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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 4 to
SCHEDULE 13D
Under the Securities Exchange Act of 1934
The Interlake Corporation
--------------------------
(Name of Issuer)
Common Stock, $1.00 par value
------------------------------
(Title of Class of Securities)
458702107
--------------
(CUSIP Number)
Abbe L. Dienstag, Esq.
Kramer, Levin, Naftalis & Frankel
919 Third Avenue
New York, New York 10022
(212) 715-9100
--------------------------------------
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
January 23, 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: |_|
Page 1 of 15 pages
<PAGE>
SCHEDULE 13D
CUSIP No. 458702107 Page 2 of 15 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DICKSTEIN & CO., L.P. 13-3321472
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) SEE ITEM 5
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
WC
- --------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
Not Applicable
NUMBER OF
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 1,735,300 (See Item 5)
EACH REPORTING
PERSON --------------------------------------------------------------
WITH 9) SOLE DISPOSITIVE POWER
Not Applicable
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
1,735,300 (See Item 5)
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,735,300 (See Item 5)
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [_]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.4% (See Item 5)
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
- 2 -
<PAGE>
SCHEDULE 13D
CUSIP No. 458702107 Page 3 of 15 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DICKSTEIN FOCUS FUND L.P. 13-3746015
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) SEE ITEM 5
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
WC
- --------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
Not Applicable
NUMBER OF
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 192,000 (See Item 5)
EACH REPORTING
PERSON --------------------------------------------------------------
WITH 9) SOLE DISPOSITIVE POWER
Not Applicable
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
192,000 (See Item 5)
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
192,000 (See Item 5)
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [_]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.8% (See Item 5)
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
- 3 -
<PAGE>
SCHEDULE 13D
CUSIP No. 458702107 Page 4 of 15 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DICKSTEIN INTERNATIONAL LIMITED
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) SEE ITEM 5
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
WC
- --------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
Not Applicable
NUMBER OF
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 519,600 (See Item 5)
EACH REPORTING
PERSON --------------------------------------------------------------
WITH 9) SOLE DISPOSITIVE POWER
Not Applicable
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
519,600 (See Item 5)
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
519,600 (See Item 5)
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [_]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.2% (See Item 5)
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
- 4 -
<PAGE>
SCHEDULE 13D
CUSIP No. 458702107 Page 5 of 15 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DICKSTEIN PARTNERS, L.P. 13-3544838
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) SEE ITEM 5
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
AF
- --------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
Not Applicable
NUMBER OF
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 1,927,300 (See Item 5)
EACH REPORTING
PERSON --------------------------------------------------------------
WITH 9) SOLE DISPOSITIVE POWER
Not Applicable
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
1,927,300 (See Item 5)
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,927,300 (See Item 5)
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [_]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3% (See Item 5)
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
- 5 -
<PAGE>
SCHEDULE 13D
CUSIP No. 458702107 Page 6 of 15 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DICKSTEIN PARTNERS INC. 13-3321472
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) SEE ITEM 5
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
AF
- --------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
Not Applicable
NUMBER OF
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 2,446,900 (See Item 5)
EACH REPORTING
PERSON --------------------------------------------------------------
WITH 9) SOLE DISPOSITIVE POWER
Not Applicable
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
2,446,900 (See Item 5)
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,446,900 (See Item 5)
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [_]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.5% (See Item 5)
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
- 6 -
<PAGE>
SCHEDULE 13D
CUSIP No. 458702107 Page 7 of 15 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MARK AND ELYSSA DICKSTEIN FOUNDATION 22-6743850
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) SEE ITEM 5
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
Not Applicable
NUMBER OF
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 20,000 (See Item 5)
EACH REPORTING
PERSON --------------------------------------------------------------
WITH 9) SOLE DISPOSITIVE POWER
Not Applicable
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
20,000 (See Item 5)
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
20,000 (See Item 5)
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [_]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.1% (See Item 5)
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
- 7 -
<PAGE>
SCHEDULE 13D
CUSIP No. 458702107 Page 8 of 15 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MARK DICKSTEIN 13-3321472
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) SEE ITEM 5
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
PF, AF
- --------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
35,000
NUMBER OF
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 2,466,900 (See Item 5)
EACH REPORTING
PERSON --------------------------------------------------------------
WITH 9) SOLE DISPOSITIVE POWER
35,000
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
2,466,900 (See Item 5)
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,501,900 (See Item 5)
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [_]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.7% (See Item 5)
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
- 8 -
<PAGE>
Amendment No. 4 to
Schedule 13D
This amends the Schedule 13D dated July 25, 1997 (the "Schedule 13D"),
as amended by Amendment No. 1 dated September 3, 1997, as amended by Amendment
No. 2 dated October 1, 1997, as amended by Amendment No. 3 dated December 16,
1997, filed by Dickstein & Co., L.P. ("Dickstein & Co."), Dickstein Focus Fund
L.P. ("Dickstein Focus"), Dickstein International Limited ("Dickstein
International"), Dickstein Partners, L.P. ("Dickstein Partners"), Dickstein
Partners Inc. ("Dickstein Inc.") and Mark Dickstein with respect to the Common
Stock, $1.00 par value (the "Common Stock"), of The Interlake Corporation, a
Delaware corporation, (the "Company"). Notwithstanding this Amendment No. 4, the
Schedule 13D speaks as of its date. Capitalized terms used without definition
have the meanings ascribed to them in the Schedule 13D.
