----------------------------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
----------------------------------
SCHEDULE 14D-1
Tender Offer Statement
Pursuant to Section 14(d)(1) of the Securities Exchange Act of 1934
(Amendment No. 3)
THE ENERGY GROUP PLC
(Name of Subject Company)
PACIFICORP ACQUISITIONS
PACIFICORP
(Bidders)
Ordinary Shares of 10p Each and
American Depositary Shares, Each Representing 4 Ordinary Shares
and Evidenced by American Depositary Receipts
(Title of Class of Securities)
292691 10 2
(CUSIP Number of Class of Securities)
Richard T. O'Brien
PacifiCorp
Port of Portland Building, Suite 1600
700 NE Multnomah
Portland, Oregon 97232
(503) 731-2000
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications on Behalf of Bidder)
Copy to:
Stuart W. Chestler
Stoel Rives LLP
900 SW Fifth Avenue, Suite 2300
Portland, Oregon 97204-1268
(503) 294-9500
<PAGE>
14D-1
- --------------------------------------------------------------------------------
1. Name of reporting person
PacifiCorp Acquisitions
- --------------------------------------------------------------------------------
2. Check the appropriate box if a member of a group (a) ___
(b) ___
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Sources of Funds
AF, BK
- --------------------------------------------------------------------------------
5. Check box if disclosure of legal proceedings is required pursuant
to Items 2(e) OR 2(f) ___
- --------------------------------------------------------------------------------
6. Citizenship or place of organization
England and Wales
- --------------------------------------------------------------------------------
7. Aggregate amount beneficially owned by each reporting person
None (0)
- --------------------------------------------------------------------------------
8. Check box if the aggregate amount in row (7) excludes certain shares
___
- --------------------------------------------------------------------------------
9. Percent of class represented by amount in row (7)
None (0)
- --------------------------------------------------------------------------------
10. Type of reporting person
CO
- --------------------------------------------------------------------------------
2
<PAGE>
14D-1
- --------------------------------------------------------------------------------
1. Name of reporting person
PacifiCorp
- --------------------------------------------------------------------------------
2. Check the appropriate box if a member of a group (a) ___
(b) ___
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Sources of Funds
BK
- --------------------------------------------------------------------------------
5. Check box if disclosure of legal proceedings is required pursuant
to Items 2(e) OR 2(f) ___
- --------------------------------------------------------------------------------
6. Citizenship or place of organization
Oregon
- --------------------------------------------------------------------------------
7. Aggregate amount beneficially owned by each reporting person
None (0)
- --------------------------------------------------------------------------------
8. Check box if the aggregate amount in row (7) excludes certain shares
___
- --------------------------------------------------------------------------------
9. Percent of class represented by amount in row (7)
None (0)
- --------------------------------------------------------------------------------
10. Type of reporting person
CO
- --------------------------------------------------------------------------------
3
<PAGE>
PacifiCorp Acquisitions and PacifiCorp hereby amend and supplement their
Tender Offer Statement on Schedule 14D-1 (the "Statement"), originally filed on
June 30, 1997, with respect to their offer to purchase all outstanding Ordinary
Shares of 10p each and American Depositary Shares, each representing 4 Ordinary
Shares and evidenced by American Depositary Receipts, of The Energy Group PLC, a
public limited company organized under the laws of England and Wales, as set
forth in this Amendment No. 3. Capitalized terms not defined herein have the
meanings assigned thereto in the Statement.
Item 10. Additional Information.
(f) On July 30, 1997, PacifiCorp issued two press releases, copies of which
are attached hereto as Exhibits (a)(14) and (a)(15) and are incorporated herein
by reference.
Item 11. Material to Be Filed as Exhibits.
(a)(14) Press Release issued in the U.S., dated July 30, 1997.
(a)(15) Press Release issued in the U.K., dated July 30, 1997.
