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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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AMENDMENT NO. 2
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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DEFIANCE, INC.
(NAME OF SUBJECT COMPANY (ISSUER))
DN ACQUISITION CORPORATION
AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF
THE GENERAL CHEMICAL GROUP INC.
(BIDDERS)
COMMON STOCK, PAR VALUE $0.05 PER SHARE
(TITLE OF CLASS OF SECURITIES)
244662-10-2
(CUSIP NUMBER OF CLASS OF SECURITIES)
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TODD M. DUCHENE, SECRETARY
DN ACQUISITION CORPORATION
LIBERTY LANE
HAMPTON, NEW HAMPSHIRE 03842
(603) 926-5911
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED
TO RECEIVE NOTICES AND COMMUNICATIONS ON BEHALF OF BIDDER)
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COPY TO:
RALPH ARDITI, ESQ.
DEBEVOISE & PLIMPTON
875 THIRD AVENUE
NEW YORK, NEW YORK 10022
TELEPHONE: (212) 909-6000
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CUSIP NO. 244662-10-2
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1. NAME OF REPORTING PERSON:
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NEW HAMPSHIRE OAK, INC.
I.R.S. IDENTIFICATION NO. 02-0415400
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS)
(A) [ ]
(B) [ ]
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3. SEC USE ONLY
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4. SOURCES OF FUNDS (SEE INSTRUCTIONS)
AF, BK
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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
DELAWARE
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7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,651,767 SHARES
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8. CHECK IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS)
[ ]
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9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
94.1%
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10. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
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<S> <C> <C>
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1. NAME OF REPORTING PERSON:
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DN ACQUISITION CORPORATION
I.R.S. IDENTIFICATION NO. None.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS)
(A) [ ]
(B) [ ]
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3. SEC USE ONLY
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4. SOURCES OF FUNDS (SEE INSTRUCTIONS)
AF, BK
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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
DELAWARE
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7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,651,767 SHARES
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8. CHECK IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS)
[ ]
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9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
94.1%
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10. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
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<S> <C> <C>
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1. NAME OF REPORTING PERSON:
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
THE GENERAL CHEMICAL GROUP INC.
I.R.S. IDENTIFICATION NO. 02-0423437
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS)
(A) [ ]
(B) [ ]
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3. SEC USE ONLY
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4. SOURCES OF FUNDS (SEE INSTRUCTIONS)
BK
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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
DELAWARE
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7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,651,767 SHARES
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8. CHECK IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS)
[ ]
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9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
94.1%
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10. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
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This Amendment No. 2 amends and supplements the information set forth
in the Tender Offer Statement on Schedule 14D-1 (the "Schedule 14D-1") filed by
DN Acquisition Corporation, New Hampshire Oak, Inc. and The General Chemical
Group Inc. ("General Chemical Group") on January 13, 1999, with respect to
shares of common stock, par value $0.05 per share (the "Shares"), of Defiance,
Inc. (the "Company"). Unless otherwise indicated, the capitalized terms used
herein shall have the meanings specified in the Schedule 14D-1, including the
Offer to Purchase filed as Exhibit (a)(1) thereto.
ITEM 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY.
Item 6 of this Statement is hereby amended and supplemented as
follows:
The Offer expired at 12:00 midnight, New York, City time, on Thursday,
February 11, 1999 (the "Expiration Time"). According to the Depositary, based
on a preliminary count, there were validly tendered and not properly withdrawn
approximately 5,651,767 Shares (including 17,678 Shares tendered by means of a
Notice of Guaranteed Delivery) as of the Expiration Time, representing
approximately 94.1% of the Shares currently outstanding. The Purchaser accepted
for payment all Shares validly tendered in accordance with the Offer.
On February 12, 1999, General Chemical Group issued a press release, a
copy of which is attached hereto as Exhibit 11(a)(9) and is incorporated herein
by reference.
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
Item 11 of the Schedule 14D-1 is hereby amended and supplemented by
adding the following text thereafter:
(a)(9) Press release issued by General Chemical Group on February 12,
1999.
