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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FINAL AMENDMENT TO
SCHEDULE 14D-1/A
TENDER OFFER STATEMENT PURSUANT TO SECTION 14(d)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
and
SCHEDULE 13D/A
(Rule 13d-101)
(Amendment No. 5)
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ASA HOLDINGS, INC.
(Name of Issuer)
DELTA AIR LINES, INC.
DELTA AIR LINES HOLDINGS, INC.
DELTA SUB, INC.
(Bidders)
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Common Stock, $0.10 Par Value
(Title of Class of Securities)
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04338Q 10 7
(CUSIP Number of Class of Securities)
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Robert S. Harkey, Esquire
Senior Vice President - General Counsel
Delta Air Lines, Inc.
Hartsfield Atlanta International Airport
Atlanta, GA 30320
(404) 715-2387
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications on Behalf of Bidders)
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With Copies to:
Joseph Rinaldi
Davis Polk & Wardwell
450 Lexington Avenue
New York, NY 10017
(212) 450-4000
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February 22, 1999
(Date Tender Offer First Published, Sent or Given to Security Holder)
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<PAGE>
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CUSIP No. 04338Q 10 7
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14D-1/A / 13D/A
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1. NAMES OF REPORTING PERSONS
IRS IDENTIFICATION NOS. ABOVE PERSONS (ENTITIES ONLY)
DELTA AIR LINES, INC.
IRS IDENTIFICATION NO. 58-0218548
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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; WC; OO
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
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
26,006,003
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8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES
[ ]
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9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
91.18%
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10. TYPE OF REPORTING PERSON
CO
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2
<PAGE>
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CUSIP No. 04338Q 10 7
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14D-1/A / 13D/A
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1. NAMES OF REPORTING PERSONS
IRS IDENTIFICATION NOS. ABOVE PERSONS (ENTITIES ONLY)
DELTA AIR LINES HOLDINGS, INC.
IRS IDENTIFICATION NO. 51-0323487
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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*
AF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
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
26,006,003
- -------------------------------------------------------------------------------
8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES
[ ]
- -------------------------------------------------------------------------------
9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
91.18%
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10. TYPE OF REPORTING PERSON
CO
- -------------------------------------------------------------------------------
3
<PAGE>
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CUSIP No. 04338Q 10 7
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14D-1/A / 13D/A
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1. NAMES OF REPORTING PERSONS
IRS IDENTIFICATION NOS. ABOVE PERSONS (ENTITIES ONLY)
DELTA SUB, INC.
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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
AF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(e) OR 2(f) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
GEORGIA
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7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,011,003
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8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES
[ ]
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9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
63.15%
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10. TYPE OF REPORTING PERSON
CO
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4
<PAGE>
This Final Amendment amends and supplements the Tender Offer Statement on
Schedule 14D-1 filed on February 22, 1999, as amended and supplemented on March
3, 1999, March 5, 1999 and March 11, 1999 (the "Schedule 14D-1"), by (i) Delta
Air Lines, Inc., a Delaware corporation ("Delta"), (ii) Delta Sub, Inc., a
Georgia corporation and an indirect, wholly-owned subsidiary of Delta ("Delta
Sub") and (iii) Delta Air Lines Holdings, Inc., a Delaware corporation and a
wholly-owned subsidiary of Delta, relating to the offer by Delta Sub to
purchase all of the issued and outstanding shares (the "Shares") of common
stock, $0.10 par value per share, of ASA Holdings, Inc., a Georgia corporation
("ASA"), at a price of $34.00 per Share, net to the seller in cash, upon the
terms and subject to the conditions set forth in the Offer to Purchase dated
February 22, 1999 and in the related Letter of Transmittal, copies of which are
attached as Exhibits (a)(1) and (a)(2) to the Schedule 14D-1 (which are herein
collectively referred to as the "Offer").
Capitalized terms not separately defined herein shall have the meanings
specified in the Schedule 14D-1.
Item 10. Additional Information
Item 10(f) is hereby amended and supplemented as follows:
On March 22, 1999, Delta issued a press release, attached hereto as
Exhibit (a)(13), announcing that the Offer to purchase all outstanding shares
of ASA common stock expired, as scheduled, at 12:00 midnight, New York City
time, on Friday, March 19, 1999. The information set forth in the press release
is incorporated herein by reference.
Item 11. Material to Be Filed as Exhibits
Item 11 is hereby amended and supplemented as follows:
(a)(13) Press Release issued by Delta, dated March 22, 1999.
5
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After due inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
March 22, 1999 DELTA AIR LINES, INC.
By: /s/ Maurice W. Worth
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Name: Maurice W. Worth
Title: Chief Operating Officer
DELTA AIR LINES HOLDINGS, INC.
By: /s/ Leslie P. Klemperer
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Name: Leslie P. Klemperer
Title: Vice President and Secretary
DELTA SUB, INC.
By: /s/ Dean C. Arvidson
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Name: Dean C. Arvidson
Title: Secretary
6
<PAGE>
EXHIBIT INDEX
Exhibit No.
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(a)(13) Press Release issued by Delta, dated March 22, 1999.
7
EXHIBIT 99(a)(13)
Contact: Corporate Communications
404 715-2533
DELTA COMPLETES
TENDER OFFER FOR ASA HOLDINGS, INC.
Atlanta, GA - March 22, 1999 - Delta Air Lines, Inc. announced today
that its tender offer to purchase all outstanding shares of common stock of
ASA Holdings, Inc. for $34.00 in cash expired, as scheduled, at 12:00
Midnight, New York City time on Friday, March 19, 1999. Delta, through a
wholly-owned subsidiary, accepted for purchase and purchased all ASA shares
validly tendered and not withdrawn prior to the expiration of the offer.
Approximately 18 million shares of ASA common stock (about 88%
of the outstanding shares not already beneficially owned by Delta prior to the
beginning of the tender offer), including shares tendered pursuant to
guarantees of delivery, were validly tendered and not withdrawn. As a result,
Delta now beneficially owns approximately 91% of the total number of
outstanding shares of ASA common stock (including the 7,995,000 shares of
ASA common stock beneficially owned by Delta prior to the beginning of the
tender offer). Payment for shares validly tendered and not withdrawn is
expected to be made by Harris Trust Company of New York, acting as depositary
for the tender offer, promptly in accordance with the terms of the offer.
"This acquisition sharpens Delta's focus on improved customer service,
and will strengthen access to the strongest route network in the industry,"
said Maurice W. Worth, Delta's chief operating officer, who is leading the
transition of ASA to a wholly owned subsidiary of Delta. "We will begin
building on ASA's strengths, which will improve Delta's overall route
network."
Delta, named Airline of the Year by Air Transport World
magazine, is the world's most flown carrier. More than 105 million passengers
traveled on Delta in 1998. Delta, Delta Express, the Delta Shuttle, the Delta
Connection carriers and Delta's Worldwide Partners operate 5,211 flights each
day to 353 cities in 56 countries.
