NATIONWIDE MUTUAL INSURANCE CO
SC 14D1/A, 1998-11-13
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<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                FINAL AMENDMENT
                                       TO

                                 SCHEDULE 14D-1
                             TENDER OFFER STATEMENT
      PURSUANT TO SECTION 14(D)(1) OF THE SECURITIES EXCHANGE ACT OF 1934
                                      and
                                  SCHEDULE 13D
                   UNDER THE SECURITIES EXCHANGE ACT OF 1934

                       ALLIED LIFE FINANCIAL CORPORATION
                            (NAME OF SUBJECT COMPANY)

                    NATIONWIDE LIFE ACQUISITION CORPORATION
                      NATIONWIDE MUTUAL INSURANCE COMPANY
                                    (Bidders)

                           COMMON STOCK, NO PAR VALUE
                         (Title of Class of Securities)

                                   019246107
                      (CUSIP Number of Class of Securities)

                                W. SIDNEY DRUEN
                   SENIOR VICE PRESIDENT AND GENERAL COUNSEL
                      NATIONWIDE MUTUAL INSURANCE COMPANY
                              ONE NATIONWIDE PLAZA
                              COLUMBUS, OHIO 43215
                           TELEPHONE: (614) 249-7111
            (Name, Address and Telephone Number of Person Authorized
           to Receive Notices and Communications on Behalf of Bidders)

                                 WITH A COPY TO:
                               ERIC M. FOGEL, ESQ.
                             HAROLD W. NATIONS, ESQ.
                                  HOLLEB & COFF
                         55 E. MONROE STREET, SUITE 4100
                             CHICAGO, ILLINOIS 60603
                            TELEPHONE: (312) 807-4600

<PAGE>   2
CUSIP NO. 019246107




1. NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON


         Nationwide Mutual Insurance Company (E.I.N.: 31-4177100)


2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

   [ ]   (a)

   [ ]   (b)

3. SEC USE ONLY

4. SOURCE OF FUNDS

         WC

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(e) or 2(f)

6. CITIZENSHIP OR PLACE OF ORGANIZATION

         Ohio

7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         4,519,033 Common Shares*
         2,410,098 Preferred Shares*

8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN
SHARES

9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)

         98.6% of the Common Shares*
         100% of the Preferred Shares* representing
         99.1% of the voting securities*

10.      TYPE OF REPORTING PERSON

         IC

- ---------------
*    As of October 1, 1998.


                                       2
<PAGE>   3

CUSIP NO. 019246107

1. NAMES OF REPORTING PERSONS

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         Nationwide Life Acquisition Corporation (E.I.N.: 31-1618317)

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
     [ ] (a)
     [ ] (b)

3. SEC USE ONLY

4. SOURCE OF FUNDS

         AF

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(e) or 2(f)

6. CITIZENSHIP OR PLACE OF ORGANIZATION

         Ohio

7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         4,519,033 Common Shares*
         2,410,098 Preferred Shares*

8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN
SHARES

9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)

         98.6% of the Common Shares*
         100% of the Preferred Shares* representing
         99.1% of the voting securities*

10. TYPE OF REPORTING PERSON

         CO

- ------------
*     As of October 1, 1998.

     This Final Amendment amends and supplements (a) the Tender Offer Statement
on Schedule 14D-1 initially filed on June 10, 1998 (as amended, the "Schedule
14D-1") with the Securities and Exchange Commission by Nationwide Life
Acquisition Corporation ("Purchaser"), an Ohio corporation and a wholly owned
subsidiary of Nationwide Mutual Insurance Company ("Parent"), an Ohio mutual
insurance company, to purchase all outstanding shares of common stock, no par
value (the "Common Shares"), of Allied Life Financial Corporation (the
"Company"), an Iowa corporation, at a price of $30.00 per Common Share, net to
the seller in cash, without interest thereon, upon the terms and subject to the
conditions set forth in the Offer to Purchase dated June 10, 1998 (the "Offer to
Purchase") and the Letter of Transmittal (which, together with any amendments or
supplements thereto, constitutes the "Offer") and (b) the Schedule 13D initially
filed on June 10, 1998, with the Securities and Exchange Commission by Purchaser
and Parent. Capitalized terms used and not defined herein shall have the
meanings assigned such terms in the Offer to Purchase or the Schedule 14D-1.