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SIGNATURE
After due inquiry and to the best of our knowledge and belief, we certify
that the information set forth in this Statement is true, complete and correct.
DN ACQUISITION CORPORATION
By: /s/ MICHAEL R. HERMAN
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Name: Michael R. Herman
Title: Vice President and Treasurer
NEW HAMPSHIRE OAK, INC.
By: /s/ RALPH M. PASSINO
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Name: Ralph M. Passino
Title: Vice President and Assistant
Treasurer
THE GENERAL CHEMICAL GROUP INC.
By: /s/ RALPH M. PASSINO
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Name: Ralph M. Passino
Title: Vice President and Chief
Financial Officer
Date: February 12, 1999
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EXHIBIT INDEX
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EXHIBIT PAGE
NO. DESCRIPTION NO.
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11(a)(1)* Offer to Purchase dated January 13, 1999....................
11(a)(2)* Letter of Transmittal.......................................
11(a)(3)* Notice of Guaranteed Delivery...............................
11(a)(4)* Letter to Brokers, Dealers, Commercial Banks, Trust
Companies and Nominees......................................
11(a)(5)* Letter to clients for use by Brokers, Dealers, Commercial
Banks, Trust Companies and Nominees.........................
11(a)(6)* Guidelines for Certification of Taxpayer Identification
Number on Substitute Form W-9...............................
11(a)(7)* Summary Advertisement as published on January 13, 1999......
11(a)(8)* Joint Press Release issued by General Chemical Group and the
Company on January 8, 1999..................................
11(a)(9) Press release issued by General Chemical Group on
February 12, 1999...........................................
11(b)(1)* Credit Agreement, dated as of June 15, 1998, by and among
General Chemical Group, Bank of America National Trust and
Savings Association, The Bank of Nova Scotia, The Chase
Manhattan Bank and the several lenders from time to time
parties thereto.............................................
11(c)(1)* Agreement and Plan of Merger, dated as of January 7, 1999,
among Parent, the Purchaser and the Company.................
11(c)(2)* Stockholders Agreement, dated as of January 7, 1999, among
Parent, the Purchaser and the stockholders listed on
Schedule A thereto..........................................
11(c)(3)* Letter Agreement, dated January 7, 1999, among the
Purchaser, the Company and Jerry A. Cooper..................
11(c)(4)* Letter Agreement, dated January 7, 1999, among the
Purchaser, the Company and Michael J. Meier.................
11(c)(5)* Letter Agreement, dated January 7, 1999, among the
Purchaser, the Company and Clifford Schumacher..............
11(c)(6)* Letter Agreement, dated January 7, 1999, among the
Purchaser, the Company and Michael Madden...................
11(c)(7)* Letter Agreement, dated January 7, 1999, among the
Purchaser, the Company and Benjamin Scherschel..............
11(c)(8)* Letter Agreement, dated January 7, 1999, among the
Purchaser, the Company and Fred Burke.......................
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* As Previously filed
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Exhibit 11(a)(9)
GENERAL CHEMICAL COMPLETES TENDER OFFER FOR DEFIANCE
February 12, 1999
HAMPTON, N.H.--Feb. 12, 1999--The tender offer of The General Chemical Group
Inc. (NYSE:GCG) for all of the 6,003,749 shares of Defiance, Inc. (NASDAQ:DEFI)
common stock outstanding at $9.50 per share expired at midnight yesterday, at
which time 5,651,767 shares were validly tendered and not withdrawn.
As a result of the successful offer, Defiance will become a wholly owned
subsidiary of General Chemical, and all remaining public shareholders of
Defiance will be entitled to receive the same $9.50 cash price for each of their
shares.
"We are pleased with the strong response to the offer," said Richard R.
Russell, president and chief executive officer of General Chemical, "and we
welcome Defiance to our group of companies."
The General Chemical Group is a leading producer of diversified chemicals,
related services and manufactured products.
