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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 14D-1
TENDER OFFER STATEMENT PURSUANT TO SECTION 14(D)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
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WINTHROP PARTNERS 80 LIMITED PARTNERSHIP
(Name of Subject Company)
QUADRANGLE ASSOCIATES I L.L.C.
(Bidders)
UNITS OF LIMITED PARTNERSHIP INTEREST
(Title of Class of Securities)
NONE
(Cusip Number of Class of Securities)
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Michael L. Ashner
Chief Executive Officer
WIN Manager Corp.
100 Jericho Quadrangle, Suite 214
Jericho, New York 11753
(516) 822-0022
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications on Behalf of Bidders)
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CALCULATION OF FILING FEE
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Transaction Valuation*: $3,758,640 Amount of Filing Fee: $715.73
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* ________ For purposes of calculating the fee only. This amount assumes the
purchase of 22,366.5 units of limited partnership interest ("Units") of the
subject partnership for $160 per Unit. The amount of the filing fee, calculated
in accordance with Section 14(g)(3) and Rule 0-11(d) under the Securities
Exchange Act of 1934, as amended, equals 1/50th of one percent of the aggregate
of the cash offered by the bidders.
(cover page 1 of 2)
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(cover page 2 of 2)
[ ] Check box if any part of the fee is offset as provided by Rule 0-11(a)(2)
and identify the filing with which the offsetting fee was previously paid.
Identify the previous filing by registration statement number, or the form or
schedule and the date of its filing.
Amount Previously Paid: $715.73
Form or Registration No.: Schedule 14D-1
Filing Party: Quadrangle Associates I L.L.C.
Date Filed: August 23, 1999
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CUSIP No. NONE 14D-1 Page 3
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1. Name of Reporting Persons; I.R.S. Identification Nos. of Above Persons
Quadrangle Associates I L.L.C.
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------------
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
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3. SEC Use Only
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4 Sources of Funds
WC
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5. Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 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
None
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8. Check if the Aggregate Amount in Row 7 Excludes Certain Shares [ ]
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9. Percent of Class Represented by Amount in Row 7
0
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10. Type of Reporting Person
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OO
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CUSIP No. NONE 14D-1 Page 4
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1. Name of Reporting Persons; I.R.S. Identification Nos. of Above Persons
WIN MANAGER CORP.
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---------
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
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3. SEC Use Only
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4 Sources of Funds
N/A
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5. Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 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
None
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8. Check if the Aggregate Amount in Row 7 Excludes Certain Shares [ ]
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row 7
0
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10. Type of Reporting Person
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CO
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AMENDMENT NO. 1 TO SCHEDULE 14D-1
This Amendment No. 1 amends the Tender Offer Statement on Schedule
14D-1 (the "Statement") filed with the Securities and Exchange Commission on
August 23, 1999 by Quadrangle Associates I L.L.C., a Delaware limited liability
company (the "Purchaser"), and WIN Manager Corp., relating to the tender offer
by the Purchaser to purchase up to 22,366.5 outstanding units of limited
partnership interest ("Units") of Winthrop Partners 80 Limited Partnership (the
"Partnership"), at a purchase price of $160 per Unit, net to the seller in cash,
upon the terms and subject to the conditions set forth in the Offer to Purchase
dated August 23, 1999 (the "Offer to Purchase") and the related Letter of
Transmittal (which, together with any supplements or amendments, collectively
constitute the "Offer"), to (i) extend the expiration date until September 30,
1999 and (ii) to update certain information contained in the Offer to Purchase.
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
Item 11 is hereby amended to add the following:
(a)(4) Supplement No. 1 to Offer to Purchase dated September 20, 1999
(a)(5) Press Release dated September 20, 1999
5
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SIGNATURE
After due 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: September 20, 1999
QUADRANGLE ASSOCIATES I L.L.C.
By: WIN Manager Corp.
By: Michael L. Ashner
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Michael L. Ashner
Chief Executive Officer
WIN MANAGER CORP.
By: Michael L. Ashner
-----------------------------
Michael L. Ashner
Chief Executive Officer
6
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EXHIBIT INDEX
Exhibit Description
(a)(4) Supplement No. 1 to Offer to Purchase dated September 20, 1999
(a)(5) Press Release dated September 20, 1999
7
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Exhibit(a)(4)
SUPPLEMENT NO. 1 TO
OFFER TO PURCHASE FOR CASH
up to 22,366.5
Units of Limited Partnership Interest
in
WINTHROP PARTNERS 80 LIMITED PARTNERSHIP
For $160 NET PER UNIT
by
QUADRANGLE ASSOCIATES I L.L.C.
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OUR OFFER, WITHDRAWAL RIGHTS AND PRORATION PERIOD WILL
EXPIRE AT 12:00 MIDNIGHT NEW YORK TIME, ON SEPTEMBER 30, 1999,
UNLESS EXTENDED.
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On August 23, 1999, we offered to purchase up to 22,366.5 (49%) of the
outstanding units of limited partnership interest of Winthrop Partners 80
Limited Partnership ("your partnership") for a purchase price of $160 per
limited partnership interest, net to you in cash, without interest, upon the
terms and subject to the conditions set forth in our offer to purchase dated
August 23, 1999 and in the related letter of transmittal. Capitalized terms used
in this Supplement No. 1 that are not defined shall have the meaning given to
such term in our offer to purchase.
The purpose of this Supplement No. 1 is to advise you that (i) the
expiration date of our offer has been extended to 12:00 midnight, New York Time
on September 30, 1999 and (ii) the litigation entitled Richard Lewis and City
Partnerships v. Winthrop Financial Associates et. al., referenced in "Section
13. Background of the Offer" of our offer to purchase was dismissed on August
16, 1999 on the grounds that the plaintiffs have no individual claims. It is
possible that the plaintiffs may re-file this action as a derivative action.
QUADRANGLE ASSOCIATES I L.L.C.
September 20, 1999
8
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Exhibit (a)(5)
CONTACT: Quadrangle Associates I LLC
(888) 448-5554 (toll free)
FOR IMMEDIATE RELEASE
JERICHO, NEW YORK, September 20, 1999 - Quadrangle Associates I
L.L.C. today announced that it has extended the expiration date of its
outstanding offer for limited partnership interests in Winthrop Partners 80
Limited Partnership. The expiration date for each tender offer has been extended
to 12:00 midnight, New York time, on Thursday, September 30, 1999. The offer was
previously scheduled to expire at 12:00 midnight on September 20, 1999.
As of the close of business on September 17, 1999, approximately
6,228.48 interests had been tendered pursuant to the offer.
For further information, please contact Quadrangle Associates I
L.L.C. at (888) 448-5554 (toll free).
