<PAGE> 1
================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934 (Amendment No. 2)
GRIST MILL CO.
(Name of Issuer)
Common Stock, $0.10 Par Value (and Associates Stock Purchase Rights)
(Title of Class of Securities)
398629204
(CUSIP Number)
M. Kelley Maggs Copy to: A. Winston Oxley
International Home Foods, Inc. Vinson & Elkins L.L.P.
1633 Littleton Road 3700 Trammell Crow Center
Parsippany, New Jersey 07054 2001 Ross Avenue
(973) 359-9920 Dallas, Texas 75201
(214) 220-7891
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
April 13, 1998
(Date of Event which Requires Filing of this Statement on Schedule 13D)
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<PAGE> 2
CUSIP NO. 398629204
- --------------------------------------------------------------------------------
1 Name of Reporting Person IHF/GM Acquisition Corporation
I.R.S. Identification No. of above person (entities only)
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a group (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC use only
- --------------------------------------------------------------------------------
4 Source of Funds BK and AF
- --------------------------------------------------------------------------------
5 Check box if disclosure of legal proceedings is required pursuant to
items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 Citizenship or place of organization State of Delaware
- --------------------------------------------------------------------------------
7 Sole Voting Power 6,438,840*
----------------------------------------------
Number of Shares Beneficially 8 Shared Voting Power 0
----------------------------------------------
Owned by Each Reporting 9 Sole Dispositive Power 6,438,840*
----------------------------------------------
Person With 10 Shared Dispositive Power 0
- --------------------------------------------------------------------------------
11 Aggregate amount beneficially owned by each reporting person 6,438,840*
- --------------------------------------------------------------------------------
12 Check box if the aggregate amount in row (11) excludes
certain shares [ ]
- --------------------------------------------------------------------------------
13 Percent of class represented by amount in row (7) 90.7%
- --------------------------------------------------------------------------------
14 Type of reporting person CO
- --------------------------------------------------------------------------------
* Shares shown as beneficially owned give effect to the following:
(i) On March 10, 1998, IHF/GM Holding Corporation, a Delaware
corporation ("Parent"), and IHF/GM Acquisition Corporation, a Delaware
corporation ("Purchaser"), a direct wholly owned subsidiary of Parent and an
indirect wholly owned subsidiary of International Home Foods, Inc., a Delaware
corporation ("IHF"), entered into a Stockholder Agreement with Grist Mill Co.,
a Delaware corporation (the "Company"), and Glen S. Bolander, pursuant to which
Mr. Bolander granted to Purchaser an option to purchase up to an aggregate of
245,000 shares of the Company's common stock ("Common Stock"), par value $0.10
per share, including the associated stock purchase rights (the "Rights," and
together with the shares of Common Stock, the "Shares"), consisting of certain
shares of Common Stock to be beneficially owned by the Selling Stockholder as a
result of such individual's exercise of certain options to purchase shares of
Common Stock.
(ii) Pursuant to the Agreement and Plan of Merger (the "Merger
Agreement"), dated as of March 10, 1998, among Purchaser, Parent, IHF and the
Company, the Company granted to Purchaser an irrevocable option to purchase an
indeterminate number of shares of Common Stock (exercisable in certain
circumstances).
Each of the Stockholder Agreement and the Merger Agreement is attached
as an exhibit hereto.
