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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.25)
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HEI, Inc.
(Name of Subject Company)
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FANT INDUSTRIES INC.
(Bidder)
COMMON STOCK, PAR VALUE $0.05 PER SHARE
(INCLUDING THE ASSOCIATED COMMON STOCK PURCHASE RIGHTS)
(Title of Class of Securities)
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404160103
(CUSIP Number of Class of Securities)
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ANTHONY J. FANT
PRESIDENT AND CHIEF EXECUTIVE OFFICER
FANT INDUSTRIES INC.
2154 HIGHLAND AVENUE
BIRMINGHAM, AL 35205
TELEPHONE: (205) 933-1030
(Name, Address and Telephone Number of Persons Authorized to Receive
Notices and Communications on Behalf of Bidder)
Copies To:
MICHAEL A. KING, ESQ.
BROWN & WOOD LLP
ONE WORLD TRADE CENTER
NEW YORK, NY 10048-0557
TELEPHONE: (212) 839-5546
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Fant Industries Inc. hereby amends and supplements its Tender Offer
Statement on Schedule 14D-1 (the "Statement") filed with the Securities and
Exchange Commission on March 10, 1998 relating to its offer to purchase 11.5% of
the outstanding shares of common stock, par value $0.05 per share, of HEI, Inc.,
a Minnesota corporation (together with the associated common stock purchase
rights), as set forth in this Amendment No.25.
ITEM 11) MATERIAL TO BE FILED AS EXHIBITS.
Item 11 is hereby amended to add the following:
(a) (38) Advertisement, published July 14, 1998.
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SIGNATURES
After reasonable 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: July 14, 1998
FANT INDUSTRIES INC.
By:/s/ Anthony J. Fant
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Anthony J. Fant
President and Chief Executive Officer
Fant Industries Inc.
/s/ Anthony J. Fant
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Anthony J. Fant
Exhibit (a) (38)
Attention Shareholders of HEI, Inc.:
FANT INDUSTRIES INC. is pleased to announce that it has increased its cash
tender offer for 11.5% of the shares of HEI, Inc. to $9.00 per share cash.
To take advantage of this offer, you must tender your shares and return the
GREEN proxy card, if you have not done so already.
The Fant Industries Inc. tender offer, proration period, and withdrawal rights
have been extended and will expire on Tuesday, August 4, 1998 at 12:00
midnight, New York City Time, unless extended further. All shareholders whose
shares are validly tendered and not withdrawn and accepted for payment
pursuant to the offer, including shares previously tendered, will receive the
increased price of $9.00 per share. To date, approximately 1,485,000 shares of
the Company's Common Stock have been tendered.
If you have questions or need assistance in tendering or voting your shares,
please contact Beacon Hill Partners at (800) 253-3814.
FANT INDUSTRIES INC.
