INVACARE CORP
SC 14D1/A, 1997-05-01
ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
 
                            ------------------------
 
                                AMENDMENT NO. 13
                                       TO
                                 SCHEDULE 14D-1
                             TENDER OFFER STATEMENT
     (PURSUANT TO SECTION 14(D)(1) OF THE SECURITIES EXCHANGE ACT OF 1934)
 
                         HEALTHDYNE TECHNOLOGIES, INC.
                           (Name of Subject Company)
 
                                  I.H.H. CORP.
                              INVACARE CORPORATION
                                   (Bidders)
 
                            ------------------------
 
                    COMMON STOCK, PAR VALUE $0.01 PER SHARE
                         (Title of Class of Securities)
 
                                    18139610
                     (CUSIP Number of Class of Securities)
 
                            ------------------------
 
                            THOMAS R. MIKLICH, ESQ.
  CHIEF FINANCIAL OFFICER, GENERAL COUNSEL, TREASURER AND CORPORATE SECRETARY
                              INVACARE CORPORATION
                              899 CLEVELAND STREET
                               ELYRIA, OHIO 44035
 
                           TELEPHONE: (216) 329-6000
                 (Name, Address and Telephone Number of Person
     Authorized to Receive Notices and Communications on Behalf of Bidders)
 
                            ------------------------
 
                                    COPY TO:
                             ROBERT E. SPATT, ESQ.
                           SIMPSON THACHER & BARTLETT
                              425 LEXINGTON AVENUE
                         NEW YORK, NEW YORK 10017-3954
                           TELEPHONE: (212) 455-2000
 
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<PAGE>
    This Amendment No. 12 amends and supplements the Tender Offer Statement on
Schedule 14D-1 filed on January 27, 1997 (as amended, the Schedule 14D-1)
relating to the offer by I.H.H. Corp., a Delaware corporation (the "Purchaser")
and a wholly owned subsidiary of Invacare Corporation, an Ohio corporation (the
"Parent"), to purchase all of the outstanding shares of Common Stock, par value
$0.01 per share (the "Shares"), of Healthdyne Technologies, Inc., a Georgia
corporation (the "Company"), and (unless and until the Purchaser declares that
the Rights Condition as defined in the Offer to Purchase referred to below is
satisfied) the associated Preferred Stock Purchase Rights (the "Rights") issued
pursuant to the Rights Agreement, dated as of May 22, 1995, as amended, between
the Company and SunTrust Bank, Atlanta (formerly Trust Company Bank), as Rights
Agent, at a purchase price of $13.50 per Share (and associated Right), net to
the seller in cash, without interest thereon, upon the terms and subject to the
conditions set forth in the Offer to Purchase dated January 27, 1997 (the "Offer
to Purchase"), as amended and supplemented by the Supplement thereto dated April
4, 1997 (the "Supplement"), and in the revised Letter of Transmittal (which,
together with any other amendments or supplements thereto, constitute the
"Offer").
 
    The Schedule 14D-1 is hereby amended and supplemented as follows:
 
ITEM 11.  MATERIAL TO BE FILED AS EXHIBITS.
 
<TABLE>
<S>           <C>
(g)(8)        Annual Meeting Consent Order entered by the Court on April 28, 1997.
</TABLE>
 
                                       2
<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.
 
                                INVACARE CORPORATION
 
                                By:            /s/ THOMAS R. MIKLICH
                                     -----------------------------------------
                                     Name: Thomas R. Miklich
                                     Title:  Chief Financial Officer
 
                                I.H.H. CORP.
 
                                By:            /s/ THOMAS R. MIKLICH
                                     -----------------------------------------
                                     Name: Thomas R. Miklich
                                     Title:  President
 
Date: May 1, 1997
<PAGE>
                                 EXHIBIT INDEX
 
<TABLE>
<CAPTION>
  EXHIBIT                                                                                                       PAGE
    NO.                                               DESCRIPTION                                                NO.
- -----------  ----------------------------------------------------------------------------------------------     -----
 
<S>          <C>                                                                                             <C>
11(g)(8)     Annual Meeting Consent Order entered by the Court on April 28, 1997.
</TABLE>

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                             UNITED STATES DISTRICT COURT
                             NORTHERN DISTRICT OF GEORGIA
                                   ATLANTA DIVISION
                                           
