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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
----------
LIFE TECHNOLOGIES, INC.
(Name of Issuer)
Common Stock, $.01 par value per share 532177201
(Title of class of securities) (CUSIP number)
Richard A. Weinberg,Esq.
c/o ISP Management Company, Inc.
1361 Alps Road
Wayne, New Jersey 07470
(973) 628-3000
(Name, address and telephone number of person authorized
to receive notices and communications)
With a copy to:
Stephen E. Jacobs, Esq.
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, New York 10153-0119
(212) 310-8000
December 2, 1998
(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [_].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss. 240.13d-7 for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 (the "Act") or otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act. (However, see the
Notes.)
(Continued on following pages)
(Page 1 of 20 pages)
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NYFS01...:\01\47201\0001\2037\SCHD028J.560
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 2 of 20 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON ISP OPCO HOLDINGS INC.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: OO
- ------------------ -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 2,035,400
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 2,035,400
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 2,035,400
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.56%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 3 of 20 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON ISP INVESTMENTS INC.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: WC, OO
- ------------------ -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 2,035,400
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 2,035,400
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 2,035,400
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.56%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 4 of 20 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON INTERNATIONAL SPECIALTY
S.S. OR I.R.S. IDENTIFICATION NO. PRODUCTS INC.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: OO
- ------------------ -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 2,035,400
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 2,035,400
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 2,035,400
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.56%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 5 of 20 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON SAMUEL J. HEYMAN
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: OO
- ------------------ -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: USA
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 2,035,400
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 2,035,400
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 2,035,400
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.56%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 6 of 20 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON BEAR, STEARNS & CO. INC.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: WC, PF
- ------------------ -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 414,215
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 414,215
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 414,215
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.74%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 7 of 20 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON FREDERICK R. ADLER
S.S. OR I.R.S. IDENTIFICATION NO. INTANGIBLE ASSET
OF ABOVE PERSON MANAGEMENT TRUST
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: PF
- ------------------ -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: NEW YORK
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 713,395
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 713,395
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 713,395
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 3.0%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 8 of 20 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON THE COHEN REVOCABLE TRUST
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: PF
- ------------------ -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: California
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 397,100
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 397,100
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 397,100
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.67%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 9 of 20 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON A. CHANG
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: PF
- ------------------ -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: USA
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 135,500
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 135,500
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 135,500
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.57%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 10 of 20 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON YORK CAPITAL MANAGEMENT,
S.S. OR I.R.S. IDENTIFICATION NO. L.P.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ------------------ -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 78,700
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 78,700
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 78,700
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.33%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 11 of 20 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON DINAN MANAGEMENT, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ------------------ -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: New York
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 78,700
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 78,700
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 78,700
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.33%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 12 of 20 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON JGD MANAGEMENT CORP.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
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 ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 23,100
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 23,100
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 23,100
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.10%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 13 of 20 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON YORK INVESTMENT LIMITED
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ------------------ -------------------------------------------------------------
3 SEC USE ONLY
- ------------------ -------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ------------------ -------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Bahamas
