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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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Amendment No. 10 (Final Amendment)
to
SCHEDULE 14D-1
Tender Offer Statement
Pursuant to Section 14(d)(1) of the Securities Exchange Act of 1934
and
SCHEDULE 13D
Under the Securities Exchange Act of 1934
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NALCO CHEMICAL COMPANY
(Name of Subject Company)
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SUEZ LYONNAISE DES EAUX
LYONNAISE AMERICAN HOLDING, INC.
LEO HOLDING COMPANY
H2O ACQUISITION CO.
(Bidders)
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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)
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Common Stock: 629853102 Series B ESOP Convertible Preferred Stock: None
(CUSIP Number of Class of Securities)
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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)
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Copy to:
Kevin Keogh
White & Case LLP
1155 Avenue of the Americas
New York, New York 10036
(212) 819-8200
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<PAGE>
SCHEDULE 13D
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CUSIP No. 629853102
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- -------- -----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
H2O Acquisition Co. I.R.S. Identification No. 98-0211637
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
[ ](a)
[X](b)
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
- -------- -----------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- ----------------------------------- ------- ------------------------------------
NUMBER OF SHARES BENEFICIALLY 7 SOLE VOTING POWER
OWNED BY EACH REPORTING PERSON Common Stock: 66,195,851.711*
WITH ESOP Preferred Stock: 346,606.379
------- ------------------------------------
8 SHARED VOTING POWER
0
------- ------------------------------------
9 SOLE DISPOSITIVE POWER
Common Stock: 66,195,851.711*
ESOP Preferred Stock: 346,606.379
------- ------------------------------------
10 SHARED DISPOSITIVE POWER
0
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Common Stock: 66,195,851.711*
ESOP Preferred Stock: 346,606.379
- -------- -----------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Common Stock: 96.8%*
ESOP Preferred Stock: 100%
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14 TYPE OF REPORTING PERSON
CO
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- ------------------------
* Includes 907,700 shares of Common Stock tendered pursuant to notices
of guaranteed delivery.
<PAGE>
SCHEDULE 13D
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CUSIP No. 629853102
- ---------------------------------
- -------- -----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Suez Lyonnaise des Eaux I.R.S. Identification No. N/A
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
[ ](a)
[X](b)
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
WC; OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Republic of France
- ----------------------------------- ------- ------------------------------------
NUMBER OF SHARES BENEFICIALLY 7 SOLE VOTING POWER
OWNED BY EACH REPORTING PERSON 0*
WITH
------- ------------------------------------
8 SHARED VOTING POWER
0
------- ------------------------------------
9 SOLE DISPOSITIVE POWER
0*
------- ------------------------------------
10 SHARED DISPOSITIVE POWER
0
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0*
- -------- -----------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0*
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14 TYPE OF REPORTING PERSON
CO
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- ------------------------
* Suez Lyonnaise des Eaux may be deemed to be the beneficial owner of the
Shares reported herein by H2O Acquisition Co. through its indirect
ownership of H2O Acquisition Co. Such Shares of Nalco Chemical Company are
not included above so as to avoid double counting. Suez Lyonnaise des Eaux
disclaims membership in such group and this report shall not be deemed an
admission that it is a member of such group.
<PAGE>
SCHEDULE 13D
- ---------------------------------
CUSIP No. 629853102
- ---------------------------------
- -------- -----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Lyonnaise American Holding, Inc. I.R.S. Identification No. 363140269
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
[ ](a)
[X](b)
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
- -------- -----------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- ----------------------------------- ------- ------------------------------------
NUMBER OF SHARES BENEFICIALLY 7 SOLE VOTING POWER
OWNED BY EACH REPORTING PERSON 0*
WITH
------- ------------------------------------
8 SHARED VOTING POWER
0
------- ------------------------------------
9 SOLE DISPOSITIVE POWER
0*
------- ------------------------------------
10 SHARED DISPOSITIVE POWER
0
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0*
- -------- -----------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0*
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
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- ------------------------
* Lyonnaise American Holding, Inc. may be deemed to be the beneficial owner
of the Shares reported herein by H2O Acquisition Co. through its indirect
ownership of H2O Acquisition Co. Such Shares of Nalco Chemical Company are
not included above so as to avoid double counting. Lyonnaise American
Holding, Inc. disclaims membership in such group and this report shall not
be deemed an admission that it is a member of such group.