I. Items 2(a)-(c) of the Schedule 13D "Identity and Background" are
amended and restated as follows:
"(a) - (c) This Statement is being filed by Dickstein & Co., L.P.
("Dickstein & Co."), Dickstein Focus Fund L.P. ("Dickstein Focus"), Dickstein
International Limited ("Dickstein International"), Dickstein Partners, L.P.
("Dickstein Partners"), Dickstein Partners Inc. ("Dickstein Inc."), Mark and
Elyssa Dickstein Foundation (the "Dickstein Trust") and Mark Dickstein.
Dickstein & Co., Dickstein Focus, Dickstein International, Dickstein Partners,
Dickstein Inc., Dickstein Trust and Mark Dickstein are collectively referred to
as the "Reporting Persons."
Dickstein & Co. is a Delaware limited partnership engaged in certain
investment activities, including, but not limited to, (i) the purchase of
marketable and non-marketable securities and other obligations of bankrupt or
near bankrupt companies, (ii) risk-arbitrage transactions undertaken in
connection with, among other things, mergers and acquisitions and (iii) the
purchase of securities in entities which appear to be undervalued.
Dickstein Focus is a Delaware limited partnership which engages in
certain investment activities similar in nature to the activities engaged in by
Dickstein & Co.
Dickstein International is a limited-liability, open-end investment
fund incorporated as an international business company in the Territory of the
British Virgin Islands. Dickstein International engages in certain investment
activities similar in nature to the activities engaged in by Dickstein & Co.
Dickstein Partners is a Delaware limited partnership and the general
partner of Dickstein & Co. and Dickstein Focus and makes all investment and
trading decisions for Dickstein & Co. and Dickstein Focus.
Dickstein Inc. is a Delaware corporation and is the general partner of
Dickstein Partners and the advisor to Dickstein International. In its capacity
as advisor, Dickstein Inc. makes all investment and trading decisions for
Dickstein International. Mark Dickstein is the president and sole director of
Dickstein Inc.
Dickstein Trust is a New York Trust organized to be exempt from federal
income taxes under Section 501(c)(3) of the Internal Revenue Code. Mark
Dickstein and his wife Elyssa Dickstein are the trustees of the Dickstein Trust.
Mark Dickstein is the grantor of the Dickstein Trust and has the sole and
exclusive authority to make investments of principal of the Dickstein Trust.
The business address and the address of the principal executive office
of each of Dickstein & Co., Dickstein Focus, Dickstein Partners and Dickstein
Inc. is 660 Madison Avenue, New York, New York 10021. The business address and
the address of the principal executive office of Dickstein International is 129
Front Street, Hamilton HM 12, Bermuda. The business address of Mark Dickstein
and the Dickstein Trust is c/o Dickstein Partners, 660 Madison Avenue, New York,
New York 10021.
- 9 -
<PAGE>
The name, business address and present principal occupation or
employment of each of the executive officers and directors of Dickstein Inc.,
including Mark Dickstein, are set forth on Schedule I annexed hereto, which is
incorporated herein by reference."
II. Item 3 of the Schedule 13D "Source and Amount of Funds or other
Consideration." is amended and restated as follows:
"The shares of Common Stock reported to be owned by Dickstein & Co.,
Dickstein Focus, Dickstein International, the Dickstein Trust and Mark Dickstein
were acquired in the open market. Giving effect to certain sales of the Common
Stock, the total cost of the reported shares by Dickstein & Co., Dickstein
Focus, Dickstein International, the Dickstein Trust and Mark Dickstein was
$7,794,345, $1,029,002, $2,389,731, $94,000 and $177,466, respectively. Such
costs were funded out of working capital (and, in the case of Mark Dickstein,
personal funds, and, in the case of the Dickstein Trust, trust capital) which
may, (other than the Dickstein Trust) at any given time, include margin loans
made by brokerage firms in the ordinary course of business."