ITEM 5.   PURPOSE OF THE TENDER OFFER AND PLANS OR PROPOSALS OF THE BIDDER

     On November 13, 1998, the Parent announced that it had merged a wholly
owned subsidiary of Parent into the Company (the "Merger") with the Company
continuing as the surviving corporation in the Merger, and that the Merger
became effective at 11:59 p.m., Central Standard Time, on Thursday, November 12,
1998. Because Purchaser had acquired at least 90% of the outstanding shares of
each class of stock of the Company, the Merger was effected without a meeting of
the stockholders of the Company. As a result of the Merger, the Company became a
wholly owned subsidiary of the Parent and each outstanding Common Share (other
than Common Shares held by stockholders who perfect their appraisal right under
Iowa Law, Common Shares held in the Company's treasury, and Common Shares held
directly by the Purchaser or the Parent) were cancelled, extinguished and
converted into the right to receive $30.00 per share in cash, without interest
thereon, less any applicable withholding taxes. The full text of the press
release is set forth in Exhibit 11(a)(27) and is incorporated herein by
reference.

     On October 12, 1988 the Company requested that NASDAQ delist the Common
Shares. On October 13, 1998 the Company requested that the Securities and
Exchange Commission deregister the Common Shares.

ITEM 6.   INTEREST IN SECURITIES OF THE SUBJECT COMPANY

     Item 6 of the Schedule 14D-1 is hereby amended and supplemented as follows:

     Pursuant to the Offer, which expired at 5:00 p.m., New York City time, on
Wednesday, September 30, 1998, the Purchaser ultimately acquired 2,998,027
Common Shares. Such Common Shares, when added to Common Shares beneficially
owned by Parent, represent approximately 98.6% of all outstanding Common Shares.
Pursuant to the Merger, which became effective at 11:59 p.m. on November 12,
1998, the Company became a wholly-owned subsidiary of the Parent.

     The information provided in this Final Amendment under Item 5 is
incorporated by reference.

ITEM 11.  MATERIAL TO BE FILED AS EXHIBITS

     Item 11 is hereby amended and supplemented to add the following:

     (a)(27) Press Release issued by Nationwide Mutual Insurance Company on
             November 13, 1998.


                                   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:  November 13, 1998

                   NATIONWIDE MUTUAL INSURANCE COMPANY


                   By:      /s/ David A. Diamond
                            -------------------------------
                            Name:   David A. Diamond
                            Title:  Vice President - Enterprise Controller

                   NATIONWIDE LIFE ACQUISITION CORPORATION


                   By:      /s/ Mark B. Koogler
                            -------------------------------
                            Name:   Mark B. Koogler
                            Title:  Vice President - Associate General Counsel


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                                 EXHIBIT INDEX

(a)  (27)      Text of Press Release issued by Nationwide Mutual 
               Insurance Company on November 13, 1998.

                                       4

<PAGE>   1
                                                                 Exhibit (a)(27)

                                                     NEWS FROM [NATIONWIDE LOGO]


Contact: Bob Sohovich 614-249-6356
         John Millen  614-249-6348


                                   NATIONWIDE
                            COMPLETES ACQUISITION OF
                                   ALLIED LIFE


COLUMBUS, OHIO, NOVEMBER 13, 1998 - Nationwide Mutual Insurance Company
("Nationwide") today announced that it completed its acquisition of ALLIED Life
Financial Corporation ("ALLIED Life") on November 12, 1998. ALLIED Life has been
merged with a wholly owned subsidiary of Nationwide.

"We are excited about our bright future and the opportunity to join resources
and to grow Nationwide," said Richard D. Crabtree, Nationwide Mutual's president
and chief operating officer.

The merger was the second step in a two-step acquisition. The first step, a cash
tender offer for all the outstanding shares of common stock of ALLIED Life at
$30.00 per share, expired at 5:00 p.m., New York City time, on September 30,
1998. As a result of the merger, ALLIED Life is now a wholly-owned subsidiary of
Nationwide.

The merger results in the automatic conversion of the remaining shares of common
stock of ALLIED Life into the right to receive $30.00 per former share.

The $93 billion Nationwide Insurance Enterprise, based in Columbus, Ohio, is one
of the country's largest diversified insurance and financial services
organizations and a Fortune 500 company, Nationwide Life is the country's
fifth-largest life insurer based on premiums and 13th-largest based on assets.

ALLIED Life Financial Corporation is a holding company that, through its
principal subsidiary, ALLIED Life Insurance Company, underwrites, markets and
distributes life insurance and annuity products in rural and suburban areas of
the United States.

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