<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
---------------
AMENDMENT NO. 2 (FINAL AMENDMENT) TO
SCHEDULE TO
TENDER OFFER STATEMENT UNDER SECTION
14(d)(1) OR 13(e)(1) OF THE SECURITIES EXCHANGE ACT OF 1934
AND
AMENDMENT NO. 1 TO
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
----------------
JUSTIN INDUSTRIES, INC.
(Name of Subject Company (Issuer))
J ACQUISITION CORP. (OFFEROR)
BERKSHIRE HATHAWAY INC. (OFFEROR PARENT)
WARREN E. BUFFETT (OFFEROR PARENT)
(Names of Filing Persons (identifying status as offeror, issuer or other
person))
COMMON STOCK, PAR VALUE $2.50 PER SHARE
(Title of Class of Securities)
482171105
(CUSIP Number of Class of Securities)
---------------
MARC D. HAMBURG
VICE PRESIDENT
BERKSHIRE HATHAWAY INC.
1440 KIEWIT PLAZA
OMAHA, NE 68131
TELEPHONE: (402) 346-1400
(Name, address and telephone number of person authorized to receive notices and
communications on behalf of filing persons)
---------------
COPY TO:
ROBERT E. DENHAM, ESQ.
MUNGER, TOLLES & OLSON, LLP
355 SOUTH GRAND AVENUE
LOS ANGELES, CA 90071
TELEPHONE: (213) 683-9100
---------------
<PAGE>
CALCULATION OF FILING FEE
TRANSACTION VALUATION* AMOUNT OF FILING FEE
--------------------------------------------------------------------------------
$ 583,075,462 $ 116,616
--------------------------------------------------------------------------------
* Estimated for purposes of calculating the amount of filing fee only. The
amount assumes the purchase of a total of (i) 25,775,603 million shares of the
outstanding Common Stock, par value $2.50 per share, of the Subject Company
("Subject Company Common Stock"), (ii) 2,826 shares of Subject Company Common
Stock issuable upon the conversion of the 100 outstanding shares of Series Two
Convertible Voting Preferred Stock, par value $2.50 per share, of the Subject
Company (according to the Subject Company's most recent proxy statement), and
(iii) 1,705,885 shares of Subject Company Common Stock issuable upon exercise of
options on Subject Company Common Stock outstanding as of June 19, 2000 and
exercisable at an average exercise price of $12.65 (according to the Subject
Company).
[X] Check box if any part of the fee is offset as provided by Rule 0-11(a)(2)
and identify the filing with which the offsetting fee was previously paid.
Identify the previous filing by registration statement number, or the Form or
Schedule and the date of its filing.
Amount Previously Paid: $116,616
Form or Registration No.: Schedule TO
Filing Party: Berkshire Hathaway Inc. and J Acquisition Corp.
Date Filed: June 27, 2000
[_] Check the box if the filing relates solely to preliminary communications
made before the commencement of a tender offer.
Check the appropriate boxes below to designate any transactions to which the
statement relates:
[X] third-party tender offer subject to Rule 14d-1.
[_] issuer tender offer subject to Rule 13e-4.
[_] going-private transaction subject to Rule 13e-3.
[X] amendment to Schedule 13D under Rule 13d-2.
Check the following box if the filing is a final amendment reporting the
results of the tender offer: [X]
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
This Amendment No. 1, filed on July 26, 2000, amends the Schedule 13D filed
on June 27, 2000 by J Acquisition Corp., Berkshire Hathaway Inc. and Warren E.
Buffett.
CUSIP NO. 482171105
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
J Acquisition Corp.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS
4
AF
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
TEXAS
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 24,654,527
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 24,654,527
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
24,654,527
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
Approximately 95.6%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
------------------------------------------------------------------------------
<PAGE>
CUSIP NO. 482171105 13D
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BERKSHIRE HATHAWAY INC.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS
4
WC, AF
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 24,654,527
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 24,654,527
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
24,654,527
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
Approximately 95.6%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
HC, CO
------------------------------------------------------------------------------
<PAGE>
CUSIP NO. 482171105 13D
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WARREN E. BUFFETT
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS
4
AF
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
DELAWARE
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 24,654,527
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 24,654,527
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
24,654,527
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
Approximately 95.6%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
------------------------------------------------------------------------------
<PAGE>
SCHEDULE TO
This Amendment No. 2, filed on July 26, 2000, supplements and amends the
Tender Offer Statement on Schedule TO filed on June 27, 2000 and amended by
Amendment No. 1 filed on July 14, 2000 (as amended, the "Statement"), relating
to the offer by J Acquisition Corp., a Texas corporation ("Purchaser"), a
wholly-owned subsidiary of Berkshire Hathaway Inc., a Delaware corporation
("Berkshire"), to purchase all of the outstanding Common Stock, par value $2.50
per share (together with the associated common stock purchase rights (the
"Rights") issued pursuant to the Rights Agreement, dated as of October 6, 1989,
as amended from time to time, between the Company and The Bank of New York, as
Rights Agent, the "Shares"), of Justin Industries, Inc., a Texas corporation
(the "Company"), as set forth in the Statement. Any capitalized term not
defined herein has the meaning ascribed to such term in the Statement or in the
Offer to Purchase referred to therein.
ITEM 8. INTEREST IN SECURITIES OF THE SUBJECT COMPANY
Item 8 is amended and supplemented by the addition of the following:
The Offer expired at 12:00 midnight, New York City time, on Tuesday, July
25, 2000. Following the expiration of the Offer, Purchaser accepted for payment
all Shares validly tendered pursuant to the Offer. Purchaser was informed by
the Depositary that approximately 24,654,527 Shares were validly tendered and
not withdrawn as of the termination of the Offer, including 368,296 Shares
tendered by notice of guaranteed delivery. This represented approximately 95.6%
of the issued and outstanding Shares of the Company.
Pursuant to the Agreement and Plan of Merger, dated June 19, 2000 among
Purchaser, Parent and the Company, Purchaser intends to cause the Merger to
become effective as soon as practicable. In connection with the Merger, each
Share issued and outstanding immediately prior to the Effective Time held by
Stockholders (other than Shares with respect to which dissenters' rights have
been properly exercised in accordance with applicable Texas law) will be
canceled and converted automatically into the right to receive $22.00 in cash.
ITEM 12. EXHIBITS
Item 12 is amended to add the following exhibit:
(a)(9) Press Release issued by Parent and the Company on July 26, 2000.
<PAGE>
SIGNATURES
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.
J ACQUISITION CORP.
By /s/ Marc D. Hamburg
____________________________________
Name: Marc D. Hamburg
Title: Vice President
BERKSHIRE HATHAWAY INC.
By /s/ Marc D. Hamburg
____________________________________
Name: Marc D. Hamburg
Title: Vice President and
Chief Financial Officer
/s/ Warren E. Buffett
____________________________________
Warren E. Buffett
Dated: July 26, 2000
Exhibit Index
(a)(9) Press Release issued by Parent and the Company on July 26, 2000.
