EASTGROUP PROPERTIES INC
SC 14D1/A, 1998-04-23
REAL ESTATE INVESTMENT TRUSTS
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<PAGE>
 
- ------------------------------------------------------------------------------
 
 
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                            ---------------------- 

                       AMENDMENT NO. 4 (Final Amendment)
                                      TO
                            TENDER OFFER STATEMENT
                         PURSUANT TO SECTION 14(d)(1)
                    OF THE SECURITIES EXCHANGE ACT OF 1934
                                      AND
                                 SCHEDULE 13D
                               (Amendment No. 7)
                       UNDER THE SECURITIES ACT OF 1934
                            ---------------------- 
                      MERIDIAN POINT REALTY TRUST VIII CO.
                           (Name of Subject Company)
                            ---------------------- 
                           EASTGROUP PROPERTIES, INC.
                            EASTGROUP-MERIDIAN, INC.
                                   (Bidders)
                            ---------------------- 
                   Common Shares, $0.001 par value per share
                  Preferred Shares, $0.001 par value per share
                        (Title of Classes of Securities)
                            ---------------------- 
                                  589954-10-6
                                  589954-20-5
                   (CUSIP Numbers of Classes of Securities)
                            ---------------------- 
                              DAVID H. HOSTER II
                            EastGroup-Meridian, Inc.
                         c/o EastGroup Properties, Inc.
                             300 One Jackson Place
                            188 East Capitol Street
                        Jackson, Mississippi 39201-2195
                                 (601) 354-3555
           (Name, Address and Telephone Number of Persons Authorized
          to Receive Notices and Communications on Behalf of Bidders)

                            ---------------------- 

                                   Copies to:
                            JOSEPH P. KUBAREK, ESQ.
                        Jaeckle Fleischmann & Mugel, LLP
                            800 Fleet Bank Building
                             Twelve Fountain Plaza
                           Buffalo, New York   14202
                                 (716) 856-0600

                            ---------------------- 
                                 April 22, 1998
        (Date of Event Which Requires Filing Statement on Schedule 13D)

                              Page 1 of 7 Pages

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- -----------------------                                  ---------------------
  CUSIP No. 589954-20-5        14D-1/A & 13D/A             PAGE 2 OF 7 PAGES
- -----------------------                                  ---------------------
 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
                          
      EastGroup Properties, Inc.
- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
                                                                (b) [_]
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 
- ------------------------------------------------------------------------------
      SOURCE OF FUNDS*
 4    
      WC
- ------------------------------------------------------------------------------
      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 
      TO ITEMS 2(e) or 2(f) [_]
 5    
- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 6    
      Maryland
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7    
      4,602,461 Preferred Shares
- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES*
8
      [_]
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
9
      87.3%
- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
10
      CO
- ------------------------------------------------------------------------------

                     *SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>

- -----------------------                                  ---------------------
  CUSIP NO. 589954-10-6         14D-1/A & 13D/A            PAGE 3 OF 7 PAGES
- -----------------------                                  ---------------------
 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
                          
      EastGroup Properties, Inc.
- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
                                                                (b) [_]
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 
- ------------------------------------------------------------------------------
      SOURCE OF FUNDS*
 4    
      WC
- ------------------------------------------------------------------------------
      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 
 5    TO ITEMS 2(e) or 2(f) [_]
     
- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 6    
      Maryland
- ------------------------------------------------------------------------------
7     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

      1,208,693 Common Shares
- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES*
 8                  
      [_]
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
 9    
      70.7%
- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
10
      CO
- ------------------------------------------------------------------------------

                     *SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
 
     EastGroup-Meridian, Inc., (the "Purchaser"), a Missouri corporation and a
wholly-owned subsidiary of EastGroup Properties, Inc.("EastGroup"), a Maryland
corporation, hereby amend their Tender Offer Statement on Schedule 14D-1 dated
February 23, 1998, as amended (the "Schedule 14D-1"), and Statement on Schedule
13D with respect to the common shares, par value $0.001 per share ("Common
Shares"), and preferred shares, par value $0.001 per share ("Preferred Shares"),
of Meridian Point Realty Trust VIII Co. (the "Company"), a Missouri corporation.
Unless otherwise defined herein, capitalized terms shall have the meanings set
forth in the Schedule 14D-1. References to the Offer to Purchase are to the
Offer to Purchase filed as Exhibit (a)(1) to the Schedule 14D-1 and references
to the Supplement are references to the Supplement dated March 12, 1998 to the
Offer to Purchase filed as Exhibit (a)(9) hereto.


