<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
--------------------------
SCHEDULE 14D-1
TENDER OFFER STATEMENT PURSUANT TO SECTION
14(D)(1) OF THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 7)
FARAH INCORPORATED
(Name of Subject Company)
TROPICAL SPORTSWEAR INT'L CORPORATION
FOXFIRE ACQUISITION CORP.
(Bidders)
COMMON STOCK, NO PAR VALUE PER SHARE
(Title of Class of Securities)
307387100
(CUSIP Number)
MICHAEL KAGAN
EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER
TROPICAL SPORTSWEAR INT'L CORPORATION
4902 WEST WATERS AVENUE
TAMPA, FLORIDA 33634-1302
(813) 249-4900
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
Copy to:
STEPHEN A. OPLER
ALSTON & BIRD LLP
1201 WEST PEACHTREE STREET
ATLANTA, GEORGIA 30309-3424
1 of 5 Pages
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SCHEDULE 14D-1
<TABLE>
<S> <C>
- --------------------------------------------- ------------------------------------------
CUSIP NO. 307387100 PAGE 2 OF 5 PAGES
- --------------------------------------------- ------------------------------------------
- -------- -----------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSON
TROPICAL SPORTSWEAR INT'L CORPORATION
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- -------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) |_|
(B) |X|
- -------- -----------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- -------- -----------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(E) OR 2(F) |_|
- -------- -----------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
FLORIDA
- -------- -----------------------------------------------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,757,923
- -------- -----------------------------------------------------------------------------------------------------------
8 CHECK THE BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES* |_|
- -------- -----------------------------------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
94.7%
- -------- -----------------------------------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON*
CO
- -------- -----------------------------------------------------------------------------------------------------------
</TABLE>
Page 2 of 5 Pages
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<TABLE>
<S> <C>
- --------------------------------------------- ------------------------------------------
CUSIP NO. 307387100 PAGE 3 OF 5 PAGES
- --------------------------------------------- ------------------------------------------
- -------- -----------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSON
FOXFIRE ACQUISITION CORP.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- -------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) |_|
(B) |X|
- -------- -----------------------------------------------------------------------------------------------------------
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
TEXAS
- -------- -----------------------------------------------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,757,923
- -------- -----------------------------------------------------------------------------------------------------------
8 CHECK THE BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES* |_|
- -------- -----------------------------------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
94.7%
- -------- -----------------------------------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON*
CO
- -------- -----------------------------------------------------------------------------------------------------------
</TABLE>
Page 3 of 5 Pages
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TENDER OFFER
This Amendment No. 7 to the Schedule 14D-1 relates to the offer by
Foxfire Acquisition Corp., a Texas corporation (the "Purchaser") and a wholly
owned subsidiary of Tropical Sportswear Int'l Corporation, a Florida corporation
("TSI"), to purchase all of the outstanding shares (the "Shares") of Common
Stock, no par value per share (the "Common Stock") of Farah Incorporated, a
Texas corporation (the "Company"), at $9.00 per Share, net to the seller in
cash, upon the terms and subject to the conditions set forth in the Offer to
Purchase dated May 8, 1998 (the "Offer to Purchase") and in the related Letter
of Transmittal (which together constitute the "Offer"), copies of which were
attached as Exhibits (a)(1) and (a)(2), respectively, to the Schedule 14D-1
filed with the Securities and Exchange Commission (the "Commission") on May 8,
1998, as amended by Amendment No. 1 dated May 19, 1998, Amendment No. 2 dated
May 27, 1998, Amendment No. 3 dated May 28, 1998, Amendment No. 4 dated May 29,
1998, Amendment No. 5 dated June 2, 1998 and Amendment No. 6 dated June 5, 1998
(the "Schedule 14D-1"). The purpose of this Amendment No. 7 is to amend and
supplement Item 10 of the Schedule 14D-1 as described below.
Pursuant to Instruction F of Schedule 14D-1, this statement is
submitted in satisfaction of the reporting obligation of the Purchaser and TSI
under Section 13(d) of the Securities Exchange Act of 1934, as amended.
ITEM 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY.
At midnight, New York City time, on June 5, 1998, the Offer expired.
Based on preliminary information provided by the Depositary, 9,757,923 Shares
(or 94.7% of the Shares outstanding) were validly tendered and not withdrawn
pursuant to the Offer, including 45,812 Shares tendered pursuant to notices of
guaranteed delivery. The Purchaser has accepted for payment all such Shares at
the purchase price of $9.00 per Share in cash. Pursuant to the Agreement and
Plan of Merger, dated May 1, 1998, by and among the Purchaser, TSI and the
Company, TSI intends to effect a merger of the Purchaser with and into the
Company on Wednesday, June 10, 1998. Upon the consummation of the Merger, each
outstanding Share (other than Shares acquired by the Purchaser in the Offer)
will be converted into the right to receive $9.00 in cash.
ITEM 10. ADDITIONAL INFORMATION.
Reference is made to the press release issued by TSI on June 8, 1998,
the text of which is filed as Exhibit (a)(13) to this Amendment No. 7 to the
Schedule 14D-1 and is incorporated herein by reference.
Page 4 of 5 Pages
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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: June 8, 1998
FOXFIRE ACQUISITION CORP.
By: /s/ Michael Kagan
Michael Kagan
Chief Financial Officer
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: June 8, 1998
TROPICAL SPORTSWEAR INT'L CORPORATION
By: /s/ Michael Kagan
Michael Kagan
Executive Vice President and
Chief Financial Officer
Page 5 of 5 Pages
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EXHIBIT 99(a)(13)
TROPICAL SPORTSWEAR INT'L CORPORATION COMPLETES
TENDER OFFER FOR FARAH INCORPORATED
- - - - - - - - -
TAMPA, FL (June 8, 1998) - Tropical Sportswear Int'l Corporation
(NASDAQ:TSIC) ("Tropical") announced today that its wholly-owned subsidiary,
Foxfire Acquisition Corp., has completed its $9 per share cash tender offer for
all outstanding shares of Farah Incorporated (NYSE: FRA) ("Farah"). The offer
expired, as scheduled, at midnight, New York City time, on Friday, June 5, 1998.
As of the termination of the offer, based on a preliminary count from
the depositary for the offer, 9,757,923 shares of Farah's common stock had been
tendered and accepted for payment, including 45,812 tendered pursuant to notices
of guaranteed delivery. These tendered shares represent 94.7% of Farah's
outstanding shares. Tropical and Farah will now proceed to complete a merger
pursuant to which TSI will acquire the remaining shares of Farah for $9 per
share in cash. The merger is expected to be completed on June 10, 1998.