III. Items 5(a), 5(b) and 5(c) of the Schedule 13D "Interest in
Securities of the Issuer." are amended and restated as follows:
"(a) The Reporting Persons beneficially own an aggregate of 2,501,900
shares of Common Stock, representing approximately 10.7% of the Common Stock
outstanding. Dickstein & Co. owns 1,735,300 of such shares, representing
approximately 7.4% of the Common Stock outstanding, Dickstein Focus owns 192,000
of such shares, representing approximately 0.8% of the Common Stock outstanding,
Dickstein International owns 519,600 of such shares, representing approximately
2.2% of the Common Stock outstanding, the Dickstein Trust owns 20,000 of such
shares, representing approximately 0.1% of the Common Stock outstanding and Mark
Dickstein owns 35,000 of such shares, representing approximately 0.2% of the
Common Stock outstanding./1/
Mark Kaufman, a Vice President of Dickstein Inc., owns 17,000 shares of
Common Stock and Arthur Wrubel, also a Vice President of Dickstein Inc. owns
4,000 shares of Common Stock.
(b) By reason of its position as general partner of Dickstein & Co. and
Dickstein Focus, Dickstein Partners may be deemed to possess the power to vote
and dispose of the shares of Common Stock beneficially owned by Dickstein & Co.
and Dickstein Focus. By reason of its position as general partner of Dickstein
Partners and advisor to Dickstein International, Dickstein Inc. may be deemed to
possess the power to vote and dispose of the shares of Common Stock beneficially
owned by Dickstein & Co., Dickstein Focus and Dickstein International. By reason
of his position as president and sole director of Dickstein Inc., Mark Dickstein
may be deemed to possess the power to vote and dispose of the shares of Common
Stock beneficially owned by Dickstein & Co., Dickstein Focus and Dickstein
International. By reason of his position as a trustee of the Dickstein Trust,
Mark Dickstein may be deemed to possess the power to direct the vote and
disposition of the shares of Common Stock beneficially owned by the Dickstein
Trust. Pursuant to Rule 13d-4 promulgated under the Securities Exchange Act of
1934, as amended, (i) Dickstein & Co. disclaims beneficial ownership of all
shares of Common Stock beneficially owned by Dickstein International, Dickstein
Focus, the Dickstein Trust and Mark Dickstein, (ii) Dickstein Focus disclaims
beneficial ownership of all shares of Common Stock beneficially owned by
Dickstein & Co., Dickstein International, the Dickstein Trust and Mark
Dickstein, (iii) Dickstein International disclaims beneficial ownership of all
shares of Common Stock beneficially owned by Dickstein & Co., Dickstein Focus,
the Dickstein Trust and Mark Dickstein, (iv) each of Dickstein Partners,
Dickstein Inc. and Mark Dickstein disclaims beneficial ownership of the shares
of Common Stock beneficially owned by Dickstein & Co., Dickstein Focus,
Dickstein International and the Dickstein Trust, except to the extent of their
actual economic interests, (v) the Dickstein Trust disclaims beneficial
ownership of all shares of Common Stock beneficially owned by Dickstein & Co.,
Dickstein Focus, Dickstein International and Mark Dickstein and (vi) Mark
Dickstein disclaims beneficial ownership of the shares of Common Stock
beneficially owned by the Dickstein Trust.
Messrs Dickstein, Kaufman and Wrubel each possess the sole power to
vote and dispose of the Common Stock owned by him.
(c) Except for the transactions set forth on Schedule II annexed
hereto, and on Schedule II to Amendment No. 3 to the Schedule 13D, none of the
persons identified in Item 2 has effected any transactions in the Common Stock
during the past 60 days. All such transactions were effected in the open
market."
IV. Item 7 of the Schedule 13D "Material to be filed as Exhibits." is
amended and restated as follows:
"Exhibit 1 Amended and Restated Agreement of joint filing pursuant to Rule
13d-1(f) promulgated under the securities Exhange Act of 1934,
as amended."
- --------
/1/ Percentages are based upon 23,301,792 shares of Common Stock reported
outstanding as of October 15, 1997 in the Company's Quarterly Report on
Form 10-Q for the quarter ended September 28, 1997.
- 10 -
<PAGE>
SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
Statement is true, complete and correct.
Date: February 5, 1998
DICKSTEIN & CO., L.P.
By: Alan Cooper, as Vice President
of Dickstein Partners Inc.,
the general partner of
Dickstein Partners, L.P., the
general partner of Dickstein &
Co., L.P.
/s/ Alan Cooper
----------------------------------------
Name: Alan Cooper
DICKSTEIN FOCUS FUND L.P.
By: Alan Cooper, as Vice President
of Dickstein Partners Inc.,
the general partner of
Partners, L.P., the general
partner of Dickstein Focus
Fund L.P.
/s/ Alan Cooper
----------------------------------------
Name: Alan Cooper
DICKSTEIN INTERNATIONAL LIMITED
By: Alan Cooper, as Vice President
of Dickstein Partners Inc.,
the agent of Dickstein
International Limited
/s/ Alan Cooper
----------------------------------------
Name: Alan Cooper
DICKSTEIN PARTNERS, L.P.
