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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Amendment No. 1
to
Schedule 14D-1
Tender Offer Statement
Pursuant to Section 14(d)(1) of
the Securities Exchange Act of 1934
Sigma Circuits, Inc.
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(Name of Subject Company)
Tyco International Ltd.
T10 Acquisition Corp.
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(Bidders)
Common Stock, par value $.001 per share
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(Title of class of securities)
82655910
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(CUSIP number of class of securities)
Mark H. Swartz, Executive Vice President
c/o Tyco International (US) Inc.
One Tyco Park
Exeter, New Hampshire 03833
(603) 778-9700
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(Name, address and telephone number of person authorized to
receive notices and communications on behalf of Bidders)
with a copy to:
Joshua M. Berman, Esq.
Kramer, Levin, Naftalis & Frankel
919 Third Avenue
New York, New York 10022
Telephone: (212) 715-9100
Page 1 of 5 pages
<PAGE>
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1 NAMES OF REPORTING PERSONS
TYCO INTERNATIONAL LTD.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|_| (a)
|_| (b)
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3 SEC USE ONLY
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4 SOURCES OF FUNDS
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(e) OR 2(f) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
BERMUDA
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7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
458,146 SEE ITEM 6 AND ITEM 7
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8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN
SHARES |_|
SEE ITEM 6 AND ITEM 7
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9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
10.8% SEE ITEM 6 AND ITEM 7
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10 TYPE OF REPORTING PERSON
CO
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<PAGE>
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
T10 ACQUISITION CORP.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|_| (a)
|_| (b)
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCES OF FUNDS
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(e) OR 2(f) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
458,146 SEE ITEM 6 AND ITEM 7
- --------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN
SHARES |_|
SEE ITEM 6 AND ITEM 7
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9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
10.8% SEE ITEM 6 AND ITEM 7
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10 TYPE OF REPORTING PERSON
CO
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<PAGE>
T10 Acquisition Corp., a Delaware corporation (the "Purchaser") and
an indirect wholly-owned subsidiary of Tyco International Ltd., a Bermuda
company ("Tyco"), and Tyco hereby amend their Tender Offer Statement on Schedule
14D-1 dated June 5, 1998 (the "Schedule 14D-1"), relating to the Purchaser's
offer to purchase all the outstanding shares of Common Stock, par value $.001
per share (the "Shares"), of Sigma Circuits, Inc., a Delaware corporation (the
"Company"). Unless otherwise defined herein, capitalized terms used herein shall
have the meanings set forth in the Schedule 14D-1.
Item 3. PAST CONTACTS, TRANSACTIONS OR NEGOTIATIONS WITH THE SUBJECT COMPANY;
Item 7. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
THE SUBJECT COMPANY'S SECURITIES; and Item 10. ADDITIONAL INFORMATION.
Items 3, 7 and 10(a) are hereby amended to add the following:
"The following information concerning the Company was furnished by the
Company concerning the Company's estimated results of operations for its fourth
fiscal quarter ending June 27, 1998. Neither the Purchaser nor Tyco takes any
responsibility for the accuracy or completeness of the following information or
for the failure of the Company to disclose events or information which may have
occurred or may effect the significance or accuracy of any such information but
which are unknown to the Purchaser or Tyco.
The Company estimates that revenues for its fourth fiscal quarter ending
June 27, 1998 are expected to be between $21 and $22 million, with corresponding
diluted earnings per share of approximately $0.19. Each of theses estimates is
below the expectations of financial analysts."
Item 10. ADDITIONAL INFORMATION.
Item 10(f) is hereby amended to add the following:
"Notwithstanding anything to the contrary contained in Section 1 ("Terms
of the Offer; Extension, Termination; Amendments"), Section 4 ("Acceptance for
Payment and Payment of Offer Price"), Section 15 ("Certain Conditions of the
Offer") or any other section of the Offer to Purchase, the Purchaser shall not
be required to pay for the Shares and may terminate or amend the Offer only if,
prior to the Expiration Date, any of the conditions referred to in Section 15
have not been satisfied or waived any of the events specified in Section 15 have
occurred."
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<PAGE>
SIGNATURE
After due inquiry and to the best of the undersigned's knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: July 1, 1998
TYCO INTERNATIONAL LTD.
By: /s/ Mark H. Swartz
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Name: Mark H. Swartz
Title: Executive Vice President and
Chief Financial Officer
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<PAGE>
SIGNATURE
After due inquiry and to the best of the undersigned's knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: July 1, 1998
T10 ACQUISITION CORP.
By: /s/ Mark H. Swartz
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Name: Mark H. Swartz
Title: Vice President
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