BUCYRUS INTERNATIONAL INC
SC 14D1/A, 1997-09-30
MINING MACHINERY & EQUIP (NO OIL & GAS FIELD MACH & EQUIP)
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<PAGE>
 
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- --------------------------------------------------------------------------------
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
 
                               ----------------
 
                                SCHEDULE 14D-1/A
 
                      (AMENDMENT NO. 1 -- FINAL AMENDMENT)
 
                             TENDER OFFER STATEMENT
                          PURSUANT TO SECTION 14(D)(1)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
                                      AND
                                 SCHEDULE 13D/A
 
                      (AMENDMENT NO. 1 -- FINAL AMENDMENT)
 
                   UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
                               ----------------
 
                          BUCYRUS INTERNATIONAL, INC.
                           (Name of Subject Company)
 
                           BUCYRUS ACQUISITION CORP.
             AMERICAN INDUSTRIAL PARTNERS ACQUISITION COMPANY, LLC
                                   (Bidders)
 
                               ----------------
 
                    COMMON STOCK, PAR VALUE $0.01 PER SHARE
                         (Title of Class of Securities)
 
                               ----------------
 
                                   118902105
                     (CUSIP Number of Class of Securities)
 
                               ----------------
 
                             LAWRENCE W. WARD, JR.
                                   PRESIDENT
             AMERICAN INDUSTRIAL PARTNERS ACQUISITION COMPANY, LLC
             C/O AMERICAN INDUSTRIAL PARTNERS CAPITAL FUND II, L.P.
                               ONE MARITIME PLAZA
                                   SUITE 2525
                        SAN FRANCISCO, CALIFORNIA 94111
                                 (415) 788-7354
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
                      Communications on Behalf of Bidder)
 
                                    COPY TO:
                              KENTON J. KING, ESQ.
                    SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
                      FOUR EMBARCADERO CENTER, SUITE 3800
                        SAN FRANCISCO, CALIFORNIA 94111
                                 (415) 984-6400
 
 
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<PAGE>
 
                                 SCHEDULE 14D-1
  CUSIP NO. 118902105
 

- ------------------------------------------------------------------------------- 
1.  Name of Reporting Person 
    S.S. or I.R.S. Identification Nos. of Above Persons
 
    Bucyrus Acquisition Corp.
    94-3279135
- --------------------------------------------------------------------------------
 
2.  Check the Appropriate Box if a Member of a Group
                                                                     (a) [_]
                                                                     (b) [_]
 
- --------------------------------------------------------------------------------
 
3.  SEC Use Only
 
- --------------------------------------------------------------------------------
 
4.  Source of Funds 

    AF
 
- --------------------------------------------------------------------------------
 
5.  Check Box if Disclosure of Legal Proceedings is Required Pursuant to
    Items 2(e) or 2(f)
                                                                         [_]
 
- --------------------------------------------------------------------------------
 
6.  Citizenship or Place of Organization
 
    Delaware
 
- --------------------------------------------------------------------------------
 
7.  Aggregate Amount Beneficially Owned by Each Reporting
    Person
 
    10,380,713 shares of Common Stock
    (including 1,157,206 shares subject to guarantee of
    delivery)
- --------------------------------------------------------------------------------
 
8.  Check Box if the Aggregate Amount in Row (7) Excludes                  [_]
    Certain Shares
 
- --------------------------------------------------------------------------------
 
9.  Percent of Class Represented by Amount in Row (7)
 
    93%
- --------------------------------------------------------------------------------
 
10. Type of Reporting Person
  
    CO
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                                       1
<PAGE>
 
                                 SCHEDULE 14D-1
  CUSIP NO. 118902105
 

- ------------------------------------------------------------------------------- 
1.  Name of Reporting Person 
    S.S. or I.R.S. Identification Nos. of Above Persons
 
    American Industrial Partners Acquisition Company, LLC
    94-3279136
- --------------------------------------------------------------------------------
 
2.  Check the Appropriate Box if a Member of a Group
                                                                     (a) [_]
                                                                     (b) [_]
 
- --------------------------------------------------------------------------------
 
