UNITED STATIONERS INC
SC 14D1/A, 1995-03-23
PAPER & PAPER PRODUCTS
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
 
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                                 SCHEDULE 14D-1
                                
                             (AMENDMENT NO. 8)     
 
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              TENDER OFFER STATEMENT PURSUANT TO SECTION 14(D)(1)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
 
                                      AND
 
                                  SCHEDULE 13D
                                
                             (AMENDMENT NO. 8)     
 
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                   UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
                             UNITED STATIONERS INC.
                           (NAME OF SUBJECT COMPANY)
 
                           ASSOCIATED HOLDINGS, INC.
                                    (BIDDER)
 
                         COMMON STOCK, $0.10 PAR VALUE
                         (TITLE OF CLASS OF SECURITIES)
 
                                  913004 10 7
                     (CUSIP NUMBER OF CLASS OF SECURITIES)
 
                               THOMAS W. STURGESS
                             CHAIRMAN OF THE BOARD
                     750 NORTH ST. PAUL STREET, SUITE 1200
                              DALLAS, TEXAS 75201
          (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO
          RECEIVE NOTICES AND COMMUNICATIONS ON BEHALF OF THE BIDDER)
 
                                    COPY TO:
                         LAWRENCE D. STUART, JR., ESQ.
                             WEIL, GOTSHAL & MANGES
                         100 CRESCENT COURT, SUITE 1300
                            DALLAS, TEXAS 75201-6950
 
                               FEBRUARY 13, 1995
        (DATE OF EVENT WHICH REQUIRES FILING STATEMENT ON SCHEDULE 13D)
 
                           CALCULATION OF FILING FEE
 
 
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<TABLE>
<CAPTION>
           TRANSACTION VALUATION*                       AMOUNT OF FILING FEE**
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<S>                                                     <C>
     $266,628,505                                              $53,426
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</TABLE>
 * Estimated for purposes of calculating the amount of the filing fee only. The
   amount assumes the purchase of 17,201,839 shares of the common stock, $0.10
   par value (the "Shares"), of United Stationers Inc., a Delaware corporation
   (the "Company"), at a purchase price of $15.50 per share, net to the seller
   in cash. Such number of Shares represents 92.5% of all the Shares
   outstanding as of February 10, 1995, and assumes the buy-out of all existing
   options to acquire Shares from the Company.
 
** Includes a fee of $100 with respect to the filing of Schedule 13D in
   accordance with Rule 13d-7.
 
[X]Check box if any part of the fee is offset as provided by Rule 0-11(a)(2)
   and identify the filing with which the offsetting fee was previously paid.
   Identify the previous filing by registration statement number, or the form
   or schedule and the date of its filing.
 
AMOUNT PREVIOUSLY PAID: $53,426          FILING PARTY: ASSOCIATED HOLDINGS, INC.
FORM OR REGISTRATION NO.: SCHEDULE 14D-1           DATE FILED: FEBRUARY 21, 1995
                     SCHEDULE 13D
 
 
                               Page 1 of 6 Pages
                       Exhibit Index is located on Page 5
 
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  This Statement amends and supplements the Tender Offer Statement on Schedule
14D-1 filed with the Securities and Exchange Commission on February 21, 1995
(as heretofore amended and further amended by this Amendment No. 8, the
"Schedule 14D-1") by Associated Holdings, Inc., a Delaware corporation
("Associated"), relating to the offer by Associated to purchase up to
17,201,839 shares of the common stock, $0.10 par value (the "Shares"), of the
Company, at a purchase price of $15.50 per share, net to the seller in cash,
upon the terms and subject to the conditions set forth in the Offer to Purchase
dated February 21, 1995 (the "Offer to Purchase"), the Supplement No. 1 to the
Offer to Purchase dated March 9, 1995 (the "Supplement"), and in the related
Letter of Transmittal (which, together with the Offer to Purchase, the
Supplement and any amendments or supplements thereto, collectively constitute
the "Offer"), filed as Exhibits (a)(1), (a)(12) and (a)(2), respectively.     
 
