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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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AMENDMENT NO. 8 TO
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
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AMP INCORPORATED
(NAME OF SUBJECT COMPANY)
PMA ACQUISITION CORPORATION
A WHOLLY OWNED SUBSIDIARY OF
ALLIEDSIGNAL INC.
(BIDDER)
COMMON STOCK, WITHOUT PAR VALUE
(INCLUDING THE ASSOCIATED COMMON STOCK PURCHASE RIGHTS)
(TITLE OF CLASS OF SECURITIES)
031897101
(CUSIP NUMBER OF CLASS OF SECURITIES)
PETER M. KREINDLER, ESQ.
ALLIEDSIGNAL INC.
101 COLUMBIA ROAD
MORRISTOWN, NEW JERSEY 07692
(973) 455-5513
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(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO
RECEIVE NOTICES AND COMMUNICATIONS ON BEHALF OF BIDDERS)
Copies to:
ARTHUR FLEISCHER, ESQ.
FRIED, FRANK, HARRIS, SHRIVER & JACOBSON
ONE NEW YORK PLAZA
NEW YORK, NEW YORK 10004 - 1980
(212) 859-8120
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<PAGE>
SCHEDULE 13D
CUSIP No. 031897101
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON
ALLIEDSIGNAL INC. (E.I.N.: 22-2640650)
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
BK, WC, OO
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS
2(d) or 2(c) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
20,000,100 Common Shares
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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)
9.1% of outstanding Common Shares
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10. TYPE OF REPORTING PERSON
HC and CO
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<PAGE>
SCHEDULE 13D
CUSIP No. 031897101
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON
PMA ACQUISITION CORPORATION (E.I.N.: 22-3610482)
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
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3. SEC USE ONLY
- -----------------------------------------------------------------------
4. SOURCE OF FUNDS
BK, WC, OO
- -----------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS
2(d) or 2(c) [ ]
- -----------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
20,000,100 Common Shares
- -----------------------------------------------------------------------
8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN
SHARES
[ ]
- -----------------------------------------------------------------------
9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
9.1% of outstanding Common Shares
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10. TYPE OF REPORTING PERSON
CO
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<PAGE>
The Schedule 13D filed by PMA Acquisition Corporation ("PMA"), a
Delaware corporation, a wholly owned subsidiary of AlliedSignal Inc.
("AlliedSignal"), a Delaware corporation, on October 9, 1998 is hereby
amended as follows:
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
(a)(15) Reply in Support of AlliedSignal and PMA's Emergency Motion for a
Stay of Injunction Pending Expedited Appeal or, in the
Alternative, for an Emergency Hearing on a Limited Merits Issue
filed on October 27, 1998 in the United States Court of Appeals
for the Third Circuit (No. 98-1881, 98-1882).
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of their knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: October 28, 1998
PMA ACQUISITION CORPORATION
By: /s/ Peter M. Kreindler
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Name: Peter M. Kreindler
Title: Vice President, Secretary
and Director
ALLIEDSIGNAL INC.
By: /s/ Peter M. Kreindler
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Name: Peter M. Kreindler
Title: Senior Vice President,
General Counsel and
Secretary
EXHIBIT (a)(15)
IN THE UNITED STATES COURT OF APPEALS
FOR THE THIRD CIRCUIT
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NOS. 98-1881, 98-1882
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ALLIEDSIGNAL INC., a Delaware corporation,
Appellant
v.
AMP INCORPORATED, a Pennsylvania corporation,
Appellee
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ALLIEDSIGNAL INC., a Delaware corporation, and
PMA ACQUISITION CORPORATION, a Delaware corporation,
Appellant
v.
AMP INCORPORATED, a Pennsylvania corporation,
Appellee
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On Appeal from the United States District Court
for the Eastern District of Pennsylvania
Civil Action Nos. 98-CV-4405, 4058
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REPLY IN SUPPORT OF APPELLANTS' EMERGENCY MOTION FOR A STAY OF
INJUNCTION PENDING EXPEDITED APPEAL OR, IN THE ALTERNATIVE,
FOR AN EMERGENCY HEARING ON A LIMITED MERITS ISSUE
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DECHERT PRICE & RHOADS SCHNADER HARRISON
Mary A. McLaughlin SEGAL & LEWIS
George G. Gordon Arlin M. Adams
4000 Bell Atlantic Tower 1600 Market Street, Ste. 3600
1717 Arch Street Philadelphia, PA 19103
Philadelphia, PA 19103 (215) 751-2000
(215) 994-4000 (215) 751-2205 Facsimile
(215) 994-2222 Facsimile
FRIED, FRANK, HARRIS, SHRIVER & JACOBSON
Alexander R. Sussman
Barry G. Sher
One New York Plaza
New York, New York 10004
(212) 859-8000
(212) 859-4000 Facsimile
<PAGE>
AMP Incorporated ("AMP") is attempting to divert attention from
the merits of AlliedSignal Inc.'s ("AlliedSignal") Emergency Motion for a
Stay(FN1) by suggesting -- in complete contradiction to the record -- that the
current procedural limbo in which AlliedSignal finds itself was caused, not
by the district court's constant reinterpretation of its October 8, 1998
Order, but (1) by AlliedSignal's arguments at the October 21, 1998 hearing
and (2) by AlliedSignal's interpretation of allegedly ambiguous statements
by the district court. AMP also argues that AlliedSignal has been
inconsistent in its characterization of the October 8, 1998 injunction
order. AMP is wrong, and can only support its arguments by distorting the
record and misstating AlliedSignal's arguments. This short reply brief
points out only AMP's most egregious distortions and misstatements.
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1 Appellants' Emergency Motion for a Stay of Injunction Pending Expedited
Appeal or, in the alternative, for an Emergency Hearing on a Limited
Merits Issue.
