<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14D-1/A
AMENDMENT NO. 16
TO
SCHEDULE 14D-1
TENDER OFFER STATEMENT PURSUANT TO SECTION 14(d)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
HERBALIFE INTERNATIONAL, INC.
(Name of Subject Company)
MH MILLENNIUM HOLDINGS LLC
MH MILLENNIUM ACQUISITION CORP.
MARK HUGHES
(Bidders)
CLASS A COMMON STOCK, PAR VALUE $.01 PER SHARE
CLASS B COMMON STOCK, PAR VALUE $.01 PER SHARE
(Title of Class of Securities)
426908208 (CLASS A)
426908307 (CLASS B)
(Cusip Number of Class of Securities)
MH MILLENNIUM HOLDINGS LLC
MH MILLENNIUM ACQUISITION CORP.
MARK HUGHES
C/O HERBALIFE INTERNATIONAL, INC.
1800 CENTURY PARK EAST
LOS ANGELES, CA 90067
ATTN. TIMOTHY GERRITY
TEL. (310) 410-9600
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications on Behalf of Bidders)
COPY TO:
ANTHONY T. ILER, ESQ.
IRELL & MANELLA LLP
333 SOUTH HOPE STREET, SUITE 3300
LOS ANGELES, CA 90071
(213) 620-1555
(Continued on following pages)
(Page 1 of 7 pages)
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2
CUSIP No. 426908208 14D-1/A Page 2
426908307
================================================================================
1. Name of Reporting Persons MH MILLENNIUM HOLDINGS LLC
S.S. or I.R.S. Identification Nos. of Above Persons 95-475-8098
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a)/X/
(b)/ /
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Sources of Funds
Not Applicable
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(e) or 2(f)
/ /
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
DELAWARE
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
(1)
- --------------------------------------------------------------------------------
8. Check if the Aggregate Amount in Row 7 Excludes Certain Shares
/ /
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row 7
(1)
- --------------------------------------------------------------------------------
10. Type of Reporting Person
CO
================================================================================
(1) MH Millennium Holdings LLC owns no shares of any class of common stock of
the Company. The Mark Hughes Family Trust (the "Trust"), however, which is
the sole member of MH Millennium Holdings LLC, as of September 8, 1999
beneficially owned 5,704,331 Class A Shares and 11,258,665 Class B Shares,
(including 308,331 Class A Shares and 466,665 Class B Shares which the Trust
has a right to acquire within 60 days of the date hereof), representing in
the aggregate 55.4% of the outstanding Class A Shares and 59.0% of the
outstanding Class B Shares, respectively. Mark Hughes is the sole trustee of
The Mark Hughes Family Trust and its beneficiary.
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3
CUSIP No. 426908208 14D-1/A Page 3
426908307
================================================================================
1. Name of Reporting Persons MH MILLENNIUM ACQUISITION CORP.
S.S. or I.R.S. Identification Nos. of Above Persons 95 475 7938
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a)/X/
(b)/ /
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Sources of Funds
SC/BK/OO (subordinated debentures)
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5. Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(e) or 2(f)
/ /
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
NEVADA
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
(2)
- --------------------------------------------------------------------------------
8. Check if the Aggregate Amount in Row 7 Excludes Certain Shares
/ /
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row 7
(2)
- --------------------------------------------------------------------------------
10. Type of Reporting Person
CO
================================================================================
(2) MH Millennium Acquisition Corp. owns no shares of any class of common stock
of the Company. MH Millennium Holdings LLC, however, owns 100% of MH
Millennium Acquisition Corp. For further information, see note 1 on page 2
of this Schedule 14D-1.
<PAGE> 4
4
CUSIP No. 426908208 14D-1/A Page 4
426908307
================================================================================
1. Name of Reporting Persons Mark Hughes
S.S. or I.R.S. Identification Nos. of Above Persons
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a)/X/
(b)/ /
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Sources of Funds
Not Applicable
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(e) or 2(f)
/ /
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
7. Aggregate Amount Beneficially Owned by Each Reporting Person
(3)
- --------------------------------------------------------------------------------
8. Check if the Aggregate Amount in Row 7 Excludes Certain Shares
/ /
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row 7
(3)
- --------------------------------------------------------------------------------
10. Type of Reporting Person
IN
================================================================================
(3) Mr. Hughes, directly or indirectly, is the beneficial owner of 5,704,331
Class A Shares and 11,258,665 Class B Shares, excluding 183,333 Class A
Shares and 366,666 Class B Shares owned by the Herbalife Family Foundation
(in which Mr. Hughes has no pecuniary interest) and including 308,331 Class
A Shares and 466,663 Class B Shares issuable upon exercise of stock options
that are exercisable within 60 days of September 1, 1999. The Class A Shares
and the Class B Shares beneficially owned by Mr. Hughes or entities
controlled by him, calculated in accordance with the SEC's Exchange Act Rule
13d-3, represented 55.4% of the total outstanding Class A Shares and 59.0%
of the total outstanding Class B Shares as of September 1, 1999.
<PAGE> 5
MH Millennium Acquisition Corp., a Nevada corporation (the "Purchaser"),
hereby amends and supplements, as set forth in this Amendment No. 16, its Tender
Offer Statement on Schedule 14D-1, filed on September 17, 1999 (as amended, the
"Schedule 14D-1"), relating to the offer by the Purchaser to purchase all
outstanding shares of Class A common stock and Class B common stock of
Herbalife International, Inc., a Nevada corporation. The item numbers and
responses thereto below are in accordance with the requirements of Schedule
14D-1. Capitalized terms used but not defined herein have the meanings assigned
to them in the Schedule 14D-1.
