SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 4
TO
SCHEDULE 14D-1
TENDER OFFER STATEMENT PURSUANT TO SECTION 14(d)(1) OF THE
SECURITIES EXCHANGE ACT OF 1934
_________________________
Family Steak Houses of Florida, Inc.
(Name of Subject Company) _________________________
Bisco Industries, Inc.
(Bidder)
_________________________
Common Stock, $0.01 par value
(Title of class of securities) _________________________
307059105
(CUSIP number of class of securities)
Glen F. Ceiley, President
Bisco Industries, Inc. 704 W. Southern Avenue
Orange, California 92865
Telephone: (714) 283-7140
(Name, address and telephone number of person authorized to
receive notices and communications on behalf of bidder)
with a copy to:
Kenneth C. Hoffman, Esq.
Greenberg, Traurig, Hoffman, Rosen, Lipoff & Quentel, P.A.
1221 Brickell Avenue
Miami, Florida 33131
Telephone: (305) 579-0500
This Statement amends and supplements the Tender Offer
Statement on Schedule 14D-1 filed with the Securities and
Exchange Commission on March 6, 1997, as previously amended (the
"Schedule 14D-1"), relating to the offer by Bisco Industries, an
Illinois corporation (the "Purchaser") to purchase up to
2,600,000 shares of Common Stock, $0.01 par value (the "Common
Stock"), of Family Steak Houses of Florida, Inc., a Florida
corporation (the "Company"), upon the terms and subject to the
conditions set forth in the Offer to Purchase, dated March 6,
1997 (the "Offer to Purchase"), and in the related Letter of
Transmittal, at a purchase price of $0.90 per share, net to the
tendering stockholder in cash, without interest thereon.
Capitalized terms used and not defined herein shall have the
meanings assigned such terms in the Offer to Purchase and the
Schedule 14D-1.
ITEM 10. ADDITIONAL INFORMATION.
The Purchaser has extended the Offer until 5:00 P.M., New
York City time, on Friday, May 23, 1997. The full text of a
press release, dated May 12, 1997, issued by Purchaser with
respect to the extension of the Offer is filed herewith as
Exhibit (a)(11) and is incorporated herein by reference.
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
(a)(11) Press Release, dated May 12, 1997, issued by
Purchaser.
SIGNATURE
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: May 12, 1997
BISCO INDUSTRIES, INC.
By: /s/ Glen F. Ceiley
Name: Glen F. Ceiley
Title: President
EXHIBT INDEX
Exhibit
Number Description
(a)(11) Press Release, dated May 12, 1997, issued by
Purchaser.
Exhibit (a)(11)
[BISCO INDUSTRIES LETTERHEAD]
FOR IMMEDIATE RELEASE
Contact:
Glen Ceiley, President
or
Stephen Catanzaro, Chief Financial Officer
Bisco Industries, Inc.
(714) 283-7140
BISCO INDUSTRIES EXTENDS TO MAY 23, 1997 THE EXPIRATION DATE OF
ITS TENDER OFFER FOR SHARES OF FAMILY STEAK HOUSES OF FLORIDA
Orange, California, May 12, 1997 - Bisco Industries, Inc., a
privately held distributor of fasteners and electronic
components, announced today that it has extended to 5:00 P.M.,
New York City time, on Friday, May 23, 1997, the expiration date
of its tender offer to purchase for cash up to 2,600,000 shares
of common stock of Family Steak Houses of Florida, Inc. (NASDAQ
RYFL) for $0.90 per share.
As of 5:00 p.m. on May 9, 1997, the originally scheduled
expiration date, 2,220,456 shares had been tendered pursuant to
the offer.
Glen Ceiley, President and CEO of Bisco Industries, stated
that "Family Steak House management continues to resist our
offer, despite the fact that over 2.2 million shares have been
tendered. Because of the anti-takeover measures recently adopted
by the Company's Board of Directors, the conditions to our tender
offer haven't yet been satisfied. We recently began soliciting
shareholder consents to several proposals, including elimination
of the Company's Poison Pill. We are gratified by the
shareholder response to date to our consent solicitation. We
hope that before May 23rd we will be able to present the Board
the successful results of our consent solicitation, and that the
Board will promptly take action to redeem the Poison Pill,
clearing the way for us to complete our tender offer on the new
expiration date."