- ---------------------------------
INVACARE CORPORATION, et al.,    )
                      -----      )
               Plaintiffs,       )
         v.                      ) CIVIL ACTION NO: 1:97-CV-0205-CC
                                 )      
HEALTHDYNE TECHNOLOGIES, INC.,   )
et al.,                          )
- -----                            )
              Defendants.        )
- ---------------------------------

    

                        CONSENT ORDER ON PLAINTIFFS' MOTION
                       FOR A PRELIMINARY INJUNCTION REGARDING
                          THE ANNUAL SHAREHOLDERS MEETING

    WHEREAS, plaintiffs have filed a motion for a preliminary injunction
seeking to require defendant Healthdyne Technologies, Inc. ("Healthdyne") to
hold its annual shareholders meeting on or before June 30, 1997; and

    WHEREAS, plaintiffs contend that Georgia law, Healthdyne's bylaws, and the
director defendants' fiduciary duties require that the annual meeting be
scheduled on or before June 30, 1997; and

    WHEREAS, defendants have scheduled the annual shareholders' meeting for
July 30, 1997, have set June 23, 1997 as the record date for said meeting, and
contend that they have valid reasons for doing so and that they are permitted to
do so both by the Georgia Business Corporation Code and their fiduciary duties;
and

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    WHEREAS, the parties desire to resolve this dispute about the annual
meeting by agreement in order to avoid the time, expense, and uncertainty of
litigation, and desire to fix a date for the annual shareholders' meeting, but
without prejudice to the positions of either the plaintiffs or the defendants;
and

    WHEREAS, it appears to the Court that the parties have consented to and
requested the entry of this Order,           


    IT IS HEREBY ORDERED that the defendants shall hold Healthdyne's annual 
shareholders' meeting on July 30, 1997; provided, however, that if plaintiffs 
change the offer price or form of consideration in their tender offer for the 
shares of Healthdyne within fifteen (15) calendar days of the meeting date, 
then defendants may postpone the meeting to a date not later than fifteen (15) 
calendar days from the latest date of any such change, unless a postponement 
would require setting a new record date under O.C.G.A. Section 14-2-707(b), 
in which case defendants may not postpone such meeting, but may instead 
adjourn the meeting to a date not later than fifteen (15) calendar days
from the latest date of any such change.  Solely in the situation where an
adjournment, instead of a postponement, is necessary under the terms of this
Order to preserve the record date, plaintiffs will vote their shares and their
proxies in favor of such an adjournment.  IT IS FURTHER ORDERED that the
record date for said meeting and any such postponed or adjourned meeting shall
remain June 23, 1997 and that defendants shall take or cause to be taken all


<PAGE>

steps necessary to hold the meeting in accordance with the terms of this
Order.  Any party may petition the Court for relief from this Order.  Upon
entry of this order, the plaintiffs' motion for a preliminary injunction
regarding the annual shareholders' meeting is withdrawn.


<PAGE>

Date:    April 28, 1997                 /s/ Clarence Cooper
                                       ------------------------------------
                                       Clarence Cooper, Judge
                                       United State District Court
                                       for the Northern District of Georgia

CONSENTED TO AND PRESENTED BY:

KING & SPALDING                        TROUTMAN SANDERS LLP
/s/  M. Robert Thornton                 /s/ John M. Bowler
- -------------------------------        ------------------------------------
M. Robert Thornton                     Winifred D. Simpson
Georgia Bar No. 710475                 Georgia Bar No. 648275
Michael R. Smith                       John M. Bowler
Georgia Bar No. 661689                 Georgia Bar No. 071770
David J. Onorato                       NationsBank Plaza
Georgia Bar No.  553826                600 Peachtree Street, N.E.
191 Peachtree Street, N.E.             Suite 5200
Atlanta, Georgia  30303                Atlanta, Georgia  30308-2216
Telephone: (404) 572-4600              Telephone: (404) 885-3000
Facsimile: (404) 572-5100              Facsimile: (404) 885-3900
Attorneys for Plaintiffs               Attorneys for Defendants



OF COUNSEL:                            OF COUNSEL:

SIMPSON THACHER & BARTLETT             SKADDEN, ARPS, SLATE, MEAGHER &
425 Lexington Avenue                   FLOM (DELAWARE)
New York, New York  10017              P.O. Box 636
(212) 455-2000                         Wilmington, Delaware  19899
                                       (302) 651-3000
                                       







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