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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 14D-1/A
Tender Offer Statement Pursuant to Section 14(d)(1)
of the Securities Exchange Act of 1934
(Amendment No. 1)
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ANDROS INCORPORATED
(Name of Subject Company)
ANDROS ACQUISITION INC.
ANDROS HOLDINGS INC.
(Bidder)
Common Stock, $.01 par value
(Title of Class of Securities)
345281
(CUSIP Number of Class of Securities)
Richard D. Paterson
Andros Holdings Inc.
Metro Tower, Suite 1170
950 Tower Lane
Foster City, California 94404-2121
Telephone: (415) 286-2350
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications on Behalf of Bidder)
Copy to:
Michael J. Kennedy, Esq.
Shearman & Sterling
555 California Street
San Francisco, California 94104-1522
Telephone: (415) 616-1100
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This Amendment No. 1 to the Tender Offer Statement on Schedule 14D-1
(the "Statement") relates to the offer by Andros Acquisition Inc., a
corporation organized under the laws of the State of Delaware ("Purchaser")
and a wholly owned subsidiary of Andros Holdings Inc., a corporation organized
under the laws of the State of Delaware ("Parent") and formed at the direction
of Genstar Capital Partners II, L.P. ("GCP II"), a Delaware limited
partnership the sole general partner of which is Genstar Capital LLC
("GCLLC"), to purchase all outstanding shares of common stock, par value $.01
per share (the "Shares"), of Andros Incorporated, a corporation organized
under the laws of the State of Delaware (the "Company"), at a price of $18.00
per Share, net to the seller in cash, upon the terms and subject to the
conditions set forth in Purchaser's Offer to Purchase dated February 21, 1996
(the "Offer to Purchase") and in the related Letter of Transmittal (which
together constitute the "Offer"), copies of which were attached to the
Statement as Exhibits (a)(1) and (a)(2), thereto, respectively.
ITEM 10. ADDITIONAL INFORMATION.
Item 10(e) is hereby amended and supplemented as follows:
On March 4, 1996, a putative class action was filed in the Court of
Chancery in the State of Delaware on behalf of the stockholders of the Company
alleging causes of action arising out of the Offer and the proposed Merger. IRA
FBO DANIEL W. KRASNER V. ANDROS INCORPORATED, ET AL., Civ. Action No. 14872.
The defendants in this action include the Company and its directors. The action
alleges that the Board breached their fiduciary duties and specifically alleges
that the Board breached its fiduciary duties by failing to undertake an adequate
evaluation of the Company as a potential acquisition candidate and to take
adequate steps to enhance the Company's value as an acquisition candidate. The
action seeks INTER ALIA to enjoin the defendants from taking steps to accomplish
the Offer and the proposed Merger under their present terms. The Company
believes that the putative class action suit is without merit and intends to
defend it vigorously.
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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.
March 7, 1996 ANDROS ACQUISITION INC.
By /s/ Jean-Pierre L. Conte
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Jean-Pierre L. Conte
Vice President and Treasurer
ANDROS HOLDINGS INC.
By /s/ Jean-Pierre L. Conte
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Jean-Pierre L. Conte
Vice President and Treasurer