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 129,600
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 129,600
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 129,600
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): .55%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 14 of 20 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON DINAN MANAGEMENT
S.S. OR I.R.S. IDENTIFICATION NO. CORPORATION
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
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 ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 129,600
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 129,600
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 129,600
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): .55%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------ -------------------------------------------------------------
<PAGE>
- ----------------------------------- ----------------------------------
CUSIP No. 532177201 13D Page 15 of 20 Pages
- ----------------------------------- ----------------------------------
- ------------------ -------------------------------------------------------------
1 NAME OF REPORTING PERSON JAMES G. DINAN
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ------------------ -------------------------------------------------------------
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 ITEM 2(d) OR 2(e): [_]
- ------------------ -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: USA
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------- --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 231,400
OWNED BY
------- --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------- --------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 231,400
- ------------------ -------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 231,400
- ------------------ -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
- ------------------ -------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.97%
- ------------------ -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ------------------ -------------------------------------------------------------
<PAGE>
This Amendment No. 2 ("Amendment No. 2") amends the Statement on
Schedule 13D (the "Schedule 13D") filed on November 20, 1998, as amended by
Amendment No. 1 filed on November 30, 1998, by and on behalf of ISP Opco
Holdings Inc. ("ISP Opco"), ISP Investments Inc. ("ISP Investments"),
International Specialty Products Inc. ("ISP"), Samuel J. Heyman, Bear, Stearns &
Co. Inc. ("Bear, Stearns"), Frederick R. Adler Intangible Asset Management Trust
(the "Adler Trust"), The Cohen Revocable Trust (the "Cohen Trust"), and A. Chang
("Chang") (collectively, the "Original Reporting Group") with respect to their
ownership of common stock, par value $.01 per share (the "Common Stock"), of
Life Technologies, Inc. (the "Company"). As indicated in Item 2, York Capital
Management, L.P. ("York Capital"), Dinan Management, L.L.C. ("Dinan
Management"), JGD Management Corp. ("JGD Management"), York Investment Limited
("York Investment"), Dinan Management Corporation ("DMC"), and James G. Dinan
("JGD") (collectively, the "Additional Reporting Persons") have joined with the
Original Reporting Group (the Original Reporting Group and the Additional
Reporting Persons, collectively, the "13D Group") for the purposes of the filing
requirements of Section 13(d) of the Securities and Exchange Act of 1934. The
Original Reporting Group, together with the Additional Reporting Persons, are
sometimes hereinafter referred to as the Reporting Persons. Capitalized terms
used herein and not defined herein have the meanings ascribed thereto in the
Schedule 13D.
ITEM 2. Identity and Background
York Capital, a Delaware limited partnership, is engaged primarily
in the business of investments. The business address of York Capital is 350 Park
Avenue, New York, New York 10022. The general partner of York Capital is Dinan
Management (information regarding Dinan Management is set forth immediately
below).
Dinan Management, a New York limited liability company, is engaged
primarily in the business of investment management. The business address of
Dinan Management is 350 Park Avenue, New York, New York 10022. The sole managing
member of Dinan Management is JGD. Information as to JGD's position, business
address and citizenship is set forth below.
JGD Management, a Delaware corporation, is engaged primarily in the
business of investment management. The business address of JGD Management is 350
Park Avenue, New York, New York 10022. The name, position, business address and
citizenship of each director and executive officer of JGD Management are set
forth on Schedule A hereto.
York Investment, a company organized under the laws of the Bahamas,
is engaged primarily in the business of investments. The business address of
York Investment is Windermere House, 404 East Bay Street, P.O. Box SS 5539,
Nassau, Bahamas. The name, position, business address and citizenship of each
director and executive officer of York Investment are set forth on Schedule A
hereto.
DMC, a Delaware corporation, is engaged primarily in the business of
investment management. The business address of DMC is c/o JGD Management Corp.,
350 Park Avenue, New York, New York 10022. The President and sole Director of
DMC is JGD. Information as to JGD's position, business address and citizenship
is set forth immediately below.
JGD, a citizen of the United States of America, is President of JGD
Management, an investment management company. JGD's business address is 350 Park
Avenue, New York, New York 10022.
None of the Additional Reporting Persons nor any of the persons
listed on Schedule A hereto has, during the last five years, (i) been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors)
or (ii) been a party to a civil proceeding of a judicial or administrative body
of
16
<PAGE>
competent jurisdiction as a result of which such person was or is subject to a
judgment, decree or final order enjoining the future violations of, or
prohibiting or mandating activities subject to, federal or state securities laws
or finding a violation with respect to such laws.
ITEM 3. Source and Amount of Funds or Other Consideration
York Capital has purchased an aggregate of 78,700 Shares for total
consideration (including brokerage commissions) of $2,915,354 derived from
working capital of York Capital.
York Investment has purchased an aggregate of 129,600 Shares for
total consideration (including brokerage commissions) of $4,800,874 derived from
working capital of York Investment.
JGD Management has purchased an aggregate of 23,100 Shares for a
total consideration (including brokerage commissions) of $855,714 derived from
working capital from discretionary accounts.
ITEM 4. Purpose of Transaction
The response of the Reporting Persons to this Item 4 as previously
disclosed in Amendment No. 1 to the Schedule 13D has not changed.
