INTEK GLOBAL CORP
SC 13D/A, 1999-06-07
RADIOTELEPHONE COMMUNICATIONS
Previous: INTEL CORP, SC 13D, 1999-06-07
Next: INTERPUBLIC GROUP OF COMPANIES INC, 424B3, 1999-06-07



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

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
             ------------------------------------------------------

                                  SCHEDULE 13D

                    Under the Securities Exchange Act of 1934

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

                                (Amendment No. 9)


                            INTEK GLOBAL CORPORATION
- --------------------------------------------------------------------------------
                                (Name of Issuer)


  COMMON STOCK, $0.01 PAR VALUE                                458134 10 3
- ----------------------------------                       -----------------------
  (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
 ------------------------------------------------------------------------------
       (Name, address and telephone number of person authorized to receive
                          notices and communications )

                                  June 4, 1999
 ------------------------------------------------------------------------------
             (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)



LO1:\67425\06\1G0X06!.DOC\73273.0001
<PAGE>
- --------------------------------------------------------------------------------
CUSIP No. 458134 10 3                  13D                  Page 2 of 11
- --------------------------------------------------------------------------------
<TABLE>
- ----------------- --------------------------------------------- ----------------------------------------------------------
<S>               <C>
1.                NAME OF REPORTING PERSONS:                    SECURICOR COMMUNICATIONS LIMITED

                  I.R.S. IDENTIFICATION NO.
                  OF ABOVE PERSON:                                                                  N/A

- ----------------- ---------------------------------------------------------------------------------- ---------------------
2.                CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:                                  (A)    {X}
                                                                                                     (B)    {_}

- ----------------- ---------------------------------------------------------------------------------- ---------------------
3.                SEC USE ONLY
- ----------------- --------------------------------------------- ------------------------------------ ---------------------
4.                SOURCE OF FUNDS                                               00
- ----------------- ---------------------------------------------------------------------------------- ---------------------
5.                CHECK BOX IF DISCLOSURE OF LEGAL  PROCEEDINGS  IS REQUIRED  PURSUANT TO ITEM 2(d)           {_}
                  OR 2(e):
- ----------------- ---------------------------------------------------------------------------------- ---------------------
6.                CITIZENSHIP OR PLACE OF ORGANIZATION:                                                    UNITED KINGDOM
- ----------------- ------------------------------------------------------ -------------------- ----------------------------
                                     7.
             NUMBER OF                            SOLE VOTING POWER:                                        34,741,015(1)
              SHARES

                                     ------------ ----------------------------------------------- ------------------------
           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
- ----------------- --------------------------------------------------------------------------------------------------------
11.               AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                                    34,741,015(1)
                  REPORTING PERSON:

- ----------------- --------------------------------------------------------------------------------------------------------
12.               CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:                              {_}

- ----------------- ----------------------------------------------------------------------------------- --------------------
13.               PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):                                              66.75%

- ----------------- ----------------------------------------------------------------------------------- --------------------
14.               TYPE OF REPORTING PERSON:                                                                            CO
- ----------------- ----------------------------------------------------------------------------------- --------------------

(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").

<PAGE>
- --------------------------------------------------------------------------------
CUSIP No. 458134 10 3                  13D                  Page 3 of 11
- --------------------------------------------------------------------------------

- ----------------- --------------------------------------------- ----------------------------------------------------------
1.                NAME OF REPORTING PERSONS:                    SECURICOR INTERNATIONAL LIMITED

                  S.S. OR I.R.S.  IDENTIFICATION  NO. OF ABOVE
                  PERSON:                                                                           N/A

- ----------------- ---------------------------------------------------------------------------------- ---------------------
2.                CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:                                  (A)   {X}
                                                                                                     (B)    {_}

- ----------------- ---------------------------------------------------------------------------------- ---------------------
3.                SEC USE ONLY
- ----------------- --------------------------------------------- ------------------------------------ ---------------------
4.                SOURCE OF FUNDS                                               00
- ----------------- ---------------------------------------------------------------------------------- ---------------------
5.                CHECK BOX IF DISCLOSURE OF LEGAL  PROCEEDINGS  IS REQUIRED  PURSUANT TO ITEM 2(d)           {_}
                  OR 2(e):
- ----------------- ---------------------------------------------------------------------------------- ---------------------
6.                CITIZENSHIP OR PLACE OF ORGANIZATION:                                                    UNITED KINGDOM
- ----------------- ------------------------------------------------------ -------------------- ----------------------------
                                     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

- ----------------- ----------------------------------------------------------------------------------- --------------------
11.               AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                                          937,042
                  REPORTING PERSON:

- ----------------- ----------------------------------------------------------------------------------- --------------------
12.               CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:                              {_}

- ----------------- ----------------------------------------------------------------------------------- --------------------
13.               PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):                                               2.22%

- ----------------- ----------------------------------------------------------------------------------- --------------------
14.               TYPE OF REPORTING PERSON:                                                                            CO
- ----------------- ----------------------------------------------------------------------------------- --------------------

