<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 4)
Golden Books Family Entertainment, Inc.
---------------------------------------
(Name of Issuer)
Common Stock, par value
-----------------------
(Title of Class of Securities)
380804104
---------
(CUSIP Number)
Reuben S. Leibowitz
E.M. Warburg Pincus & Co., LLC
466 Lexington Avenue
New York, New York 10017
(212) 878-0600
--------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
- with a copy to -
Laurence D. Weltman, Esq.
Willkie Farr & Gallagher
787 Seventh Avenue
New York, New York 10019-6099
July 8, 1998
------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|.
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss. 240.13d-7(b), for other
parties to whom copies are to be sent.
*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 (however, see the
Notes).
<PAGE>
SCHEDULE 13D
|------------------------| |-------------------------------|
|CUSIP No. 380804104 | |Page 2 of 8 Pages |
| ---------- | | ----- ----- |
- --------------------------------------------------------------------------------
1 | NAME OF REPORTING PERSON
| S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
|
| Warburg, Pincus Ventures, L.P. I.D. # 13-3784037
- ------|-------------------------------------------------------------------------
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
| |_|
| (b)
| |X|
- ------|-------------------------------------------------------------------------
3 | SEC USE ONLY
|
- ------|-------------------------------------------------------------------------
4 | SOURCE OF FUNDS*
| WC
- ------|-------------------------------------------------------------------------
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
| ITEMS 2(d) or 2(e) |_|
|
- ------|-------------------------------------------------------------------------
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
| Delaware
- --------------------------------------------------------------------------------
| 7 | SOLE VOTING POWER
| | 0
NUMBER OF | |
SHARES | |
BENEFICIALLY | |
OWNED BY | |
EACH | |
REPORTING | |
PERSON | |
WITH | |
|-----|----------------------------------------------------------
| 8 | SHARED VOTING POWER
| | 11,721,271
|-----|----------------------------------------------------------
| 9 | SOLE DISPOSITIVE POWER
| | 0
|-----|----------------------------------------------------------
| 10 | SHARED DISPOSITIVE POWER
| | 11,131,000
- --------------------------------------------------------------------------------
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
| 14,971,271
- ------|-------------------------------------------------------------------------
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
| |_|
- ------|-------------------------------------------------------------------------
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
| 40.6%%
- ------|-------------------------------------------------------------------------
14 | TYPE OF REPORTING PERSON*
| PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
|------------------------| |-------------------------------|
|CUSIP No. 380804104 | |Page 3 of 8 Pages |
| ---------- | | ----- ----- |
- --------------------------------------------------------------------------------
1 | NAME OF REPORTING PERSON
| S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
|
| Warburg, Pincus & Co. I.D. # 13-6358475
- ------|-------------------------------------------------------------------------
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
| |_|
| (b)
| |X|
- ------|-------------------------------------------------------------------------
3 | SEC USE ONLY
|
- ------|-------------------------------------------------------------------------
4 | SOURCE OF FUNDS*
| AF
- ------|-------------------------------------------------------------------------
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
| ITEMS 2(d) or 2(e) |_|
|
- ------|-------------------------------------------------------------------------
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
| New York
- --------------------------------------------------------------------------------
| 7 | SOLE VOTING POWER
| | 0
NUMBER OF | |
SHARES | |
BENEFICIALLY | |
OWNED BY | |
EACH | |
REPORTING | |
PERSON | |
WITH | |
|-----|----------------------------------------------------------
| 8 | SHARED VOTING POWER
| | 11,721,271
|-----|----------------------------------------------------------
| 9 | SOLE DISPOSITIVE POWER
| | 0
|-----|----------------------------------------------------------
| 10 | SHARED DISPOSITIVE POWER
| | 11,131,000
- --------------------------------------------------------------------------------
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
| 14,971,271
- ------|-------------------------------------------------------------------------
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
| |_|
- ------|-------------------------------------------------------------------------
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
| 40.6%
- ------|-------------------------------------------------------------------------
14 | TYPE OF REPORTING PERSON*
| PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
|------------------------| |-------------------------------|
|CUSIP No. 380804104 | |Page 4 of 8 Pages |
| ---------- | | ----- ----- |
- --------------------------------------------------------------------------------
1 | NAME OF REPORTING PERSON
| S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
|
| Golden Press Holding, L.L.C.