Page 2 of 12
<PAGE> 3
CUSIP NO. 398629204
- --------------------------------------------------------------------------------
1 Name of Reporting Person IHF/GM Holding Corporation
I.R.S. Identification No. of above person (entities only)
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a group (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC use only
- --------------------------------------------------------------------------------
4 Source of Funds BK and AF
- --------------------------------------------------------------------------------
5 Check box if disclosure of legal proceedings is required pursuant to
items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 Citizenship or place of organization State of Delaware
- --------------------------------------------------------------------------------
7 Sole Voting Power 6,438,840*
----------------------------------------------
Number of Shares Beneficially 8 Shared Voting Power 0
----------------------------------------------
Owned by Each Reporting 9 Sole Dispositive Power 6,438,840*
----------------------------------------------
Person With 10 Shared Dispositive Power 0
- --------------------------------------------------------------------------------
11 Aggregate amount beneficially owned by each reporting person 6,438,840*
- --------------------------------------------------------------------------------
12 Check box if the aggregate amount in row (11) excludes
certain shares [ ]
- --------------------------------------------------------------------------------
13 Percent of class represented by amount in row (7) 90.7%
- --------------------------------------------------------------------------------
14 Type of reporting person CO
- --------------------------------------------------------------------------------
* Shares shown as beneficially owned give effect to the following:
(i) On March 10, 1998, IHF/GM Holding Corporation, a Delaware
corporation ("Parent"), and IHF/GM Acquisition Corporation, a Delaware
corporation ("Purchaser"), a direct wholly owned subsidiary of Parent and an
indirect wholly owned subsidiary of International Home Foods, Inc., a Delaware
corporation ("IHF"), entered into a Stockholder Agreement with Grist Mill Co.,
a Delaware corporation (the "Company"), and Glen S. Bolander, pursuant to which
Mr. Bolander granted to Purchaser an option to purchase up to an aggregate of
245,000 shares of the Company's common stock ("Common Stock"), par value $0.10
per share, including the associated stock purchase rights (the "Rights," and
together with the shares of Common Stock, the "Shares"), consisting of certain
shares of Common Stock to be beneficially owned by the Selling Stockholder as a
result of such individual's exercise of certain options to purchase shares of
Common Stock.
(ii) Pursuant to the Agreement and Plan of Merger (the "Merger
Agreement"), dated as of March 10, 1998, among Purchaser, Parent, IHF and the
Company, the Company granted to Purchaser an irrevocable option to purchase an
indeterminate number of shares of Common Stock (exercisable in certain
circumstances).
Each of the Stockholder Agreement and the Merger Agreement is attached
as an exhibit hereto.
Page 3 of 12
<PAGE> 4
CUSIP NO. 398629204
- --------------------------------------------------------------------------------
1 Name of Reporting Person International Home Foods, Inc.
I.R.S. Identification No. of above person (entities only)
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a group (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC use only
- --------------------------------------------------------------------------------
4 Source of Funds BK and AF
- --------------------------------------------------------------------------------
5 Check box if disclosure of legal proceedings is required pursuant to
items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 Citizenship or place of organization State of Delaware
- --------------------------------------------------------------------------------
7 Sole Voting Power 6,438,840*
----------------------------------------------
Number of Shares Beneficially 8 Shared Voting Power 0
----------------------------------------------
Owned by Each Reporting 9 Sole Dispositive Power 6,438,840*
----------------------------------------------
Person With 10 Shared Dispositive Power 0
- --------------------------------------------------------------------------------
11 Aggregate amount beneficially owned by each reporting person 6,438,840*
- --------------------------------------------------------------------------------
12 Check box if the aggregate amount in row (11) excludes
certain shares [ ]
- --------------------------------------------------------------------------------
13 Percent of class represented by amount in row (7) 90.7%
- --------------------------------------------------------------------------------
14 Type of reporting person CO
- --------------------------------------------------------------------------------
* Shares shown as beneficially owned give effect to the following:
(i) On March 10, 1998, IHF/GM Holding Corporation, a Delaware
corporation ("Parent"), and IHF/GM Acquisition Corporation, a Delaware
corporation ("Purchaser"), a direct wholly owned subsidiary of Parent and an
indirect wholly owned subsidiary of International Home Foods, Inc., a Delaware
corporation ("IHF"), entered into a Stockholder Agreement with Grist Mill Co.,
a Delaware corporation (the "Company"), and Glen S. Bolander, pursuant to which
Mr. Bolander granted to Purchaser an option to purchase up to an aggregate of
245,000 shares of the Company's common stock ("Common Stock"), par value $0.10
per share, including the associated stock purchase rights (the "Rights," and
together with the shares of Common Stock, the "Shares"), consisting of certain
shares of Common Stock to be beneficially owned by the Selling Stockholder as a
result of such individual's exercise of certain options to purchase shares of
Common Stock.
(ii) Pursuant to the Agreement and Plan of Merger (the "Merger
Agreement"), dated as of March 10, 1998, among Purchaser, Parent, IHF and the
Company, the Company granted to Purchaser an irrevocable option to purchase an
indeterminate number of shares of Common Stock (exercisable in certain
circumstances).
Each of the Stockholder Agreement and the Merger Agreement is attached
as an exhibit hereto.
