<PAGE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
----------------
AMENDMENT NO. 3
(FINAL AMENDMENT)
TO SCHEDULE 14D-1
TENDER OFFER STATEMENT PURSUANT TO SECTION
14(D)(1) OF THE SECURITIES EXCHANGE ACT OF 1934
AND
SCHEDULE 13D
UNDER THE SECURITIES ACT OF 1934
----------------
PEERLESS INDUSTRIAL GROUP, INC.
(NAME OF SUBJECT COMPANY)
R-B ACQUISITION CORPORATION
R-B CAPITAL CORPORATION
RIDGE CAPITAL CORPORATION
WILLIAM BLAIR MEZZANINE CAPITAL FUND II, L.P.
PANDORA CAPITAL CORPORATION
HARRINGTON BISCHOF
J. BRADLEY DAVIS
(BIDDERS)
COMMON STOCK, NO PAR VALUE PER SHARE AND CLASS B COMMON STOCK, NO PAR VALUE PER
SHARE
(TITLE OF CLASS OF SECURITIES)
254680-10-1
(CUSIP NUMBER OF CLASS OF SECURITIES)
HARRINGTON BISCHOF
R-B ACQUISITION CORPORATION
257 EAST MAIN STREET
BARRINGTON, ILLINOIS 60010
(847) 381-2510
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE
NOTICES AND COMMUNICATIONS ON BEHALF OF BIDDER)
----------------
COPY TO:
RICHARD S. MILLARD, ESQ.
MAYER, BROWN & PLATT
190 SOUTH LASALLE STREET
CHICAGO, ILLINOIS 60603
(312) 782-0600
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- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 14D-1 AND 13D
Page 1 of 7 Pages
CUSIP NO. 254680-10-1
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS: R-B ACQUISITION CORPORATION
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(A) [X]
(B) [_]
- -------------------------------------------------------------------------------
3 SEC USE ONLY:
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS):
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:
MINNESOTA
- -------------------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
4,864,882 SHARES OF COMMON STOCK AND 1,227,273 SHARES OF CLASS B COMMON
STOCK*
- -------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS):
[_]
- -------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED TO AMOUNT IN ROW (7):
96.4% OF COMMON STOCK AND 100% OF CLASS B COMMON STOCK*
- -------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON*:
CO, GM
- -------------------------------------------------------------------------------
- --------
* On April 11, 1997, R-B Acquisition Corporation, a Minnesota corporation
(the "Purchaser"), R-B Capital Corporation, a Delaware corporation (the
"Parent") and certain shareholders of Peerless Industrial Group, Inc., a
Minnesota corporation (the "Company") entered into a Tender and Stock
Option Agreement (the "Tender Agreement") pursuant to which such
shareholders agreed (i) to tender to Purchaser in the Offer described
herein all shares of the Company's common stock, no par value per share and
Class B Common Stock no par value per share (collectively, the "Shares")
owned or hereafter acquired by them, at a price of $1.67 per share, and
(ii) granted to Purchaser an option (the "Stock Option") to purchase, under
certain circumstances, at a price of $1.67 per share, Shares in an
aggregate amount equal to 19.9% of the Company's aggregate outstanding
Shares. The Tender Agreement is more fully described in Section 11 of the
Offer to Purchase, which is attached hereto as Exhibit (a)(1). Prior to
April 11, 1997, neither the Purchaser nor any of its affiliates
beneficially owned any Shares. As of May 16, 1997, the Purchaser accepted
all Shares validly tendered pursuant to the Offer, such Shares representing
approximately 97.1% of the outstanding Shares.