By: Alan Cooper, as Vice President
of Dickstein Partners Inc.,
the general partner of
Dickstein Partners, L.P.
/s/ Alan Cooper
----------------------------------------
Name: Alan Cooper
- 11 -
<PAGE>
DICKSTEIN PARTNERS INC.
By: Alan Cooper, as Vice President
/s/ Alan Cooper
----------------------------------------
Name: Alan Cooper
MARK AND ELYSSA DICKSTEIN FOUNDATION
By: Mark Dickstein, as Trustee
/s/ Mark Dickstein
----------------------------------------
Name: Mark Dickstein
/s/ Mark Dickstein
----------------------------------------
Mark Dickstein
- 12 -
<PAGE>
SCHEDULE II
TRANSACTIONS IN COMMON
STOCK OF
THE INTERLAKE CORPORATION*
Shares Purchased by Dickstein & Co., L.P.
<TABLE>
<CAPTION>
Number of
Shares Price Per
Date Purchased Share Commission Total Cost
<S> <C> <C> <C> <C> <C>
01/13/98 112,500 4.5000 6,765.00 513,015.00
Shares Purchased by Dickstein International Limited
Number of
Shares Price Per
Date Purchased Share Commission Total Cost
01/13/98 59,000 4.5000 3,555.00 269,055.00
Shares Sold by Dickstein Focus Fund L.P.
Number of
Shares Price Per
Date Sold Share Commission Total Proceeds
12/22/97 7,000 4.6250 435.00 31,940.00
Shares Purchased by Mark and Elyssa Dickstein Foundation
Number of
Shares Price Per
Date Purchased Share Commission Total Cost
01/23/98 14,600 4.5959 901.00 68,001.14
01/26/98 5,400 4.7500 349.00 25,999.00
Shares Purchased by Mark Dickstein
Number of
Shares Price Per
Date Purchased Share Commission Total Cost
01/26/98 14,600 4.7500 901.00 70,251.00
01/28/98 15,400 5.2340 949.00 81,552.60
02/04/98 1,600 5.0625 121.00 8,221.00
02/05/98 3,400 5.0625 229.00 17,441.50
</TABLE>
* In addition to the transactions listed in this Schedule II, on December 24,
1997, the following transactions were effected: (i) Dickstein Focus Fund
L.P. sold 100,000 shares of Common Stock to Dickstein & Co., L.P. at a
price per share of $4.75 (excluding commission) and (ii) Dickstein Focus
Fund L.P. sold 50,000 shares of Common Stock to Dickstein International
Limited at a price per share of $4.75 (excluding commission).
- 13 -
EXHIBIT 1
AMENDED AND RESTATED AGREEMENT OF JOINT FILING
Pursuant to Rule 13d-1(f) promulgated under the Securities Exchange Act
of 1934, the undersigned persons hereby agree to file with the Securities and
Exchange Commission the Statement on Schedule 13D (the "Statement") to which
this Agreement is attached as an exhibit, and agree that such Statement, as so
filed, is filed on behalf of each of them.
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of
February 5, 1998.
DICKSTEIN & CO., L.P.
By: Alan Cooper, as Vice President
of Dickstein Partners Inc.,
the general partner of
Dickstein Partners, L.P., the
general partner of Dickstein &
Co., L.P.
/s/ Alan Cooper
---------------
Name: Alan Cooper
DICKSTEIN FOCUS FUND L.P.
By: Alan Cooper, as Vice President
of Dickstein Partners Inc.,
the general partner of
Dickstein Partners, L.P., the
general partner of Dickstein
Focus Fund L.P.
/s/ Alan Cooper
---------------
Name: Alan Cooper
DICKSTEIN INTERNATIONAL LIMITED
By: Alan Cooper, as Vice President
of Dickstein Partners Inc.,
the agent of Dickstein
International Limited
/s/ Alan Cooper
---------------
Name: Alan Cooper
DICKSTEIN PARTNERS, L.P.
By: Alan Cooper, as Vice President
of Dickstein Partners Inc.,
the general partner of
Dickstein Partners, L.P.
/s/ Alan Cooper
----------------------------------------
Name: Alan Cooper
- 14 -
<PAGE>
DICKSTEIN PARTNERS INC.
By: Alan Cooper, as Vice President
/s/ Alan Cooper
----------------------------------------
Name: Alan Cooper
MARK AND ELYSSA DICKSTEIN FOUNDATION
By: Mark Dickstein, as Trustee
/s/ Mark Dickstein
----------------------------------------
Name: Mark Dickstein
/s/ Mark Dickstein
---------------------------------------
Mark Dickstein
- 15 -