Page 4 of 12
<PAGE> 5
CUSIP NO. 398629204
- --------------------------------------------------------------------------------
1 Name of Reporting Person Hicks, Muse, Tate & Furst Equity Fund III, L.P.
I.R.S. Identification No. of above person (entities only)
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a group (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC use only
- --------------------------------------------------------------------------------
4 Source of Funds AF
- --------------------------------------------------------------------------------
5 Check box if disclosure of legal proceedings is required pursuant to
items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 Citizenship or place of organization State of Delaware
- --------------------------------------------------------------------------------
7 Sole Voting Power 6,438,840*
----------------------------------------------
Number of Shares Beneficially 8 Shared Voting Power 0
----------------------------------------------
Owned by Each Reporting 9 Sole Dispositive Power 6,438,840*
----------------------------------------------
Person With 10 Shared Dispositive Power 0
- --------------------------------------------------------------------------------
11 Aggregate amount beneficially owned by each reporting person 6,438,840*
- --------------------------------------------------------------------------------
12 Check box if the aggregate amount in row (11) excludes
certain shares [ ]
- --------------------------------------------------------------------------------
13 Percent of class represented by amount in row (7) 90.7%
- --------------------------------------------------------------------------------
14 Type of reporting person PN
- --------------------------------------------------------------------------------
* Shares shown as beneficially owned give effect to the following:
(i) On March 10, 1998, IHF/GM Holding Corporation, a Delaware
corporation ("Parent"), and IHF/GM Acquisition Corporation, a Delaware
corporation ("Purchaser"), a direct wholly owned subsidiary of Parent and an
indirect wholly owned subsidiary of International Home Foods, Inc., a Delaware
corporation ("IHF"), entered into a Stockholder Agreement with Grist Mill Co.,
a Delaware corporation (the "Company"), and Glen S. Bolander, pursuant to which
Mr. Bolander granted to Purchaser an option to purchase up to an aggregate of
245,000 shares of the Company's common stock ("Common Stock"), par value $0.10
per share, including the associated stock purchase rights (the "Rights," and
together with the shares of Common Stock, the "Shares"), consisting of certain
shares of Common Stock to be beneficially owned by the Selling Stockholder as a
result of such individual's exercise of certain options to purchase shares of
Common Stock.
(ii) Pursuant to the Agreement and Plan of Merger (the "Merger
Agreement"), dated as of March 10, 1998, among Purchaser, Parent, IHF and the
Company, the Company granted to Purchaser an irrevocable option to purchase an
indeterminate number of shares of Common Stock (exercisable in certain
circumstances).
Each of the Stockholder Agreement and the Merger Agreement is attached
as an exhibit hereto.
Page 5 of 12
<PAGE> 6
CUSIP NO. 398629204
- --------------------------------------------------------------------------------
1 Name of Reporting Person HM3/GP Partners, L.P.
I.R.S. Identification No. of above person (entities only)
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a group (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC use only
- --------------------------------------------------------------------------------
4 Source of Funds AF
- --------------------------------------------------------------------------------
5 Check box if disclosure of legal proceedings is required pursuant to
items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 Citizenship or place of organization State of Texas
- --------------------------------------------------------------------------------
7 Sole Voting Power 6,438,840*
----------------------------------------------
Number of Shares Beneficially 8 Shared Voting Power 0
----------------------------------------------
Owned by Each Reporting 9 Sole Dispositive Power 6,438,840*
----------------------------------------------
Person With 10 Shared Dispositive Power 0
- --------------------------------------------------------------------------------
11 Aggregate amount beneficially owned by each reporting person 6,438,840*
- --------------------------------------------------------------------------------
12 Check box if the aggregate amount in row (11) excludes
certain shares [ ]
- --------------------------------------------------------------------------------
13 Percent of class represented by amount in row (7) 90.7%
- --------------------------------------------------------------------------------
14 Type of reporting person PN
- --------------------------------------------------------------------------------
* Shares shown as beneficially owned give effect to the following:
(i) On March 10, 1998, IHF/GM Holding Corporation, a Delaware
corporation ("Parent"), and IHF/GM Acquisition Corporation, a Delaware
corporation ("Purchaser"), a direct wholly owned subsidiary of Parent and an
indirect wholly owned subsidiary of International Home Foods, Inc., a Delaware
corporation ("IHF"), entered into a Stockholder Agreement with Grist Mill Co.,
a Delaware corporation (the "Company"), and Glen S. Bolander, pursuant to which
Mr. Bolander granted to Purchaser an option to purchase up to an aggregate of
245,000 shares of the Company's common stock ("Common Stock"), par value $0.10
per share, including the associated stock purchase rights (the "Rights," and
together with the shares of Common Stock, the "Shares"), consisting of certain
shares of Common Stock to be beneficially owned by the Selling Stockholder as a
result of such individual's exercise of certain options to purchase shares of
Common Stock.