4
<PAGE>
SIGNATURES
After due inquiry and to the best of their knowledge and belief, each of
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Dated: July 30, 1997
PACIFICORP ACQUISITIONS
By W.E. PERESSINI
-------------------------------------------
Print Name W.E. Peressini
--------------------------------
Title Deputy Chief Financial Officer
-------------------------------------
PACIFICORP
By W.E. PERESSINI
-------------------------------------------
Print Name W.E. Peressini
--------------------------------
Title Vice President and Treasurer
-------------------------------------
5
<PAGE>
EXHIBIT INDEX
EXHIBIT NUMBER DESCRIPTION OF DOCUMENT
- -------------- -----------------------
(a)(14) Press Release issued in the U.S., dated July 30, 1997
(a)(15) Press Release issued in the U.K., dated July 30, 1997
6
Exhibit (a)(14)
- --------------------------------------------------------------------------------
PacifiCorp NEWS RELEASE
- --------------------------------------------------------------------------------
FOR FURTHER INFORMATION CONTACT:
Scott Hibbs, for investors, (503) 731-2123
Angela Hult, for investors, (503) 731-2192
Dave Mead, for media, (503) 464-6161
July 30, 1997
PacifiCorp Offer for The Energy Group Remains Open Until August 12
PORTLAND, Oregon -- PacifiCorp (NYSE: PPW) announced today that its cash
tender offer for The Energy Group PLC (NYSE/LSE: TEG) will remain open until 10
a.m. (EDT), August 12, 1997.
Valid acceptances of the offer had been received in respect of 243,793,029
Energy Group shares and 19,329,471 Energy Group ADSs, representing 61.64 percent
of the issued share capital of The Energy Group, by 10 a.m. (EDT) Tuesday, which
was the original expiration date of the offer. (Each Energy Group ADS represents
four Energy Group shares.)
At PacifiCorp's discretion, the offer may be further extended to August 29,
1997, and longer with the consent of regulatory authorities in the United
Kingdom.
The cash offer, recommended by The Energy Group Board of Directors, was
made by Goldman Sachs International on behalf of PacifiCorp Acquisitions, a
wholly owned subsidiary of PacifiCorp.
The recommended cash offer is for 690 pence for Energy Group share or 27.60
pounds per Energy Group ADS.
###
Exhibit (a)(15)
PACIFICORP
GOLDMAN SACHS INTERNATIONAL
FOR IMMEDIATE RELEASE
30 JULY 1997
RECOMMENDED CASH OFFER BY PACIFICORP ACQUISITIONS FOR THE ENERGY GROUP PLC
PacifiCorp announces that the recommended cash offer for The Energy Group PLC
("The Energy Group") made by Goldman Sachs International on behalf of PacifiCorp
Acquisitions, a wholly owned subsidiary of PacifiCorp, including the Loan Note
Alternative ("the Offer"), as set out in its Offer Document dated 30 June 1997,
will remain open until 3.00pm (London time), 10.00am (New York City time) on 12
August 1997.
As at 3.00pm (London time), 10.00am (New York City time) on 29 July 1997, being
the first closing date of the Offer, valid acceptances of the Offer had been
received in respect of 243,793,029 Energy Group Shares and 19,326,471 Energy
Group ADSs (each Energy Group ADS representing four Energy Group Shares),
representing 321,098,913 Energy Group Shares or 61.6 per cent of the issued
share capital of The Energy Group.
Of the acceptances processed to date, elections for the Loan Note Alternative
have been received in respect of 8,149,222 Energy Group Shares, representing
approximately 1.6 per cent of the issued share capital of The Energy Group.
Prior to the commencement of the offer period on 10 June 1997, PacifiCorp
Acquisitions, including all persons acting in concert with PacifiCorp
Acquisitions, owned, or had rights over 7,439,820 Energy Group Shares including
those Energy Group Shares represented by Energy Group ADSs. Since that date,
neither PacifiCorp Acquisitions nor any person acting in concert with it has
acquired any further Energy Group Shares or Energy Group ADSs, or rights over
such securities except that PacifiCorp Retirement Plan has acquired a further
22,300 shares.
Consequently, PacifiCorp Acquisitions owns, has rights over or has received
valid acceptances in respect of 328,561,033 Energy Group Shares including those
Energy Group Shares represented by energy Group ADSs, representing 63.1 per cent
of the issued share capital of The Energy Group.
Enquiries
PACIFICORP-PACIFICORP ACQUISITIONS
Scott Hibbs 1 503 731 2123
Angela Hult 1 503 731 2129
Dave Mead 1 503 464 6222
<PAGE>
GOLDMAN SACHS INTERNATIONAL
Richard Sapp 44 171 774 1000
Meyrick Cox 44 171 774 1000
BRUNSWICK
Lucas van Praag 44 171 404 5959
Goldman Sachs International which is regulated in the United Kingdom by The
Securities and Futures Authority Limited, is acting for PacifiCorp and
PacifiCorp Acquisitions and for no one else
In connection with the Offer and will not be responsible to anyone other than
PacifiCorp and PacifiCorp Acquisitions for providing the protections afforded to
its customers or for giving advice in relation to the Offer. Goldman Sachs
International is acting through Goldman Sachs & Co., for the purposes of making
the Offer in and into the United States.
