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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 14D-1
TENDER OFFER STATEMENT PURSUANT TO SECTION
14(d)(1) OF THE SECURITIES EXCHANGE ACT OF 1934
(Final Amendment)
and
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Gibson Greetings, Inc.
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(Name of Subject Company)
Granite Acquisition Corp.; American Greetings Corporation
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(Bidders)
Common Stock, Par Value $.01 Per Share
(Including Associated Series B Preferred Stock Purchase Rights)
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(Title of Class of Securities)
374827103
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(CUSIP Number of Class of Securities)
Jon Groetzinger, Jr., Esq.
One American Road
Cleveland, Ohio 44114
(216) 252-7300
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications on Behalf of Bidder)
Copy to:
Lyle G. Ganske, Esq.
North Point
Jones, Day, Reavis & Pogue
901 Lakeside Avenue
Cleveland, Ohio 44114
(216) 586-3939
March 9, 2000
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(Date of Event Which Requires Filing of This Statement)
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CUSIP NO. 374827103 14D-1 PAGE 2 OF 7 PAGES
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
American Greetings Corporation
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b)
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
WC, OO
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT
TO ITEM 2(e) OR 2(f)
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Ohio
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7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
15,431,420
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8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES
CERTAIN SHARES*
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9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
97.4%
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10. TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 374827103 14D-1 PAGE 3 OF 7 PAGES
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Granite Acquisition Corp.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b)
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
WC, OO
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT
TO ITEM 2(e) OR 2(f)
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
15,431,420
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8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES
CERTAIN SHARES*
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9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
97.4%
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10. TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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This Final Amendment is to the Tender Offer Statement on Schedule
14D-1, originally filed on November 9, 1999 (as thereafter amended, the
"Statement"), that relates to the offer by Granite Acquisition Corp. (the
"Purchaser"), a Delaware corporation and a wholly owned subsidiary of American
Greetings Corporation, an Ohio corporation ("Parent"), to purchase all
outstanding shares of Common Stock, par value $.01 per share (the "Shares"), of
Gibson Greetings, Inc., a Delaware corporation (the "Company") and Associated
Series B Preferred Stock Purchase Rights (the "Rights") issued pursuant to the
Rights Agreement, dated September 8, 1999, between the Company and The Bank of
New York, as Rights Agent (as the same may be amended, the "Rights Agreement"),
at a purchase price of $10.25 per Share and associated Right (subject to
possible upward adjustment), net to the seller in cash, without interest on the
terms and subject to the conditions set forth in the Offer to Purchase, dated
November 9, 1999 (the "Offer to Purchase"), and in the related Letter of
Transmittal (which, as amended from time to time, together constitute the
"Offer"). This Statement is being filed on behalf of the Purchaser and Parent.
Unless the context otherwise requires, capitalized terms not defined in this
Amendment have the meanings assigned to them in the Offer to Purchase.
The Statement is hereby amended and/or supplemented as provided below:
ITEM 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY.
Item 6(a) and (b) is hereby amended and supplemented by the following:
Pursuant to the Offer, which expired at 5:00 p.m., New York City Time,
on Wednesday, March 8, 2000, the Purchaser purchased a total of 15,431,420
Shares, representing approximately 97.4% of the outstanding Shares.
In accordance with the terms of the Merger Agreement, after the
Purchaser purchased the Shares, the Purchaser merged with and into the Company
on March 9, 2000, pursuant to the "short-form" merger procedure permitted under
Section 253 of Delaware Law. In connection with the Merger, each issued and
outstanding Share (other than those owned by Parent or any direct or indirect
subsidiary of Parent, any Shares held in the treasury of the Company or Shares
with respect to which appraisal rights have been demanded and perfected in
accordance with applicable Delaware Law) were converted into and represent the
right to receive $10.25 in cash, without interest.
ITEM 10. ADDITIONAL INFORMATION.
Item 10(f) is hereby amended and supplemented by adding to the end
thereof the following:
On March 9, 2000, Parent issued a press release, a copy of which is
included as exhibit (a)(14) hereto and incorporated herein by reference, which
announced that the Purchaser completed the Offer and closed the acquisition for
the Company.
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ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
Item 11 is hereby amended to add the following exhibit:
(a)(14) Press release issued by Parent on March 9, 2000.
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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: March 9, 2000
AMERICAN GREETINGS
CORPORATION
By: /s/ Jon Groetzinger, Jr.
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Name: Jon Groetzinger, Jr.
Title: Secretary
GRANITE ACQUISITION CORP.
By: /s/ Jon Groetzinger, Jr.
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Name: Jon Groetzinger, Jr.
Title: Secretary
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EXHIBIT INDEX
EXHIBIT
NO. DESCRIPTION
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(a)(14) Press release issued by Parent on March 9, 2000.
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Exhibit (a)(14)
AMERICAN GREETINGS COMPLETES TENDER OFFER
FOR GIBSON GREETINGS, CLOSES ACQUISITION
Cleveland, OH -- March 9, 2000 -- American Greetings (NYSE: AM) today announced
that it has completed its cash tender offer for all of the outstanding shares of
Gibson Greetings' (Nasdaq: GIBG) common stock at $10.25 net per share, and that
the acquisition of Gibson Greetings by American Greetings has closed.
In the offer, which commenced November 9, 1999 and expired at 5:00 p.m., New
York City time, on March 8, 2000, a total of 15,431,420 shares were validly
tendered and not withdrawn, representing about 97.4% of all outstanding common
shares of Gibson Greetings, all of which were accepted for payment.
Each Gibson Greetings share not tendered was converted into the right to receive
$10.25 in cash, without interest, pursuant to a merger of Gibson Greetings with
a wholly owned subsidiary of American Greetings. The total value of the
transaction was approximately $175 million.
American Greetings is the world's largest publicly held creator, manufacturer
and distributor of greeting cards and social expression products. With
headquarters in Cleveland, Ohio, American Greetings employs more than 21,000
associates around the world and has one of the largest creative studios in the
world. For more information on American Greetings, visit its site on the World
Wide Web at www.americangreetings.com.
CONTACT:
Dale A. Cable Jim King
Vice President, Treasurer Manager, Investor & Media Relations
American Greetings Corporation American Greetings Corporation
(216) 252-7300 (216) 252-4864
