SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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AMENDMENT NO. 3 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 EXCHANGE ACT OF 1934
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PACIFIC SCIENTIFIC COMPANY
(Name of Subject Company)
ACC ACQUISITION CORP.
DANAHER CORPORATION
(BIDDERS)
Common Stock, $1.00 par value
(including the Associated Preferred Share Purchase Rights)
(Title of Class of Securities)
694806
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(CUSIP Number of Class of Securities)
PATRICK W. ALLENDER
DANAHER CORPORATION
1250 24TH ST., N.W.
WASHINGTON, D.C. 20037
(202) 828-0850
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications on behalf of Bidders)
Copy to:
ERIC J. FRIEDMAN, ESQ.
SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
919 THIRD AVENUE
NEW YORK, NEW YORK 10022
(212) 735-3000
CUSIP NO. 694806 14D-1
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1. Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of the Above Persons
ACC Acquisition Corp.
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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. Source 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) |_|
- ----------------------------------------------------------------------------
6. Citizenship or Place of Organization
California
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
11,400,816 (or 11,739,256, if all shares tendered pursuant to
guaranteed delivery procedures are delivered)
- ----------------------------------------------------------------------------
8. Check Box if the Aggregate Amount in Row (7) Excludes Certain
Shares |_|
- ----------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row (7)
91.1% (or 93.8%, if all shares tendered pursuant to guaranteed
delivery procedures are delivered)
- ----------------------------------------------------------------------------
10. Type of Reporting Person
CO
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CUSIP NO. 694806 14D-1
- ----------------------------------------------------------------------------
1. Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of the Above Person
Danaher Corporation
- ----------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (a)|_|
(b)|_|
- ----------------------------------------------------------------------------
3. SEC Use only
- ----------------------------------------------------------------------------
4. Source of Funds
WC or 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
Delaware
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
11,400,816 (or 11,739,256, if all shares tendered pursuant to
guaranteed delivery procedures are delivered)
- ----------------------------------------------------------------------------
8. Check Box if the Aggregate Amount in Row (7) Excludes Certain
Shares |_|
- ----------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row (7)
91.1% (or 93.8%, if all shares tendered pursuant to guaranteed
delivery procedures are delivered)
- ----------------------------------------------------------------------------
10. Type of Reporting Person
CO
- ----------------------------------------------------------------------------
This Amendment No. 3 amends the Tender Offer Statement on Schedule
14D-1 initially filed on February 6, 1998 (as amended, the "Tender Offer
Statement") by Danaher Corporation, a Delaware corporation ("Parent"), and
its wholly owned subsidiary ACC Acquisition Corp., a California corporation
(the "Purchaser"), relating to the Purchaser's offer to purchase all of the
outstanding shares of common stock, par value $1.00 per share, of Pacific
Scientific Company, a California corporation, including the associated
Preferred Share Purchase Rights, on the terms and subject to the conditions
set forth in the Offer to Purchase dated February 6, 1998. Unless otherwise
defined herein, all capitalized terms used herein shall have the respective
meanings given such terms in the Tender Offer Statement. The Tender Offer
Statement also constitutes the Statement on Schedule 13D of the Purchaser
and Parent. The item numbers and responses thereto below are in accordance
with the requirements of Schedule 14D-1.
ITEM 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY.
Item 6 is hereby amended to add the following:
Following expiration of the Offer at 5:00 p.m., New York City time,
on March 9, 1998, the Purchaser accepted for payment all Shares validly
tendered and not withdrawn pursuant to the Offer. The Purchaser has been
advised by the Depositary for the Offer that as of the expiration of the
Offer 11,739,256 Shares, representing approximately 94% of the outstanding
Shares, had been validly tendered and not withdrawn pursuant to the Offer
(including 338,400 Shares tendered pursuant to the procedures for
guaranteed delivery).
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
Item 11 is hereby amended to add the following:
(a)(12) Text of press release, dated March 10, 1998.
SIGNATURES
After due inquiry and to the best of my knowledge and belief, the
undersigned certifies that the information set forth in this statement is
true, complete and correct.
Dated: March 10, 1998
ACC ACQUISITION CORP.
BY: /s/ Patrick W. Allender
---------------------------------
Name: Patrick W. Allender
Title: Vice President, Treasurer
and Director
DANAHER CORPORATION
BY: /s/ Patrick W. Allender
----------------------------------
Name: Patrick W. Allender
Title: Senior Vice President,
Chief Financial Officer
and Secretary
EXHIBIT INDEX
Exhibit No. Description
- ----------- -----------
(a)(12) Text of press release, dated March 10, 1998.
[LETTERHEAD OF DANAHER CORPORATION]
FOR IMMEDIATE RELEASE CONTACT: Patrick W. Allender
Chief Financial Officer
(202) 828-0850
DANAHER CORPORATION COMPLETES TENDER OFFER
FOR PACIFIC SCIENTIFIC COMPANY
Washington, D.C., March 10, 1998 -- Danaher Corporation
(NYSE:DHR) announced today that it has completed its tender offer for all
outstanding shares of Pacific Scientific Company (NYSE:PSX) common stock,
together with the associated preferred share purchase rights, at a price of
$30.25 per share. The tender offer expired at 5:00 p.m., New York City
time, on March 9, 1998. Danaher Corporation has been advised by the
depositary for the tender offer that as of the expiration of the tender
offer 11,739,256 Pacific Scientific shares, representing approximately 94%
of the outstanding shares, had been validly tendered and not withdrawn
pursuant to the offer (including 338,440 shares tendered pursuant to the
procedures for guaranteed delivery). As previously announced, Danaher
Corporation plans to acquire the remaining Pacific Scientific shares at
$30.25 per share through a cash merger, expected to be completed shortly.
George M. Sherman, Danaher's president and Chief Executive
Officer, stated, "We are excited about the addition of Pacific Scientific
to Danaher. Their operations complement and leverage our
process/environmental control businesses, and enhance our prospects for
accelerated growth."
Pacific Scientific Company is an international business that
designs, manufactures and markets motion control, process control and
safety equipment.
Danaher is a leading manufacturer of Process/Environmental
Controls and Tools and Components. (http://www.danaher.com)