Item 4. Source and Amount of Funds or Other Consideration

     Item 4 is amended to add the following:

     The Purchaser used approximately $41.6 million to purchase the Common
Shares and Preferred Shares tendered pursuant to the Offer.  The Purchaser
obtained such funds from EastGroup.  EastGroup financed the transaction using
its revolving credit facilities with Deposit Guaranty National Bank, Jackson,
Mississippi.  The credit facilities bear interest at a rate of LIBOR plus 1.40%.


Item 5. Purpose of the Tender Offer and Plans or Proposals of the Bidder

     Item 5 is amended to add the following:

     On April 22, 1998, pursuant to the Merger Agreement, Micolyn M. Yalonis,
Homer McK. Rees and Richard M. Osborne resigned as trustees of the Company and
three designees of the Purchaser, H.C. Bailey, Jr., David H. Hoster II and
Leland R. Speed were appointed as trustees of the Company by the remaining
trustees.  Christopher J. Doherty, Robert H. Gidel, S. Michael Lucash and
Lawrence P. Morris are the remaining trustees of the Company.

     The Purchaser intends to complete the Merger as expeditiously as possible
but has not yet determined whether it will exercise the options granted to it
pursuant to the Merger Agreement to increase its percentage ownership of Common
Shares and Preferred Shares to the 90% level so that a short-form merger can be
effected or whether it will cause the Company to call a meeting of its
shareholders to approve the Merger, at which meeting the Merger would be
approved by a vote of the Shares held by the Purchaser without the vote of any
other shareholder.

                                       4
<PAGE>
 
Item 6. Interest in Securities of the Subject Company

     Item 6 is amended to add the following:

     The Offer expired at 5:00 p.m. New York City Time, on Friday, April 17,
1998.  Based on a preliminary count, a total of approximately 1,208,693 Common
Shares and 3,132,905 Preferred Shares were tendered pursuant to the Offer.  All
properly tendered Shares were purchased on Wednesday, April 22, 1998 in
accordance with the terms of the Offer.  The Common Shares tendered and
purchased constitute approximately 70.7% of the outstanding Common Shares and
the Preferred Shares tendered and purchased plus the Preferred Shares already
owned by the Purchaser constitute approximately 87.3% of the outstanding
Preferred Shares.


Item 11.  Exhibits

     Item 11 is amended by the addition of the following:

     (a)(11) Press Release dated April 20, 1998.

                                       5
<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.


Dated:  April 23, 1998             EASTGROUP PROPERTIES, INC.



                                    By:  /s/ N. Keith McKey
                                       ----------------------------------------
                                         Name:     N. Keith McKey
                                         Title:    Executive Vice President



                                    EASTGROUP-MERIDIAN, INC.



                                    By:  /s/ N. Keith McKey
                                       ----------------------------------------
                                         Name:     N. Keith McKey
                                         Title:    Vice President

                                       6

<PAGE>
 
                                                                 Exhibit (a)(11)



EastGroup Properties, Inc.
300 One Jackson Place
188 East Capitol Street
Jackson, MS   39201

Contact:  Keith McKey (601) 354-3555


For Immediate Release
- ---------------------


                       EASTGROUP ANNOUNCES EXPIRATION OF
                       ---------------------------------
                      CASH TENDER OFFER FOR MERIDIAN VIII
                      -----------------------------------
              ALL TENDERED SHARES HAVE BEEN ACCEPTED FOR PURCHASE
              ---------------------------------------------------


     Jackson, Mississippi, April 20, 1998 - EastGroup Properties, Inc. (NYSE:
EGP) announced that its cash tender offer for all issued and outstanding common
and preferred shares of Meridian Point Realty Trust VIII Co. (AMEX:  MPH)
expired at 5:00 p.m. on Friday, April 17 and that all tendered shares have been
accepted for purchase.  According to the depositary for the tender offer, Harris
Trust Company of New York, 1,208,693 shares of common stock of Meridian VIII and
3,132,905 shares of preferred stock of Meridian VIII were tendered pursuant to
the offer.  The tendered shares accepted for purchase, when combined with
EastGroup's ownership of 1,469,556 preferred shares, represent approximately
83.2% of the outstanding voting securities of Meridian VIII.

     For further information, please contact Beacon Hill Partners, Inc. at
800-253-3814, which is acting as Information Agent for the offer.


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