<PAGE>
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 14D-1/A
(AMENDMENT NO. 3--FINAL AMENDMENT)
TENDER OFFER STATEMENT
PURSUANT TO SECTION 14(D)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
AND
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
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SUN COAST INDUSTRIES, INC.
(NAME OF SUBJECT COMPANY)
FREMONT PARTNERS, L.P.
SAFFRON ACQUISITION CORP.
KERR GROUP, INC.
(BIDDERS)
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COMMON STOCK, PAR VALUE $.01 PER SHARE (AND ASSOCIATED PURCHASE RIGHTS)
(TITLE OF CLASS OF SECURITIES)
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866670201
(CUSIP NUMBER OF CLASS OF SECURITIES)
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GILBERT H. LAMPHERE
PRESIDENT
SAFFRON ACQUISITION CORP.
C/O FREMONT PARTNERS, L.P.
50 FREMONT STREET
SUITE 3700
SAN FRANCISCO, CALIFORNIA 94105
(415) 284-8500
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND
COMMUNICATIONS ON BEHALF OF BIDDER)
COPY TO:
KENTON J. KING, ESQ.
SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
FOUR EMBARCADERO CENTER, SUITE 3800
SAN FRANCISCO, CALIFORNIA 94111
(415) 984-6400
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SCHEDULE 14D-1
CUSIP NO. 866670201
Names of Reporting Person S.S. or I.R.S.
Identification Nos. of Above Persons
1.
Saffron Acquisition Corp.
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Check the Appropriate Box if a Member of a Group
2. (a) [_]
(b) [_]
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SEC Use Only
3.
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Source of Funds AF
4.
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Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(e) or 2(f)
5. [_]
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Citizenship or Place of Organization
6.
Delaware
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Aggregate Amount Beneficially Owned by Each Reporting
Person
7.
3,773,738 shares of Common Stock (including 25,694
shares subject to guarantee of delivery)
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Check Box if the Aggregate Amount in Row (7) Excludes [_]
Certain Shares
8.
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Percent of Class Represented by Amount in Row (7)
9.
92%
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Type of Reporting Person
10.
CO
1
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SCHEDULE 14D-1
CUSIP NO. 866670201
Names of Reporting Person S.S. or I.R.S.
Identification Nos. of Above Persons
1.
Kerr Group, Inc.
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Check the Appropriate Box if a Member of a Group
2. (a) [_]
(b) [_]
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SEC Use Only
3.
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Source of Funds BK, AF
4.
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Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(e) or 2(f)
5. [_]
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Citizenship or Place of Organization
6.
Delaware
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Aggregate Amount Beneficially Owned by Each Reporting
Person
7.
3,773,738 shares of Common Stock (including 25,694
shares subject to guarantee of delivery)
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Check Box if the Aggregate Amount in Row (7) Excludes [_]
Certain Shares
8.
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Percent of Class Represented by Amount in Row (7)
9.
92%
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Type of Reporting Person
10.
CO
2
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SCHEDULE 14D-1
CUSIP NO. 866670201
Names of Reporting Person S.S. or I.R.S.
Identification Nos. of Above Persons
1.
Fremont Partners, L.P.
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Check the Appropriate Box if a Member of a Group
2. (a) [_]
(b) [_]
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SEC Use Only
3.
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Source of Funds OO
4.
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Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(e) or 2(f)
5. [_]
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Citizenship or Place of Organization
6.
Delaware
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Aggregate Amount Beneficially Owned by Each Reporting
Person
7.
3,773,738 shares of Common Stock (including 25,694
shares subject to guarantee of delivery)
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Check Box if the Aggregate Amount in Row (7) Excludes [_]
Certain Shares
8.
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Percent of Class Represented by Amount in Row (7)
9.
92%
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Type of Reporting Person
10.
PN
3
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SCHEDULE 14D-1
CUSIP NO. 866670201
Names of Reporting Person S.S. or I.R.S.
Identification Nos. of Above Persons
1.
FP Advisors, L.L.C.
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Check the Appropriate Box if a Member of a Group
2. (a) [_]
(b) [_]
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SEC Use Only
3.
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Source of Funds OO
4.
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Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(e) or 2(f)
5. [_]
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Citizenship or Place of Organization
6.
Delaware
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Aggregate Amount Beneficially Owned by Each Reporting
Person
7.
3,773,738 shares of Common Stock (including 25,694
shares subject to guarantee of delivery)
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Check Box if the Aggregate Amount in Row (7) Excludes [_]
Certain Shares
8.
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Percent of Class Represented by Amount in Row (7)
9.
92%
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Type of Reporting Person
10.
OO (limited liability company)
4
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SCHEDULE 14D-1
CUSIP NO. 866670201
Names of Reporting Person S.S. or I.R.S.
Identification Nos. of Above Persons
1.