<PAGE>
- --------------------------------------------------------------------------------
CUSIP No. 458134 10 3                  13D                  Page 4 of 11
- --------------------------------------------------------------------------------

- ----------------- --------------------------------------------- ----------------------------------------------------------
1.                NAME OF REPORTING PERSONS:                                      SECURITY SERVICES PLC

                  S.S. OR I.R.S.  IDENTIFICATION  NO. OF ABOVE
                  PERSON:                                                                           N/A

- ----------------- ---------------------------------------------------------------------------------- ---------------------
2.                CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:                                  (A)   {X}
                                                                                                     (B)    {_}

- ----------------- ---------------------------------------------------------------------------------- ---------------------
3.                SEC USE ONLY
- ----------------- --------------------------------------------- ------------------------------------ ---------------------
4.                SOURCE OF FUNDS                                               N/A
- ----------------- ---------------------------------------------------------------------------------- ---------------------
5.                CHECK BOX IF DISCLOSURE OF LEGAL  PROCEEDINGS  IS REQUIRED  PURSUANT TO ITEM 2(d)           {_}
                  OR 2(e):
- ----------------- ---------------------------------------------------------------------------------- ---------------------
6.                CITIZENSHIP OR PLACE OF ORGANIZATION:                                                    UNITED KINGDOM
- ----------------- ------------------------------------------------------ -------------------- ----------------------------
                                     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:

- ----------------- ----------------------------------------------------------------------------------- --------------------
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%

- ----------------- ----------------------------------------------------------------------------------- --------------------
14.               TYPE OF REPORTING PERSON:                                                                            CO
- ----------------- ----------------------------------------------------------------------------------- --------------------


(1)  Includes 9,741,015 shares of Common Stock issuable to SCL, at its option,
     pursuant to the Convertible Loan Facility.

<PAGE>
- --------------------------------------------------------------------------------
CUSIP No. 458134 10 3                  13D                  Page 5 of 11
- --------------------------------------------------------------------------------

- ----------------- --------------------------------------------- ----------------------------------------------------------
1.                NAME OF REPORTING PERSONS:                                               SECURICOR PLC

                  S.S. or I.R.S. IDENTIFICATION NO.
                  OF ABOVE PERSON:                                                                  N/A

- ----------------- ---------------------------------------------------------------------------------- ---------------------
2.                CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:                                  (A)   {X}
                                                                                                     (B)   {_}

- ----------------- --------------------------------------------- ------------------------------------ ---------------------
3.                SEC USE ONLY
- ----------------- --------------------------------------------- ------------------------------------ ---------------------
4.                SOURCE OF FUNDS                                               N/A
- ----------------- ---------------------------------------------------------------------------------- ---------------------
5.                CHECK BOX IF DISCLOSURE OF LEGAL  PROCEEDINGS  IS REQUIRED  PURSUANT TO ITEM 2(d)           {_}
                  OR 2(e):
- ----------------- ---------------------------------------------------------------------------------- ---------------------

6.                CITIZENSHIP OR PLACE OF ORGANIZATION:                                                    UNITED KINGDOM
- ----------------- ------------------------------------------------------ -------------------- ----------------------------
                                     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:

- ----------------- ----------------------------------------------------------------------------------- --------------------
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%

- ----------------- ----------------------------------------------------------------------------------- --------------------
14.               TYPE OF REPORTING PERSON:                                                                            CO
- ----------------- ----------------------------------------------------------------------------------- --------------------

</TABLE>

(1)  Includes 9,741,015 shares of Common Stock issuable to SCL, at its option,
     pursuant to the Convertible Loan Facility.

<PAGE>
- --------------------------------------------------------------------------------
CUSIP No. 458134 10 3                  13D                  Page 6 of 11
- --------------------------------------------------------------------------------

         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
<PAGE>
- --------------------------------------------------------------------------------
CUSIP No. 458134 10 3                  13D                  Page 7 of 11
- --------------------------------------------------------------------------------


                                    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
<PAGE>
- --------------------------------------------------------------------------------
CUSIP No. 458134 10 3                  13D                  Page 8 of 11
- --------------------------------------------------------------------------------


                                    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
<PAGE>
- --------------------------------------------------------------------------------
CUSIP No. 458134 10 3                  13D                  Page 9 of 11
- --------------------------------------------------------------------------------


                                    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
<PAGE>
- --------------------------------------------------------------------------------
CUSIP No. 458134 10 3                  13D                  Page 10 of 11
- --------------------------------------------------------------------------------


                                    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
<PAGE>
- --------------------------------------------------------------------------------
CUSIP No. 458134 10 3                  13D                  Page 11 of 11
- --------------------------------------------------------------------------------


                                  EXHIBIT INDEX


EXHIBIT NO.             DOCUMENT                                    PAGE NO.
- -----------             --------                                    --------

(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
                                                                       ---------

                                                        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.



LO1:\113178\01\2FB%01!.DOC\73273.0007
<PAGE>
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





© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission