<PAGE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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. 2 -- Final Amendment)
HOME NUTRITIONAL SERVICES, INC.
(Name of Subject Company)
COMPANY N MERGER CORP.
W. R. GRACE & CO.
(Bidders)
------------------------
Common Stock, No Par Value
(Title of Class of Securities)
437264 10 4
(CUSIP Number of Class of Securities)
------------------------
ROBERT B. LAMM, ESQ.
W. R. GRACE & CO.
ONE TOWN CENTER ROAD
BOCA RATON, FLORIDA 33486-1010
(407) 362-1645
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications on Behalf of Bidders)
Copies to:
PHILIP A. GELSTON, ESQ.
CRAVATH, SWAINE & MOORE
WORLDWIDE PLAZA
825 EIGHTH AVENUE
NEW YORK, NEW YORK 10019
(212) 474-1000
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Page 1 of 8 Pages
Exhibit Index Located at Page 6
<PAGE>
14D-1
CUSIP NO. 437264 10 4 Page 2 of 8 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON:
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
COMPANY N MERGER CORP. (65-0470289)
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, WC
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS /X/
IS REQUIRED PURSUANT TO ITEMS 2(e) OR 2(f)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
NEW JERSEY
- --------------------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
11,306,083 SHARES (SHARED VOTING AND DISPOSITIVE POWER)
- --------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) / /
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
97.9%
- --------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
14D-1
CUSIP NO. 437264 10 4 Page 3 of 8 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON:
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
W. R. GRACE & CO. (13-3461988)
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS /X/
IS REQUIRED PURSUANT TO ITEMS 2(e) OR 2(f)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
- --------------------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
11,306,083 SHARES (SHARED VOTING AND DISPOSITIVE POWER)
- --------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) / /
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
97.9%
- --------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
W. R. Grace & Co. and Company N Merger Corp. hereby amend and supple-
ment the Tender Offer Statement on Schedule 14D-1, originally filed by them on
March 10, 1994 and as previously amended (as so amended, the "Statement"), with
respect to the offer to purchase all outstanding shares of Common Stock, no par
value, of Home Nutritional Services, Inc., as set forth in this Amendment No. 2.
Capitalized terms not defined herein have the meanings assigned thereto in the
Statement.
ITEM 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY
Following expiration of the Offer at Midnight, New York City time, on
April 6, 1994, the Purchaser accepted for payment all Shares validly tendered
pursuant to the Offer. The Purchaser has been informed by the Depositary that
11,306,083 Shares (including 290,828 Shares tendered pursuant to guaranteed
delivery procedures), representing 97.9% of the outstanding Shares, were ten-
dered pursuant to the Offer. As a result of the Offer, the Purchaser and Parent
beneficially own all such tendered Shares. A copy of the press release issued
by Parent on April 7, 1994 relating to the completion of the Offer is attached
hereto as Exhibit (a)(10) and is incorporated herein by reference.
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS
(a)(10) Text of press release issued April 7, 1994.
4
<PAGE>
SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certi-
fy that the information set forth in this statement is true, complete and cor-
rect.
Dated: April 7, 1994
COMPANY N MERGER CORP.
BY s/Robert B. Lamm
----------------------------------
Name: Robert B. Lamm
Title: Vice President and Secretary
W. R. GRACE & CO.
BY s/Robert B. Lamm
----------------------------------
Name: Robert B. Lamm
Title: Vice President and Secretary
5
<PAGE>
Exhibit Index
Sequentially
Exhibit Description Numbered Page
- ------- ----------- -------------
(a)(10) Press release issued 7
April 7, 1994
6
<PAGE>
#2543
CONTACT: Chuck Suits, 407-362-2600 or
800-GRACE99
GRACE COMPLETES TENDER OFFER
FOR HOME NUTRITIONAL SERVICES
BOCA RATON, Fla., April 7, 1994--W. R. Grace & Co. (NYSE: GRA) today
announced the completion of its offer to purchase the outstanding shares of Home
Nutritional Services, Inc. (HNS) (OTC: HNSI) for $7.85 per share in cash. In
the offer, which expired at midnight, New York City time, on April 6, 1994,
11,306,083 shares of HNS were tendered (including 290,828 shares subject to
guarantees of delivery) and accepted for payment. The acceptance of these
shares in the tender offer results in Grace's ownership of 97.9 percent of HNS'
outstanding shares.
Grace also announced that, in connection with the successful completion
of its offer, Grace representatives are to be elected to a majority of the
positions on HNS' Board of Directors.
A Grace spokesman said that Grace hopes to complete a merger shortly in
which it will acquire the remaining shares of HNS at the same $7.85 per share
cash price. Because Grace now owns more than 90 percent of HNS' outstanding
shares, it will be able to complete the merger without any action on the part of
HNS' other stockholders.
<PAGE>
HNS, one of the oldest and largest providers of home infusion, is
recognized as a leader in clinical care for the home patient. The company will
be integrated into Grace's NMC Homecare Division, the third largest national
provider of infusion services operating from approximately 100 infusion
locations nationwide. NMC Homecare also provides home respiratory therapy in
more than fifty locations, and home nursing in the state of California.
Grace is the world's largest specialty chemicals company with a
leadership position in specialized health care.
###
