NALCO CHEMICAL CO
SC 14D1/A, 1999-08-23
MISCELLANEOUS CHEMICAL PRODUCTS
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                 Amendment No. 5
                                       to
                                 SCHEDULE 14D-1
                             Tender Offer Statement
       Pursuant to Section 14(d)(1) of the Securities Exchange Act of 1934

                             NALCO CHEMICAL COMPANY
                            (Name of Subject Company)

                             SUEZ LYONNAISE DES EAUX
                               H2O ACQUISITION CO.
                                    (Bidders)

                    Common Stock, par value $0.1875 per share
           (Including the Associated Preferred Stock Purchase Rights)
                                       and
      Series B ESOP Convertible Preferred Stock, par value $1.00 per share
                         (Title of Class of Securities)

Common Stock: 629853102          Series B ESOP Convertible Preferred Stock: None

                      (CUSIP Number of Class of Securities)

                                 Patrice Herbet
                             Suez Lyonnaise des Eaux
                                 1, rue d'Astorg
                                   75008 Paris
                                     France
                              011-33-1-40-06-64-00
            (Name, Address and Telephone Number of Person Authorized
           to Receive Notices and Communications on Behalf of Bidders)

                                    Copy to:
                                   Kevin Keogh
                                White & Case LLP
                           1155 Avenue of the Americas
                            New York, New York 10036
                                 (212) 819-8200
<PAGE>

     This Amendment No. 5 amends and  supplements  the Tender Offer Statement on
Schedule 14D-1 filed on July 1, 1999 (as amended and supplemented, the "Schedule
14D-1")   relating  to  the  offer  (the   "Offer")  by  H2O   Acquisition   Co.
("Purchaser"),  a Delaware  corporation  and a wholly owned  subsidiary  of Suez
Lyonnaise des Eaux, a societe  anonyme  organized and existing under the laws of
the Republic of France ("Parent"), to purchase all of the issued and outstanding
shares of common stock,  par value $0.1875 per share,  including the  associated
preferred stock purchase rights (the "Common Stock"),  and all of the issued and
outstanding  shares of Series B ESOP  Convertible  Preferred  Stock  (the  "ESOP
Preferred  Stock"),  par value $1.00 per share,  of Nalco  Chemical  Company,  a
Delaware  corporation (the "Company"),  at a price of $53.00 per share of Common
Stock and  $1,060.00  per share of ESOP  Preferred  Stock,  net to the seller in
cash, without interest thereon, upon the terms and subject to the conditions set
forth in the Offer to  Purchase  dated  July 1, 1999 and the  related  Letter of
Transmittal,  as they may be amended  from time to time.  The item  numbers  and
responses  thereto below are in  accordance  with the  requirements  of Schedule
14D-1. Capitalized terms used herein and not otherwise defined have the meanings
ascribed thereto in the Offer to Purchase.

Item 10.  Additional Information.

     Items 10(b) and (c) of the Schedule 14D are hereby amended and supplemented
as follows:

     On August 23, 1999, Parent issued a press release  announcing,  among other
things,  the receipt of approval  from the European  Commission  to complete its
acquisition  of the Company.  The full text of the press release is set forth in
Exhibit (a)(12) and is incorporated herein by reference.

Item 11.  Material to be Filed as Exhibits.

     Item 11 of the Schedule 14D-1 is hereby amended and supplemented to add the
following:

Exhibit Number                           Description
Exhibit (a)(12)                          Press release issued on August 23, 1999
<PAGE>

                                    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:  August 23, 1999               Suez Lyonnaise des Eaux

                                      By:    /s/ Gerard Mestrallet
                                         ---------------------------------------
                                         Name:   Gerard Mestrallet
                                         Title:  Chairman of the Executive Board
                                                 and Chief Executive Officer

Dated:  August 23, 1999               H2O Acquisition Co.
                                      By:    /s/ Patrick Buffet
                                         ---------------------------------------
                                         Name:   Patrick Buffet
                                         Title:  Director


                          SUEZ LYONNAISE DES EAUX NEWS


Monday, August 23, 1999

European Commission Approves Suez Lyonnaise des Eaux Acquisition of Nalco

     Paris,  France and  Naperville,  Illinois - Suez  Lyonnaise des Eaux (Paris
Bourse: LY), a world leader in private infrastructure  services, today announced
that it received approval on Friday,  August 20 from the European  Commission to
complete  its  acquisition  of Nalco  Chemical  Company  (NYSE:  NLC), a leading
provider of water treatment services and products. Suez Lyonnaise also said that
discussions are continuing with the U.S.  Federal Trade Commission and that both
Suez  Lyonnaise and Nalco  Chemical are supplying  information  requested by the
regulators.

     With annual revenues of $32.5 billion,  Suez Lyonnaise is a world leader in
private infrastructure  services, with operations in more than 120 countries. It
is a market leader in the water sector,  supplying  drinking water to 77 million
people  and  providing  wastewater  services  to 52  million  people.  The three
international  core business sectors of Suez Lyonnaise are:  energy,  water, and
waste services.

     Based in Naperville,  Illinois,  outside of Chicago, Nalco Chemical employs
7,000  people of which about 3,600 are  engineers  and  technicians  with direct
customer contact and 300 are researchers located in five R&D centers.

Contact:  John Ferguson
          Morrow & Co. for
          Suez Lyonnaise
          (212) 754-8000

          Graham Jackson
          Nalco Chemical
          (630) 305-1365

          Paul Cholette
          Nalco Chemical
          (630) 305-1147


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