Fremont Group, L.L.C.
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Check the Appropriate Box if a Member of a Group
2. (a) [_]
(b) [_]
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SEC Use Only
3.
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Source of Funds OO
4.
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Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(e) or 2(f)
5. [_]
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Citizenship or Place of Organization
6.
Delaware
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Aggregate Amount Beneficially Owned by Each Reporting
Person
7.
3,773,738 shares of Common Stock (including 25,694
shares subject to guarantee of delivery)
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Check Box if the Aggregate Amount in Row (7) Excludes [_]
Certain Shares
8.
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Percent of Class Represented by Amount in Row (7)
9.
92%
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Type of Reporting Person
10.
OO (limited liability company)
5
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SCHEDULE 14D-1
CUSIP NO. 866670201
Names of Reporting Person S.S. or I.R.S.
Identification Nos. of Above Persons
1.
Fremont Investors, Inc.
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Check the Appropriate Box if a Member of a Group
2. (a) [_]
(b) [_]
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SEC Use Only
3.
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Source of Funds OO
4.
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Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(e) or 2(f)
5. [_]
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Citizenship or Place of Organization
6.
Nevada
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Aggregate Amount Beneficially Owned by Each Reporting
Person
7.
3,773,738 shares of Common Stock (including 25,694
shares subject to guarantee of delivery)
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Check Box if the Aggregate Amount in Row (7) Excludes [_]
Certain Shares
8.
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Percent of Class Represented by Amount in Row (7)
9.
92%
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Type of Reporting Person
10.
CO
6
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TENDER OFFER
This Amendment No. 3 (Final Amendment) constitutes the final amendment to
the Tender Offer Statement on Schedule 14D-1/13D (the "Schedule 14D-1/13D")
filed with the Securities and Exchange Commission on February 3, 1998 by
Saffron Acquisition Corp. (the "Purchaser"), Kerr Group, Inc. ("Parent") and
Fremont Partners, relating to the offer by the Purchaser to purchase all of
the outstanding shares (the "Shares") of common stock, par value $.01 per
share (the "Common Stock") of Sun Coast Industries, Inc., a Delaware
corporation (the "Company") at $10.75 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 3, 1998 (the "Offer to Purchase"), a copy of which is
attached to the Schedule 14D-1/13D as Exhibit (a)(1), and the related Letter
of Transmittal, a copy of which is attached to the Schedule 14D-1/13D as
Exhibit (a)(2). This filing also constitutes Amendment No. 3 to the Schedule
13D originally filed pursuant to Section 13(d) of the Securities Exchange Act
of 1934, as amended, on behalf of the Purchaser, Parent, Fremont Partners,
L.P., FP Advisors, L.L.C., Fremont Group, L.L.C. and Fremont Investors, Inc.
Capitalized terms used but not otherwise defined herein have the meanings
ascribed to such terms in the Offer to Purchase and the Schedule 14D-1/13D.
ITEM 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY.
Item 6 is hereby amended and supplemented by adding thereto the following:
(a)-(b) The Offer expired at 12:00 midnight, New York City time, on Tuesday,
March 3, 1998. Based on information provided by the Depositary, there were
validly tendered and not withdrawn 3,773,738 shares of Common Stock (including
25,694 shares subject to guarantee of delivery), or approximately 92% of the
issued and outstanding shares of Common Stock. The Shares validly tendered and
not withdrawn at such time were accepted for payment. On March 4, 1998, the
Purchaser, Parent and the Company issued a joint press release attached hereto
as Exhibit (a)(11). On March 4, 1998, the Purchaser's wholly-owned subsidiary,
Saffron II Acquisition Corp., and the Company effected a short-form merger
pursuant to Section 253 of the Delaware General Corporation Law. On March 5,
1998, the Company filed a Form 15 pursuant to the Securities Exchange Act of
1934, as amended, and concurrently notified the New York Stock Exchange.
ITEM 11. MATERIALS TO BE FILED AS EXHIBITS.
Item 11 is hereby amended and supplemented by adding thereto the following
Exhibit:
(a)(11) Press Release jointly issued by the Purchaser, Parent and the
Company, dated March 4, 1998.
7
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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.
Date: March 4, 1998
Saffron Acquisition Corp.
/s/ Gilbert H. Lamphere
By: _________________________________
Gilbert H. Lamphere
President
8
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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.
Date: March 4, 1998
Kerr Group, Inc.
/s/ Gilbert H. Lamphere
By: _________________________________
Gilbert H. Lamphere
Chairman of the Board of
Directors
9
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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.
Date: March 4, 1998
Fremont Partners, L.P.
By: FP Advisors, L.L.C., its general
partner
By: Fremont Group, L.L.C., its
managing member
By: Fremont Investors, Inc.,
its manager
/s/ R. S. Kopf
By:________________________
Name: R. S. Kopf
Title: Managing
Director, General
Counsel and
Secretary
10
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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.