ITEM 5. Interest in Securities of the Issuer
As of the close of business on December 2, 1998, the Reporting
Persons beneficially owned (or are deemed, solely for purposes of Rule 13d-3, to
beneficially own), directly or indirectly, an aggregate of 3,927,010 Shares,
representing approximately 16.52% of the Common Stock outstanding on December 2,
1998 (based on 23,770,344 shares of Common Stock believed by the Reporting
Persons to be outstanding as of November 3, 1998).
ISP Investments has the sole power to vote, direct the voting of,
dispose of and direct the disposition of 2,035,400 Shares. ISP Opco, by virtue
of its ownership of all of the outstanding capital stock of ISP Investments, may
be deemed to own beneficially (solely for purposes of Rule 13d-3) the Shares
owned by ISP Investments. ISP, by virtue of its ownership of all of the
outstanding common stock of ISP Opco, may be deemed to own beneficially (solely
for purposes of Rule 13d-3) the Shares owned by ISP Investments. Mr. Heyman, by
virtue of his beneficial ownership (as defined in Rule 13d-3) of approximately
76% of the capital stock of ISP, may be deemed to own beneficially (solely for
purposes of Rule 13d-3) the Shares owned by ISP Investments.
Bear, Stearns has the sole power to vote, direct the voting of,
dispose of and direct the disposition of 414,215 Shares.
The Adler Trust has the sole power to vote, direct the voting of,
dispose of and direct the disposition of 713,395 Shares.
The Cohen Trust has the sole power to vote, direct the voting of,
dispose of and direct the disposition of 397,100 Shares.
Chang has the sole power to vote, direct the voting of, dispose of
and direct the disposition of 135,500 Shares.
York Capital has the sole power to vote, direct the voting of,
dispose of and direct the disposition of 78,700 Shares. Dinan Management, as
General Partner of York Capital, may be deemed to own beneficially (solely for
purposes of
17
<PAGE>
Rule 13d-3) the Shares owned by York Capital. JGD, by virtue of his beneficial
ownership (as defined in Rule 13d-3) of approximately 99% of the ownership
interests in Dinan Management, may be deemed to own beneficially (solely for
purposes of Rule 13d-3) the Shares owned by York Capital.
JGD Management has the sole power to vote, direct the voting of,
dispose of and direct the disposition of 23,100 Shares. JGD, by virtue of his
beneficial ownership (as defined in Rule 13d-3) of all of the capital stock of
JGD Management, may be deemed to own beneficially (solely for purposes of Rule
13d-3) the Shares owned by JGD Management.
York Investment has the sole power to vote, direct the voting of,
dispose of and direct the disposition of 129,600 Shares. DMC, by virtue of its
role as investment sub-manager of York Investment's accounts, may be deemed to
own beneficially (solely for purposes of Rule 13d-3) the Shares owned by York
Investment. JGD, by virtue of his beneficial ownership (as defined in Rule
13d-3) of approximately 99% of the capital stock of DMC, may be deemed to own
beneficially (solely for purposes of Rule 13d-3) the Shares owned by York
Investment.
Each member of the Original Reporting Group disclaims beneficial
ownership of the Shares owned by each of the Additional Reporting Persons and
each of the Additional Reporting Persons disclaims beneficial ownership of the
Shares owned by each of the other Reporting Persons.
Since the filing of Amendment No. 1 to the Schedule 13D, members of
the Original Reporting Group effected transactions in Shares in open market
transactions as set forth in Schedule B hereto. In the past 60 days, the
Additional Reporting Persons effected transactions in Shares in open market
transactions as set forth in Schedule C hereto.
ITEM 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
On December 2, 1998, members of the Original Reporting Group and
each of the Additional Reporting Persons entered into a letter agreement (the
"Group Agreement") pursuant to which each of the Additional Reporting Persons
agreed (i) for a period of six months not to sell or otherwise dispose of any
Shares unless all of the parties mutually agree, (ii) to bear its own costs and
expenses incurred in connection with its ownership of Shares, the Group
Agreement or any transactions entered into pursuant to the Group Agreement,
provided that any expenses incurred by a party for the common benefit of all
shall be shared by the parties, other than the Adler Trust, on a pro rata basis,
(iii) to join with ISP in a Schedule 13D filing and any required amendments and
(iv) not to enter into any other contract, arrangement, understanding or
relationship with any other person with respect to equity securities of the
Company for a period of six months without the written consent of the other
parties.