2
<PAGE>
SCHEDULE 14D-1 AND 13D
Page 2 of 7 Pages
CUSIP NO. 254680-10-1
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS: R-B CAPITAL CORPORATION
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(A) [X]
(B) [_]
- -------------------------------------------------------------------------------
3 SEC USE ONLY:
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS):
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:
4,864,882 SHARES OF COMMON STOCK AND 1,227,273 SHARES OF CLASS B COMMON
STOCK*
- -------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS):
[_]
- -------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED TO AMOUNT IN ROW (7):
96.4% OF COMMON STOCK AND 100% OF CLASS B COMMON STOCK*
- -------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON*:
CO, GM, HC
- -------------------------------------------------------------------------------
- --------
* On April 11, 1997, R-B Acquisition Corporation, a Minnesota corporation
(the "Purchaser"), R-B Capital Corporation, a Delaware corporation (the
"Parent") and certain shareholders of Peerless Industrial Group, Inc., a
Minnesota corporation (the "Company") entered into a Tender and Stock
Option Agreement (the "Tender Agreement") pursuant to which such
shareholders agreed (i) to tender to Purchaser in the Offer described
herein all shares of the Company's common stock, no par value per share and
Class B Common Stock no par value per share (collectively, the "Shares")
owned or hereafter acquired by them, at a price of $1.67 per share, and
(ii) granted to Purchaser an option (the "Stock Option") to purchase, under
certain circumstances, at a price of $1.67 per share, Shares in an
aggregate amount equal to 19.9% of the Company's aggregate outstanding
Shares. The Tender Agreement is more fully described in Section 11 of the
Offer to Purchase, which is attached hereto as Exhibit (a)(1). Prior to
April 11, 1997, neither the Purchaser nor any of its affiliates
beneficially owned any Shares. As of May 16, 1997, the Purchaser accepted
all Shares validly tendered pursuant to the Offer, such Shares representing
approximately 97.1% of the outstanding Shares.
3
<PAGE>
SCHEDULE 14D-1 AND 13D
Page 3 of 7 Pages
CUSIP NO. 254680-10-1
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS: RIDGE CAPITAL CORPORATION
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(A)[X]
(B) [_]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS):
WC
- -------------------------------------------------------------------------------
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:
4,864,882 SHARES OF COMMON STOCK AND 1,227,273 SHARES OF CLASS B COMMON
STOCK*
- -------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS):
[_]
- -------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7):
96.4% OF COMMON STOCK AND 100% OF CLASS B COMMON STOCK*
- -------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
CO, GM
- -------------------------------------------------------------------------------
- --------
* On April 11, 1997, R-B Acquisition Corporation, a Minnesota corporation (the
"Purchaser"), R-B Capital Corporation, a Delaware corporation (the
"Parent") and certain shareholders of Peerless Industrial Group, Inc., a
Minnesota corporation (the "Company") entered into a Tender and Stock
Option Agreement (the "Tender Agreement") pursuant to which such
shareholders agreed (i) to tender to Purchaser in the Offer described
herein all shares of the Company's common stock, no par value per share and
Class B Common Stock no par value per share (collectively, the "Shares")
owned or hereafter acquired by them, at a price of $1.67 per share, and
(ii) granted to Purchaser an option (the "Stock Option") to purchase, under
certain circumstances, at a price of $1.67 per share, Shares in an
aggregate amount equal to 19.9% of the Company's aggregate outstanding
Shares. The Tender Agreement is more fully described in Section 11 of the
Offer to Purchase, which is attached hereto as Exhibit (a)(1). Prior to
April 11, 1997, neither the Purchaser nor any of its affiliates
beneficially owned any Shares. As of May 16, 1997, the Purchaser accepted
all Shares validly tendered pursuant to the Offer, such Shares representing
approximately 97.1% of the outstanding Shares.
