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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 14D-1/A
(Amendment No. 3 - Final Amendment)
TENDER OFFER STATEMENT PURSUANT TO SECTION 14(d)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
and
SCHEDULE 13D/A
(Amendment No. 3 - Final Amendment)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
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HEIN-WERNER CORPORATION
(Name of Subject Company)
SNAP-ON PACE COMPANY
SNAP-ON INCORPORATED
(Bidders)
COMMON STOCK, PAR VALUE $1.00 PER SHARE
(Title of Class of Securities)
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423002 10 4
(Cusip Number of Class of Securities)
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Susan F. Marrinan
Vice President, General Counsel and Secretary
Snap-on Incorporated
2801 80th Street
Kenosha, Wisconsin 53414-1410
(Name, Address And Telephone Number of Person Authorized to
Receive Notices And Communications on Behalf of Bidder)
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Copy To:
William R. Kunkel, Esq.
Skadden, Arps, Slate, Meagher & Flom (Illinois)
333 West Wacker Drive
Chicago, Illinois 60606
(312) 407-0700
June 1, 1998
(Date of Event Which Requires Filing of This Statement)
This Amendment No. 3 (this "Amendment") amends and supplements the
Tender Offer Statement on Schedule 14D-1 (the "Schedule 14D-1") and the
Statement on Schedule 13D, each of which was originally filed on May 4,
1998, each as amended by Amendment No. 1 thereto, filed on May 28, 1997,
and Amendment No. 2 thereto, filed on May 29, 1998, by Snap-on Pace
Company, a Wisconsin corporation (the"Purchaser") and an indirect
wholly-owned subsidiary of Snap-on Incorporated, a Delaware corporation
("Parent"), relating to the Purchaser's tender offer for all outstanding
shares of Common Stock, par value $1.00 per share (the "Common Stock"),
including the associated common share purchase rights (the "Rights" and,
together with the Common Stock, the "Shares"), of Hein-Werner Corporation,
a Wisconsin corporation (the "Company"), at $12.60 per Share, net to the
seller in cash, upon the terms and subject to the conditions set forth in
the Offer to Purchase dated May 4, 1998 (the "Offer to Purchase"), a copy
of which has been filed as Exhibit (a)(1) to the Schedule 14D-1, and in the
related Letter of Transmittal (which together constitute the "Offer"), a
copy of which has been filed as Exhibit (a)(2) to the Schedule 14D-1.
All capitalized terms used in this Amendment shall have the meanings
attributed to them in the Schedule 14D-1. The item numbers and responses
thereto below are in accordance with the requirements of Schedule 14D-1.
ITEM 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY.
The Offer expired pursuant to its terms at 12:00 Midnight, New York
City time, on Monday, June 1, 1998, at which time, based on information
provided by the Depositary, approximately 2.7 million Shares, representing
approximately 93% of the outstanding Shares, had been validly tendered and
accepted for payment by the Purchaser pursuant to the Offer. On June 2,
1998, Parent issued a press release, a copy of which is attached hereto as
Exhibit (a)(10).
ITEM 11. MATERIALS TO BE FILED AS EXHIBITS.
Item 11 is hereby amended to add the following exhibit:
(a)(10) Press Release of Parent dated June 2, 1998.
SIGNATURE
After reasonable 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: June 2, 1998 SNAP-ON INCORPORATED
By: /s/ Susan F. Marrinan
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Name: Susan F. Marrinan
Title: Vice President,
General Counsel and Secretary
Exhibit (a)(10)
SNAP-ON INCORPORATED ANNOUNCES CLOSING OF TENDER OFFER FOR SHARES
OF HEIN-WERNER CORPORATION
Kenosha, Wisconsin: June 2, 1998 - Snap-on Incorporated announced today
that its tender offer for all outstanding common shares of Hein-Werner
Corporation (ASE:HNW) at $12.60 per share in cash expired on Monday, June
1, 1998, at midnight, EDT, and that such shares have been accepted for
payment. Snap-on stated that approximately 2.7 million common shares of
Hein-Werner were tendered pursuant to the offer, which shares represent
approximately 93% of the total outstanding shares. Hein-Werner announced
today that it will hold a special shareholders' meeting in July, 1998 for
the purpose of approving and adopting the merger of a subsidiary of Snap-on
with and into Hein-Werner, resulting in Hein-Werner becoming an indirect
wholly-owned subsidiary of Snap-on. The affirmative vote of at least 662/3
percent of the voting power of the outstanding shares of Hein-Werner will
be necessary to approve the merger. As a result of the consummation of the
tender offer, however, Snap-on owns and has the right to vote a sufficient
number of shares to approve and adopt the merger without the affirmative
vote of any other shareholder, thereby assuring such approval and adoption.
Pursuant to the terms of such merger, any Hein-Werner shares not acquired
in the tender offer will be exchanged for $12.60 per share in cash. Snap-
on Incorporated (NYSE:SNA) is a $1.7 billion leading global developer,
manufacturer and distributor of tool and equipment solutions for
professional technicians, motor service shop owners, specialty repair
centers, original equipment manufacturers, and industrial tool users
worldwide. Product lines include hand and power tools, diagnostics and
shop equipment, tool storage products, diagnostic software, and other
solutions for the automotive service industry.
Contact: Snap-on Incorporated
Media contact:
Richard Secor, 414/656-5561
Investor relations contact:
Lynn McHugh, 414/656-6488
URL: www.snapon.com
