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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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COMAIR HOLDINGS, INC.
(Name of Issuer)
DELTA AIR LINES, INC.
DELTA AIR LINES HOLDINGS, INC.
KENTUCKY SUB, INC.
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Common Stock, No Par Value
(Title of Class of Securities)
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199789 10 8
(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 a Copy to:
Joseph Rinaldi
Davis Polk & Wardwell
450 Lexington Avenue
New York, NY 10017
(212) 450-4000
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October 22, 1999
(Date Tender Offer First Published, Sent or Given to Security Holders)
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<PAGE>
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CUSIP No. 199789 10 8
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14D-1/A / 13D/A
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1. NAMES OF REPORTING PERSONS
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
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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
85,993,560
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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)
90%
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10. TYPE OF REPORTING PERSON
CO
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2
<PAGE>
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CUSIP No. 199789 10 8
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14D-1/A / 13D/A
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1. NAMES OF REPORTING PERSONS
Delta Air Lines Holdings, Inc., a wholly owned subsidiary of
Delta Air Lines, 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
85,993,560
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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)
90%
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10. TYPE OF REPORTING PERSON
CO
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3
<PAGE>
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CUSIP No. 199789 10 8
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14D-1/A / 13D/A
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1. NAMES OF REPORTING PERSONS
Kentucky Sub, Inc., an indirect wholly owned subsidiary of
Delta Air Lines, 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
KENTUCKY
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7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
64,920,905
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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)
68%
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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 by (i) Delta Air Lines, Inc., a Delaware corporation
("Delta"), (ii) Kentucky Sub, Inc., a Kentucky corporation and an indirect,
wholly owned subsidiary of Delta ("Kentucky Sub"), and (iii) Delta Air Lines
Holdings, Inc., a Delaware corporation and a direct, wholly owned subsidiary of
Delta, on October 22, 1999, as previously amended and supplemented by Amendment
No. 1 thereto dated November 1, 1999, Amendment No.2 thereto dated November 5,
1999, Amendment No. 3 thereto dated November 12, 1999, and Amendment No. 4
thereto dated November 12, 1999 (as so amended and supplemented, the "Schedule
14D-1"), relating to the offer by Kentucky Sub to purchase all of the issued
and outstanding shares (the "Shares") of common stock, no par value, of Comair
Holdings, Inc., a Kentucky corporation ("Comair"), at a price of $23.50 per
Share, net to the seller in cash, upon the terms and subject to the conditions
set forth in the Offer to Purchase dated October 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"). This Final Amendment also constitutes Amendment No. 5 to the Schedule
13D filed by Delta and Delta Holdings on June 26, 1986, as previously amended
by Amendment No. 1 thereto dated on June 26, 1986, Amendment No. 2 thereto
filed on January 5, 1990, Amendment No. 3 thereto filed on October 18, 1999,
and Amendment No. 4 thereto filed on October 22, 1999.
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 November 22, 1999, Delta issued a press release, attached hereto as
Exhibit (a)(9), announcing that the Offer expired, as scheduled, at 12:00
midnight, New York City time, on Friday, November 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)(9) Press Release issued by Delta dated November 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.
November 22, 1999 DELTA AIR LINES, INC.
By: /s/ M. Michele Burns
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Name: M. Michele Burns
Title: Vice President and Treasurer
DELTA AIR LINES HOLDINGS, INC.
By: /s/ Leslie P. Klemperer
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Name: Leslie P. Klemperer
Title: Vice President and Secretary
KENTUCKY 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)(9) Press Release issued by Delta dated November 22, 1999.
7
Exhibit (a)(9)
Contact: Corporate Communications
404-715-2554
DELTA COMPLETES TENDER OFFER
FOR COMAIR HOLDINGS, INC.
ATLANTA, November 22, 1999 - Delta Air Lines, Inc. announced today that
its tender offer to purchase all outstanding shares of common stock of COMAIR
Holdings, Inc. for $23.50 per share in cash expired, as scheduled, at 12:00
Midnight, New York City time, on Friday, November 19, 1999. Delta, through a
wholly-owned subsidiary, accepted for purchase and purchased all COMAIR shares
validly tendered and not withdrawn prior to the expiration of the offer.
Approximately 64.9 million shares of COMAIR common stock (about 87.2
percent 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 90.0 percent of the
total number of outstanding shares of COMAIR common stock (including the 21.1
million shares of COMAIR common stock beneficially owned by Delta prior to the
beginning of the tender offer). Payment for shares validly tendered 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.
"COMAIR is a terrific regional airline with highly respected leadership,
talented people, and an outstanding record of financial and operational
performance," said Leo Mullin, Delta chairman, president and chief executive
officer. "This new relationship will permit us to work more closely to
integrate COMAIR's operation into the Delta Connection Carrier network, with
even better opportunities to fulfill a key Delta objective - to get passengers
from anywhere to everywhere."
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Delta, named Airline of the Year by Air Transport World magazine and
"Best-Managed Major Airline" for 1999 by Aviation Week & Space Technology
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 5,340 flights each
day to 361 cities in 62 countries.
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