4
<PAGE>
SCHEDULE 14D-1 AND 13D
Page 4 of 7 Pages
CUSIP NO. 254680-10-1
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS: PANDORA CAPITAL CORPORATION
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(A)[X]
(B) [_]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS):
WC
- -------------------------------------------------------------------------------
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:
4,864,882 SHARES OF COMMON STOCK AND 1,227,273 SHARES OF CLASS B COMMON
STOCK*
- -------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS):
[_]
- -------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED TO AMOUNT IN ROW (7):
96.4% OF COMMON STOCK AND 100% OF CLASS B COMMON STOCK*
- -------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
CO, GM
- -------------------------------------------------------------------------------
- --------
* On April 11, 1997, R-B Acquisition Corporation, a Minnesota corporation (the
"Purchaser"), R-B Capital Corporation, a Delaware corporation (the
"Parent") and certain shareholders of Peerless Industrial Group, Inc., a
Minnesota corporation (the "Company") entered into a Tender and Stock
Option Agreement (the "Tender Agreement") pursuant to which such
shareholders agreed (i) to tender to Purchaser in the Offer described
herein all shares of the Company's common stock, no par value per share and
Class B Common Stock no par value per share (collectively, the "Shares")
owned or hereafter acquired by them, at a price of $1.67 per share, and
(ii) granted to Purchaser an option (the "Stock Option") to purchase, under
certain circumstances, at a price of $1.67 per share, Shares in an
aggregate amount equal to 19.9% of the Company's aggregate outstanding
Shares. The Tender Agreement is more fully described in Section 11 of the
Offer to Purchase, which is attached hereto as Exhibit (a)(1). Prior to
April 11, 1997, neither the Purchaser nor any of its affiliates
beneficially owned any Shares. As of May 16, 1997, the Purchaser accepted
all Shares validly tendered pursuant to the Offer, such Shares representing
approximately 97.1% of the outstanding Shares.
5
<PAGE>
SCHEDULE 14D-1 AND 13D
Page 5 of 7 Pages
CUSIP NO. 254680-10-1
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS: WILLIAM BLAIR MEZZANINE CAPITAL FUND II, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(A) [X]
(B) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY:
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS):
WC
- --------------------------------------------------------------------------------
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:
4,864,882 SHARES OF COMMON STOCK AND 1,227,273 SHARES OF CLASS B COMMON
STOCK*
- --------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS):
[_]
- --------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED TO AMOUNT IN ROW (7):
96.4% OF COMMON STOCK AND 100% OF CLASS B COMMON STOCK*
- --------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON*:
PN, GM
- --------------------------------------------------------------------------------
- --------
* On April 11, 1997, R-B Acquisition Corporation, a Minnesota corporation (the
"Purchaser"), R-B Capital Corporation, a Delaware corporation (the "Parent")
and certain shareholders of Peerless Industrial Group, Inc., a Minnesota
corporation (the "Company") entered into a Tender and Stock Option Agreement
(the "Tender Agreement") pursuant to which such shareholders agreed (i) to
tender to Purchaser in the Offer described herein all shares of the
Company's common stock, no par value per share and Class B Common Stock no
par value per share (collectively, the "Shares") owned or hereafter acquired
by them, at a price of $1.67 per share, and (ii) granted to Purchaser an
option (the "Stock Option") to purchase, under certain circumstances, at a
price of $1.67 per share, Shares in an aggregate amount equal to 19.9% of
the Company's aggregate outstanding Shares. The Tender Agreement is more
fully described in Section 11 of the Offer to Purchase, which is attached
hereto as Exhibit (a)(1). Prior to April 11, 1997, neither the Purchaser nor
any of its affiliates beneficially owned any Shares. As of May 16, 1997, the
Purchaser accepted all Shares validly tendered pursuant to the Offer, such
Shares representing approximately 97.1% of the outstanding Shares.
6
<PAGE>
SCHEDULE 14D-1 AND 13D
Page 6 of 7 Pages
CUSIP NO. 254680-10-1
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS: HARRINGTON BISCHOF
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(A) [X]
(B) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY:
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS):
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:
UNITED STATES
- --------------------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
4,864,882 SHARES OF COMMON STOCK AND 1,227,273 SHARES OF CLASS B COMMON
STOCK*
- --------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS):
[_]
- --------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED TO AMOUNT IN ROW (7):
96.4% OF COMMON STOCK AND 100% OF CLASS B COMMON STOCK*
- --------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON*:
IN, GM
- --------------------------------------------------------------------------------
- --------
* On April 11, 1997, R-B Acquisition Corporation, a Minnesota corporation (the
"Purchaser"), R-B Capital Corporation, a Delaware corporation (the "Parent")
and certain shareholders of Peerless Industrial Group, Inc., a Minnesota
corporation (the "Company") entered into a Tender and Stock Option Agreement
(the "Tender Agreement") pursuant to which such shareholders agreed (i) to
tender to Purchaser in the Offer described herein all shares of the
Company's common stock, no par value per share and Class B Common Stock no
par value per share (collectively, the "Shares") owned or hereafter acquired
by them, at a price of $1.67 per share, and (ii) granted to Purchaser an
option (the "Stock Option") to purchase, under certain circumstances, at a
price of $1.67 per share, Shares in an aggregate amount equal to 19.9% of
the Company's aggregate outstanding Shares. The Tender Agreement is more
fully described in Section 11 of the Offer to Purchase, which is attached
hereto as Exhibit (a)(1). Prior to April 11, 1997, neither the Purchaser nor
any of its affiliates beneficially owned any Shares. As of May 16, 1997, the
Purchaser accepted all Shares validly tendered pursuant to the Offer, such
Shares representing approximately 97.1% of the outstanding Shares.
