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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Cyprus Amax Minerals Company
(Name of Issuer)
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Common Stock, no par value
(Including the associated preferred share purchase rights)
(Title of Classes of Securities)
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496902107 (Common Stock)
(CUSIP Number)
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S. David Colton, Esq.
Vice President and General Counsel
Phelps Dodge Corporation
2600 North Central Avenue
Phoenix, Arizona 85004-3014
Tel. (602) 234-8100
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Copies to:
Michael W. Blair, Esq. Stephen R. Volk, Esq.
Debevoise & Plimpton David W. Heleniak, Esq.
875 Third Avenue Shearman & Sterling
New York, New York 10022 599 Lexington Avenue
Tel. (212) 909-6000 New York, New York 10022
Tel. (212) 848-4000
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communication
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If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [ ].
*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
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.
<PAGE>
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CUSIP No. 496902107
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1. Names of reporting persons
Phelps Dodge Corporation
I.R.S. Identification Nos. of Above Persons (Entities Only)
13-1808503
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2. Check the Appropriate Box if a Member of Group
(a) [ ]
(b) [ ]
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3. SEC Use only
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4. Sources of Funds
WC, BK
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5. Check 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
New York
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Number of | 7.| Sole Voting Power
Shares 1,000
Beneficially --------------------------------------------------------------
Owned by | 8.| Shared Voting Power
Each Not applicable
Reporting --------------------------------------------------------------
Person With | 9.| Sole Dispositive Power
1,000
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| 10.| Shared Dispositive Power
Not applicable
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,000
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
[ ]
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13. Percent of Class Represented by Amount in Row (11)
100%
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14. Type of Reporting Person
CO
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<PAGE>
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1. Names of reporting persons
Cyprus Amax Minerals Company, formerly known as CAV Corporation
I.R.S. Identification Nos. of Above Persons (Entities Only)
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2. Check the Appropriate Box if a Member of Group
(a) [ ]
(b) [ ]
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3. SEC Use only
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4. Sources of Funds
Not applicable
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5. Check 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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Number of | 7.| Sole Voting Power
Shares Not applicable
Beneficially --------------------------------------------------------------
Owned by | 8.| Shared Voting Power
Each Not applicable
Reporting --------------------------------------------------------------
Person With | 9.| Sole Dispositive Power
Not applicable
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|10.| Shared Dispositive Power
Not applicable
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
Not applicable
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
[ ]
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13. Percent of Class Represented by Amount in Row (11)
Not applicable
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14. Type of Reporting Person
CO
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<PAGE>
This Amendment No. 1 to Schedule 13D amends and supplements the Schedule 13D
which was deemed filed pursuant to Instruction F to Schedule 14D-1, on October
19, 1999, upon the filing of the final amendment to the Schedule 14D-1
originally filed with the Securities and Exchange Commission on September 3,
1999, as amended, with respect to the offer by Phelps Dodge Corporation, a New
York corporation ("Phelps Dodge"), and CAV Corporation, a Delaware corporation
and a wholly owned subsidiary of Phelps Dodge ("Purchaser"), to purchase all of
the outstanding shares of common stock, no par value per share, and the
associated preferred share purchase rights (the "Cyprus Amax Shares") of Cyprus
Amax Minerals Company, a Delaware corporation ("Cyprus Amax"). All capitalized
terms which are used but not defined herein shall have the meaning ascribed to
such terms in the Schedule 14D-1.
Item 5. Interest in Securities of the Issuer
On December 2, 1999, Purchaser filed with the Secretary of State of the
State of Delaware a Certificate of Merger effecting the merger of Cyprus Amax
with and into Purchaser (the "Effective Time"). Pursuant to the terms of the
Merger Agreement, at the Effective Time, (i) each Cyprus Amax Share issued and
outstanding immediately prior to the Effective Time (except for shares described
in (ii) below) was converted into the right to receive 0.3500 shares of common
stock, par value $6.25 per share, of Phelps Dodge and cash in lieu of any
fractional Phelps Dodge shares in accordance with the Merger Agreement and (ii)
all Cyprus Amax Shares held by Phelps Dodge, Cyprus Amax or their respective
subsidiaries were canceled and ceased to exist. Pursuant to the terms of the
Merger Agreement, Purchaser is the surviving entity in the merger. Phelps Dodge
beneficially owns 1,000 shares, or 100% of the outstanding shares, of common
stock of Purchaser. Also, on December 2, 1999, Purchaser was renamed Cyprus Amax
Minerals Company.
Item 7. Material to be Filed as Exhibits:
Exhibit 1 Joint Filing Agreement
<PAGE>
Signature
After reasonable 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.
Phelps Dodge Corporation
By:/s/ Ramiro G. Peru
-----------------------------------
Name: Ramiro G. Peru
Title: Senior Vice President and
Chief Financial Officer
December 6, 1999
<PAGE>
Signature
After reasonable 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.
Cyprus Amax Minerals Company
By:/s/ Ramiro G. Peru
----------------------------------
Name: Ramiro G. Peru
Title: Senior Vice President and
Chief Financial Officer
December 6, 1999
<PAGE>
EXHIBIT INDEX
Sequentially
Exhibit Numbered
Number Description Page
- ------- ----------- ------------
Exhibit 1 Joint Filing Agreement
<PAGE>
JOINT FILING AGREEMENT
Each of the undersigned hereby agrees that the statement on Amendment
No. 1 to the Schedule 13D with respect to the common stock, no par value per
share, of the former Cyprus Amax Minerals Company, dated December 6, 1999, is
filed on behalf of each of the undersigned pursuant to and in accordance with
the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as
amended, and that this Agreement shall be included as an Exhibit to such
Amendment. This Agreement may be executed in any number of counterparts, all of
which taken together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of
the 6th day of December, 1999.
Dated: December 6, 1999
Phelps Dodge Corporation
By:/s/ Ramiro G. Peru
--------------------------------
Name: Ramiro G. Peru
Title: Senior Vice President and
Chief Financial Officer
Cyprus Amax Minerals Company
By:/s/ Ramiro G. Peru
--------------------------------
Name: Ramiro G. Peru
Title: Senior Vice President and
Chief Financial Officer
