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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 14D-1/A
TENDER OFFER STATEMENT PURSUANT TO SECTION 14(d)(1) OF THE SECURITIES EXCHANGE
ACT OF 1934
AMENDMENT NO. 3
(FINAL AMENDMENT AND SCHEDULE 13D)
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ML MEDIA PARTNERS, L.P.
(NAME OF SUBJECT COMPANY)
SMITHTOWN BAY, LLC
A DELAWARE LIMITED LIABILITY COMPANY
GLOBAL CAPITAL MANAGEMENT, INC.,
A DELAWARE CORPORATION
(BIDDER)
UNITS OF LIMITED PARTNERSHIP INTERESTS
(TITLE OF CLASS OF SECURITIES)
55307J102
(CUSIP Number of Class of Securities)
Thomas A. Schmidt
601 Carlson Parkway - Suite 200
Minnetonka, Minnesota 55305
(612) 476-7200
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications on Behalf of Bidder)
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CALCULATION OF FILING FEE
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TRANSACTION VALUATION* AMOUNT OF FILING FEE
$8,550,000 $1,710.00
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* FOR PURPOSES OF CALCULATING THE FILING FEE ONLY. THIS CALCULATION
ASSUMES THE PURCHASE OF 9,000 UNITS OF LIMITED PARTNERSHIP INTERESTS
("UNITS") AT $950 PER UNIT NET IN CASH. THE AMOUNT OF THE FILING FEE,
CALCULATED IN ACCORDANCE WITH REGULATION 0-11 OF THE SECURITIES EXCHANGE
ACT OF 1934, AS AMENDED, EQUALS 1/50 OF ONE PERCENT OF THE VALUE OF UNITS
ASSUMED TO BE PURCHASED.
[ ] 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: NOT APPLICABLE FILING PARTY: NOT APPLICABLE
FORM OF REGISTRATION NO.: NOT APPLICABLE DATE FILED: NOT APPLICABLE
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PAGE 1 OF 5
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CUSIP NO. 55307J102 14D-1/A and 13D Page 2 of 5 Pages
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1. Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Smithtown Bay, LLC
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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)
WC
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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
State of Delaware
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7. Aggregate Amount Beneficially Owned By Each Reporting Person
11,943
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8. Check if the Aggregate in Row (7) Excludes Certain Units (See Instructions)
[]
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9. Percent of Class Represented by Amount in Row (7)
Approximately 6.4%
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10. Type of Reporting Persons (See Instructions)
OO
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PAGE 2 OF 5
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CUSIP NO. 55307J102 14D-1/A and 13D Page 3 of 5 Pages
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1. Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Global Capital Management, Inc.
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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)
WC
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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
State of Delaware
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7. Aggregate Amount Beneficially Owned By Each Reporting Person
11,943
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8. Check if the Aggregate in Row (7) Excludes Certain Units (See Instructions)
[]
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9. Percent of Class Represented by Amount in Row (7)
Approximately 6.4%
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10. Type of Reporting Persons (See Instructions)
CO
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PAGE 3 OF 5
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AMENDMENT NO. 3 (FINAL AMENDMENT) TO SCHEDULE 14D-1
AND SCHEDULE 13D
This Amendment No. 3 constitutes the final amendment to the Tender Offer
Statement on Schedule 14D-1 as amended and supplemented by Amendment No. 1
and Amendment No. 2, thereto, filed by Smithtown Bay, LLC, a Delaware Limited
Liability Company (the "Purchaser") and Global Capital Management, Inc., a
Delaware Corporation, with the Securities and Exchange Commission on November
27, 1998, as amended and supplemented by Amendment No. 1 on December 1, 1998,
and as amended and supplemented by Amendment No. 2 thereto on December 16,
1998, relating to the Tender Offer by the Purchaser to purchase up to 9,000
units of limited partnership interests, ("Units") of ML Media Partners, L.P.,
a Delaware limited partnership, upon the terms and subject to the conditions
set forth in the Purchaser's Offer to Purchase dated November 27, 1998, as
amended and supplemented by Amendment No. 1 on December 1, 1998, and as
amended and supplemented by Amendment No. 2 thereto on December 16, 1998, and
the related Agreement of Transfer and Sale to include the information set
forth below. This Amendment No. 3 shall also constitute the initial
statement on Schedule 13D as permitted by paragraph F of the General
Instructions to Schedule 14D-1. Terms not otherwise set forth below shall
have the meanings ascribed to them in the Schedule 14D-1 and the Offer to
Purchase.
ITEM 4. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 4(a) is amended and supplemented as follows:
"The total amount of funds required by Purchaser to purchase the 2,582
Units accepted for payment pursuant to the Offer, exclusive of fees and
expenses, is $2,452,900. The Purchaser obtained such funds, including
amounts necessary to pay its fees and expenses, from its working capital."
ITEM 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY
Items 6(a) and (b) are amended and supplemented as follows:
"The Offer expired 12:00 midnight, Eastern Time on December 31, 1998.
Pursuant to the Offer, as of such time and date, the Purchaser accepted 2,582
Units, approximately 1.4% of the issued and outstanding Units. Purchaser now
owns 11,943 Units, approximately 6.4% of the issued and outstanding Units."
PAGE 4 OF 5
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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: January 21, 1999 SMITHTOWN BAY, LLC
By: Global Capital Management, Inc.,
a Delaware corporation,
its Manager
By: /s/ Michael J. Frey
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Michael J. Frey, Vice President
GLOBAL CAPITAL MANAGEMENT, INC.,
a Delaware corporation
By: /s/ Michael J. Frey
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Michael J. Frey, Vice President
PAGE 5 OF 5
