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. 17)*
MCNEIL REAL ESTATE FUND XXV, L.P.
(Name of Subject Company [Issuer])
HIGH RIVER LIMITED PARTNERSHIP
CARL C. ICAHN
(Bidders)
LIMITED PARTNERSHIP UNITS
(Title of Class of Securities)
582568 87 9
(CUSIP Number of Class of Securities)
Keith L. Schaitkin, Esq.
Gordon Altman Butowsky Weitzen Shalov & Wein
114 West 47th Street, 20th Floor
New York, New York 10036
(212) 626-0800
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications on Behalf of Bidder)
Calculation of Filing Fee
- -------------------------------------------------------------------
Transaction Amount of filing fee: $1,812.25
Valuation*: $9,061,256.88
- -------------------------------------------------------------------
* For purposes of calculating the fee only. This amount
assumes the purchase of 37,755,237 units of limited partnership
interest (the "Units") of the subject partnership for $0.24 per
Unit. The amount of the filing fee, calculated in accordance with
Rule 0-11(d) under the Securities Exchange Act of 1934, as amended,
equals 1/50th of one percent of the aggregate of the cash offered
by the bidder.
[X] Check box if any part of the fee is offset as provided by
Rule 0-11(a)(2) and identify the filing with which the offsetting
fee was previously paid. Identify the previous filing by
registration statement number, or the Form or Schedule and the date
of its filing.
Amount Previously Paid: $1,812.25
Form or Registration No.: Schedule 14D-1, dated August 3, 1995
Filing Party: High River Limited Partnership & Carl C. Icahn
Date Filed: August 4, 1995
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior cover page.
The information required on the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18 of
the Securities Exchange Act of 1934 ("Act") or otherwise subject to
the liabilities of that section of the Act but shall be subject to
all other provisions of the Act (however, see the Notes).<PAGE>
<PAGE>
AMENDMENT NO. 17 TO SCHEDULE 14D-1
This Amendment No. 17 to Schedule 14D-1 amends and supplements
the Tender Offer Statement on Schedule 14D-1 filed by High River
Limited Partnership, a Delaware limited partnership ("High River"),
Riverdale Investors Corp., Inc., a Delaware corporation
("Riverdale"), and Carl C. Icahn, a citizen of the United States
(collectively, the "Reporting Persons") with the U.S. Securities
and Exchange Commission (the "Commission") on August 4, 1995, as
amended by Amendment No. 1 filed with the Commission on August 9,
1995, Amendment No. 2 filed with the Commission on August 14, 1995,
Amendment No. 3 filed with the Commission on August 18, 1995,
Amendment No. 4 filed with the Commission on August 21, 1995,
Amendment No. 5 filed with the Commission on August 22, 1995,
Amendment No. 6 filed with the Commission on August 25, 1995,
Amendment No. 7 filed with the Commission on August 31, 1995,
Amendment No. 8 filed with the Commission on September 7, 1995,
Amendment No. 9 filed with the Commission on September 8, 1995,
Amendment No. 10 filed with the Commission on September 12, 1995,
Amendment No. 11 filed with the Commission on September 15, 1995,
Amendment No. 12 filed with the Commission on September 15, 1995,
Amendment No. 13 filed with the Commission on September 18, 1995,
Amendment No. 14 filed with the Commission on September 28, 1995,
Amendment No. 15 filed with the Commission on September 29, 1995
and Amendment No. 16 filed with the Commission on October 2,1995.
All capitalized terms used herein but not otherwise defined shall
have the meanings ascribed to such terms in the Offer to Purchase
dated August 3, 1995, as amended and supplemented from time to time
(the "Offer to Purchase") and the related Assignment of Partnership
Interest and Confirmation Letter (collectively with the Offer to
Purchase, the "Offer").
Item 10. Additional Information
Item 10(f) is hereby amended to add the following:
(f) The information set forth in Exhibit 33 attached
hereto is incorporated herein by reference.
Item 11. Materials to be Filed as Exhibits.
The following document is filed as an exhibit to this Schedule
14D-1:
(a)
Exhibit 33 Press release dated October 2, 1995
<PAGE>
<PAGE>
SIGNATURES
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: October 2, 1995
HIGH RIVER LIMITED PARTNERSHIP
By: Riverdale Investors Corp., Inc.
Title: General Partner
By: /s/ Edward E. Mattner
Edward E. Mattner
Title: President
RIVERDALE INVESTORS CORP., INC.
By: /s/ Edward E. Mattner
Edward E. Mattner
Title: President
/s/ Theodore Altman
Carl C. Icahn
By: Theodore Altman as
Attorney-in-fact
[Signature Page for Amendment No. 17 to
McNeil Real Estate Fund XXV, L.P. Schedule 14D-1]<PAGE>
<PAGE>
EXHIBIT INDEX
Page Number
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Exhibit 33 Press Release dated October 2, 1995
FOR IMMEDIATE RELEASE Contact: D.F. King & Co., Inc.
(800) 628-8538
HIGH RIVER TENDER OFFERS FOR McNEIL
LIMITED PARTNERSHIPS
New York, New York, October 2, 1995 -- High River
Limited Partnership ("High River"), an affiliate of Carl C.
Icahn, announced today that the supplement dated September 29,
1995 (the "Supplement") to the offers to purchase (the "Offers
to Purchase") regarding its tender offers (the "Tender
Offers") for units of limited partnership interest in each of
McNeil Pacific Investors Fund 1972, McNeil Real Estate Fund V,
Ltd., McNeil Real Estate Fund IX, Ltd., McNeil Real Estate
Fund X, Ltd., McNeil Real Estate Fund XI, Ltd., McNeil Real
Estate Fund XIV, Ltd., McNeil Real Estate Fund XV, Ltd.,
McNeil Real Estate Fund XX, L.P., McNeil Real Estate Fund
XXIV, L.P. and McNeil Real Estate Fund XXV, L.P., were
delivered for mailing to unitholders this past weekend.
Additional copies of the Supplement may be obtained by calling
D.F. King & Co., Inc., at (800) 628-8538. As previously
noted, the Tender Offers are set to expire on Friday, October
6, 1995 at 12:00 midnight, New York City time, and High River
has waived the conditions set forth in clauses (e) and (f) of
Section 14 of the Offers to Purchase.
Limited Partners of McNeil Real Estate Fund XX,
L.P., are advised that the information regarding net asset
value ("NAV") set forth in the tables on pages 2 and 7 of the
Supplement and the information regarding net operating income
("NOI") set forth in the table on page 7 of the Supplement is
based on data set forth in the Form 10-Q for McNeil Real
Estate Fund XX, L.P. for the period ended June 30, 1995 and
not on the seven month information obtained by the Purchaser
as referred to in the Supplement under the caption "Section
13. Background of the Offer". Had the seven month
information been utilized, the NAV would have been $146.00 and
the NOI would have been $577,182.00.
