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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
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(Amendment No. 9)
INTEK GLOBAL CORPORATION
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(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE 458134 10 3
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(Title of class of securities) (CUSIP number)
HOWARD CHATZINOFF, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, N.Y. 10153
(212) 310 8000
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(Name, address and telephone number of person authorized to receive
notices and communications )
June 4, 1999
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(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box {__}.
(Continued on following pages)
(Page 1 of 11 Pages)
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CUSIP No. 458134 10 3 13D Page 2 of 11
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<TABLE>
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<S> <C>
1. NAME OF REPORTING PERSONS: SECURICOR COMMUNICATIONS LIMITED
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON: N/A
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) {X}
(B) {_}
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3. SEC USE ONLY
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4. SOURCE OF FUNDS 00
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) {_}
OR 2(e):
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6. CITIZENSHIP OR PLACE OF ORGANIZATION: UNITED KINGDOM
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7.
NUMBER OF SOLE VOTING POWER: 34,741,015(1)
SHARES
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BENEFICIALLY 8. SHARED VOTING POWER: 0
OWNED BY
------------ ----------------------------------------------- ------------------------
EACH 9. SOLE DISPOSITIVE POWER: 34,741,015(1)
REPORTING
------------ ----------------------------------------------- ------------------------
PERSON WITH 10. SHARED DISPOSITIVE POWER: 0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY 34,741,015(1)
REPORTING PERSON:
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: {_}
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 66.75%
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14. TYPE OF REPORTING PERSON: CO
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(1) Includes 9,741,015 shares of Common Stock issuable to Securicor
Communications Limited ("SCL"), at its option, pursuant to its
conversion rights under a convertible loan facility, dated February 19,
1999, between SCL and the Issuer (the "Convertible Loan Facility").
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CUSIP No. 458134 10 3 13D Page 3 of 11
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1. NAME OF REPORTING PERSONS: SECURICOR INTERNATIONAL LIMITED
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON: N/A
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) {X}
(B) {_}
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3. SEC USE ONLY
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4. SOURCE OF FUNDS 00
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) {_}
OR 2(e):
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6. CITIZENSHIP OR PLACE OF ORGANIZATION: UNITED KINGDOM
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7.
NUMBER OF SOLE VOTING POWER: 937,042
SHARES
------------ ----------------------------------------------- ------------------------
BENEFICIALLY 8. SHARED VOTING POWER: 0
OWNED BY
------------ ----------------------------------------------- ------------------------
EACH 9. SOLE DISPOSITIVE POWER: 937,042
REPORTING
------------ ----------------------------------------------- ------------------------
PERSON WITH 10. SHARED DISPOSITIVE POWER: 0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY 937,042
REPORTING PERSON:
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: {_}
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 2.22%
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14. TYPE OF REPORTING PERSON: CO
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CUSIP No. 458134 10 3 13D Page 4 of 11
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1. NAME OF REPORTING PERSONS: SECURITY SERVICES PLC
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON: N/A
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) {X}
(B) {_}
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3. SEC USE ONLY
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4. SOURCE OF FUNDS N/A
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) {_}
OR 2(e):
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6. CITIZENSHIP OR PLACE OF ORGANIZATION: UNITED KINGDOM
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7.
NUMBER OF SOLE VOTING POWER: 35,678,057(1)
SHARES
------------ ----------------------------------------------- ------------------------
BENEFICIALLY 8. SHARED VOTING POWER: 0
OWNED BY
------------ ----------------------------------------------- ------------------------
EACH 9. SOLE DISPOSITIVE POWER: 35,678,057 (1)
REPORTING
------------ ----------------------------------------------- ------------------------
PERSON WITH 10. SHARED DISPOSITIVE POWER: 0
------------ ----------------------------------------------- ------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY 35,678,057 (1)
REPORTING PERSON:
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: {_}
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 68.55%
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14. TYPE OF REPORTING PERSON: CO
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(1) Includes 9,741,015 shares of Common Stock issuable to SCL, at its option,
pursuant to the Convertible Loan Facility.
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CUSIP No. 458134 10 3 13D Page 5 of 11
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1. NAME OF REPORTING PERSONS: SECURICOR PLC
S.S. or I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON: N/A
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) {X}
(B) {_}
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3. SEC USE ONLY
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4. SOURCE OF FUNDS N/A
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) {_}
OR 2(e):
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6. CITIZENSHIP OR PLACE OF ORGANIZATION: UNITED KINGDOM
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7.
NUMBER OF SOLE VOTING POWER: 35,678,057 (1)
SHARES
------------ ----------------------------------------------- ------------------------
BENEFICIALLY 8. SHARED VOTING POWER: 0
OWNED BY
------------ ----------------------------------------------- ------------------------
EACH 9. SOLE DISPOSITIVE POWER: 35,678,057 (1)
REPORTING
------------ ----------------------------------------------- ------------------------
PERSON WITH 10. SHARED DISPOSITIVE POWER: 0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY 35, 678, 057 (1)
REPORTING PERSON:
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: {_}
- ----------------- ----------------------------------------------------------------------------------- --------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 68.55%
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14. TYPE OF REPORTING PERSON: CO
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</TABLE>
(1) Includes 9,741,015 shares of Common Stock issuable to SCL, at its option,
pursuant to the Convertible Loan Facility.