7
<PAGE>
SCHEDULE 14D-1 AND 13D
Page 7 of 7 Pages
CUSIP NO. 254680-10-1
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS: J. BRADLEY DAVIS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(A) [X]
(B) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY:
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS):
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:
UNITED STATES
- --------------------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
4,864,882 SHARES OF COMMON STOCK AND 1,227,273 SHARES OF CLASS B COMMON
STOCK*
- --------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS):
[_]
- --------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED TO AMOUNT IN ROW (7):
96.4% OF COMMON STOCK AND 100% OF CLASS B COMMON STOCK*
- --------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON*:
IN, GM
- --------------------------------------------------------------------------------
- --------
* On April 11, 1997, R-B Acquisition Corporation, a Minnesota corporation (the
"Purchaser"), R-B Capital Corporation, a Delaware corporation (the "Parent")
and certain shareholders of Peerless Industrial Group, Inc., a Minnesota
corporation (the "Company") entered into a Tender and Stock Option Agreement
(the "Tender Agreement") pursuant to which such shareholders agreed (i) to
tender to Purchaser in the Offer described herein all shares of the
Company's common stock, no par value per share and Class B Common Stock no
par value per share (collectively, the "Shares") owned or hereafter acquired
by them, at a price of $1.67 per share, and (ii) granted to Purchaser an
option (the "Stock Option") to purchase, under certain circumstances, at a
price of $1.67 per share, Shares in an aggregate amount equal to 19.9% of
the Company's aggregate outstanding Shares. The Tender Agreement is more
fully described in Section 11 of the Offer to Purchase, which is attached
hereto as Exhibit (a)(1). Prior to April 11, 1997, neither the Purchaser nor
any of its affiliates beneficially owned any Shares. As of May 16, 1997, the
Purchaser accepted all Shares validly tendered pursuant to the Offer, such
Shares representing approximately 97.1% of the outstanding Shares.
8
<PAGE>
This Amendment No. 3 supplements and amends, and constitutes the final
amendment to, the Tender Offer Statement on Schedule 14-D-1, as amended to
date (the "Schedule 14D-1"), relating to a tender offer by R-B Acquisition
Corporation, a Minnesota corporation and a wholly owned subsidiary of R-B
Capital Corporation, a Delaware corporation, to purchase all outstanding
shares of Common Stock, no par value, and the Class B Common Stock, no par
value, of Peerless Industrial Group, Inc., a Minnesota corporation. This
Amendment No. 3 also amends the Schedule 14D-1 to constitute a Statement on
Schedule 13D with respect to the purchase of Shares in the Offer.
ITEM 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY
Item 6 of the Schedule 14D-1 is hereby amended to add the following
information:
Following the expiration of the Offer at 12:00 midnight, New York City time,
on May 15, 1997, the Purchaser accepted for payment all Shares validly
tendered pursuant to the Offer and not withdrawn. The Purchaser has been
informed by the Depositary that 6,092,155 Shares (including 275,186 Shares
tendered pursuant to guaranteed delivery procedures), representing
approximately 97.1% of the outstanding Shares, were validly tendered and not
withdrawn. A copy of the press release issued on May 16, 1997 with respect to
the foregoing is attached as Exhibit (a) hereto and is incorporated herein by
reference.