3.  SEC Use Only
- --------------------------------------------------------------------------------
 
4.  Source of Funds 

    OO
- --------------------------------------------------------------------------------
 
5.  Check Box if Disclosure of Legal Proceedings is Required Pursuant to
    Items 2(e) or 2(f)
                                                                         [_]
 
- --------------------------------------------------------------------------------
 
6.  Citizenship or Place of Organization

    Delaware
 
- --------------------------------------------------------------------------------
 
7.  Aggregate Amount Beneficially Owned by Each Reporting
    Person

    10,380,713 shares of Common Stock
    (including 1,157,206 shares subject to guarantee of
    delivery)
- --------------------------------------------------------------------------------
 
8.  Check Box if the Aggregate Amount in Row (7) Excludes                  [_]
    Certain Shares
 
- --------------------------------------------------------------------------------
 
9.  Percent of Class Represented by Amount in Row (7)
 
    93%
- --------------------------------------------------------------------------------
 
10. Type of Reporting Person
    
    OO
- --------------------------------------------------------------------------------
 
 
                                       2
<PAGE>
 
                                 SCHEDULE 14D-1
  CUSIP NO. 118902105
 
- --------------------------------------------------------------------------------
 
1.  Name of Reporting Person 
    S.S. or I.R.S. Identification Nos. of Above Persons
 
    American Industrial Partners Capital Fund II, L.P.
- --------------------------------------------------------------------------------
 
2.  Check the Appropriate Box if a Member of a Group
                                                                     (a) [_]
                                                                     (b) [_]
 
- --------------------------------------------------------------------------------
 
3.  SEC Use Only
 
- --------------------------------------------------------------------------------
 
4.  Source of Funds 

    OO
 
- --------------------------------------------------------------------------------
 
5.  Check Box if Disclosure of Legal Proceedings is Required Pursuant to
    Items 2(e) or 2(f)
                                                                         [_]
 
- --------------------------------------------------------------------------------
 
6.  Citizenship or Place of Organization
 
    Delaware
 
- --------------------------------------------------------------------------------
 
7.  Aggregate Amount Beneficially Owned by Each Reporting
    Person
 
    10,380,713 shares of Common Stock
    (including 1,157,206 shares subject to guarantee of
    delivery)
- --------------------------------------------------------------------------------
 
8.  Check Box if the Aggregate Amount in Row (7) Excludes                  [_]
    Certain Shares
 
- --------------------------------------------------------------------------------
 
9.  Percent of Class Represented by Amount in Row (7)
 
    93%
- --------------------------------------------------------------------------------
 
10. Type of Reporting Person
  
    PN
- --------------------------------------------------------------------------------
 
 
                                       3
<PAGE>
 
                                 SCHEDULE 14D-1
  CUSIP NO. 118902105
 
- --------------------------------------------------------------------------------
 
1.  Name of Reporting Person 
    S.S. or I.R.S. Identification No. of Above Persons
 
 
    American Industrial Partners II, L.P.
- --------------------------------------------------------------------------------
 
2.  Check the Appropriate Box if a Member of a Group
                                                                     (a) [_]
                                                                     (b) [_]
 
- --------------------------------------------------------------------------------
 
3.  SEC Use Only
 
- --------------------------------------------------------------------------------
 
4.  Source of Funds 

    OO
 
- --------------------------------------------------------------------------------
 
5.  Check Box if Disclosure of Legal Proceedings is Required Pursuant to
    Items 2(e) or 2(f)
                                                                         [_]
 
- --------------------------------------------------------------------------------
 
6.  Citizenship or Place of Organization
 
    Delaware
 
- --------------------------------------------------------------------------------
 
7.  Aggregate Amount Beneficially Owned by Each Reporting
    Person*
 
    10,380,713 shares of Common Stock
    (including 1,157,206 shares subject to guarantee of
    delivery)
- --------------------------------------------------------------------------------
 
8.  Check Box if the Aggregate Amount in Row (7) Excludes                  [_]
    Certain Shares
 
- --------------------------------------------------------------------------------
 
9.  Percent of Class Represented by Amount in Row (7)
 
    93%
- --------------------------------------------------------------------------------
 
10. Type of Reporting Person
  
    PN
- --------------------------------------------------------------------------------

 
                                       4
<PAGE>
 
                                 SCHEDULE 14D-1
  CUSIP NO. 118902105
 
- --------------------------------------------------------------------------------
 
