MENTOR GRAPHICS CORP
SC 14D1/A, 1998-09-17
COMPUTER INTEGRATED SYSTEMS DESIGN
Previous: VARIABLE INSURANCE PRODUCTS FUND, 497, 1998-09-17
Next: PUTNAM OTC EMERGING GROWTH FUND, N-30D, 1998-09-17



<PAGE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
 
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
 
                            ------------------------
 
                                AMENDMENT NO. 8
                               TO SCHEDULE 14D-1
 
                             TENDER OFFER STATEMENT
     (PURSUANT TO SECTION 14(D)(1) OF THE SECURITIES EXCHANGE ACT OF 1934)
 
                         QUICKTURN DESIGN SYSTEMS, INC.
 
                           (Name of Subject Company)
 
                          MENTOR GRAPHICS CORPORATION
                                   MGZ CORP.
 
                                   (Bidders)
 
                    COMMON STOCK, PAR VALUE $.001 PER SHARE
 
                       (including the Associated Rights)
 
                         (Title of Class of Securities)
 
                                   74838E102
 
                     (CUSIP Number of Class of Securities)
 
                            ------------------------
 
                                WALDEN C. RHINES
                     PRESIDENT AND CHIEF EXECUTIVE OFFICER
                          MENTOR GRAPHICS CORPORATION
                            8005 S.W. BOECKMAN ROAD
                         WILSONVILLE, OREGON 97070-7777
                                 (503) 685-1200
 
           (Name, Address and Telephone Number of Persons Authorized
          to Receive Notices and Communications on Behalf of Bidders)
 
                                    COPY TO:
 
         JOHN J. HUBER, ESQ.                   CHRISTOPHER L. KAUFMAN, ESQ.
           LATHAM & WATKINS                          LATHAM & WATKINS
    1001 PENNSYLVANIA AVENUE, N.W.                    75 WILLOW ROAD
         WASHINGTON, DC 20004                  MENLO PARK, CALIFORNIA 94025
            (202) 637-2200                            (650) 328-4600
 
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
<PAGE>
    MGZ Corp., a Delaware corporation ("Purchaser"), and Mentor Graphics
Corporation, an Oregon corporation ("Parent"), hereby amend and supplement their
Tender Offer Statement on Schedule 14D-1 filed on August 12, 1998 (the
"Statement"), as amended, with respect to the offer by Purchaser to purchase all
outstanding shares of Common Stock, par value $.001 per share, of Quickturn
Design Systems, Inc., a Delaware corporation, for a purchase price of $12.125
per share, net to the seller in cash, without interest thereon, as set forth in
this Amendment No. 8. Capitalized terms used herein and not defined have the
meanings ascribed to them in the Statement.
 
ITEM 3. PAST CONTACTS, TRANSACTIONS OR NEGOTIATIONS WITH THE SUBJECT COMPANY.
 
    On September 14, 1998, the Company filed Amended and Supplemental
Counterclaims (the "Amended Counterclaims") in a federal securities action
pending before the United States District Court for the District of Delaware
(the "District Court") requesting a temporary restraining order and challenging
Parent's press release of September 11, 1998 regarding Parent's call of the
Special Meeting of the Company stockholders to, among other things, replace the
Company Board. The Company alleged that Parent's press release was false and
misleading and that it failed to state the factors affecting Parent's ability to
proceed with the Special Meeting on October 29, 1998 rather than a later date.
The Company's Amended Counterclaims asserted that the Special Meeting "could be
held only at a time and date set by the directors of Quickturn, which under the
Bylaws would have to be between December 10, 1998 and December 20, 1998 (i.e.,
90 to 100 days after holders purportedly requested such a meeting)." In seeking
a temporary restraining order, the Company sought to require Parent to make
additional disclosure and to prohibit Parent from soliciting proxies for two
weeks after the requested disclosure.
 
    On September 16, 1998, the District Court denied the Company's request for a
temporary restraining order.
 
    Representatives of Parent and its financial and legal advisors have made and
intend to continue to make attempts to arrange a meeting with representatives of
the Company and its financial and legal advisors to discuss the acquisition of
the Company by Parent.
 
    While Parent has selected October 29, 1998 as the date of the Special
Meeting based on its understanding of the Company's Bylaws prior to August 21,
1998, the date of the Special Meeting will be resolved based on the rulings of
the federal and state courts. Proceedings regarding and disclosure concerning
Parent's claim as to the invalidity of the Company Board's amendment to Section
2.3 of the Company's Bylaws purportedly adopted on August 21, 1998, the hearings
for which are scheduled to be held before the Delaware state and federal courts
in October 1998, could result in a delay of the Special Meeting until after the
dates specified by Parent and the Company.
 
                                       2
<PAGE>
                                   SIGNATURES
 
    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.
 
<TABLE>
<S>                             <C>  <C>
Dated: September 17, 1998       MENTOR GRAPHICS CORPORATION
 
                                By:  /s/ Gregory K. Hinckley
 
                                Name: Gregory K. Hinckley
 
                                Title: Executive Vice President, Chief Operating
                                     Officer and Chief Financial Officer
 
                                MGZ CORP.
 
                                By:  /s/ Gregory K. Hinckley
 
                                Name: Gregory K. Hinckley
 
                                Title: Secretary and Chief Financial Officer
</TABLE>
 
                                       3


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission