UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No.1)*
Burns International Services Corporation
(formerly Borg-Warner Security Corporation)
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock (par value $.01 per share)
- --------------------------------------------------------------------------------
(Title of Class of Securities)
099733107
- --------------------------------------------------------------------------------
(CUSIP Number)
December 31, 2000
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
*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).
<PAGE>
SCHEDULE 13G/A
CUSIP NO.
099733107
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Merrill Lynch & Co.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) (b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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(5) Sole Voting Power None
Number of Shares -------------------------------------------------------
Beneficially (6) Shared Voting Power 1,973,912
Owned by Each -------------------------------------------------------
Reporting Person (7) Sole Dispositive Power None
With -------------------------------------------------------
(8) Shared Dispositive Power 1,973,912
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,973,912
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions)
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.03%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
HC, CO
<PAGE>
SCHEDULE 13G/A
CUSIP NO.
099733107
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Merrill Lynch Group, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) (b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
(5) Sole Voting Power None
Number of Shares -------------------------------------------------------
Beneficially (6) Shared Voting Power 1,973,912
Owned by Each -------------------------------------------------------
Reporting Person (7) Sole Dispositive Power None
With -------------------------------------------------------
(8) Shared Dispositive Power 1,973,912
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,973,912
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions)
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.03%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
HC, CO
<PAGE>
SCHEDULE 13G/A
CUSIP NO.
099733107
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Merrill Lynch Capital Partners, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) (b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
(5) Sole Voting Power None
Number of Shares -------------------------------------------------------
Beneficially (6) Shared Voting Power Less than 5%
Owned by Each -------------------------------------------------------
Reporting Person (7) Sole Dispositive Power None
With -------------------------------------------------------
(8) Shared Dispositive Power Less than 5%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Less than 5%
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions)
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
CO
<PAGE>
SCHEDULE 13G/A
CUSIP NO.
099733107
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Merrill Lynch LBO Partners No. II, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) (b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
(5) Sole Voting Power None
Number of Shares -------------------------------------------------------
Beneficially (6) Shared Voting Power Less than 5%
Owned by Each -------------------------------------------------------
Reporting Person (7) Sole Dispositive Power None
With -------------------------------------------------------
(8) Shared Dispositive Power Less than 5%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Less than 5%
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions)
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
PN
<PAGE>
SCHEDULE 13G/A
CUSIP NO.
099733107
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Merrill Lynch Capital Appreciation Partnership No. VIII, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) (b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
(5) Sole Voting Power None
Number of Shares -------------------------------------------------------
Beneficially (6) Shared Voting Power Less than 5%
Owned by Each -------------------------------------------------------
Reporting Person (7) Sole Dispositive Power None
With -------------------------------------------------------
(8) Shared Dispositive Power Less than 5%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Less than 5%
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions)
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
PN
<PAGE>
SCHEDULE 13G/A
CUSIP NO.
099733107
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ML IBK Positions, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) (b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
(5) Sole Voting Power None
Number of Shares -------------------------------------------------------
Beneficially (6) Shared Voting Power Less than 5%
Owned by Each -------------------------------------------------------
Reporting Person (7) Sole Dispositive Power None
With -------------------------------------------------------
(8) Shared Dispositive Power Less than 5%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Less than 5%
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions)
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
CO
<PAGE>
SCHEDULE 13G/A
CUSIP NO.
099733107
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ML Employees LBO Partnership, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) (b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
(5) Sole Voting Power None
Number of Shares -------------------------------------------------------
Beneficially (6) Shared Voting Power Less than 5%
Owned by Each -------------------------------------------------------
Reporting Person (7) Sole Dispositive Power None
With -------------------------------------------------------
(8) Shared Dispositive Power Less than 5%
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Less than 5%
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions)
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
PN
<PAGE>
Schedule 13G/A
Item 1(a) Name of Issuer:
Burns International Services Corporation (formerly, Borg-Warner
Security Corporation)
Item 1(b) Address of Issuer's Principal Executive Offices:
200 South Michigan Avenue, Chicago, IL 60604.
Item 2(a) Name of Person Filing:
Merrill Lynch & Co., Inc.
Merrill Lynch Group, Inc.
Merrill Lynch Capital Partners, Inc.
Merrill Lynch LBO Partners No. II, L.P.
Merrill Lynch Capital Appreciation Partnership No. VIII, L.P.
ML IBK Positions, Inc.
ML Employees LBO Partnership, No. 1, L.P.
Item 2(b) Address of Principal Business Office:
Merrill Lynch & Co., Inc.
Merrill Lynch Group, Inc.
ML IBK Positions, Inc.
ML Employees LBO Partnership, No. 1, L.P.
250 Vesey Street
World Financial Center, North Tower
New York, NY 10281
Merrill Lynch Capital Partners, Inc.
Merrill Lynch LBO Partners No. II, L.P.
Merrill Lynch Capital Appreciation Partnership No. VIII, L.P.