1.  Name of Reporting Person 
    S.S. or I.R.S. Identification No. of Above Persons
 
 
    American Industrial Partners Corporation
- --------------------------------------------------------------------------------
 
2.  Check the Appropriate Box if a Member of a Group
                                                                     (a) [_]
                                                                     (b) [_]
 
- --------------------------------------------------------------------------------
 
3.  SEC Use Only
 
- --------------------------------------------------------------------------------
 
4.  Source of Funds 

    OO
 
- --------------------------------------------------------------------------------
 
5.  Check Box if Disclosure of Legal Proceedings is Required Pursuant to
    Items 2(e) or 2(f)
                                                                         [_]
 
- --------------------------------------------------------------------------------
 
6.  Citizenship or Place of Organization
 
    Delaware
 
- --------------------------------------------------------------------------------
 
7.  Aggregate Amount Beneficially Owned by Each Reporting
    Person*
 
    10,380,713 shares of Common Stock
    (including 1,157,206 shares subject to guarantee of
    delivery)
- --------------------------------------------------------------------------------
 
8.  Check Box if the Aggregate Amount in Row (7) Excludes                  [_]
    Certain Shares
 
- --------------------------------------------------------------------------------
 
9.  Percent of Class Represented by Amount in Row (7)*
 
    93%
- --------------------------------------------------------------------------------
 
10. Type of Reporting Person
  
    CO
- --------------------------------------------------------------------------------
 
 
                                       5
<PAGE>
 
                                 TENDER OFFER
 
  This Amendment No. 1 (Final Amendment) constitutes the final amendment to
the Tender Offer Statement on Schedule 14D-1/13D (the "Schedule 14D-1/13D")
filed with the Securities and Exchange Commission on August 26, 1997 by
Bucyrus Acquisition Corp. (the "Purchaser") and American Industrial Partners
Acquisition Company, LLC ("Parent"), relating to the offer by the Purchaser to
purchase all of the outstanding shares (the "Shares") of common stock, par
value $.01 per share (the "Common Stock") of Bucyrus International, Inc., a
Delaware corporation (the "Company"), at $18.00 per Share, net to the seller
in cash, upon the terms and subject to the conditions set forth in the Offer
to Purchase dated August 26, 1997 (the "Offer to Purchase"), a copy of which
is attached to the Schedule 14D-1/13D as Exhibit (a)(1), and in the related
Letter of Transmittal, a copy of which is attached to the Schedule 14D-1/13D
as Exhibit (a)(2). This filing also constitutes Amendment No. 1 (Final
Amendment) to the Schedule 13D originally filed pursuant to Section 13(d) of
the Securities Exchange Act of 1934, as amended, on behalf of each of the
Purchaser, Parent, American Industrial Partners Capital Fund II, L.P. ("AIP
Capital Fund"), American Industrial Partners II, L.P. ("AIP LP") and American
Industrial Partners Corporation ("AIP Corp.") Each of the Purchaser, Parent,
AIP Capital Fund, AIP LP and AIP Corp. disclaims beneficial ownership of such
Shares.
 
ITEM 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY.
 
  Item 6 is hereby amended and supplemented by adding thereto the following:
 
    (a)-(b) The Offer expired at 12:00 midnight, New York City time, on
  Tuesday, September 23, 1997. Based on information provided by the
  Depositary, there were validly tendered and not withdrawn 10,380,713 shares
  of Common Stock (including 1,157,206 shares subject to guarantee of
  delivery), or approximately 93% of the issued and outstanding shares of
  Common Stock on a fully diluted basis. The Shares validly tendered and not
  withdrawn at such time were accepted for payment. On September 24, 1997,
  the Purchaser, Parent and the Company issued the joint press release
  attached hereto as Exhibit (a)(10). On September 26, 1997, the Purchaser
  and the Company effected a short-form merger pursuant to Section 253 of the
  Delaware General Corporation Law. Immediately thereafter, the Company filed
  a Form 15 pursuant to the Securities Exchange Act of 1934, as amended, and
  concurrently notified the Nasdaq National Market System.
 
