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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
AMENDMENT NO. 3
UNDER THE SECURITIES
EXCHANGE ACT
OF 1934
ORCHARD SUPPLY HARDWARE STORES
CORPORATION
(NAME OF SUBJECT COMPANY)
SEARS, ROEBUCK AND CO.
GROVE ACQUISITION CORP.
(BIDDER)
COMMON STOCK, $.01 PAR VALUE
(TITLE OF CLASS OF SECURITIES)
685691107
(CUSIP NUMBER OF CLASS OF SECURITIES)
MICHAEL D. LEVIN, ESQ.
SEARS, ROEBUCK AND CO.
3333 BEVERLY ROAD
HOFFMAN ESTATES, ILLINOIS 60179
TELEPHONE: (847) 286-2500
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSONS AUTHORIZEDTO RECEIVE NOTICES AND
COMMUNICATIONS ON BEHALF OF BIDDER)
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COPY TO:
MARC D. BASSEWITZ, ESQ.
LATHAM & WATKINS
SEARS TOWER, SUITE 5800
233 SOUTH WACKER DRIVE
CHICAGO, ILLINOIS 60606-6401
TELEPHONE: (312) 876-7700
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SCHEDULE 13D
CUSIP NO. 68569110-7
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1NAME OF REPORTING PERSON: GROVE ACQUISITION CORP.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 36-4104633
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2CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A) [_]
(B) [_]
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3SEC USE ONLY
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4SOURCE OF FUNDS
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OF 2(E) [_]
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6CITIZENSHIP OR PLACE OF ORGANIZATION
STATE OF DELAWARE
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7SOLE VOTING POWER
NUMBER OF ---------------------------------------------------------------
SHARES 8SHARED VOTING POWER
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
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9SOLE DISPOSITIVE POWER
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10SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,222,423
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
100%
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14 TYPE OF REPORTING PERSON
CO
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SCHEDULE 13D
CUSIP NO. 68569110-7
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1NAME OF REPORTING PERSON: SEARS, ROEBUCK AND CO.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 36-1750680
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2CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A) [_]
(B) [_]
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3SEC USE ONLY
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4SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OF 2(E) [_]
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6CITIZENSHIP OR PLACE OF ORGANIZATION
STATE OF NEW YORK
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7SOLE VOTING POWER
NUMBER OF ---------------------------------------------------------------
SHARES 8SHARED VOTING POWER
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
---------------------------------------------------------------
9SOLE DISPOSITIVE POWER
---------------------------------------------------------------
10SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,222,423
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
100%
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14 TYPE OF REPORTING PERSON
CO
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This Amendment to Schedule 13D amends Schedule 13D filed with the Securities
Exchange Commission on August 21, 1996, by Sears, Roebuck and Co. (the
"Parent") and Grove Acquisition Corp. (the "Purchaser") with respect to the
offer to purchase all of the shares of Common Stock, par value $.01 per share
(the "Shares"), of Orchard Supply Hardware Stores Corporation (the "Company").
Items 4 and 5 of the Schedule 13D (which were set forth as Item 6 of
Schedule 14D-1 filed by the Parent and the Purchaser), are each hereby amended
to add the following information:
On September 26, 1996, the Purchaser merged with and into the Company
pursuant to a Certificate of Ownership and Merger filed on that date with the
Delaware Secretary of State under which all of the outstanding Shares of
common stock of the Company not previously owned by the Purchaser or the
Parent were converted into the right to receive $35 per share in cash and the
outstanding shares of the Purchaser were converted into shares of common stock
of the surviving corporation. As a result, the Parent has voting and
dispositive power with respect to 100% of the outstanding shares of common
stock of the Company as the surviving corporation.
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
(a)(11)
Press Release issued by the Parent on September 26, 1996.
4
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SIGNATURE
AFTER DUE INQUIRY AND TO THE BEST OF THE UNDERSIGNED'S KNOWLEDGE AND BELIEF,
THE UNDERSIGNED CERTIFIES THAT THE INFORMATION SET FORTH IN THIS STATEMENT IS
TRUE, CORRECT AND COMPLETE.
Sears, Roebuck and Co.
/s/ Gary L. Crittenden
By __________________________________
Executive Vice President
Dated: September 26, 1996
5
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SIGNATURE
AFTER DUE INQUIRY AND TO THE BEST OF THE UNDERSIGNED'S KNOWLEDGE AND BELIEF,
THE UNDERSIGNED CERTIFIES THAT THE INFORMATION SET FORTH IN THIS STATEMENT IS
TRUE, CORRECT AND COMPLETE.
Grove Acquisition Corp.
/s/ Gary L. Crittenden
By __________________________________
Executive Vice Presidentand
Treasurer
Dated: September 26, 1996
6
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EXHIBIT INDEX
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NUMBER DESCRIPTION PAGE
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<C> <S> <C>
(a)(11) Press Release issued by the Parent on September 26,
1996.
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7
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EXHIBIT(A)(11)
FOR IMMEDIATE RELEASE September 26, 1996
SEARS COMPLETES ACQUISITION
OF ORCHARD SUPPLY HARDWARE STORES
HOFFMAN ESTATES, ILL.--Sears, Roebuck and Co. today announced that it has
completed the acquisition of all outstanding shares of Orchard Supply Hardware
Stores Corporation common stock pursuant to the Merger Agreement dated August
14, 1996.
On September 19, 1996, Sears and Orchard announced that a Sears subsidiary
had accepted for payment approximately 8,705,203 shares, representing 98.67%
of Orchard's outstanding stock at $35.00 per share. The Sears subsidiary was
merged into Orchard on September 26, 1996, with all untendered, non-dissenting
Orchard shares being converted into the right to receive $35.00 per share in
cash.
Orchard Supply Hardware Stores Corporation, through its 61 hardware
superstores in California, specializes in serving the needs of the "fix-it"
homeowner focused on repair and maintenance projects.
Sears, Roebuck and Co. [NYSE: S] owns and operates more than 2,300
department and specialty stores in the U.S., including HomeLife furniture,
Sears Hardware, and automotive parts and tire outlets.