767 Fifth Avenue
New York, NY 10153
Item 2(c) Citizenship:
Delaware.
Item 2(d) Title of Class of Securities:
Common Stock (par value $.01 per share).
<PAGE>
Item 2(e) CUSIP Number:
099733107.
Item 3 Not applicable.
Item 4 Ownership:
(a) Amount Beneficially Owned:
See Item 9 of Cover Pages. Pursuant to Section 240.13d-4,
Merrill Lynch & Co., Inc., Merrill Lynch Group, Inc., Merrill
Lynch Capital Partners, Inc. and Merrill Lynch LBO Partners
No. II, L.P. (the "Reporting Persons") disclaim beneficial
ownership of the securities of Burns International Service
Corporation referred to herein, and the filing of this
Schedule 13G/A shall not be construed as an admission that the
Reporting Companies are, for the purposes of Section 13(d) or
13(g) of the Securities Exchange Act of 1934 (the "Act"), the
beneficial owner of any securities of Burns International
Services Corporation covered by this statement.
(b) Percent of Class:
See Item 11 of Cover Pages
(c) Number of Shares as to which such person has:
(i) sole power to vote or direct the vote:
See Item 5 of Cover Pages.
(ii) shared power to vote or to direct the vote:
See Item 6 of Cover Pages.
(iii) sole power to dispose or to direct the disposition of:
See Item 7 of Cover Pages.
(iv) shared power to dispose or to direct disposition of:
See Item 8 of Cover Pages.
<PAGE>
Item 5 Ownership of Five Percent or Less of a Class:
By virtue of distributions to the limited Partners of Merrill
Lynch Capital Appreciation Partnership No. VIII, L.P. and Merrill
Lynch LBO Partners No. II, L.P., a charitable contribution by
ML IBK Positions, Inc. and a private purchase by Burns
International Services Corporation of a portion of the Common
Stock held by Merrill Lynch Capital Appreciation Partnership No.
VIII, L.P. and ML IBK Positions, Inc., Merrill Lynch Capital
Appreciation Partnership No. VIII, L.P., Merrill Lynch LBO
Partners No. II, L.P., Merrill Lynch Capital Partners, Inc. and
ML IBK Positions, Inc. each own fewer than 5% of the Common
Stock (par value per share) of Burns International Services
Corporation.
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
Certain wholly owned subsidiaries of Merrill Lynch & Co., Inc. and
Merrill Lynch Group, Inc. act as general partner of various
limited partnerships that have the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the
sale of the class of securities reported herein. No such limited
partnership's interest relates to more than 5% of the class of
securities reported herein.
Item 7 Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company or
Control Person:
Two of the persons filing this paper, Merrill Lynch & Co., Inc., a
Delaware corporation with its principal place of business at World
Financial Center, North Tower, 250 Vesey Street, New York, New
York ("ML&Co."), and Merrill Lynch Group, Inc., a Delaware
corporation with its principal place of business at World
Financial Center, North Tower, 250 Vesey Street, New York, New
York ("ML Group"), are parent holding companies pursuant to Rule
13d-1(b)(1)(ii)(G). Pursuant to the instructions in Item 7 of
Schedule 13G, the relevant subsidiaries of ML&Co. are ML Group,
Merrill Lynch Capital Partners, Inc. ("MLCP"), Merrill Lynch
Venture Capital Inc. ("MLVC"), KELCALP Inc. ("KECALP"), Merrill
Lynch MBP Inc. ("MLMBP") and ML IBK Positions, Inc. ("MLIBK"). The
relevant subsidiaries of ML Group are MLCP, MLVC, KECALP, MLMBP
and MLIBK.
Item 8 Identification and Classification of Members of the Group:
Not Applicable.
Item 9 Notice of Dissolution of Group:
Not Applicable.
Item 10 Certification:
(a) Not Applicable.
<PAGE>
(b) Not Applicable.
<PAGE>
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.
MERRILL LYNCH & CO., INC.
MERRILL LYNCH GROUP, INC.
ML IBK POSITIONS, INC.
Dated: February 14, 2000 By: /s/ Frank J. Marinaro
---------------------------------------
Name: Frank J. Marinaro
Title: Attorney-in-Fact
MERRILL LYNCH CAPITAL
PARTNERS, INC.
Dated: February 14, 2000 By: /s/ Frank J. Marinaro
---------------------------------------
Name: Frank J. Marinaro
Title: Vice President & Secretary
MERRILL LYNCH LBO PARTNERS NO. II, L.P.
By: Merrill Lynch Capital Partners, Inc.,
its general partner
Dated: February 14, 2000 By: /s/ Frank J. Marinaro
---------------------------------------
Name: Frank J. Marinaro
Title: Vice President & Secretary
MERRILL LYNCH CAPITAL
APPRECIATION PARTNERSHIP NO. VIII, L.P.