(ii) Pursuant to the Agreement and Plan of Merger (the "Merger
Agreement"), dated as of March 10, 1998, among Purchaser, Parent, IHF and the
Company, the Company granted to Purchaser an irrevocable option to purchase an
indeterminate number of shares of Common Stock (exercisable in certain
circumstances).
Each of the Stockholder Agreement and the Merger Agreement is attached
as an exhibit hereto.
Page 6 of 12
<PAGE> 7
CUSIP NO. 398629204
- --------------------------------------------------------------------------------
1 Name of Reporting Person Hicks, Muse GP Partners III, L.P.
I.R.S. Identification No. of above person (entities only)
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a group (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC use only
- --------------------------------------------------------------------------------
4 Source of Funds AF
- --------------------------------------------------------------------------------
5 Check box if disclosure of legal proceedings is required pursuant to
items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 Citizenship or place of organization State of Texas
- --------------------------------------------------------------------------------
7 Sole Voting Power 6,438,840*
----------------------------------------------
Number of Shares Beneficially 8 Shared Voting Power 0
----------------------------------------------
Owned by Each Reporting 9 Sole Dispositive Power 6,438,840*
----------------------------------------------
Person With 10 Shared Dispositive Power 0
- --------------------------------------------------------------------------------
11 Aggregate amount beneficially owned by each reporting person 6,438,840*
- --------------------------------------------------------------------------------
12 Check box if the aggregate amount in row (11) excludes
certain shares [ ]
- --------------------------------------------------------------------------------
13 Percent of class represented by amount in row (7) 90.7%
- --------------------------------------------------------------------------------
14 Type of reporting person PN
- --------------------------------------------------------------------------------
* Shares shown as beneficially owned give effect to the following:
(i) On March 10, 1998, IHF/GM Holding Corporation, a Delaware
corporation ("Parent"), and IHF/GM Acquisition Corporation, a Delaware
corporation ("Purchaser"), a direct wholly owned subsidiary of Parent and an
indirect wholly owned subsidiary of International Home Foods, Inc., a Delaware
corporation ("IHF"), entered into a Stockholder Agreement with Grist Mill Co.,
a Delaware corporation (the "Company"), and Glen S. Bolander, pursuant to which
Mr. Bolander granted to Purchaser an option to purchase up to an aggregate of
245,000 shares of the Company's common stock ("Common Stock"), par value $0.10
per share, including the associated stock purchase rights (the "Rights," and
together with the shares of Common Stock, the "Shares"), consisting of certain
shares of Common Stock to be beneficially owned by the Selling Stockholder as a
result of such individual's exercise of certain options to purchase shares of
Common Stock.
(ii) Pursuant to the Agreement and Plan of Merger (the "Merger
Agreement"), dated as of March 10, 1998, among Purchaser, Parent, IHF and the
Company, the Company granted to Purchaser an irrevocable option to purchase an
indeterminate number of shares of Common Stock (exercisable in certain
circumstances).
Each of the Stockholder Agreement and the Merger Agreement is attached
as an exhibit hereto.
Page 7 of 12
<PAGE> 8
CUSIP NO. 398629204
- --------------------------------------------------------------------------------
1 Name of Reporting Person Hicks, Muse Fund III, Incorporated
I.R.S. Identification No. of above person (entities only)
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a group (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC use only
- --------------------------------------------------------------------------------
4 Source of Funds AF
- --------------------------------------------------------------------------------
5 Check box if disclosure of legal proceedings is required pursuant to
items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 Citizenship or place of organization State of Texas
- --------------------------------------------------------------------------------
7 Sole Voting Power 6,438,840*
----------------------------------------------
Number of Shares Beneficially 8 Shared Voting Power 0
----------------------------------------------
Owned by Each Reporting 9 Sole Dispositive Power 6,438,840*
----------------------------------------------
Person With 10 Shared Dispositive Power 0
- --------------------------------------------------------------------------------
11 Aggregate amount beneficially owned by each reporting person 6,438,840*
- --------------------------------------------------------------------------------
12 Check box if the aggregate amount in row (11) excludes
certain shares [ ]
- --------------------------------------------------------------------------------
13 Percent of class represented by amount in row (7) 90.7%
- --------------------------------------------------------------------------------
14 Type of reporting person CO
- --------------------------------------------------------------------------------
* Shares shown as beneficially owned give effect to the following:
(i) On March 10, 1998, IHF/GM Holding Corporation, a Delaware
corporation ("Parent"), and IHF/GM Acquisition Corporation, a Delaware
corporation ("Purchaser"), a direct wholly owned subsidiary of Parent and an
indirect wholly owned subsidiary of International Home Foods, Inc., a Delaware
corporation ("IHF"), entered into a Stockholder Agreement with Grist Mill Co.,
a Delaware corporation (the "Company"), and Glen S. Bolander, pursuant to which
Mr. Bolander granted to Purchaser an option to purchase up to an aggregate of
245,000 shares of the Company's common stock ("Common Stock"), par value $0.10
per share, including the associated stock purchase rights (the "Rights," and
together with the shares of Common Stock, the "Shares"), consisting of certain
shares of Common Stock to be beneficially owned by the Selling Stockholder as a
result of such individual's exercise of certain options to purchase shares of
Common Stock.