ITEM 11. MATERIALS TO BE FILED AS EXHIBITS
 
  Item 11 is hereby amended and supplemented by adding thereto the following
Exhibit:
 
    (a)(19) Press Release jointly issued by the Purchaser and the Company,
  dated September 24, 1997.
 
                                       6
<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.
 
Date: September 30, 1997
 
                                          Bucyrus Acquisition Corp.
 
                                          By:  /s/ Lawrence W. Ward, Jr.
                                             ----------------------------------
                                          Name: Lawrence W. Ward, Jr.
                                          Title: President
 
                                       7
<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.
 
Date: September 30, 1997
 
                                          American Industrial Partners
                                           Acquisition Company, LLC
 
                                          By:  /s/ Lawrence W. Ward, Jr.
                                             ----------------------------------
                                          Name: Lawrence W. Ward, Jr.
                                          Title: President
 
                                       8
<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.
 
Date: September 30, 1997
 
                                          American Industrial Partners Capital
                                           Fund II, L.P.
 
                                          By: American Industrial Partners II,
                                            L.P., its general partner
 
                                          By: American Industrial Partners
                                            Corporation, its general partner
 
                                          By:  /s/ W. Richard Bingham
                                             ----------------------------------
                                          Name: W. Richard Bingham
                                          Title: President, Treasurer and
                                           Assistant Secretary
 
                                       9
<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.
 
Date: September 30, 1997
 
                                          American Industrial Partners II,
                                           L.P.
 
                                          By: American Industrial Partners
                                            Corporation, its general partner
 
                                          By:  /s/ W. Richard Bingham
                                             ----------------------------------
                                          Name: W. Richard Bingham
                                          Title: President, Treasurer and
                                           Assistant Secretary
 
                                      10
<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.
 
Date: September 30, 1997
 
                                          American Industrial Partners
                                           Corporation
 
                                          By:  /s/ W. Richard Bingham
                                             ----------------------------------
                                          Name: W. Richard Bingham
                                          Title: President, Treasurer and
                                           Assistant Secretary
 
                                      11
<PAGE>
 
                               INDEX TO EXHIBITS
 
<TABLE>
<CAPTION>
 EXHIBIT
 NUMBER                                 EXHIBIT
 -------                                -------
 <C>     <S>
 (a)(10) Press Release jointly issued by the Purchaser, Parent and the Company
         dated September 24 1997.
</TABLE>
 

<PAGE>
 
                     [BUCYRUS ACQUISITION CORP. LETTERHEAD]

FOR IMMEDIATE RELEASE

        (SAN FRANCISCO, California)--September 24, 1997--American Industrial 
Partners Acquisition Company, LLC ("AIP"), Bucyrus Acquisition Corp. ("Bucyrus 
Acquisition") and Bucyrus International, Inc. ("Bucyrus") announced today that 
AIP and Bucyrus Acquisition have completed their tender offer for all of the 
outstanding shares of common stock (NASDAQ: BCYR) of Bucyrus at $18.00 net per 
share of common stock.

        The offer expired, as scheduled, at 12:00 midnight (EDT) on Tuesday, 
September 23, 1997.

        As of the termination of the offer, based on a preliminary count from 
the depositary, American Stock Transfer and Trust Company, approximately 
10,380,713 shares of Bucyrus common stock had been tendered and not withdrawn. 
Subject to the terms of the merger agreement among AIP, Bucyrus Acquisition and 
Bucyrus, shares of common stock not tendered will be converted into the right to
receive $18.00 net per share of common stock pursuant to a second-step merger 
between Bucyrus Acquisition and Bucyrus.

        Bucyrus is one of the world's leading manufacturers of large scale 
surface mining equipment and a provider of aftermarket parts and services.

        AIP and Bucyrus Acquisition were formed at the direction of American 
Industrial Partners Capital Fund II, L.P., a private investment limited 
partnership which makes equity investments in public and privately held 
companies located principally in the United States.

                                     # # #

Bucyrus International, Inc. Contact:    D. J. Smoke
                                        Vice President and Chief Financial
                                        Officer
                                        (414)768-5371

American Industrial Partners Contact:   Lawrence W. Ward, Jr.
                                        Principal
                                        (415)788-7354


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