<PAGE>
SCHEDULE 13D
- ---------------------------------
CUSIP No. 629853102
- ---------------------------------
- -------- -----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Leo Holding Company I.R.S. Identification No. 98-0211636
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
[ ](a)
[X](b)
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
- -------- -----------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- ----------------------------------- ------- ------------------------------------
NUMBER OF SHARES BENEFICIALLY 7 SOLE VOTING POWER
OWNED BY EACH REPORTING PERSON 0*
WITH
------- ------------------------------------
8 SHARED VOTING POWER
0
------- ------------------------------------
9 SOLE DISPOSITIVE POWER
0*
------- ------------------------------------
10 SHARED DISPOSITIVE POWER
0
- -------- -----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0*
- -------- -----------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0*
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- -------- -----------------------------------------------------------------------
- ------------------------
* Leo Holding Company may be deemed to be the beneficial owner of the Shares
reported herein by H2O Acquisition Co. through its direct ownership of H2O
Acquisition Co. Such Shares of Nalco Chemical Company are not included
above so as to avoid double counting. Leo Holding Company disclaims
membership in such group and this report shall not be deemed an admission
that it is a member of such group.
<PAGE>
This Amendment No. 10 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 an indirect 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, par
value $1.00 per share (the "ESOP Preferred Stock"), 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. Capitalized terms used
herein and not otherwise defined have the meanings ascribed thereto in the Offer
to Purchase.
This Amendment No. 10, constituting the final amendment to the
Schedule 14D-1, also constitutes the statement on Schedule 13D of Purchaser,
Parent, Lyonnaise American Holding, Inc. and Leo Holding Company. The item
numbers, responses thereto and captions set forth below are presented in
accordance with the requirements of Schedule 14D-1.
Item 6. Interest in Securities of the Subject Company
Items 6(a) and 6(b) of the Schedule 14D-1 are hereby amended and
supplemented as follows:
The Offer expired at 12:00 midnight, New York City time, November 8,
1999. Based on preliminary information provided by the Depositary,
66,195,851.711 shares of Common Stock (including 907,700 shares of Common Stock
tendered pursuant to notices of guaranteed delivery) and 346,606.379 shares of
ESOP Preferred Stock (or approximately 97.1 percent of the total outstanding
share capital of the Company on a fully diluted basis) were validly tendered and
accepted for payment.
Reference is made to the press release issued by Parent on November 9,
1999, the full text of which is set forth in Exhibit (a)(17) and is incorporated
herein by reference.
Item 10. Additional Information.
Item 10(f) of the Schedule 14D-1 is hereby amended and supplemented as
follows:
On November 9, 1999, Parent issued a press release announcing, among
other things, the expiration of the offer period and the acceptance of the
validly tendered shares. The full text of the press release is set forth in
Exhibit (a)(17) 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
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Exhibit (a)(17) Press release issued on November 9, 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: November 9, 1999 Suez Lyonnaise des Eaux
By: /s/ FRANCOIS JACLOT
----------------------------------
Name: Francois Jaclot
Title: Member of the Executive Board
Dated: November 9, 1999 Lyonnaise American Holding, Inc.
By: /s/ JOSEPH V. BOYLE
----------------------------------
Name: Joseph V. Boyle
Title: Vice President
Dated: November 9, 1999 Leo Holding Company
By: /s/ PATRICK BUFFET
----------------------------------
Name: Patrick Buffet
Title: Director
Dated: November 9, 1999 H2O Acquisition Co.
By: /s/ PHILIPPE BRONGNIART
----------------------------------
Name: Philippe Brongniart
Title: Director
SUEZ LYONNAISE DES EAUX NEWS
Tuesday, November 9, 1999
Suez Lyonnaise des Eaux Completes Tender Offer for Nalco
Paris, France and Naperville, Illinois - Suez Lyonnaise des Eaux
(Paris Bourse: LY), a world leader in private infrastructure services, today
announced that it has successfully completed its tender offer for shares of
Nalco Chemical Company (NYSE: NLC), a leading provider of water treatment
services and products. The tender offer expired at 12:00 midnight, New York City
time, on Monday, November 8, 1999.
Based on preliminary information, 66,195,851.711 shares of Common Stock
of Nalco (including 907,700 shares tendered pursuant to notices of guaranteed
delivery) and 346,606.379 shares of Series B ESOP Convertible Preferred Stock of
Nalco were validly tendered under the terms of the offer. All shares validly
tendered were accepted for payment at a price of $53.00 per share of Common
Stock and $1060.00 per share of Series B ESOP Convertible Preferred Stock. Upon
payment for the tendered shares, Suez Lyonnaise will own approximately 97.1
percent of the outstanding share capital of Nalco on a fully diluted basis.
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 85
million people and providing wastewater services to 57 million people. The three
global core business sectors of Suez Lyonnaise are: energy, water, and waste
services.
Based in Naperville, Illinois, outside of Chicago, Nalco 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 Graham Jackson Paul Cholette
Morrow & Co. for Nalco Chemical Nalco Chemical
Suez Lyonnaise (630) 305-1365 (630) 305-1147
(212) 754-8000
