<PAGE> 1
================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
____________________________
RULE 13e-3 TRANSACTION STATEMENT
(Amendment No. 2)
(Pursuant to Section 13(e) of the Securities Exchange Act of 1934)
GREAT AMERICAN MANAGEMENT AND INVESTMENT, INC.
(Name of the Issuer)
GAMI MERGER CO.
EQUITY HOLDINGS LIMITED, AN ILLINOIS LIMITED PARTNERSHIP
(Name of Person(s) Filing Statement)
Common Stock, Par Value $.01 Per Share
(Title of Class of Securities)
389893207
(CUSIP Number of Class of Securities)
Sheli Z. Rosenberg
Two North Riverside Plaza
Chicago, Illinois 60606
(312) 454-0100
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications on Behalf of Persons Filing Statement)
With copies to:
James J. Junewicz, Esq. Donald J. Liebentritt, Esq.
Mayer, Brown & Platt Rosenberg & Liebentritt, P.C.
190 South LaSalle Street Two North Riverside Plaza, Suite 1515
Chicago, Illinois 60603 Chicago, Illinois 60606
(312) 782-0600 (312) 466-3456
This statement is filed in connection with (check the appropriate box):
a. [ ] The filing of solicitation materials or an information statement
subject to Regulation 14A, Regulation 14C or Rule 13e-3(c) under
the Securities Act of 1934.
b. [ ] The filing of a registration statement under the Securities Act
of 1933.
c. [x] A tender offer.
d. [ ] None of the above.
Check the following box if the soliciting materials or information statement
referred to in checking box (a) are preliminary copies: [ ]
CALCULATION OF FILING FEE
<TABLE>
<CAPTION>
=================================================================================================================
Transaction Amount of
Valuation* Filing Fee
----------- ----------
<S> <C>
$55,575,350 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $11,115
=================================================================================================================
</TABLE>
* FOR PURPOSES OF CALCULATING THE FILING FEE ONLY. THIS AMOUNT ASSUMES
THE PURCHASE OF 1,111,507 SHARES OF COMMON STOCK AT $50.00 IN CASH PER
SHARE. THE AMOUNT OF THE FILING FEE, CALCULATED IN ACCORDANCE WITH
REGULATION 240.0-11 OF THE SECURITIES EXCHANGE ACT OF 1934, EQUALS
1/50TH OF ONE PERCENTUM OF THE VALUE OF THE SHARES TO BE PURCHASED.
[x] CHECK BOX IF ANY PART OF THE FEE IS OFFSET BY RULE 0-11(A)(2) AND
IDENTIFY THE FILING WITH WHICH THE OFFSETTING FEE WAS PREVIOUSLY PAID.
TENDER OFFER STATEMENT ON SCHEDULE 14D-1, FILED WITH THE COMMISSION ON
MARCH 29, 1996, BY GAMI MERGER CO. AND EQUITY HOLDINGS LIMITED, AN
ILLINOIS LIMITED PARTNERSHIP.
AMOUNT PREVIOUSLY PAID: $11,115
FORM OR REGISTRATION NO.: SCHEDULE 14D-1
FILING PARTY: GAMI MERGER CO. AND EQUITY HOLDINGS LIMITED, AN ILLINOIS LIMITED
PARTNERSHIP
DATE FILED: MARCH 29, 1996
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<PAGE> 2
INTRODUCTION
This Amendment No. 2 to a Rule 13e-3 Transaction Statement (the
"Amendment") relates to a tender offer by GAMI Merger Co., a Delaware
corporation (the "Purchaser"), wholly owned by Equity Holdings Limited, an
Illinois Limited Partnership ("Equity Holdings"), to purchase any and all
shares of common stock, par value $.01 per share (the "Shares"), of Great
American Management and Investment, Inc., a Delaware corporation (the "Company"
or the "Issuer"). The offer is being made at a price of $50.00 per Share, net
to the seller in cash (the "Offer Price"), upon the terms and subject to the
conditions set forth in the Offer to Purchase of the Purchaser dated March 29,
1996 (the "Offer to Purchase") and in the related Letter of Transmittal (which,
together with the Offer to Purchase, constitute the "Offer"), copies of which
were filed as Exhibits (d)(1) and (d)(2), respectively, to a Rule 13e-3
Transaction Statement filed with the Securities and Exchange Commission (the
"Commission") on March 29, 1996 (the "Statement"). This Amendment is being
filed by the Purchaser and Equity Holdings.