(ii) Pursuant to the Agreement and Plan of Merger (the "Merger
Agreement"), dated as of March 10, 1998, among Purchaser, Parent, IHF and the
Company, the Company granted to Purchaser an irrevocable option to purchase an
indeterminate number of shares of Common Stock (exercisable in certain
circumstances).
Each of the Stockholder Agreement and the Merger Agreement is attached
as an exhibit hereto.
Page 8 of 12
<PAGE> 9
CUSIP NO. 398629204
- --------------------------------------------------------------------------------
1 Name of Reporting Person Thomas O. Hicks
I.R.S. Identification No. of above person (entities only)
- --------------------------------------------------------------------------------
2 Check the appropriate box if a member of a group (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC use only
- --------------------------------------------------------------------------------
4 Source of Funds AF
- --------------------------------------------------------------------------------
5 Check box if disclosure of legal proceedings is required pursuant to
items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 Citizenship or place of organization State of Delaware
- --------------------------------------------------------------------------------
7 Sole Voting Power 6,438,840*
----------------------------------------------
Number of Shares Beneficially 8 Shared Voting Power 0
----------------------------------------------
Owned by Each Reporting 9 Sole Dispositive Power 6,438,840*
----------------------------------------------
Person With 10 Shared Dispositive Power 0
- --------------------------------------------------------------------------------
11 Aggregate amount beneficially owned by each reporting person 6,438,840*
- --------------------------------------------------------------------------------
12 Check box if the aggregate amount in row (11) excludes
certain shares [ ]
- --------------------------------------------------------------------------------
13 Percent of class represented by amount in row (7) 90.7%
- --------------------------------------------------------------------------------
14 Type of reporting person IN
- --------------------------------------------------------------------------------
* Shares shown as beneficially owned give effect to the following:
(i) On March 10, 1998, IHF/GM Holding Corporation, a Delaware
corporation ("Parent"), and IHF/GM Acquisition Corporation, a Delaware
corporation ("Purchaser"), a direct wholly owned subsidiary of Parent and an
indirect wholly owned subsidiary of International Home Foods, Inc., a Delaware
corporation ("IHF"), entered into a Stockholder Agreement with Grist Mill Co.,
a Delaware corporation (the "Company"), and Glen S. Bolander, pursuant to which
Mr. Bolander granted to Purchaser an option to purchase up to an aggregate of
245,000 shares of the Company's common stock ("Common Stock"), par value $0.10
per share, including the associated stock purchase rights (the "Rights," and
together with the shares of Common Stock, the "Shares"), consisting of certain
shares of Common Stock to be beneficially owned by the Selling Stockholder as a
result of such individual's exercise of certain options to purchase shares of
Common Stock.
(ii) Pursuant to the Agreement and Plan of Merger (the "Merger
Agreement"), dated as of March 10, 1998, among Purchaser, Parent, IHF and the
Company, the Company granted to Purchaser an irrevocable option to purchase an
indeterminate number of shares of Common Stock (exercisable in certain
circumstances).
Each of the Stockholder Agreement and the Merger Agreement is attached
as an exhibit hereto.