By: Merrill Lynch LBO Partners No. II,
L.P., its general partner
By: Merrill Lynch Capital Partners, Inc.,
its general partner
Dated: February 14, 2000 By: /s/ Frank J. Marinaro
---------------------------------------
Name: Frank J. Marinaro
Title: Vice President & Secretary
ML EMPLOYEES LBO PARTNERSHIP, NO. 1, L.P.
By: ML Employees LBO Managers, Inc.,
its general partner
Dated: February 14, 2000 By: /s/ Frank J. Marinaro
---------------------------------------
Name: Frank J. Marinaro
Title: Secretary
<PAGE>
POWER OF ATTORNEY
To Prepare and Execute Documents Pursuant to Sections 13 and 16
of the Securities Exchange Act of 1934, as Amended,
and Rules Thereunder, by and on Behalf of
MERRILL LYNCH & CO., INC.
Know all by these presents, that the undersigned hereby constitutes and
appoints Frank J. Marinaro its true and lawfully attorney-in-fact to:
(1) to prepare and execute, for and on behalf of the undersigned, any
and all forms, schedules, reports and other documents relating to Merrill Lynch
& Co., Inc.'s direct or indirect ownership of securities that are required to be
filed with the United States Securities and Exchange Commission pursuant to
Section 13 and 16 of the Securities Exchange Act of 1934, as amended, and the
rules thereunder (collectively, the "Exchange Act");
(2) do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to comply with the requirements
of Sections 13 and 16 of the Exchange Act including, but not limited to,
executing documents required by said sections of the Exchange Act and effecting
the timely filing thereof with the United States Securities and Exchange
Commission and any other authority; and
(3) take any other action of any type whatsoever in connection with the
foregoing which, in the opinion of such attorney-in-fact, may be of benefit to,
in the best interest of, or legally required by, the undersigned, it being
understood that the documents executed by such attorney-in-fact on behalf of the
undersigned pursuant to this Power of Attorney shall be in such form and shall
contain such terms and conditions as such attorney-in-fact may approve in his
discretion.
The undersigned hereby grants to such attorney-in-fact full power and
authority to do and perform all and every act and thing whatsoever requisite,
necessary and proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as such attorney-in-fact
might or could do if personally present, hereby ratifying and confirming all
that such attorney-in-fact shall lawfully do or cause to be done by virtue of
this power of attorney and the rights and powers herein granted. The undersigned
acknowledges that the foregoing attorney-in-fact, in serving in such capacity at
the request of the undersigned, is not assuming any of the undersigned's
responsibilities to comply with Sections 13 or 16 of the Exchange Act.
<PAGE>
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney
to be executed as of this 16th day of September 1998.
Merrill Lynch & Co., Inc.
By /s/ Barry S. Friedberg
----------------------------------
Barry S. Friedberg
Executive Vice President
<PAGE>
POWER OF ATTORNEY
To Prepare and Execute Documents Pursuant to Sections 13 and 16
of the Securities Exchange Act of 1934, as Amended,
and Rules Thereunder, by and on Behalf of
MERRILL LYNCH GROUP, INC.
Know all by these presents, that the undersigned hereby constitutes and
appoints Frank J. Marinaro its true and lawful attorney-in-fact to:
(1) to prepare and execute, for and on behalf of the undersigned, any
and all forms, schedules, reports and other documents relating to Merrill Lynch
Group, Inc.'s direct or indirect ownership of securities that are required to be
filed with the United States Securities and Exchange Commission pursuant to
Section 13 and 16 of the Securities Exchange Act of 1934, as amended, and the
rules thereunder (collectively, the "Exchange Act");
(2) do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to comply with the requirements
of Sections 13 and 16 of the Exchange Act including, but not limited to,
executing documents required by said sections of the Exchange Act and effecting
the timely filing thereof with the United States Securities and Exchange
Commission and any other authority; and
(3) take any other action of any type whatsoever in connection with the
foregoing which, in the opinion of such attorney-in-fact, may be of benefit to,
in the best interest of, or legally required by, the undersigned, it being
understood that the documents executed by such attorney-in-fact on behalf of the
undersigned pursuant to this Power of Attorney shall be in such form and shall
contain such terms and conditions as such attorney-in-fact may approve in his
discretion.
The undersigned hereby grants to such attorney-in-fact full power and
authority to do and perform all and every act and thing whatsoever requisite,
necessary and proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as such attorney-in-fact
might or could do if personally present, hereby ratifying and confirming all
that such attorney-in-fact shall lawfully do or cause to be done by virtue of
this power of attorney and the rights and powers herein granted. The undersigned
acknowledges that the foregoing attorney-in-fact, in serving in such capacity at
the request of the undersigned, is not assuming any of the undersigned's
responsibilities to comply with Sections 13 or 16 of the Exchange Act.
<PAGE>
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney
to be executed as of this 17th day of September 1998.
Merrill Lynch Group, Inc.
By /s/ Mark B. Goldfus
----------------------------------
Mark B. Goldfus
Vice President