The following cross reference sheet is being supplied pursuant to
General Instruction F to the Rule 13e-3 Transaction Statement and shows the
location in the Tender Offer Statement on Schedule 14D-1 (the "Schedule 14D-1")
filed by the Purchaser and Equity Holdings with the Commission on March 29,
1996 and Amendment No. 1 to the Schedule 14D-1 filed with the Commission on
April 5, 1996 and Amendment No. 2 to the Schedule 14D-1 filed with the
Commission on April 23, 1996, of the information required to be included in
response to the items of the Rule 13e-3 Transaction Statement and this
Amendment. The information set forth in the Schedule 14D-1 and Amendment No. 1
to the Schedule 14D-1 and Amendment No. 2 to the Schedule 14D-1, including all
exhibits, are hereby expressly incorporated herein by reference and the
responses to each item are qualified in their entirety by the provisions of the
Schedule 14D-1 and such Amendments.
<PAGE> 3
CROSS REFERENCE SHEET
<TABLE>
<CAPTION>
ITEM IN WHERE LOCATED IN
SCHEDULE 13E-3 SCHEDULE 14D-1
- -------------- ----------------------
<S> <C>
Item 1(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Item 1(a)
Item 1(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Item 1(b)
Item 1(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Item 1(c)
Item 1(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . *
Item 1(e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . *
Item 1(f) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . *
Item 2(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Item 2(a)
Item 2(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Item 2(b)
Item 2(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Item 2(c)
Item 2(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Item 2(d)
Item 2(e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Item 2(e)
Item 2(f) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Item 2(f)
Item 2(g) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Item 2(g)
Item 3(a)(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Item 3(a)(1)
Item 3(a)(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Item 3(b)
Item 3(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . *
Item 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . *
Item 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Item 5
Item 6(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Item 4(a)
Item 6(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . *
Item 6(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Item 4(b)
Item 6(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Item 4(c)
Item 7(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Item 5
Item 7(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . *
Item 7(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . *
Item 7(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . *
Item 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . *
Item 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . *
Item 10(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Item 6(a)
Item 10(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Item 6(b)
Item 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Item 7
Item 12(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . *
Item 12(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . *
Item 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . *
Item 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . *
Item 15(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . *
Item 15(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Item 8
Item 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Item 10(f)
Item 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Item 11
</TABLE>
__________________________________
* The Item is located in the Rule 13e-3 Transaction Statement only.
<PAGE> 4
ITEM 6. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 6(a) is amended to add the following:
Equity Holdings represents that it has sufficient resources to purchase
any and all Shares tendered pursuant to the Offer.
ITEM 8. FAIRNESS OF THE TRANSACTION.
Item 8(a) is amended to add the following:
Equity Holdings believes that the Transaction is fair to unaffiliated
holders of Shares and adopts the other statements made in the Offer to Purchase
by the Purchaser under "SPECIAL FACTORS--Fairness of the Transaction."
ITEM 17. MATERIAL TO BE FILED AS EXHIBITS.
Item 17 is amended to add the following:
Exhibit (g)(4):
Amendment No. 2 to Tender Offer Statement on Schedule 14D-1, filed with the
Securities and Exchange Commission on April 23, 1996, by GAMI Merger Co. and
Equity Holdings Limited, an Illinois Limited Partnership.
<PAGE> 5
SIGNATURE
After due inquiry and to the best of its knowledge and belief, each of
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Dated: April 23, 1996 GAMI MERGER CO.
By /S/ SHELI Z. ROSENBERG
----------------------------------------
Name: Sheli Z. Rosenberg
Title: Vice President
EQUITY HOLDINGS LIMITED, AN ILLINOIS
LIMITED PARTNERSHIP
By /S/ SHELI Z. ROSENBERG
----------------------------------------
Name: Sheli Z. Rosenberg
Title: Co-Trustee of General Partner
<PAGE> 6
Exhibit Index
<TABLE>
<CAPTION>
Exhibit No. Description
- ---------------------------------------------
<S> <C>
(g)(4) Amendment No. 2 to Tender Offer Statement on Schedule 14D-1, filed with the Securities and
Exchange Commission on April 23, 1996, by GAMI Merger Co. and Equity Holdings Limited, an
Illinois Limited Partnership.
</TABLE>
<PAGE> 1
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
____________________________
SCHEDULE 14D-1
(Amendment No.2)
Tender Offer Statement Pursuant to Section 14(d)(1)
of the Securities Exchange Act of 1934
GREAT AMERICAN MANAGEMENT AND INVESTMENT, INC.
(Name of Subject Company)
GAMI MERGER CO.
EQUITY HOLDINGS LIMITED, AN ILLINOIS LIMITED PARTNERSHIP
(Bidders)
Common Stock, Par Value $.01 Per Share
(Title of Class of Securities)
389893207
(CUSIP Number of Class of Securities)
Sheli Z. Rosenberg
Two North Riverside Plaza
Chicago, Illinois 60606
(312) 454-0100
(Name, Address and Telephone Number of Persons Authorized to Receive
Notices and Communications on Behalf of the Bidder)
With copies to:
James J. Junewicz, Esq. Donald J. Liebentritt, Esq.
Mayer, Brown & Platt Rosenberg & Liebentritt, P.C.