Page 9 of 12
<PAGE> 10
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is amended to read as follows:
(a), (b) and (c)
Pursuant to the terms of the Merger Agreement, Purchaser has completed
its cash tender offer (the "Offer") to purchase all the outstanding shares of
Common Stock at a price of $14.50 per share. A total of 6,198,840 shares of
Common Stock were tendered pursuant to the Offer (including 140,032 shares
of Common Stock subject to guarantees of delivery), which expired at midnight,
New York City time on Monday, April 13, 1998. All such tendered shares of
Common Stock were accepted for payment by Purchaser. On March 10, 1998,
Parent, Purchaser, the Company and Glen S. Bolander entered into the
Stockholder Agreement pursuant to which Mr. Bolander granted to Purchaser an
option (the "Selling Stockholder Option") to purchase up to an aggregate of
245,000 shares of Common Stock, consisting of certain shares of Common Stock to
be beneficially owned by Mr. Bolander as a result of his exercise of certain
options to purchase shares of Common Stock. Pursuant to the Merger Agreement,
on March 10, 1998 the Company granted to Purchaser an irrevocable option (the
"Company Option") to purchase an indeterminate number of shares of Common Stock
(exercisable in certain circumstances). In the aggregate, the foregoing
represent 90.7% of the outstanding shares of Common Stock.
Purchaser, Parent and IHF are the beneficial owners of the foregoing
shares of Common Stock. Hicks, Muse, Tate & Furst Equity Fund III, L.P. ("Fund
III") holds a majority of the outstanding shares of common stock of IHF.
HM3/GP Partners, L.P. is the general partner of Fund III. Hicks, Muse GP
Partners III, L.P. is the general partner of HM3/GP Partners, L.P. Hicks, Muse
Fund III, Incorporated ("Fund III Inc.") is the general partner of Hicks Muse
GP Partners III, L.P. Mr. Hicks is a controlling person, the Chairman of the
Board and the Chief Executive Officer of Fund III Inc. Each of Fund III,
HM3/GP Partner, L.P., Hicks, Muse GP Partner III, L.P., Fund III Inc. and Mr.
Hicks may be deemed beneficial owners of the shares of Common Stock
beneficially owned by Purchaser, Parent and IHF. However, each of Fund III,
HM3/GP Partner, L.P., Hicks, Muse GP Partner III, L.P., Fund III Inc. and Mr.
Hicks disclaims beneficial ownership of the shares of Common Stock beneficially
owned by Purchaser, Parent and IHF.
Each reporting person has the sole power to vote, or direct the vote
of, and to dispose of, or direct the disposition of, the shares of Common Stock
tendered and accepted for payment pursuant to the Offer. Upon exercise of the
Selling Stockholder Option and the Company Option, each reporting person will
have the sole power to vote, or direct the vote of, and to dispose of, or
direct the disposition of, the shares of Common Stock acquired upon such
exercise.
(d) None.
(e) Not applicable.
Page 10 of 12
<PAGE> 11
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Dated: April 14, 1998 IHF/GM ACQUISITION CORPORATION
By: /s/ ANDREW S. ROSEN
------------------------------------
Andrew S. Rosen
Vice President
IHF/GM HOLDING CORPORATION
By: /s/ ANDREW S. ROSEN
------------------------------------
Andrew S. Rosen
Vice President
INTERNATIONAL HOME FOODS, INC.
By: /s/ ANDREW S. ROSEN
------------------------------------
Andrew S. Rosen
Vice President
HICKS, MUSE, TATE & FURST EQUITY
FUND III, L.P.
By: HM3/GP Partners, L.P.
By: Hicks, Muse GP Partners III, L.P.
By: Hicks, Muse Fund III,
Incorporated
By: /s/ ANDREW S. ROSEN
------------------------------------
Andrew S. Rosen
Vice President
HM3/GP PARTNERS, L.P.
By: Hicks, Muse GP Partners III, L.P.
By: Hicks, Muse Fund III,
Incorporated
By: /s/ ANDREW S. ROSEN
------------------------------------
Andrew S. Rosen
Vice President
Page 11 of 12
<PAGE> 12
HICKS, MUSE GP PARTNERS III, L.P.
By: Hicks, Muse Fund III,
Incorporated
By: /s/ ANDREW S. ROSEN
------------------------------------
Andrew S. Rosen
Vice President
HICKS, MUSE FUND III, INCORPORATED
By: /s/ ANDREW S. ROSEN
------------------------------------
Andrew S. Rosen
Vice President
THOMAS O. HICKS
By: /s/ THOMAS O. HICKS
------------------------------------
David W. Knickel
Attorney-in-Fact
Page 12 of 12
