough's son is an employee;
however, neither Mr. Lushbough nor his son has any voting or dispositive
authority over any of these shares. Mr. Lushbough is neither an officer,
director, employee or general partner of either the partnership, the investment
advisor, or the brokerage firm referred to herein. Channing H. Lushbough has
neither voting nor dispositive authority over and disclaims beneficial ownership
of any of the aforementioned shares); Charles Brenner, 17,120 shares, (Mr.
Brenner has shared voting and dispositive power over another 33,074 shares).
d) None
e) Not applicable
6. See response to Item 4.
7. Not applicable
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.
July 8, 1996
_________________________
/s/ Edward Bloomberg,
Managing Partner of the
Bloomberg Group