- ------|-------------------------------------------------------------------------
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
| |_|
| (b)
| |X|
- ------|-------------------------------------------------------------------------
3 | SEC USE ONLY
|
- ------|-------------------------------------------------------------------------
4 | SOURCE OF FUNDS*
| WC
- ------|-------------------------------------------------------------------------
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
| ITEMS 2(d) or 2(e) |_|
|
- ------|-------------------------------------------------------------------------
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
| Delaware
- --------------------------------------------------------------------------------
| 7 | SOLE VOTING POWER
| | 0
NUMBER OF | |
SHARES | |
BENEFICIALLY | |
OWNED BY | |
EACH | |
REPORTING | |
PERSON | |
WITH | |
|-----|----------------------------------------------------------
| 8 | SHARED VOTING POWER
| | 11,721,271
|-----|----------------------------------------------------------
| 9 | SOLE DISPOSITIVE POWER
| | 0
|-----|----------------------------------------------------------
| 10 | SHARED DISPOSITIVE POWER
| | 11,131,000
- --------------------------------------------------------------------------------
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
| 14,971,271
- ------|-------------------------------------------------------------------------
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
| |_|
- ------|-------------------------------------------------------------------------
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
| 40.6%
- ------|-------------------------------------------------------------------------
14 | TYPE OF REPORTING PERSON*
| PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
|------------------------| |-------------------------------|
|CUSIP No. 380804104 | |Page 5 of 8 Pages |
| ---------- | | ----- ----- |
- --------------------------------------------------------------------------------
1 | NAME OF REPORTING PERSON
| S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
|
| E.M. Warburg, Pincus & Co., LLC I.D. #13-3536050
- ------|-------------------------------------------------------------------------
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
| |_|
| (b)
| |X|
- ------|-------------------------------------------------------------------------
3 | SEC USE ONLY
|
- ------|-------------------------------------------------------------------------
4 | SOURCE OF FUNDS*
| AF
- ------|-------------------------------------------------------------------------
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
| ITEMS 2(d) or 2(e) |_|
|
- ------|-------------------------------------------------------------------------
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
| New York
- --------------------------------------------------------------------------------
| 7 | SOLE VOTING POWER
| | 0
NUMBER OF | |
SHARES | |
BENEFICIALLY | |
OWNED BY | |
EACH | |
REPORTING | |
PERSON | |
WITH | |
|-----|----------------------------------------------------------
| 8 | SHARED VOTING POWER
| | 11,721,271
|-----|----------------------------------------------------------
| 9 | SOLE DISPOSITIVE POWER
| | 0
|-----|----------------------------------------------------------
| 10 | SHARED DISPOSITIVE POWER
| | 11,131,000
- --------------------------------------------------------------------------------
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
| 14,971,271
- ------|-------------------------------------------------------------------------
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
| |_|
- ------|-------------------------------------------------------------------------
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
| 40.6%
- ------|-------------------------------------------------------------------------
14 | TYPE OF REPORTING PERSON*
| PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
Introductory Note.
-----------------
This Amendment No. 4 amends the Schedule 13D filed by the Reporting
Entities on February 13, 1996, as amended by Amendment No. 1 filed by the
Reporting Entities on May 16, 1996, Amendment No. 2 filed by the Reporting
Entities on March 7, 1997 and Amendment No. 3 filed by the Reporting Entities
March 10, 1998 (together, the "Schedule 13D"), relating to the Common Stock, par
value $0.01 per share (the "Common Stock"), of Golden Books Family
Entertainment, Inc., a Delaware corporation, and is being filed pursuant to Rule
13d-2 of the General Rules and Regulations under the Securities Exchange Act of
1934, as amended (the "Exchange Act"). Unless otherwise indicated, all
capitalized terms used but not defined herein shall have the same meaning as set
forth in the Schedule 13D.
