AMERICAN CYANAMID CO
SC 14D1/A, 1994-12-23
CHEMICALS & ALLIED PRODUCTS
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C.  20549

                              ____________________

                                FINAL AMENDMENT 

                                       TO

                                 SCHEDULE 14D-1
                             Tender Offer Statement
                      Pursuant to Section 14(d)(1) of the 
                         Securities Exchange Act of 1934

                              ____________________

                            AMERICAN CYANAMID COMPANY
                            (Name of Subject Company)

                              AC ACQUISITION CORP.
                       AMERICAN HOME PRODUCTS CORPORATION
                                    (Bidder)

                     Common Stock, $5.00 par value per share
                         (Title of Class of Securities)

                                    02532110
                      (CUSIP Number of Class of Securities)

                              Louis L. Hoynes, Jr.
                    Senior Vice President and General Counsel
                       American Home Products Corporation
                               Five Giralda Farms
                           Madison, New Jersey  07940
                           Telephone:  (201) 660-5000
            (Name, Address and Telephone Number of Person Authorized
           to Receive Notices and Communications on Behalf of Bidder)


                                    Copy to:

                             Charles I. Cogut, Esq.
                           Simpson Thacher & Bartlett
                              425 Lexington Avenue
                            New York, New York  10017
                           Telephone:  (212) 455-2000
                               Page 1 of    Pages
                      The Exhibit Index is located on Page
<PAGE>
CUSIP No. 025 321 100


  1    NAME OF REPORTING PERSONS
       S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

       AC ACQUISITION CORP.

  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
       ITEM 2(e) or 2(f)

                                                                        [  ]

  6    CITIZENSHIP OR PLACE OF ORGANIZATION

       DELAWARE

  7    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

       Directly:  89,559,795

  8    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES

                                                                        [  ]

  9    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)

       97.6%

  10   TYPE OF REPORTING PERSON

       CO
<PAGE>
CUSIP No. 025 321 100


  1    NAME OF REPORTING PERSONS
       S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

       AMERICAN HOME PRODUCTS CORPORATION 

  2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                   (a)  [  ]
                                                                   (b)  [  ]
  3    SEC USE ONLY



  4    SOURCE OF FUNDS

       BK, WC AND OO

  5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
       ITEM 2(e) or 2(f)

                                                                        [  ]

  6    CITIZENSHIP OR PLACE OF ORGANIZATION

       DELAWARE

  7    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

       Indirectly through various wholly owned subsidiaries:  89,559,795

  8    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES

                                                                        [  ]

  9    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)

       97.6%

  10   TYPE OF REPORTING PERSON

       CO
<PAGE>
          This Final Amendment amends and supplements the Tender Offer
Statement on Schedule 14D-1 filed on August 10, 1994 (as amended, the "Schedule
14D-1") relating to the offer by AC Acquisition Corp., a Delaware corporation
(the "Purchaser") and a wholly owned subsidiary of American Home Products
Corporation, a Delaware corporation (the "Parent"), to purchase all of the
outstanding shares of Common Stock, $5.00 par value per share (the "Shares"),
of American Cyanamid Company, a Maine corporation (the "Company"), and the
associated Preferred Stock Purchase Rights (the "Rights") issued pursuant to
the Rights Agreement dated as of March 10, 1986, as amended, between the
Company and Mellon Bank, N.A., as successor Rights Agent, at a purchase price
of $101 per Share (and associated Right), 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 August 10, 1994, as amended and supplemented on 
August 23, 1994 (the "Offer to Purchase"), and in the related Letter of 
Transmittal (which together constitute the "Offer").  Unless otherwise 
indicated, all capitalized terms used but not defined herein shall have the 
meanings assigned to them in the Schedule 14D-1.

Item 6.  Interest in Securities of the Subject Company

          Item 6 of the Schedule 14D-1 is hereby amended and supplemented as
follows:

          Pursuant to the Offer, which expired at 8:00 p.m., New York City
time, on Monday, November 21, 1994, the Purchaser ultimately acquired
89,559,795 Shares (or approximately 97.6% of the issued and outstanding
Shares).  Previous estimates of the results of the Offer had indicated that a
total of 91,368,923 Shares (or approximately 96.6% of the Shares outstanding)
(including approximately 3,770,535 Shares subject to guarantee of delivery)
were validly tendered and not properly withdrawn pursuant to the Offer.
<PAGE>
                                    SIGNATURE

          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.

                                 AMERICAN HOME PRODUCTS CORPORATION


                                 By:           /s/ Robert G. Blount     
                                      Name:   Robert G. Blount
                                      Title:  Executive Vice President
                                              and Chief Financial Officer


                                 AC ACQUISITION CORP.


                                 By:           /s/ Robert G. Blount     
                                      Name:  Robert G. Blount
                                      Title  Vice President


Date:  December 23, 1994

                           SIMPSON THACHER & BARTLETT

                                December 23, 1994



Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C.  20549

          Re:  AC Acquisition Corp.: Final Amendment to
               Tender Offer Statement on Schedule 14D-1 

Ladies and Gentlemen:

          On behalf of AC Acquisition Corp., a Delaware corporation (the
"Purchaser") and a wholly owned subsidiary of American Home Products
Corporation, a Delaware corporation, and pursuant to Regulation S-T of the
Securities and Exchange Commission (the "Commission"), included with this
letter is a direct (modem) transmission submission of the Purchaser's Final 
Amendment to the Tender Offer Statement on Schedule 14D-1 (as amended, the
"Statement"), including all exhibits thereto, relating to the tender offer by
the Purchaser to purchase all of the outstanding shares of Common Stock, $5.00
par value per share, of American Cyanamid Company, a Maine corporation, and the
associated Preferred Stock Purchase Rights.

          By copy of this letter, one copy of the Statement, including all
exhibits, is being delivered to each of American Cyanamid Company at its
principal executive office and the New York Stock Exchange, Inc.  Please call
Robert E. Spatt (at 212-455-2685) or Michael O. Wolfson (at 212-455-2945) of
this office with any questions concerning this filing.

                               Very truly yours,

                               SIMPSON THACHER & BARTLETT



cc:  American Cyanamid Company
     New York Stock Exchange, Inc.




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