Except as set forth above, the response of the Reporting Persons to
this Item 6 as previously disclosed in Amendment No.1 to the Schedule 13D has
not changed.
A copy of the Group Agreement is set forth as Exhibit 1 hereto and
incorporated herein by reference.
ITEM 7. Materials to be Filed as Exhibits
1. Form of Group Agreement among the Reporting Persons with respect
to the filing of this Schedule 13D.
[The remainder of this page intentionally left blank.]
18
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of their knowledge and
belief, the undersigned certify that the information set forth in this Statement
is true, complete and correct.
Dated: December 2, 1998
ISP OPCO HOLDINGS INC.
ISP INVESTMENTS INC.
INTERNATIONAL SPECIALTY PRODUCTS INC.
By: /s/ James P. Rogers
----------------------------------
James P. Rogers
Executive Vice President
Finance
/s/ Samuel J. Heyman
----------------------------------
Samuel J. Heyman
BEAR, STEARNS & CO. INC.
By: /s/ Barry Cohen
----------------------------------
Barry Cohen
Senior Managing Director
FREDERICK R. ADLER INTANGIBLE ASSET
MANAGEMENT TRUST
By: /s/ Susan R. Chapman
----------------------------------
Susan R. Chapman
Trustee
THE COHEN REVOCABLE TRUST
By: /s/ S. Cohen
----------------------------------
S. Cohen
Trustee
/s/ A. Chang
----------------------------------
A. Chang
YORK CAPITAL MANAGEMENT, L.P.
By: DINAN MANAGEMENT, L.L.C., its
General Partner
By: /s/ James G. Dinan
----------------------------
James G. Dinan
President
19
<PAGE>
DINAN MANAGEMENT, L.L.C.
By: /s/ James G. Dinan
----------------------------------
James G. Dinan
President
JGD MANAGEMENT CORP.
DINAN MANAGEMENT CORPORATION
By: /s/ James G. Dinan
----------------------------------
James G. Dinan
President
YORK INVESTMENT LIMITED
By: /s/ Anthony L.M. Inder Reiden
----------------------------------
Anthony L.M. Inder Reiden
Director
20
<PAGE>
SCHEDULE A
DIRECTORS AND EXECUTIVE OFFICERS OF JGD MANAGEMENT CORP.
--------------------------------------------------------
Name Principal Occupation or Employment
---- ----------------------------------
James G. Dinan Director and President
Jeanette Dinan Director
James G. Dinan and Jeanette Dinan are citizens of the United States
of America and their business address is 350 Park Avenue, New York, New York
10022.
DIRECTORS AND EXECUTIVE OFFICERS OF YORK INVESTMENT LIMITED
-----------------------------------------------------------
Name Principal Occupation or Employment
---- ----------------------------------
Anthony L.M. Inter Reiden Director
Dawn E. Davies Director
Anthony L.M. Inter Reiden and Dawn E. Davies are citizens of the
Bahamas and their business address is Windermere House, 404 East Bay Street,
P.O. Box 5539, Nassau, Bahamas.
21
<PAGE>
SCHEDULE B
The following schedule sets forth information with respect to each
purchase of Shares which was effectuated by the Original Reporting Group since
the filing of Amendment No. 1 to the Schedule 13D. All transactions were
effectuated in the open market through a broker.
None
22
<PAGE>
SCHEDULE C
The following schedule sets forth information with respect to each
transaction in Shares which was effectuated by the Additional Reporting Persons
in the 60 day period prior to the filing of this Amendment No. 2. All
transactions were effectuated in the open market through a broker.
YORK CAPITAL MANAGEMENT, L.P.
