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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 14D-1
Tender Offer Statement Pursuant to Section 14(d)(1)
of the Securities Exchange Act of 1934
(AMENDMENT No. 2)
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AETNA REAL ESTATE ASSOCIATES, L.P.
(Name of Subject Company)
ACORN HILL PARTNERS L.L.C.
(Bidder)
LIMITED PARTNERSHIP DEPOSITARY UNITS
(Title of Class
of Securities)
008171 10 0
(CUSIP Number of Class
of Securities)
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W. Edward Scheetz
Acorn Hill Partners L.L.C.
1301 Avenue of the Americas, 38th Floor
New York, NY 10019
Copy to:
Peter M. Fass
Steven L. Lichtenfeld
Battle Fowler LLP
75 East 55th Street
New York, NY 10022
(212) 856-7000
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and
Communications on Behalf of Bidder)
Calculation of Filing Fee
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Transaction Amount of
Valuation* Filing Fee
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$31,761,360 $6,352.28
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*For purposes of calculating the filing fee only. This amount assumes
the purchase of 3,176,136 Limited Partnership Depositary Units ("Units") of the
subject company for $10 per Unit in cash.
{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
date of its filing.
Amount previously paid: $6,352.28
Form or registration no.: Schedule 14D-1
Filing party: Acorn Hill Partners L.L.C.
Date filed: October 30, 1996
(Continued on following pages)
(Page 1 of 5 pages)
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Cusip No.: 008171 10 0 14D-1 Page 2 of 5
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
ACORN HILL PARTNERS L.L.C.
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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; WC
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5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Item 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
5,000 Limited Partnership Depositary Units
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8. Check Box 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)
Less than 1%
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10. Type of Reporting Person (See Instructions)
OO
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AMENDMENT NO. 2 TO SCHEDULE 14D-1
This Amendment No. 2 amends the Tender Offer Statement on Schedule
14D-1 filed by Acorn Hill Partners L.L.C., a Delaware limited liability company
(the "Purchaser"), with the Securities and Exchange Commission on October 30,
1996, as amended by Amendment No. 1 filed on November 12, 1996, relating to the
tender offer by the Purchaser to purchase up to 3,176,136 of the issued and
outstanding Limited Partnership Depositary Units ("Units") of Aetna Real Estate
Associates, L.P., a Delaware limited partnership (the "Partnership"), to include
the information set forth below. Terms not otherwise defined herein shall have
the meaning ascribed to them in the Schedule 14D-1 and the Offer to Purchase.
ITEM 10. ADDITIONAL INFORMATION.
Item 10(f) is hereby supplemented and amended as follows:
The information set forth in the press release dated November 29,
1996, a copy of which is attached hereto as Exhibit (a)(5), is incorporated
herein in its entirety by reference.
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
Item 11 is hereby supplemented and amended by adding the following, a
copy of which is attached hereto as an exhibit:
99.(a)(5) Press Release dated November 29, 1996.
3
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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: November 29, 1996
ACORN HILL PARTNERS L.L.C.
By: AP-GP Prom Partners Inc., its
managing member
By: /s/ Richard Mack
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Name: Richard Mack
Title: Vice President
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EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT
NO. TITLE
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<S> <C>
99.(a)(5) Press Release dated November 29, 1996
</TABLE>
5
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EXHIBIT 99.(a)(5)
FOR IMMEDIATE RELEASE
Contact: The Herman Group, Inc.
800-992-6174
Attention: Sherri Herman
ACORN HILL PARTNERS EXTENDS OFFER
NEW YORK, NEW YORK (November 29, 1996) -- ACORN HILL PARTNERS L.L.C.
has announced that its offer to purchase outstanding Limited Partnership
Depositary Units ("Units") of Aetna Real Estate Associates, L.P. (the
"Partnership") for $10 per Unit has been extended and is now scheduled to
expire at 12:00 midnight, New York City time, on December 5, 1996. As of the
close of business on November 27, 1996, 27,723 Units had been tendered to
Acorn Hill Partners and not withdrawn. Additionally, more than 145,600 Units
held in brokerage accounts have been tendered to Acorn Hill Partners and are
currently being confirmed.
For additional information, contact The Herman Group, Inc., the
Information Agent/Depositary for Offer by Acorn Hill Partners, at 800-992-6174.