The Reporting Entities are filing this Amendment to report an agreement in
principal between GP Holding and the Company entered into on July 8, 1998 and
described below under Item 4. Additionally, this Amendment reflects (i) the
receipt by GP Holding of a quarterly dividend of Common Stock pursuant to the
terms of the Certificate of Designation relating to the Preferred Shares; and
(ii) a decrease in the number of shares to which the Irrevocable Proxies relate
caused by the sale of certain of such shares by the holders of such shares.
Item 5. Interest in Securities of the Issuer
------------------------------------
Item 5 of the Schedule 13D is hereby amended by deleting subparagraphs (a)
and (b) therein and replacing them with the following:
(a) and (b). GP Holding may be deemed to beneficially own the shares of
Common Stock to which the Irrevocable Proxies relate which presently, based on
filings with the Commission by the record owners of such shares, constitute an
aggregate of 3,661,271 shares of Common Stock. This number is expected to
decrease, as such shares are entitled to be transferred to third
parties pursuant to the terms of the Irrevocable Proxies. Each of the Reporting
Entities may be deemed to share the power to vote or direct the voting of such
shares and therefore to beneficially own such shares. To the knowledge of the
Reporting Entities, the power to direct the disposition of such shares is held
by Richard Bernstein and certain of his affiliates. Additionally, on the date
hereof, GP Holding owns of record 1,560,000 shares of Common Stock received as
dividends on the Preferred Shares held by GP Holding. GP Holding may also be
deemed to beneficially own the 6,500,000 shares of Common Stock issuable upon
conversion of the Preferred Shares and the 3,250,000 shares issuable upon
exercise of the Warrant. Each of the Reporting Entities may be deemed to share
the power to vote and dispose of such shares and therefore to beneficially own
such shares. Based on the 27,099,814 shares of Common Stock outstanding on March
16, 1998 (as reported by the Company in its Proxy Statement on Schedule 14A
relating to the Company's 1998 Annual Meeting, filed with the Commission on
April 15, 1998) and treating as outstanding the shares of Common Stock issuable
upon conversion
6
<PAGE>
of the Preferred Shares and exercise of the Warrant, the Reporting Entities
beneficially own approximately 40.6% of the voting power relating to the
Common Stock. In addition, GP Holding will continue to receive 780,000 shares of
Common Stock annually as a dividend on the Preferred Shares through May 8, 2000,
subject to adjustment, as described in Item 6.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
-------------------------------------------------------------
Item 6 of the Schedule 13D is hereby amended by adding the following
paragraph at the end thereof:
On July 8, 1998, the Company announced, pursuant to the press release
attached hereto as Exhibit 6, that the Company and GP Holding had entered
into an agreement in principle on such date whereby GP Holding will commit to
invest up to an additional $25 million in the Company, at the Company's
option, in exchange for newly issued securities of the Company.
Although the Company has informed GP Holding that it has no immediate plans to
request any financing pursuant to this agreement in principle, the parties
intend that such funds will be available to the Company over the next year.
Additionally, consummation of any purchases and sales pursuant to such agreement
in principle are subject to the execution of definitive documentation and other
customary conditions.
Item 7. Material to be filed as Exhibits
--------------------------------
Item 7 of the Schedule 13D is hereby amended by adding the following
Exhibit 6:
Exhibit 6: Press release issued by Golden Books
Family Entertainment, Inc. on July 8, 1998.
7
<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.
Dated: July 20, 1998
GOLDEN PRESS HOLDING, L.L.C.
By: Warburg, Pincus Ventures, L.P., Member
By: Warburg, Pincus & Co., General Partner
By: /s/ Stephen M. Distler
---------------------
Name: Stephen M. Distler
Title: Partner
WARBURG, PINCUS VENTURES, L.P.
By: Warburg, Pincus & Co., General Partner
By: /s/ Stephen M. Distler
---------------------
Name: Stephen M. Distler
Title: Partner
WARBURG, PINCUS & CO.