<PAGE>
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CUSIP No. 458134 10 3 13D Page 6 of 11
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This Amendment No. 9 amends and supplements the Statement on Schedule
13D filed with the Securities and Exchange Commission (the "Commission") by the
reporting persons named therein (the "Corporations") with respect to their
ownership of common stock, par value $0.01 per share (the "Common Stock"), of
Intek Global Corporation (the "Issuer"). Unless otherwise indicated, all
capitalized terms used herein shall have the meanings ascribed to them in such
Schedule 13D, as previously amended.
Item 4. Purpose of Transaction.
Item 4 is hereby amended and supplemented by the addition of the
following information:
At the close of business on June 4, 1999, Securicor Communications
Limited ("SECURICOR COMMUNICATIONS") delivered a letter to Dean Howard Frank,
Chairman of the Special Committee of the Board of Directors of the Issuer (the
"SPECIAL COMMITTEE") proposing a business combination transaction pursuant to
which the Issuer would become a wholly-owned subsidiary of Securicor
Communications. The letter indicated that this transaction would result in the
receipt by all shareholders of the Issuer other than Securicor Communications
and its subsidiaries of U.S. $2.75 per share in cash, which represents a 91%
premium over the per share price of the Issuer common stock at the close of
business on January 20, 1999, the day immediately preceding the announcement by
the Issuer that it was appointing the Special Committee to evaluate any
proposals by Securicor Communications with respect to its equity and debt
interests in the Issuer. The letter further indicated that, although Securicor
Communications was willing to negotiate the terms of a merger agreement,
Securicor did not intend to increase the proposed price per share. Securicor
Communications is waiting for the Special Committee's response to this proposal.
Item 7. Material to be Filed as Exhibits
The following is filed herewith as an exhibit to this Schedule 13D
Amendment:
(i) Letter, dated June 4, 1999, from Securicor Communications to Dean
Howard Frank, as Chairman of the Special Committee.
6
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CUSIP No. 458134 10 3 13D Page 7 of 11
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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.
SECURICOR COMMUNICATIONS LIMITED
Date: June 7, 1999 By: /s/ Nigel Griffiths
---------------------------------
Name: Nigel Griffiths
Title: Director
7
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CUSIP No. 458134 10 3 13D Page 8 of 11
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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.
SECURICOR INTERNATIONAL LIMITED
Date: June 7, 1999 By: /s/ Nigel Griffiths
----------------------------------
Name: Nigel Griffiths
Title: Director
8
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CUSIP No. 458134 10 3 13D Page 9 of 11
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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.
SECURITY SERVICES PLC
Date: June 7, 1999 By: /s/ Nigel Griffiths
-----------------------------------
Name: Nigel Griffiths
Title: Director and Secretary
9
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CUSIP No. 458134 10 3 13D Page 10 of 11
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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.
SECURICOR PLC
Date: June 7, 1999 By: /s/ Nigel Griffiths
------------------------------------
Name: Nigel Griffiths
Title: Director and Secretary
10
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CUSIP No. 458134 10 3 13D Page 11 of 11
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EXHIBIT INDEX
EXHIBIT NO. DOCUMENT PAGE NO.
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(1) Letter, dated June 4, 1999, from
Securicor Communications Limited to
Dean Howard Frank, as Chairman of
the Special Committee of the Board
of Directors of Intek Global
Corporation
Exhibit 1
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SECURICOR communications
Securicor Communications Limited
Sutton Park House, 15 Carshalton Road
Sutton Surrey SM1 4LD
Telephone 0181 770 7000
Fax 0181 722 2409
June 4, 1999
Confidential
- ------------
Dean Howard Frank
Chairman of the Special Committee of
the Board of Directors of
Intek Global Corporation
c/o Bear, Stearns & Co. Inc.
245 Park Avenue
New York, New York 10167
Dear Dean Frank:
As you know, Securicor Communications Limited ("Securicor") has been evaluating
various alternatives relating to its equity and debt interests in Intek Global
Corporation ("Intek"). Based on those evaluations and the discussions
Securicor's and Intek's respective financial advisers regarding Intek, we are
pleased to submit a proposal to Intek for a business combination transaction
pursuant to which Intek would become a wholly-owned subsidiary of Securicor.
This transaction will result in the receipt by all shareholders of Intek other
than Securicor and its subsidiaries of US$2.75 per share in cash, which
represents a 91% premium over the per share price of the Intek common stock at
the close of business on January 20, 1999, the day immediately preceding the
announcement by the Company that it was appointing a special committee of the
Board of Directors of Intek (the "Special Committee") to evaluate any proposals
by Securicor with respect to its equity and debt interests in Intek.
This transaction would be subject to:
(a) the negotiation and execution of a definitive merger agreement.
(b) the approval of the merger agreement by the Boards of Directors of
Securicor and Intek, and the satisfaction of all conditions to closing
set forth in the merger agreement, and
(c) the receipt of all necessary governmental and regulatory approvals.
Although we are willing to negotiate the terms of the merger agreement, we do
not intend to increase the price set forth in the above proposal.
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Securicor and its advisers are available to meet with the Special Committee and
its advisers at your convenience to discuss this proposal and the form of merger
agreement proposed for this transaction. We look forward to the Special
Committee's response to this proposal.
Very truly yours,
NIGEL GRIFFITHS
SECURICOR COMMUNICATIONS LIMITED
cc: Mr. Charles Diao - Bear, Stearns & Co. Inc.
Steve Buffone, Esq., - Gibson, Dunn & Crutcher