First, AMP attempts to explain away the district court's
vacillation and consistent reinterpretation of the October 8, 1998 Order by
asserting that AlliedSignal has relied on allegedly ambiguous statements by
the district court. For example, although the district court expressly
stated during the October 13, 1998 conference that AlliedSignal's Consent
Statement, as amended, "complies" with the October 8, 1998 Order, AMP
argues that this statement was ambiguous. AMP further argues that, given
such an "ambiguous" statement, AlliedSignal was "obliged to ask the court
for a definitive ruling that it was in compliance." (AMP Brf. at 8-9.) AMP,
however, fails even to mention the fact that the district court stated
explicitly on October 13 that "[ALLIEDSIGNAL] CAN SOLICIT CONSENTS SO LONG
AS THEY HAVE A SOLICITATION THAT DOES NOT INCLUDE THE POISON PILL." (Tab 3
at 42.)(FN2) It is hard to imagine a more definitive ruling but, as explained
in AlliedSignal's Emergency Motion for a Stay, the district court changed
its mind just two days later. (Emergency Motion at 6-8.)
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2 Citations to "Tab __" refer to the tabs attached to the Appendix
accompanying AlliedSignal's Emergency Motion for a Stay.
Second, AMP asserts that, at the October 21, 1998 hearing, the
district court refused to allow AlliedSignal to put on evidence regarding
its compliance with the October 8, 1998, Order because AlliedSignal argued
that the court did not have jurisdiction to consider compliance. That is
not true. The arguments that AMP quotes at pages 10-11 of its brief were
expressly made in the context of arguing AMP's motion for reconsideration,
improperly filed under Rule 59(e), not on the issue of compliance. AMP
neglects to mention that counsel for AlliedSignal explained quite clearly
that while counsel had expressed concerns about the court's jurisdiction
over the Rule 59(e) motion, those concerns specifically did not apply to
the court's ability to consider compliance. (Tab 6 at 21, 26.) Indeed,
AlliedSignal's counsel pleaded with the district court to proceed with the
compliance hearing since AlliedSignal's witnesses were present. (Tab 6 at
27-28.)
Thus, it is a flat-out misrepresentation to claim, as AMP does
(at page 12), that AlliedSignal's counsel reversed position on the
"jurisdictional issue" or that the court scheduled the November 4, 1998
compliance hearing only after such a reversal. AlliedSignal's position was
consistent throughout the hearing and, contrary to AMP's representations,
the court refused to hear testimony on AlliedSignal's compliance even after
being assured by counsel for AlliedSignal that it had jurisdiction to do
so. (Tab 6 at 21, 26-28.)
Third, AMP asserts that AlliedSignal has argued that the October
8, 1998 injunction was not specific in its terms while at the same time
referring to the injunction Order as specific and clear. To the contrary,
AlliedSignal has always maintained that even though the injunction was
improperly ordered, its language was clear and AlliedSignal was in complete
compliance. In the Emergency Motion for a Stay, AlliedSignal explained that
it is the district court's expansion of the terms of the injunction -- not
the original injunction order itself -- that violates Rule 65(d)'s mandate
that an injunction order be "specific in its terms." (Emergency Motion at
12-13.) By changing its mind at least three times regarding the
requirements of the injunction order, whether any proceedings were
necessary to determine compliance with the order and the timing of those
proceedings, the district court has deprived AlliedSignal of the certainty
and finality that Rule 65(d) is designed to insure. (Emergency Motion at
12.)
AMP cannot escape from the fact that the district court, and not
AlliedSignal, has placed AlliedSignal in procedural limbo. The true extent
of this dilemma did not become clear until the October 21, 1998 hearing.
Prior to October 21, the court initially led AlliedSignal to believe that
it could proceed with the consent solicitation and then, even though the
court changed its mind, it scheduled a prompt hearing on compliance. That
is why AlliedSignal did not seek a stay pending appeal at an earlier point
in time. During the October 21 hearing, however, the court sought to
persuade AlliedSignal not to proceed with its appeal, declined to hear any
evidence on compliance and delayed any compliance hearing for two
additional weeks.
These extraordinary procedural events, and the associated delay,
continue to cause AlliedSignal ongoing and very serious harm. Indeed,
simple delay is "the most potent weapon" used by officers of a target
company in a tender-offer fight and can "seriously impede" or prevent an
offer from succeeding. Edgar v. MITE Corp., 457 U.S. 624, 637 n.12 (1982)
(plurality opinion) (internal quotation marks and citation omitted). The
conditional stay sought by AlliedSignal, however, would help minimize this
harm without any corresponding harm to AMP. Contrary to AMP's arguments,
AlliedSignal is not looking for a "public relations" victory. It simply
wants to participate in the public debate over the appropriate course for
AMP shareholders to follow; a debate AMP desperately wants to avoid.
AlliedSignal respectfully requests that this Court grant the
conditional stay sought in AlliedSignal's Emergency Motion for a Stay.
Respectfully submitted
/s/ Mary A. McLaughlin
------------------------
Mary A. McLaughlin
George G. Gordon
DECHERT PRICE & RHOADS
4000 Bell Atlantic Tower
1717 Arch Street
Philadelphia, PA 19103
(215) 994-4000
Alexander R. Sussman
Barry G. Sher
FRIED, FRANK, HARRIS, SHRIVER &
JACOBSON
One New York Plaza
New York, New York 10004
(212) 859-8000
Arlin M. Adams
SCHNADER HARRISON
SEGAL & LEWIS
1600 Market Street, Ste. 3600
Philadelphia, PA 19103
(215) 751-2000
Attorneys for AlliedSignal
and PMA
Dated: October 27, 1998