190 South LaSalle Street Two North Riverside Plaza, Suite 1515
Chicago, Illinois 60603 Chicago, Illinois 60606
(312) 782-0600 (312) 466-3456
CALCULATION OF FILING FEE
<TABLE>
<CAPTION>
====================================================================================================================================
Transaction Amount of
Valuation(1) Filing Fee
--------- ----------
<S> <C>
$55,575,350 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $11,115
====================================================================================================================================
</TABLE>
(1) FOR PURPOSES OF CALCULATING THE FILING FEE ONLY. THIS AMOUNT ASSUMES
THE PURCHASE OF 1,111,507 SHARES OF COMMON STOCK AT $50.00 IN CASH PER
SHARE. THE AMOUNT OF THE FILING FEE, CALCULATED IN ACCORDANCE WITH
REGULATION 240.0-11 OF THE SECURITIES EXCHANGE ACT OF 1934, EQUALS
1/50TH OF ONE PERCENTUM OF THE VALUE OF THE SHARES TO BE PURCHASED.
[x] CHECK BOX IF ANY PART OF THE FEE IS OFFSET BY RULE 0-11(A)(2) AND
IDENTIFY THE FILING WITH WHICH THE OFFSETTING FEE WAS PREVIOUSLY PAID.
TENDER OFFER STATEMENT ON SCHEDULE 14D-1, FILED WITH THE COMMISSION ON
MARCH 29, 1996, BY GAMI MERGER CO. AND EQUITY HOLDINGS LIMITED, AN
ILLINOIS LIMITED PARTNERSHIP.
AMOUNT PREVIOUSLY PAID: $11,115
FORM OR REGISTRATION NO.: SCHEDULE 14D-1
FILING PARTY: GAMI MERGER CO. AND EQUITY HOLDINGS LIMITED, AN LIMITED
PARTNERSHIP
DATE FILED: MARCH 29, 1996
================================================================================
<PAGE> 2
INTRODUCTION
This Amendment No. 2 to a Tender Offer Statement on Schedule 14D-1 (the
"Amendment") relates to a tender offer by GAMI Merger Co., a Delaware
corporation (the "Purchaser"), wholly owned by Equity Holdings Limited, an
Illinois Limited Partnership ("Equity Holdings'), to purchase any and all
shares of common stock, par value $.01 per share (the "Shares"), of Great
American Management and Investment, Inc. a Delaware corporation (the
"Company"). The offer is being made at a price of $50.00 per Share, net to the
seller in cash (the "Offer Price"), upon the terms and subject to the
conditions set forth in the Offer to Purchase of the Purchaser dated March 29,
1996 (the "Offer to Purchase") and in the related Letter of Transmittal (which,
together with the Offer to Purchase, constitute the "Offer"), copies of which
were filed as Exhibits (a)(1) and (a)(2), respectively, to a Tender Offer
Statement on Schedule 14D-1 filed with the Securities and Exchange Commission
on March 29, 1996 (the "Statement"). This Amendment is being filed by the
Purchaser and Equity Holdings.
The Purchaser and Equity Holdings are concurrently filing an amendment
to their Rule 13e-3 Transaction Statement with the Securities and Exchange
Commission.
ITEM 4. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 4(a) is amended to add the following:
Equity Holdings represents that it has sufficient resources to purchase
any and all Shares tendered pursuant to the Offer.
ITEM 10. ADDITIONAL INFORMATION.
Item 10(f) is amended to add the following:
Equity Holdings believes that the Transaction is fair to unaffiliated
holders of Shares and adopts the other statements made in the Offer to Purchase
by the Purchaser under "SPECIAL FACTORS--Fairness of the Transaction."
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit (g)(5):
Amendment No. 2 to Rule 13e-3 Transaction Statement, filed with the Securities
and Exchange Commission on April 23, 1996, by GAMI Merger Co. and Equity
Holdings Limited, an Illinois Limited Partnership.
-1-
<PAGE> 3
SIGNATURE
After due inquiry and to the best of its knowledge and belief, each of
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Dated: April 23, 1996 GAMI MERGER CO.
By /S/ SHELI Z. ROSENBERG
-----------------------------------
Name: Sheli Z. Rosenberg
Title: Vice President
EQUITY HOLDINGS LIMITED, AN ILLINOIS
LIMITED PARTNERSHIP
By /S/ SHELI Z. ROSENBERG
-----------------------------------
Name: Sheli Z. Rosenberg
Title: Co-Trustee of General Partner
<PAGE> 4
Exhibit Index
Exhibit No. Description
- ---------------------------------------------
(g)(5) Amendment No. 2 to Rule 13e-3 Transaction
Statement, filed with the Securities and
Exchange Commission on April 23, 1996, by
GAMI Merger Co. and Equity Holdings Limited,
an Illinois Limited Partnership.
