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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14D-1
TENDER OFFER STATEMENT PURSUANT TO SECTION 14(D)(1) OF
THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3 - FINAL AMENDMENT)
AND
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3 - FINAL AMENDMENT)
QMS, INC.
(Name of Subject Company)
MINOLTA INVESTMENTS COMPANY
MINOLTA CO., LTD.
(Bidders)
COMMON STOCK, $.01 PAR VALUE 74726G102
(Title of Class of Securities) (CUSIP Number of Class of Securities)
TOSHIHIRO KATAOKA ALLEN A. HANS
MINOLTA CO., LTD. MINOLTA INVESTMENTS COMPANY
3-13, AZUCHI-MACHI 2-CHOME, C/O MINOLTA CORPORATION
CHUO-KU, OSAKA 541-8556, JAPAN 101 WILLIAMS DRIVE
TELEPHONE: (81) 6-6271-2251 RAMSEY, NEW JERSEY 07446
FACSIMILE: (81) 6-6266-1010
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications of Behalf of Bidders)
COPY TO:
STEPHEN M. BESEN, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, NEW YORK 10153-0119
TELEPHONE: (212) 310-8000
FACSIMILE: (212) 310-8007
JULY 12, 1999
(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)
(Continued on following pages)
(Page 1 of 6 Pages)
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<TABLE>
<CAPTION>
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CUSIP No. 74726G102 14D-1 Page 2 of 6
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<S> <C>
1 NAME OF REPORTING PERSONS: MINOLTA INVESTMENTS COMPANY
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S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSONS: 23-36-58241
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT N/A [ ]
TO ITEMS 2(e) OR 2(f):
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: STATE OF DELAWARE
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7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,570,000 (INCLUDING 589,324 TENDERED BY
GUARANTEED DELIVERY)
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8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES N/A [ ]
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9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 51%
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10 TYPE OF REPORTING PERSON CO
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CUSIP No. 74726G102 14D-1 Page 3 of 6
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1 NAME OF REPORTING PERSONS: MINOLTA CO., LTD.
S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSONS:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: OO, WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT N/A [ ]
TO ITEMS 2(e) OR 2(f):
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: JAPAN
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7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,570,000 (INCLUDING 589,324 TENDERED BY
GUARANTEED DELIVERY)
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8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES N/A [ ]
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9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 51%
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10 TYPE OF REPORTING PERSON CO
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TENDER OFFER
This Amendment No. 3 (Final Amendment) amends and supplements the
Tender Offer Statement on Schedule 14D-1 filed on June 14, 1999 by Minolta
Investments Company, a Delaware corporation ("Purchaser"), and Minolta Co., Ltd.
("Parent"), a Japanese corporation and the owner of all of the outstanding
capital stock of Purchaser, as amended, relating to the offer by Purchaser to
purchase 5,440,000 shares of common stock, par value $0.01 per share (the
"Shares"), of QMS, Inc., at $6.25 per Share, net to the seller in cash, on the
terms and subject to the conditions set forth in the Offer to Purchase, dated
June 14, 1999, as amended on June 24, 1999 (the "Offer to Purchase"), and in the
related Letter of Transmittal and any amendments or supplements thereto (which
collectively constitute the "Offer").
ITEM 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY
The Offer expired at 12:00 midnight, New York City time, on Monday,
July 12, 1999. Based on information provided by Harris Trust Company of New
York, the Depositary (the "Depositary") for the Offer, 8,126,551 Shares, or
approximately 76% of the outstanding Shares, were validly tendered and not
properly withdrawn pursuant to the Offer (including 589,324 Shares tendered by
means of guaranteed delivery). Purchaser has accepted for payment and has
instructed the Depositary to promptly pay for 5,440,000 Shares on a pro rata
basis, in accordance with the terms and subject to the conditions set forth in
the Offer. Accordingly, Purchaser estimates that each tendering shareholder will
receive payment for approximately 67% of his or her tendered shares. On July 13,
1999, Parent issued a press release, the text of which is set forth as Exhibit
(a)(10) hereto and is incorporated by reference herein.
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS
(a)(10) Text of Press Release, dated July 13, 1999, by Parent
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SIGNATURES
After due inquiry and to the best of their knowledge and belief, the
undersigned hereby certify that the information set forth in this statement is
true, complete and correct.
Dated: July 13, 1999
MINOLTA CO., LTD.
By: /s/ Hiroshi Fujii
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Name: Hiroshi Fujii
Title: Director
MINOLTA INVESTMENTS COMPANY
By: /s/ Allen A. Hans
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Name: Allen A. Hans
Title: Vice President and Secretary
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EXHIBIT INDEX
EXHIBIT DESCRIPTION
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(a)(10) Text of Press Release, dated July 13, 1999, by Parent
6
Exhibit (a)(10)
For Immediate Release
MINOLTA COMPLETES TENDER OFFER FOR
QMS COMMON STOCK
Osaka, Japan, July 13, 1999 -- Minolta Co., Ltd. (Tokyo Stock Exchange:7753)
announced today that Minolta Investments Company, its wholly-owned subsidiary,
has completed its cash tender offer for 5,440,000 shares of the common stock of
QMS, Inc. (NYSE:AQM) at $6.25 net per share.
The offer expired, as scheduled, at 12:00 midnight, New York City time,
on Monday, July 12, 1999.
As of the expiration of the offer, based on information provided by
Harris Trust Company of New York, the Depositary for the offer, approximately
8,126,551 shares (including approximately 589,324 shares tendered by guaranteed
delivery) had been validly tendered and not properly withdrawn. Pursuant to the
terms of the offer, Minolta Investments Company will accept and pay for
5,440,000 shares tendered in the offer. Due to the difficulty in determining the
precise number of shares validly tendered and not properly withdrawn, Minolta
Investments Company does not expect to be able to announce definitive proration
numbers until the week of July 19, 1999, at the earliest. Accordingly, based
upon this estimate, Minolta Investments Company estimates that it would accept
and pay for approximately 67% of the total number of shares validly tendered and
not properly withdrawn. Accordingly, each tendering shareholder will receive
payment for approximately 67% of his or her tendered shares (with appropriate
adjustments to avoid fractional shares). Remaining shares will be returned at no
cost to the tendering shareholder.
Established in 1928, Minolta Co. Ltd. is a leading manufacturer of
photocopiers, printers and other image information products; conventional
cameras, digital cameras and other optical products; radiometric instruments;
and planetariums.
With headquarters in Osaka, Japan, Minolta Co., Ltd. has established a
worldwide network of more than 60 manufacturing facilities and marketing
offices, including its U.S. headquarters for Minolta Corp. in Ramsey, N.J., and
Minolta Systems Laboratory Inc. in San Jose, Calif. Minolta Co., Ltd. can be
reached on the World Wide Web at www.minolta.com.
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