ITEM 3. PAST CONTRACTS, TRANSACTIONS OR NEGOTIATIONS WITH THE SUBJECT COMPANY.
Items 3(a) and 3(b) of the Schedule 14D-1 are hereby amended as follows:
Insert the following paragraph immediately before the discussion set
forth in "SPECIAL FACTORS -- RECOMMENDATION OF THE SPECIAL COMMITTEE AND THE
BOARD OF DIRECTORS; FAIRNESS OF THE OFFER AND THE MERGER" on page 10 of the
Offer to Purchase:
On April 7, 2000, Herbalife, Mr. Hughes and his related entities entered
into Amendment No. 1 to Agreement and Plan of Merger, extending such date to
April 14, 2000.
The fifth full paragraph on page 43 of the Offer to Purchase, under the
heading "THE TENDER OFFER - 10. THE MERGER AGREEMENT", is replaced in its
entirety with the following:
(i) if the Merger shall not have been consummated on or prior to April 14,
2000; provided, however, that the right to terminate the Merger Agreement shall
not be available to any party whose failure to fulfill any material obligation
under the Merger Agreement has been the cause of, or resulted in, the failure of
the Merger to be consummated on or prior to such date; or
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS:
Item 11 of the Schedule 14D-1 is supplemented by adding the following
information thereto:
(c)(3) Amendment No. 1 to Agreement and Plan of Merger, dated as of April
7, 2000, by and among the Company, Mark Hughes, the Mark Hughes
Family Trust, the Parent and the Purchaser.
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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: April 11, 2000
MH MILLENNIUM HOLDINGS LLC:
By: /s/ MARK HUGHES
------------------------------------------
Name: Mark Hughes
Title: Managing Member
MH MILLENNIUM ACQUISITION CORP.:
By: /s/ MARK HUGHES
-----------------------------------------
Name: Mark Hughes
Title: President
/s/ MARK HUGHES
----------------------------------------------
MARK HUGHES
<PAGE> 7
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
- ----------- -----------
(c)(3) Amendment No. 1 to Agreement and Plan of Merger, dated as of April
7, 2000, by and among the Company, Mark Hughes, the Mark Hughes
Family Trust, the Parent and the Purchaser.
<PAGE> 1
AMENDMENT NO. 1 TO
AGREEMENT AND PLAN OF MERGER
This Amendment No. 1 to Agreement and Plan of Merger ("AMENDMENT"), dated
as of April 7, 2000, is entered into by and among MH Millennium Holdings LLC,
a Delaware limited liability company, located at 1800 Century Park East, Los
Angeles, California 90067 ("PARENT"), MH Millennium Acquisition Corp., a Nevada
corporation and wholly-owned subsidiary of Parent, located at 1800 Century Park
East, Los Angeles, California 90067 ("PURCHASER"), Mark Hughes, a natural person
residing in Los Angeles, California ("MR. HUGHES"), The Mark Hughes Family
Trust, a trust of which Mr. Hughes is the sole trustee ("FAMILY TRUST"), and
Herbalife International, Inc., a Nevada corporation, located at 1800 Century
Park East, Los Angeles, CA 90067 (the "COMPANY").
W I T N E S S E T H:
WHEREAS, Parent, Purchaser, Mr. Hughes, Family Trust and the Company are
parties to that certain Agreement and Plan of Merger dated as of September 13,
1999 (the "AGREEMENT");
WHEREAS, Parent, Purchaser, Mr. Hughes, Family Trust and the Company now
desire to amend the Agreement, as set forth in this Amendment.
NOW, THEREFORE, for valuable consideration, and intending to be legally
bound hereby, the parties agree as follows:
1. Section 8.1(b)(i) shall be amended in its entirety as follows:
(i) if the Merger shall not have been consummated on or prior to April 14,
2000; provided, however, that the right to terminate this Agreement under this
Section 8.1(b)(i) shall not be available to any party whose failure to fulfill
any material obligation under this Agreement has been the cause of, or resulted
in, the failure of the Merger to be consummated on or prior to such date;
2. This Amendment shall be governed by and construed in accordance with the
laws of the State of California (other than its rule of conflicts of law to the
extent that the application of the laws of another jurisdiction would be
required thereby).
3. Except as modified hereby, the Agreement shall remain in full force and
effect.
4. This Amendment may be executed in separate counterparts, all of which
taken together shall constitute a single instrument.
<PAGE> 2
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed
effective as of the day and year first above written.
COMPANY HERBALIFE INTERNATIONAL, INC.
By: /s/ MICHAEL ROSEN
------------------------------------------------
Name: Michael Rosen
Title: Executive Vice President and Chief Executive
Corporate Marketing and Corporate Development
PARENT MH MILLENNIUM HOLDINGS LLC
By: /s/ MARK HUGHES
------------------------------------------------
Name: Mark Hughes
Title: Managing Member
PURCHASER MH MILLENNIUM ACQUISITION CORP.
By: /s/ MARK HUGHES
------------------------------------------------
Name: Mark Hughes
Title: President
MR. HUGHES MARK HUGHES
/s/ MARK HUGHES
---------------------------------------------------
FAMILY TRUST THE MARK HUGHES FAMILY TRUST
By: /s/ MARK HUGHES
------------------------------------------------
Name: Mark Hughes
Title: Sole Trustee
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