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
Item 11 of the Scheduled 14D-1 is hereby amended and supplemented by adding
the following:
(a)(9) Press release issued by the Purchaser on May 16, 1997.
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.
Dated: May 21, 1997
R-B Acquisition Corporation
/s/ Harrington Bischof
-------------------------------------
Name: Harrington Bischof
Title: President
R-B Capital Corporation
/s/ Harrington Bischof
-------------------------------------
Name: Harrington Bischof
Title: President
Ridge Capital Corporation
/s/ J. Bradley Davis
-------------------------------------
Name: J. Bradley Davis
Title: President
Pandora Capital Corporation
/s/ Harrington Bischof
-------------------------------------
Name: Harrington Bischof
Title: President
William Blair Mezzanine Capital Fund
II, L.P.
By: William Blair Mezzanine Capital
Partners II, L.L.C., its general
partner
By: /s/ Terrance M. Shipp
-----------------------------------
Name: Terrance M. Shipp
Title: Managing Director
Harrington Bischof
By: /s/ Harrington Bischof
-----------------------------------
J. Bradley Davis
By: /s/ J. Bradley Davis
-----------------------------------
10
<PAGE>
EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT
NO. DESCRIPTION
------- -----------
<C> <S>
*(a)(1) Offer to Purchase, dated April 17, 1997.
*(2) Letter of Transmittal.
*(3) Letter, dated April 17, 1997, from the Information Agent to
brokers, dealers, commercial banks, trust companies and
nominees.
*(4) Letter, dated April 17, 1997, to be sent by brokers, dealers,
commercial banks, trust companies and nominees to their
clients.
*(5) Notice of Guaranteed Delivery.
*(6) IRS Guidelines to Substitute Form W-9.
*(7) Press Release, dated April 14, 1997.
*(8) Summary newspaper advertisement, dated April 17, 1997.
(9) Press Release, dated May 16, 1997.
*(b) Form of Senior Subordinated Loan Agreement between the Parent
and William Blair Mezzanine Capital Fund II, L.P.
*(c)(1) Confidentiality and Non Disclosure Agreement, dated October 30,
1996, between Pandora Capital Corporation and the Company.
*(c)(2) Agreement and Plan of Merger, dated as of April 11, 1997, among
the Parent, the Purchaser and the Company.
*(c)(3) Tender and Stock Option Agreement, dated as of April 11, 1997,
among the Parent, the Purchaser and various shareholders of the
Company.
*(c)(4) Form of Consulting Agreement among The Company, Peerless Chain
Company and William Spell.
(d) Not applicable.
(e) Not applicable.
(f) Not applicable.
</TABLE>
- --------
* Previously filed.
11
<PAGE>
For Immediate Release
---------------------
Harrington Bischof
R-B Capital Corporation
(847) 381-2510
R-B CAPITAL ACQUIRES CONTROL OF PEERLESS INDUSTRIAL GROUP, INC.
- ---------------------------------------------------------------
BARRINGTON, Ill., May 16, 1997 -- R-B Capital Corporation announced today
that it has acquired control of Peerless Industrial Group, Inc. R-B Capital's
cash tender offer to purchase all of the outstanding common stock of Peerless
expired as scheduled at midnight, Eastern Standard Time, on Thursday, May 15,
1997. The tender offer has not been extended.
A total of 6,092,155 shares of Peerless Common Stock and Class B Common
Stock (including shares subject to guaranteed delivery procedures) were validly
tendered and not withdrawn prior to the expiration of the offer. R-B Capital
has accepted all of these shares for payment. These shares represent
approximately 97.1 percent of Peerless' outstanding shares.
As the final step of the acquisition process, Peerless will be merged with
a wholly owned subsidiary of R-B Capital. Since R-B Capital owns more than 90%
of the outstanding stock of Peerless, this will be accomplished by a short-form
merger without a meeting of the other Peerless shareholders.
Under the terms of R-B Capital's April 11, 1997 definitive Merger Agreement
with Peerless, R-B Capital will pay in the Merger $1.67 per share for each of
the shares of Peerless that were not purchased in the tender offer.
# # #
