UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1 )*
---
The Bibb Company
- ----------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value
- ----------------------------------------------------------------------
(Title of Class Securities)
088667100
-----------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement / /. (A
--
fee is not required only if the filing person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class
of securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such
class.) (See Rule 13d-7.)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
<TABLE>
<CAPTION>
<S> <C> <C>
CUSIP NO. 465679108 13G PAGE 2 OF 5 PAGES
--------- --- ---
- ------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Merrill Lynch & Co., Inc.
IRS No. 13-2740599
- ------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /x/
- ------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
-----------------------------------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 2,404,485
-----------------------------------------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
-----------------------------------------------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 2,404,485
- ------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,404,485
- ------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /
- ------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
23.9%
- ------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
HC
- ------------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTION BEFORE FILLING OUT
Schedule 13G
------------
Item 1.
(a) Name of Issuer
The Bibb Company
(b) Address of Issuer's Principal Executive Offices
100 Galleria Parkway
17th Floor
Atlanta, Georgia 30339
Item 2.
(a) Name of Person Filing
Merrill Lynch & Co., Inc.
(b) Address of Principal Business Office or, if none, Residence
World Financial Center, North Tower
250 Vesey Street
New York, NY 10281
(c) Citizenship
Delaware
(d) Title of Class of Securities
Common Stock, $.01 par value (the "Common Stock")
(e) CUSIP Number
088667100
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) / /Broker or Dealer registered under Section 15 of the Act
(b) / /Bank as defined in section 3(a)(6) of the Act
(c) / /Insurance Company as defined in section 3(a)(19) of the Act
(d) / /Investment Company registered under section 8 of the Investment
Company Act
(e) / /Investment Adviser registered under section 203 of the
Investment Advisors Act of 1940
(f) / /Employee Benefit Plan, Pension Fund which is subject to the
provision of the Employee Retirement Income Security Act of 1974
or Endowment Fund; see Section240.13d-1(b)(1)(ii)(F)
(g) /x/Parent Holding Company, in accordance with Section240.13d-1(b)(1)
(ii)(G) (Note: See Item 7)
(h) / /Group, in accordance with Section240.13d-1(b)(1)(ii)(H)
Item 4. Ownership:
(a) Amount Beneficially Owned
2,404,485
(b) Percent of Class
23.9%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the
vote -0-
-------------------------------------------
(ii) shared power to vote or to direct the
vote 2,404,485
-------------------------------------------
(iii) sole power to dispose or to direct the
disposition of -0-
---------------------------------
(iv) shared power to dispose or to direct the
disposition of 2,404,485
---------------------------------
The filing of this schedule by Merrill Lynch & Co., Inc. ("ML&Co.")
shall not be construed as an admission that ML&Co. is, for purposes of
Sections 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), the beneficial owner of any securities covered by this
schedule. In addition, ML&Co. disclaims beneficial ownership of the Common
Stock of The Bibb Company beneficially owned by Merrill Lynch, Pierce, Fenner
& Smith Incorporated ("MLPF&S") and by the Merrill Lynch Phoenix Fund, Inc.
("ML Pheonix Fund"). MLPF&S disclaims beneficial ownership of any shares of
which ML&Co. of ML Phoenix Fund may be deemed to be beneficial owners. ML
Phoenix Fund disclaims beneficial ownership of any shares or which ML&Co. or
MLPF&S may be deemed to be beneficial owners.
Item 5. Ownership of Five Percent or Less of a Class
Not Applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not Applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company
MLPF&S, a wholly-owned subsidiary of ML&Co., is a broker-dealer
registered under Section 15 of the Exchange Act, and is the beneficial owner
of 2,073,779 shares of the Common Stock. ML Phoenix Fund is an investment
company registered under the Investment Company Act of 1940, the investment
advisor of which is a limited partnership of which the general partner is an
indirect, wholly owned subsidiary of ML & Co. and ML Phoenix Fund, is the
beneficial owner of 330,706 shares of the Common Stock. Each of MLPF&S and
ML Phoenix Fund has the power to receive, and to direct the receipt of,
dividends from, or the proceeds from the sale of, the Common Stock.
Item 8. Identification and Classification of Members of the Group
Not Applicable.
Item 9. Notice of Dissolution of Group
Not Applicable.
Item 10. Certification
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having such
purposes or effect.
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.
Date: July 31, 1997
Merrill Lynch & Co., Inc.
/s/ Richard B. Alsop
------------------------------
Richard B. Alsop*
Attorney-In-Fact
* Signed pursuant to a power of attorney, dated November 17, 1995,
included as Exhibit B to the Schedule 13G filed by Merrill Lynch & Co.,
Inc. for Walden Residential Properties, Inc. and incorporated herein by
reference.
