<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14D-1/A
(AMENDMENT NO.1)
TENDER OFFER STATEMENT PURSUANT TO SECTION 14(D)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
AND
SCHEDULE 13D
(Amendment No. 6)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
ORANGE-CO, INC.
(Name of Subject Company)
RESERVOIR CAPITAL MANAGEMENT, L.L.C., RESERVOIR CAPITAL GROUP, L.L.C., RESERVOIR
CAPITAL PARTNERS, L.P., RESERVOIR CAPITAL ASSOCIATES, L.P., RESERVOIR CAPITAL
MASTER FUND, L.P. AND OJ ACQUISITION CORP.
(Bidders)
COMMON STOCK, $.50 PAR VALUE
(Title of Class of Securities)
684177108
(CUSIP Number of Class of Securities)
CRAIG A. HUFF
GREGG M. ZEITLIN
RESERVOIR CAPITAL GROUP, L.L.C.
650 MADISON AVENUE, 26TH FLOOR
NEW YORK, NEW YORK 10022
(212) 610-9000
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications on Behalf of Bidder)
COPIES TO:
MARK L. WEISSLER
MILBANK, TWEED, HADLEY & MCCLOY LLP
1 CHASE MANHATTAN PLAZA
NEW YORK, NEW YORK 10005
(212) 530-5000
1
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CUSIP NO. 684177108 14D-1/A Page of Pages
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Reservoir Capital Management, L.L.C.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) / /
(b) / x /
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Sources of Funds
WC
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(e) or 2(f)
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
7. Aggregate Amount Beneficially Owned by Each Reporting Person
10,309,975
- --------------------------------------------------------------------------------
8. Check Box if the Aggregate Amount in Row (7) Excludes Certain Shares
/ /
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row (7)
100%
- --------------------------------------------------------------------------------
10. Type of Reporting Person
OO
2
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CUSIP NO. 684177108 14D-1/A Page of Pages
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Reservoir Capital Group, L.L.C.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) / /
(b) / x /
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Sources of Funds
WC
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(e) or 2(f)
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
7. Aggregate Amount Beneficially Owned by Each Reporting Person
10,309,975
- --------------------------------------------------------------------------------
8. Check Box if the Aggregate Amount in Row (7) Excludes Certain Shares
/ /
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row (7)
100%
- --------------------------------------------------------------------------------
10. Type of Reporting Person
OO
3
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CUSIP NO. 684177108 14D-1/A Page of Pages
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Reservoir Capital Partners, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) / /
(b) / x /
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Sources of Funds
WC
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(e) or 2(f)
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
7. Aggregate Amount Beneficially Owned by Each Reporting Person
8,807,800
- --------------------------------------------------------------------------------
8. Check Box if the Aggregate Amount in Row (7) Excludes Certain Shares
/ /
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row (7)
85.4%
- --------------------------------------------------------------------------------
10. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
4
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CUSIP NO. 684177108 14D-1/A Page of Pages
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Reservoir Capital Associates, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) / /
(b) / x /
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Sources of Funds
WC
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(e) or 2(f)
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
7. Aggregate Amount Beneficially Owned by Each Reporting Person
21,676
- --------------------------------------------------------------------------------
8. Check Box if the Aggregate Amount in Row (7) Excludes Certain Shares
/ /
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row (7)
0.2%
- --------------------------------------------------------------------------------
10. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
5
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CUSIP NO. 684177108 14D-1/A Page of Pages
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Reservoir Capital Master Fund, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) / /
(b) / x /
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Sources of Funds
WC
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(e) or 2(f)
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Cayman Islands
- --------------------------------------------------------------------------------
7. Aggregate Amount Beneficially Owned by Each Reporting Person
1,480,499
- --------------------------------------------------------------------------------
8. Check Box if the Aggregate Amount in Row (7) Excludes Certain Shares
/ /
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row (7)
14.4%
- --------------------------------------------------------------------------------
10. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
6
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CUSIP NO. 684177108 14D-1/A Page of Pages
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
OJ Acquisition Corp.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a) / /
(b) / /
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Sources of Funds
WC
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(e) or 2(f)
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Florida
- --------------------------------------------------------------------------------
7. Aggregate Amount Beneficially Owned by Each Reporting Person
10,309,975
- --------------------------------------------------------------------------------
8. Check Box if the Aggregate Amount in Row (7) Excludes Certain Shares
/ /
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row (7)
100%
- --------------------------------------------------------------------------------
10. Type of Reporting Person
CO
- --------------------------------------------------------------------------------
7
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This Amendment No. 1 ("Amendment") to the Tender Offer Statement on
Schedule 14D-1 (the "Statement") and Amendment No. 6 to Schedule 13D relates to
the offer by OJ Acquisition Corp., a Florida corporation ("Purchaser"), all the
stock of which is owned by Reservoir Capital Partners, L.P., a Delaware limited
partnership ("RCP"), Reservoir Capital Associates, L.P., a Delaware limited
partnership ("RCA") and Reservoir Capital Master Fund, L.P., a limited
partnership organized under the laws of the Cayman Islands ("RCMF"), to purchase
all outstanding shares of common stock, par value $.50 per share (the "Shares"),
not owned by them, of Orange-co, Inc., a Florida corporation (the "Company"), at
a purchase price of $7.00 per Share, net to the seller in cash, without interest
thereon, upon the terms and subject to the conditions set forth in the Offer to
Purchase, dated October 1, 1999 (the "Offer to Purchase"), a copy of which is
attached hereto as Exhibit (a)(1) and in the related Letter of Transmittal, a
copy of which is attached hereto as Exhibit (a)(2) (which together constitute
the "Offer"). The general partner of each of RCP, RCA and RCMF is Reservoir
Capital Group, L.L.C., a Delaware limited liability company ("RCG"), whose
managing member is Reservoir Capital Management, L.L.C., a Delaware limited
liability company ("RCM" and, together with RCP, RCA, RCMF and RCG, the
"Parent"). Capitalized terms used but not defined herein have the meanings
specified for such terms in the Offer to Purchase and the Statement.