Date: March 4, 1998
FP Advisors, L.L.C.
By: Fremont Group, L.L.C., its
managing member
By: Fremont Investors, Inc., its
manager
/s/ R. S. Kopf
By: _________________________________
Name: R. S. Kopf
Title: Managing Director,General
Counseland Secretary
11
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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.
Date: March 4, 1998
Fremont Group, L.L.C.
By: Fremont Investors, Inc., its
manager
/s/ R. S. Kopf
By: _________________________________
Name: R. S. Kopf
Title: Managing Director,General
Counsel and Secretary
12
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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.
Date: March 4, 1998
Fremont Investors, Inc.
/s/ R. S. Kopf
By: _________________________________
Name: R. S. Kopf
Title: Managing Director,General
Counseland Secretary
13
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INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT
NUMBER EXHIBIT
------- -------
<C> <S>
Press Release jointly issued by the Purchaser Parent and the Company,
(a)(11) dated March 4, 1998.
</TABLE>
14
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EXHIBIT 99(A)(11)
PRESS RELEASE
KERR GROUP, INC. AND SUN COAST INDUSTRIES, INC.
FOR IMMEDIATE RELEASE
KERR GROUP, INC. ANNOUNCES COMPLETION OF TENDER OFFER
FOR SHARES OF SUN COAST INDUSTRIES, INC.
DALLAS, TEXAS, March 4, 1998 . . . Kerr Group, Inc. ("Kerr"), a company
majority owned by Fremont Partners, and Sun Coast Industries, Inc. ("Sun
Coast") jointly announced today that Kerr has completed its tender offer for
all outstanding shares of common stock of Sun Coast (NYSE:SN) at $10.75 net
per share of common stock.
The offer expired, as scheduled, at 12:00 midnight, New York City time, on
March 3, 1998.
As of the termination of the offer, based on a preliminary count from the
Depositary, American Stock Transfer and Trust Company, approximately 3,748,043
shares of Sun Coast common stock had been physically tendered and not
withdrawn, and approximately 25,694 were tendered pursuant to guarantees of
delivery, which combined represented 91.65% of the issued and outstanding
shares of common stock of Sun Coast. Kerr Group has accepted for payment all
validly tendered shares. Following the tender offer, approximately 343,892
shares remain outstanding. Subject to the terms of the merger agreement
between Kerr and Sun Coast, shares of common stock not tendered will be
converted into the right to receive $10.75 net per share of common stock
pursuant to a second-step merger between Sun Coast and Saffron II Acquisition
Corp., a wholly owned subsidiary of Saffron Acquisition Corp., which, in turn,
is wholly owned by Kerr. The second-step merger is expected to be effected as
soon as practicable hereafter.
Both Saffron Acquisition Corp. and Saffron II Acquisition Corp. were formed
at the direction of Kerr. Kerr, headquartered in Lancaster, Pennsylvania, is a
major producer of tamper-evident and child-resistant plastic closures, and
plastic vials and bottles for the pharmaceutical, drug, food and distilled
spirits industries. Kerr was acquired by Fremont Partners in August 1997.
Headquartered in Dallas, Texas, Sun Coast's primary business is the
manufacture of linerless, foil or foam-lined and tamper-evident plastic
closures and lids for use in bottling and packaging of food, beverage,
chemical and pharmaceutical products.
Following the transaction, the newly acquired Sun Coast will become Kerr's
Food and Distilled Beverage Division with facilities in Sarasota, Florida and
Bowling Green, Kentucky. Kerr's interest in Sun Coast is based on the strong
market share Sun Coast has in the food segment of the closure business. Kerr
sees significant product and production synergies between the two companies as
it builds a complete products line of closures for its customers in food and
beverages.
Mr. Arno Pirkau, formerly the President of Sun Coast Closures, Inc. (a
division of Sun Coast Industries, Inc.) and the Executive Vice President of
Sun Coast Industries, Inc. has been appointed as President of the newly formed
Food and Distilled Spirits Group. Mr. Pirkau, a co-founder of Sun Coast with
over 30 years experience in the plastics industry, will oversee the Florida
and Kentucky facilities.
Fremont Partners is a $600 million private equity fund, headquartered in San
Francisco. Fremont Partners is affiliated with The Fremont Group, a private
investment company with more than $7 billion in assets under management. In
addition to Kerr, Fremont Partners has a significant investment in Kinetic
Concepts, Inc., a worldwide leader in the development and delivery of
innovative therapeutic systems. Fremont Partners' investment in Kinetic
Concepts was made in November 1997 in a recapitalization transaction totaling
approximately $900 million.
Contact:
Larry Dennedy
MacKenzie Partners, Inc.
(800) 322-2885