By: /s/ Stephen M. Distler
---------------------
Name: Stephen M. Distler
Title: Partner
E.M. WARBURG, PINCUS & CO., LLC
By: /s/ Stephen M. Distler
---------------------
Name: Stephen M. Distler
Title: Managing Director
8
<PAGE>
SCHEDULE I
----------
Set forth below is the name, position and present principal occupation of each
of the general partners of Warburg, Pincus & Co. ("WP") and each of the members
of E.M. Warburg, Pincus & Co., LLC ("EMW"). The sole general partner of
Warburg, Pincus Ventures, L.P. ("Ventures") is WP. WP, EMW and Ventures are
hereinafter collectively referred to as the "Reporting Entities." Except as
otherwise indicated, the business address of each of such persons is 466
Lexington Avenue, New York, New York 10017, and each of such persons is a
citizen of the United States.
General Partners of WP
----------------------
<TABLE>
<S> <C>
Present Principal Occupation in
Addition to Position with WP, and
Positions with the Reporting
Name Entities
- ---- -----------------------------------
Joel Ackerman Managing Director and Member, EMW
Susan Black Managing Director and Member, EMW
Christopher W. Brody Managing Director and Member, EMW
Harold Brown Senior Managing Director and Member,
EMW
Errol M. Cook Managing Director and Member, EMW
W. Bowman Cutter Managing Director and Member, EMW
Elizabeth B. Dater Managing Director and Member, EMW
Stephen Distler Managing Director, Member and
Treasurer, EMW
Harold W. Ehrlich Managing Director and Member, EMW
Managing Director and Member, EMW
John L. Furth Vice Chairman of the Board and
<PAGE>
Member, EMW
Stewart K.P. Gross Managing Director and Member, EMW
Patrick T. Hackett Managing Director and Member, EMW
Jeffrey A. Harris Managing Director and Member, EMW
Managing Director and Member, EMW
William H. Janeway Managing Director and Member, EMW
Douglas M. Karp Managing Director and Member, EMW
Charles R. Kaye Managing Director and Member, EMW
Henry Kressel Managing Director and Member, EMW
Joseph P. Landy Managing Director and Member, EMW
Sidney Lapidus Managing Director and Member, EMW
Kewsong Lee Managing Director and Member, EMW
Reuben S. Leibowitz Managing Director and Member, EMW
S. Joshua Lewis Managing Director and Member, EMW
David E. Libowitz Managing Director and Member, EMW
Brady T. Lipp Managing Director and Member, EMW
Stephen J. Lurito Managing Director and Member, EMW
John W. MacIntosh Managing Director and Member, EMW
Spencer S. Marsh III Managing Director and Member,
<PAGE>
EMW
Lynn S. Martin Managing Director and Member, EMW
Edward J. McKinley Managing Director and Member, EMW
Rodman W. Moorhead III Senior Managing Director and Member,
EMW
Maryanne Mullarkey Managing Director and Member, EMW
Howard H. Newman Managing Director and Member, EMW
Gary D. Nusbaum Managing Director and Member, EMW
Sharon B. Parente Managing Director and Member, EMW
Dalip Pathak Managing Director and Member, EMW
Daphne D. Philipson Managing Director and Member, EMW
Lionel I. Pincus Chairman of the Board, CEO, and
Managing Member, EMW; and Managing
Partner, Pincus & Co.
Eugene L. Podsiadlo Managing Director and Member, EMW
Ernest H. Pomerantz Managing Director and Member, EMW
Brian S. Posner Managing Director and Member, EMW
Arnold M. Reichman Managing Director and Member, EMW
Roger Reinlieb Managing Director and Member, EMW
John D. Santoleri Managing Director and Member, EMW
<PAGE>
Steven G. Schneider Managing Director and Member, EMW
Sheila N. Scott Managing Director and Member, EMW
Eugene J. Siembieda Managing Director and Member, EMW
James E. Thomas Managing Director and Member, EMW
John L. Vogelstein Vice Chairman of the Board and
Member, EMW
Elizabeth H. Weatherman Managing Director and Member, EMW
</TABLE>
Pincus & Co.*
NL & Co.**
<PAGE>
* New York limited partnership; its primary activity is ownership in WP and
EMW.