Item 6. Interest in Securities of the Subject Company.
Item 6 of the Statement is hereby amended and supplemented to include
the following:
At 12:00 midnight, New York City time, on Friday, October 29, 1999, the
Offer expired. Based on a preliminary count, approximately 4,278,779 Shares were
tendered pursuant to the Offer, of which 45,354 were tendered pursuant to notice
of guaranteed delivery. The Shares tendered, together with the Shares already
owned by Purchaser, constitute approximately 94% of the outstanding Shares of
the Company. All Shares validly tendered and not withdrawn prior to the
expiration of the Offer were accepted for payment.
On November 1, 1999, Purchaser was merged with and into the Company
(the "Merger") pursuant to the Merger Agreement with the Company continuing as
the surviving company and a wholly-owned subsidiary of RCA, RCP and RCMF. As a
result of the Merger, each outstanding Share (other than Shares held by Parent,
Purchaser or any wholly-owned subsidiary of Parent or Purchaser or in the
treasury of the Company or by any wholly-owned subsidiary of the Company, which
Shares were canceled with no payment being made with respect thereto, and other
than Shares, if any, held by shareholders who perfect their appraisal rights
under the Florida Business Corporation Act) was, by virtue of the Merger and
without any action by the holder thereof, converted into the right to receive
$7.00 in cash (without interest).
The amount paid by Purchaser in the Offer and the Merger was
approximately $34 million.
A copy of the press release announcing the expiration of the Offer, the
acceptance of validly tendered Shares and the Merger is attached hereto as
Exhibit (a)(8).
Item 11. Exhibits
Item 11 of the Statement is hereby amended by adding the following
exhibit:
8
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Exhibit No. (a)(8) Press Release issued by Parent on November 1, 1999.
9
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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.
Dated: November 1, 1999
RESERVOIR CAPITAL MANAGEMENT, L.L.C.
By: /s/ Daniel H. Stern
____________________________________
Name: Daniel H. Stern
Title: President
RESERVOIR CAPITAL GROUP, L.L.C.
By: /s/ Daniel H. Stern
____________________________________
Name: Daniel H. Stern
Title: President
RESERVOIR CAPITAL PARTNERS, L.P.
By: Reservoir Capital Group, L.L.C.,
General Partner
By: /s/ Daniel H. Stern
____________________________________
Name: Daniel H. Stern
Title: President
RESERVOIR CAPITAL ASSOCIATES L.P.
By: Reservoir Capital Group, L.L.C.,
General Partner
By: /s/ Daniel H. Stern
____________________________________
Name: Daniel H. Stern
Title: President
10
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RESERVOIR CAPITAL MASTER FUND, L.P.
By: Reservoir Capital Group, L.L.C.,
General Partner
By: Daniel H. Stern
------------------------------------
Name: Daniel H. Stern
Title: President
OJ ACQUISITION CORP.
By: Craig A. Huff
--------------------------------------
Name: Craig A. Huff
Title: President
11
<PAGE> 1
RESERVOIR CAPITAL GROUP ANNOUNCES THE COMPLETION OF ITS
ACQUISITION OF ORANGE-CO
NEW YORK, NY--Reservoir Capital Group, L.L.C. announced today that its
cash tender offer, through its subsidiary , OJ Acquisition Corp., for all of
the outstanding shares of common stock of Orange-co, Inc. not already owned at
$7.00 cash net per share expired at 12:00 midnight, New York City time, on
Friday, October 29, 1999, and that it has accepted for payment all shares of
Orange-co common stock tendered pursuant to the tender offer. Reservoir
previously purchased a 52.4% stake in Orange-co from affiliates of Ben Hill
Griffin, Inc. for $7.00 per share in cash on September 2, 1999.
Reservoir has been advised by the depositary for the tender offer that,
as of the expiration of the tender offer, 4,278,779 shares had been validly
tendered and not withdrawn, including 45,354 shares submitted subject to a
notice of guaranteed delivery. The shares tendered, together with the shares
already owned by Reservoir, represent approximately 94% of the outstanding
shares of Orange-co stock. Reservoir will promptly pay the holders who tendered
their shares pursuant to the tender offer following delivery of the shares.
Following the close of the tender offer, Reservoir intends to complete
its acquisition of Orange-co by merging its subsidiary, OJ Acquisition Corp.,
into Orange-co later today. As a result of the merger, each outstanding share
of the Orange-co stock will, by virtue of the merger, be converted into the
right to receive $7.00 in cash, subject to applicable dissenter's rights.
Following the merger, shareholders who did not tender their shares in the
tender offer will be receiving information from Orange-co explaining how they
surrender their shares in exchange for the $7.00 per share payment.
