SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 3 to
SCHEDULE 13D
(Final Amendment)
Under the Securities Exchange Act of 1934
ADT Limited
----------------
(Name of Issuer)
Common Shares, Par Value $.10 Per Share
---------------------------------------
(Title of Class and Securities)
000915306
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(CUSIP Number of Class of Securities)
Richard L. Handley
Senior Vice President and General Counsel
Republic Industries, Inc.
450 East Las Olas Boulevard, Suite 1200
Fort Lauderdale, FL 33301
Telephone: (954) 713-5200
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
Copy to:
Richard L. Easton
Skadden, Arps, Slate, Meagher & Flom LLP
919 Third Avenue
New York, New York 10022
(212) 735-3000
May 8, 1997
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(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the
subject of this Statement because of Rule 13d-1(b)(3) or
(4), check the following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 000915306
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Republic Industries, Inc. I.R.S. ID No. 73-1105145
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) (x)
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS
NA
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF -0-
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON
WITH -0-
___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
_________________________________________________________________
(14) TYPE OF REPORTING PERSON
CO
_________________________________________________________________
SCHEDULE 13D
CUSIP No. 000915306
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Triangle Corporation I.R.S. ID No. Applied For
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) (x)
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS
BK
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF -0-
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON
WITH -0-
___________________________________
(10) SHARED DISPOSITIVE POWER
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
_________________________________________________________________
(14) TYPE OF REPORTING PERSON
CO
_________________________________________________________________
This Amendment No. 3 to the Statement on Schedule 13D
dated July 11, 1996 filed by Republic Industries, Inc.
("Republic"), as heretofore amended (the "Statement"), is filed
on behalf of Republic and Triangle Corporation, a wholly owned
subsidiary of Republic ("Triangle"). Republic and Triangle are
collectively referred to herein as the "Reporting Persons".
Capitalized terms used but not defined herein have the meanings
ascribed to them in the Statement.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended to add the following:
On May 7, 1997, Triangle sold the 15,000,000 Common
Shares it acquired upon exercise of the Warrant (the "Warrant
Shares") for aggregate net proceeds of $412.5 million in
transactions effected through a broker on the New York Stock
Exchange, as follows:
No. of Price
Shares Per Share
------ ---------
5,000,000 $27.50
5,000,000 27.50
2,200,000 27.50
1,800,000 27.50
950,000 27.50
50,000 27.50
As a result of these sales, neither of the Reporting
Persons beneficially owns any Common Shares. Under the terms of
the Warrant, the proxy previously granted to the Chairman of ADT
to vote the Warrant Shares was automatically revoked upon the
sale of such shares.
SIGNATURE
After reasonable inquiry and to the best of their
knowledge and belief, the undersigned certify that the
information set forth in this Statement is true, complete and
correct.
Dated: May 8, 1997
REPUBLIC INDUSTRIES, INC.
By: /s/ Richard L. Handley
------------------------------
Richard L. Handley
Senior Vice President and
General Counsel
TRIANGLE CORPORATION
By: /s/ Richard L. Handley
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Richard L. Handley
Vice President
