SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
Amendment No. 2 (Final Amendment) to
Schedule 13E-4
ISSUER TENDER OFFER STATEMENT
(Pursuant to Section 13(e)(1) of the Securities Exchange Act of 1934)
VICORP Restaurants, Inc.
(Name of the Issuer)
VICORP Restaurants, Inc.
(Name of Person Filing Statement)
Common Stock, $.05 par value
(Title of Class of Securities)
925817108
(CUSIP Number of Class of Securities)
STANLEY ERECKSON, JR., ESQ.
SENIOR VICE PRESIDENT AND GENERAL COUNSEL
VICORP RESTAURANTS, INC.
400 WEST 48TH AVENUE
DENVER, COLORADO 80216
(303) 296-2121
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications on Behalf of Person(s) Filing Statement)
COPIES TO:
REID A. GODBOLT, ESQ.
NATHAN D. SIMMONS, ESQ.
JONES & KELLER, P.C.
WORLD TRADE CENTER
1625 BROADWAY, 16TH FLOOR
DENVER, COLORADO 80202
(303) 573-1600
November 23, 1999
(Date Tender Offer First Published, Sent or Given to Security Holders)
CALCULATION OF FILING FEE:
Transaction valuation Amount of filing fee
$38,000,000 (1) $7,600 (2)
(1) For the purpose of calculating the filing fee only, this amount
is based on the purchase 2,000,000 shares of common stock at the
offer price of $19.00 per share.
(2) The amount of the filing fee equals 1/50th of 1% of the value of
the securities proposed to be acquired.
[ ] Check box if any part of the fee is offset as provided by Rule
0-11(a)(2) and identify the filing with which the offsetting fee was
previously paid. Identify the previous filing by registration
statement number, or the Form or Schedule and the date of its filing.
Amount Previously Paid: $7,600
Form or Registration No.: N/A
Filing Party: N/A
Date Filed: N/A
This Amendment No. 2 (Final Amendment) is filed pursuant to Rule
13e-4(c)(3) and amends the Issuer Tender Offer Statement on Schedule
13E-4 filed with the Securities and Exchange Commission on November
23, 1999 in connection with an offer by VICORP Restaurants, Inc., a
Colorado corporation (the "Company"), pursuant to an Offer to
Purchase, dated November 23, 1999 (the "Offer to Purchase"). The
Offer to Purchase and the related Letter of Transmittal together
constitute the "Offer."
ITEM 1. SECURITY AND ISSUER.
Item 1(b) is hereby amended by adding the following information.
Pursuant to the terms of the Offer, the Company purchased Shares from
its officers, directors and affiliates as set forth in the following
table.
Name Shares Purchased
John C. Hoyt 9,035
Dennis B. Robertson 2,710
Richard E. Sabourin 903
Hunter Yager 1,493
First Manhattan Co. 134,286
Carole Lewis Anderson 0
Bruce B. Brundage 0
Charles R. Frederickson 0
Robert E. Kaltenbach 0
Robert T. Marto 0
Dudley C. Mecum 0
Joseph F. Trungale 0
Arthur Zankel 0
ITEM 4. INTEREST IN SECURITIES OF THE ISSUER.
The following table sets forth certain details concerning the
issuance of Shares pursuant to the exercise of options under the
Company's various option plans from November 23, 1999 through the date
hereof. Each transaction was effected in accordance with the
respective Option Plan and the individual's option agreement.
Common Exercise Price Per
Name Date Shares Issued Common Share Option
Dudley C. Mecum 12/7/99 10,000 $15.75 1983 Non-Qualified
Stock Option Plan
ITEM 8. ADDITIONAL INFORMATION.
Item 8(e) is hereby amended by adding the following supplemental
information. The Offer expired at 5:00 p.m. Eastern Standard time on
December 22, 1999. Pursuant to the terms of the Offer, 4,423,701
Shares were validly tendered and not withdrawn. The final proration
factor applicable to the Shares was .4517497. This proration factor
was not applied to any of the tendered "odd-lot" Common Shares, all of
which were purchased by the Company. The Company accepted for payment
on a pro rata basis, and thereby purchased, 1,986,442 Shares, as well
as 13,558 odd-lot Shares, pursuant to the terms of the Offer for a
total purchase price of $38,000,000. On December 22, 1999 the Company
issued a press release announcing the expiration of the tender offer.
On December 29, 1999 the Company issued a press release announcing the
final results of the tender offer. Copies of the press releases are
attached hereto as Exhibit (a)(10) and Exhibit (a)(11) and are
incorporated herein by reference.
ITEM 9. MATERIAL TO BE FILED AS EXHIBITS.
(a)(10) Press Release of the Company, dated December 22, 1999.
(a)(11) Press Release of the Company, dated December 29, 1999.
SIGNATURE
After due inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this amended statement is
true, complete and correct.
VICORP Restaurants, Inc.
By:/s/ Charles R. Frederickson
Charles R. Frederickson, Chairman of
the Board and Chief Executive Officer
Date: January 5, 2000
PRESS RELEASE EXHIBIT (a)(10)
For Immediate Release
Denver, Colo., December 22, 1999-VICORP Restaurants, Inc.
(NASDAQ:VRES) today announced that its tender offer for up to
2,000,000 of its Common Shares for a purchase price of $19.00 per
share closed at 5:00 p.m. Eastern Standard time Wednesday, December
22, 1999.
Preliminary results indicate that the tender offer is over
subscribed with approximately 4,400,000 Common Shares having been
tendered. VICORP expects to announce the final proration factor as
promptly as practical.
Shareholders who have questions regarding the tender offer may
call D.F. King & Co., Inc., at (800) 488-8095.
VICORP Restaurants, Inc., operates family-style restaurants under
the names Village Inn and Bakers Square and franchises restaurants
under the Village Inn name.
_____________________________________________________________________
Statements included in this press release which are not historical in
nature are forward-looking statements made pursuant to the safe-harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements regarding VICORP's future business
prospects, plans, objectives, stock prices, expectations and
intentions are subject to certain risks, uncertainties and other
factors that could cause actual results to differ materially from
those projected or suggested in the forward-looking statements,
including, but not limited to those contained in the VICORP's Schedule
13E-4 filed on November 23, 1999.
PRESS RELEASE EXHIBIT (a)(11)
For Immediate Release
Denver, Colo., December 29, 1999 - VICORP Restaurants, Inc.
(NASDAQ:VRES) announced that it purchased 2,000,000 of its Common
Shares for a total purchase price of $38,000,000 pursuant to its self-
tender offer. The tender offer closed at 5:00 p.m. Eastern Standard
time on Wednesday, December 22, 1999. A total of 4,423,701 Common
Shares had been tendered and not withdrawn.
The final proration factor for the self-tender offer was
45.17497%. This proration factor was not applied to any of the
tendered "odd-lot" Common Shares, all of which were purchased by the
Company.
VICORP Restaurants, Inc., operates family-style restaurants under
the names Village Inn and Bakers Square and franchises restaurants
under the Village Inn name.
______________________________________________________________________
Statements included in this press release which are not historical in
nature are forward-looking statements made pursuant to the safe-harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements regarding VICORP's future business
prospects, plans, objectives, stock prices, expectations and
intentions are subject to certain risks, uncertainties and other
factors that could cause actual results to differ materially from
those projected or suggested in the forward-looking statements,
including, but not limited to those contained in the VICORP's Schedule
13E-4 filed on November 23, 1999.