=============================
Number of
Date Shares Purchased (Sold) Price Per Share
==== ======================= ===============
10/29 81,400 37.04
10/30 5,000 37.10
11/2 9,400 37.06
11/24 (5,000) 37.33
11/24 (9,400) 37.33
11/24 (2,700) 37.33
YORK INVESTMENT LIMITED
=======================
Number of
Date Shares Purchased (Sold) Price Per Share
==== ======================= ===============
10/29 14,000 37.04
10/29 120,000 37.04
10/30 8,200 37.10
11/2 15,400 37.06
11/24 (8,200) 37.33
11/24 (15,400) 37.33
11/24 (4,400) 37.33
23
<PAGE>
JGD MANAGEMENT CORP.
====================
Number of
Date Shares Purchased (Sold) Price Per Share
==== ======================= ===============
10/29 23,900 37.04
10/30 1,400 37.13
11/2 2,700 37.08
11/24 (1,200) 37.33
11/24 (3,000) 37.32
11/24 (700) 37.33
24
<PAGE>
EXHIBIT INDEX
Exhibit No. Document Page No.
- ----------- -------- --------
1 Form of Group Agreement among the
Reporting Persons with respect to
the filing of this Schedule 13D
25
AGREEMENT
THIS AGREEMENT ("Agreement"), dated as of December 1, 1998, is among York
Capital Management, L.P. ("York Capital"), York Investment Limited ("York
Investment"), JGD Management Corp. ("JGD" and, together with York Capital and
York Investment, collectively, the "York Entities") and the other parties
signatory hereto with respect to shares of common stock (the "Shares") of Life
Technologies, Inc., a Delaware corporation (the "Company").
As of the date hereof, the York Entities own or control, directly or
indirectly, that number of Shares set forth after their names on the signature
page to this Agreement.
Each of the York Entities hereby agrees that, for a period of six months
from the date hereof, it shall not sell or otherwise dispose of any Shares,
including, without limitation, pursuant to open market sales, privately
negotiated transactions or tender offers, unless the parties hereto (other than
the York Entities) mutually agree to the contrary; provided, however, that the
York Entities shall be permitted to sell or otherwise transfer Shares among
themselves, provided that no such Shares are sold or otherwise transferred to
any individual or entity other than the York Entities. Each of the parties
hereto agrees that the York Entities shall be permitted to participate in any
sale of Shares agreed to by the parties hereto (other than the York Entities) on
a pro rata basis (based on the number of Shares owned by all of the parties
hereto as of the date hereof).
Each of the parties hereto agrees to bear its own costs and expenses
incurred in connection with its ownership of Shares, this Agreement and any
transaction entered into pursuant to this Agreement; provided, however, that the
York Entities shall share on a pro rata basis expenses incurred by the party for
the common benefit of all the parties hereto, subject to the limitation that the
York Entities shall not be responsible for more than $5,000 in pro rata expenses
pursuant hereto without their prior written consent. Each of the York Entities
hereby agrees to join with International Specialty Products Inc. in a Schedule
13D filing and any required amendments thereto.
Except for this Agreement, none of the York Entities is a party to any
other contract, understanding, relationship or arrangement with any other person
or entity with respect to any equity securities of the Company requiring
disclosure under Section 13(d) of the Securities Exchange Act of 1934, as
amended,
NYFS01...:\01\47201\0001\2037\AGRD028S.180
<PAGE>
and the rules and regulations promulgated thereunder. Each of the York Entities
hereby agrees not to enter into any other such contract, understanding,
relationship or arrangement for a period of six months from the date hereof
without the written consent of the other parties hereto.
This Agreement sets forth the entire understanding of the parties hereto
with respect to the subject matter hereof. This Agreement may be executed in
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the undersigned has duly executed this Agreement as of
the date written above.
YORK CAPITAL MANAGEMENT, L.P.
By: DINAN MANAGEMENT, L.L.C., its
General Partner
By:
---------------------------------
James G. Dinan
Senior Managing Partner
Shares owned: 78,700
JGD MANAGEMENT CORP.
By:
------------------------------------
James G. Dinan
President
Shares controlled: 23,100
YORK INVESTMENT, LTD.
By:
-----------------------------------
Anthony L.M. Inter Reiden
Director
Shares owned: 129,600
2