** New York limited partnership; its primary activity is ownership in WP.
<PAGE>
Members of EMW
--------------
<TABLE>
<S> <C>
Present Principal Occupation in
Addition to Position with EMW, and
Positions with the Reporting
Name Entities
- ---- ------------------------------------
Joel Ackerman Partner, WP
Susan Black Partner, WP
Christopher W. Brody Partner, WP
Harold Brown Partner, WP
Dale C. Christensen(1)
Errol M. Cook Partner, WP
W. Bowman Cutter Partner, WP
Elizabeth B. Dater Partner, WP
Stephen Distler Partner, WP
P. Nicholas Edwards(2) Partner, WP
Harold W. Ehrlich Partner, WP
John L. Furth Partner, WP
Stewart K.P. Gross Partner, WP
Patrick T. Hackett Partner, WP
Jeffrey A. Harris Partner, WP
William H. Janeway Partner, WP
Douglas M. Karp Partner, WP
Charles R. Kaye Partner, WP
Richard H. King(2)
Henry Kressel Partner, WP
Joseph P. Landy Partner, WP
Sidney Lapidus Partner, WP
<PAGE>
Kewsong Lee Partner, WP
Reuben S. Leibowitz Partner, WP
S. Joshua Lewis Partner, WP
David E. Libowitz Partner, WP
Brady T. Lipp Partner, WP
Stephen J. Lurito Partner, WP
John W. MacIntosh Partner, WP
Spencer S. Marsh III Partner, WP
Lynn S. Martin Partner, WP
Edward J. McKinley Partner, WP
Rodman W. Moorhead III Partner, WP
Maryanne Mullarkey Partner, WP
Howard H. Newman Partner, WP
Gary D. Nusbaum Partner, WP
Sharon B. Parente Partner, WP
Dalip Pathak Partner, WP
Daphne D. Philipson Partner, WP
Lionel I. Pincus Managing Partner, WP; Chairman of
the Board and CEO, EMW; Managing
Partner, Pincus & Co.
Eugene L. Podsiadlo Partner, WP
Ernest H. Pomerantz Partner, WP
Brian S. Posner Partner, WP
Arnold M. Reichman Partner, WP
Roger Reinlieb Partner, WP
John D. Santoleri Partner, WP
Steven G. Schneider Partner, WP
Sheila N. Scott Partner, WP
<PAGE>
Eugene J. Siembieda Partner, WP
Dominic H. Shorthouse(2)
Chang Q. Sun(3)
James E. Thomas Partner, WP
John L. Vogelstein Partner, WP
Elizabeth H. Weatherman Partner, WP
</TABLE>
Pincus & Co.*
(1) Citizen of Canada
(2) Citizen of United Kingdom
(3) Citizen of People's Republic of China
* New York limited partnership; its primary activity is ownership in WP.
<PAGE>
Exhibit Index
<TABLE>
<S> <C>
Exhibit No. Description
- ----------- -----------
6 Press release issued by Golden Books Family
Entertainment, Inc. on July 8, 1998.
</TABLE>
<PAGE>
Exhibit 6
---------
Press Release Issued by the Company
FOR IMMEDIATE RELEASE
INVESTOR GROUP, GOLDEN PRESS HOLDINGS, TO INVEST $25 MILLION IN GOLDEN BOOKS
FAMILY ENTERTAINMENT OVER NEXT YEAR
New York, July 8, 1998 -- Golden Books Family Entertainment, Inc.
(NASDAQ GBFE) announced today that Golden Press Holdings, L.L.C., an
investor group including Warburg, Pincus Ventures, L.P., Barry Diller and
Golden Books' Chief Executive Officer, Richard E. Snyder, has committed to
invest up to $25 million in Golden Books Family Entertainment, at the Company's
option. Although Golden Books has no immediate plans to draw down any
funds, such funds will be available to the Company over the next year.
In exchange for any funds drawn down, Golden Press Holdings will
receive convertible preferred stock with a coupon of 5% and a conversion price
of $4.87, a 20% premium over the average price of Golden Books common stock for
the five days preceding this announcement.
Golden Books Family Entertainment, Inc. is the leading publisher of
children's books in North America and owns one of the largest libraries of
family entertainment copyrights. The Company creates, publishes and markets
entertainment products for children and families through all media.
Investor/Press Contact: Kathy Makrakis, Vice President Corporate
Communications, Golden Books Entertainment, 212-547-6798