  This Statement also amends and supplements the Statement on Schedule 13D with
respect to the acquisition by Associated of beneficial ownership of Shares held
by persons who have agreed, subject to certain conditions, to tender their
Shares in the Offer. The item numbers and responses thereto below are in
accordance with the requirements of Schedule 14D-1.
 
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS
 
  (a)(1)  Offer to Purchase, dated February 21, 1995.
 
  (a)(2)  Letter of Transmittal.
 
  (a)(3)  Notice of Guaranteed Delivery.
 
  (a)(4)  Letter to Brokers, Dealers, Commercial Banks, Trust Companies and
          Other Nominees.
 
  (a)(5)  Letter to Clients for use by Brokers, Dealers, Commercial Banks,
          Trust Companies and Other Nominees.
 
  (a)(6)  Guidelines for Certification of Taxpayer Identification Number on
          Substitute Form W-9.
 
  (a)(7)  Form of Summary Advertisement, dated February 21, 1995.
 
  (a)(8)  Text of Press Release, dated February 14, 1995.
 
  (a)(9)  Text of Press Release, dated February 21, 1995.
 
  (a)(10) Text of Press Release, dated March 1, 1995.
 
  (a)(11) Text of Press Release, dated March 3, 1995.
 
  (a)(12) Supplement No. 1 to Offer to Purchase, dated March 9, 1995.
 
  (a)(13) Text of Press Release, dated March 9, 1995.
 
  (a)(14) Text of Press Release, dated March 15, 1995.
 
  (a)(15) Text of Press Release, dated March 20, 1995.
   
  (a)(16) Text of Press Release, dated March 22, 1995.     
   
  *(a)(17) Text of Press Release, dated March 23, 1995.     
 
  (b)     Commitment Letter, dated February 13, 1995, from The Chase Manhattan
          Bank (National Association) to Associated and Associated Stationers,
          Inc. ("ASI"), a Delaware corporation and wholly owned subsidiary of
          Associated.
 
  (c)(1)  Agreement and Plan of Merger, dated as of February 13, 1995, between
          Associated and the Company.
 
  (c)(2)  Agreement to Tender, dated as of February 13, 1995, among Associated
          and certain stockholders of the Company.
 
  (c)(3)  Letter of Intent, dated December 21, 1994 among Associated and the
          Company.
 
                                       2
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  (c)(4)  No-Hire Letter, dated November 16, 1994 among Associated, Wingate
          Partners, L.P. ("Wingate Partners") and the Company.
 
  (c)(5)  Confidentiality Agreement, dated November 16, 1994 among Associated,
          Wingate Partners and the Company.
 
  (c)(6)  Amendment to Letter of Intent, dated as of January 6, 1995, between
          Associated and the Company.
 
  (d)     None.
 
  (e)     Not applicable.
 
  (f)     None.
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   *Filed herewith
 
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                                   SIGNATURES
 
  After due inquiry and to the best of my knowledge and belief, the undersigned
certifies that the information set forth in this statement is true, complete
and correct.
   
Dated: March 23, 1995     
 
                                     ASSOCIATED HOLDINGS, INC.
 
 
                                     By:  /s/    Thomas W. Sturgess
                                        ---------------------------------------
                                        Thomas W. Sturgess,
                                        Chairman of the Board and Chief
                                         Executive Officer
 
                                       4
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                                 EXHIBIT INDEX
 
<TABLE>   
<CAPTION>
                                                                           PAGE
 EXHIBIT                                                                   NO.
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 <C>      <S>                                                              <C>
  (a)(1)  Offer to Purchase, dated February 21, 1995.
  (a)(2)  Letter of Transmittal.
  (a)(3)  Notice of Guaranteed Delivery.
  (a)(4)  Letter to Brokers, Dealers, Commercial Banks, Trust Companies
           and Other Nominees.
  (a)(5)  Letter to Clients for use by Brokers, Dealers, Commercial
           Banks, Trust Companies and Other Nominees.
  (a)(6)  Guidelines for Certification of Taxpayer Identification Number
           on Substitute
           Form W-9.
  (a)(7)  Form of Summary Advertisement, dated February 21, 1995.
  (a)(8)  Text of Press Release, dated February 14, 1995.
  (a)(9)  Text of Press Release, dated February 21, 1995.
  (a)(10) Text of Press Release, dated March 1, 1995.
  (a)(11) Text of Press Release, dated March 3, 1995.
  (a)(12) Supplement No. 1 to Offer to Purchase, dated March 9, 1995.
  (a)(13) Text of Press Release, dated March 9, 1995.
  (a)(14) Text of Press Release, dated March 15, 1995.
  (a)(15) Text of Press Release, dated March 20, 1995.
  (a)(16) Text of Press Release, dated March 22, 1995.
 *(a)(17) Text of Press Release, dated March 23, 1995.
  (b)     Commitment Letter, dated February 13, 1995, from The Chase
           Manhattan Bank (National Association) to Associated and ASI.
  (c)(1)  Agreement and Plan of Merger, dated as of February 13, 1995,
           between Associated and the Company.
  (c)(2)  Agreement to Tender, dated as of February 13, 1995, among
           Associated and the certain stockholders of the Company.
  (c)(3)  Letter of Intent, dated December 21, 1994 among Associated and
           the Company.
  (c)(4)  No-Hire Letter, dated November 16, 1994 among Associated,
           Wingate Partners, L.P. ("Wingate Partners") and the Company.
  (c)(5)  Confidentiality Agreement, dated November 16, 1994 among
           Associated, Wingate Partners and the Company.
  (c)(6)  Amendment to Letter of Intent, dated as of January 6, 1995,
           between Associated and the Company.
  (d)     None.
  (e)     Not applicable.
  (f)     None.
</TABLE>    
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   *Filed herewith

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                                                           EXHIBIT 99(a)(17)

FOR IMMEDIATE RELEASE

                        For Further Information Contact

Executive Offices:                                  Joel D. Spungin
Associated Stationers, Inc.                         Chairman of the Board and
1075 Hawthorne Drive                                Chief Executive Officer
Itasca, Illinois 60143                                       or
                                                    Kathleen S. Dvorak
Thomas W. Sturgess                                  Director, Investor Relations
Chairman of the Board and                           United Stationers Inc.
Chief Executive Officer                             (708) 699-5000
Associated Holdings, Inc.                   
(214) 720-1313

           ASSOCIATED HOLDINGS, INC. ANNOUNCES EXPIRATION OF TENDER
              OFFER--NUMBER OF UNITED STATIONERS SHARES TENDERED
              --------------------------------------------------

ITASCA, ILL.--March 23, 1995--Associated Holdings, Inc. today announced that, as
of Midnight, New York City time, on Wednesday, March 22, 1995, the tender offer
expired in accordance with its terms. Associated said that, as of 5:00 p.m. on
Wednesday, United Stationers Inc. (NASDAQ: USTR) stockholders had tendered
17,765,276 shares of United Stationers common stock to Associated, which
represent 95.53 percent of United Stationers common stock outstanding as of
February 10, 1995.

    Associated said today that, pursuant to the terms of the Offer to Purchase 
and subject to the waiver or satisfaction of the conditions precedent to the 
tender offer and the continuing satisfaction of all conditions satisfied to 
date, it expects to accept and pay for 17,201,839 shares tendered on a pro rata
                                                                       --- ----
basis (with adjustments to avoid purchases of fractional shares) within one 
week.  Because of the difficulty of determining the precise number of shares 
properly tendered and not withdrawn, Associated said that it does not expect to 
be able to announce the final proration factor until approximately seven NASDAQ 
trading days following the expiration of the offer.



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