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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
----------------------
SCHEDULE 14D-1
TENDER OFFER STATEMENT PURSUANT TO SECTION 14(D)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)
(FINAL AMENDMENT)
AND
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
----------------------
DAVIDSON GROWTH PLUS, L.P.
(Name of Subject Issuer)
DGP ACQUISITION, L.L.C.
INSIGNIA FINANCIAL GROUP, INC.
IB HOLDING, INC.
RIVERDALE INVESTORS CORP., INC.
CARL C. ICAHN
(Bidders)
UNITS OF LIMITED PARTNERSHIP INTEREST
(Title of Class of Securities)
NONE
(Cusip Number of Class of Securities)
----------------------
JOHN K. LINES, ESQ.
GENERAL COUNSEL AND SECRETARY
INSIGNIA FINANCIAL GROUP, INC.
ONE INSIGNIA FINANCIAL PLAZA
GREENVILLE, SOUTH CAROLINA 29602
(803) 239-1675
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications on Behalf of Bidders)
----------------------
Copy to:
JOHN A. HEALY, ESQ.
ROBERT E. KING, JR., ESQ.
ROGERS & WELLS
200 PARK AVENUE
NEW YORK, NEW YORK 10166
(212) 878-8000
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Index to Exhibits Located at Page 9
Page 1 of 10 Pages
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<PAGE>
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CUSIP No. None 14D-1/13D Page 2
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1. Name of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
DGP ACQUISITION, L.L.C.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) [x]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Sources of Funds
WC, AF
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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
DELAWARE
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
2,127.33
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8. Check if the Aggregate Amount in Row 7 Excludes Certain Shares*
[x]
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row 7
7.5% (Based on 28,371.75 Units reported as
outstanding as of September 30, 1995)
- --------------------------------------------------------------------------------
10. Type of Reporting Person
OO
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* Excludes 55 Units owned by an affiliate of Insignia Financial Group, Inc.
and 25 Units owned by an affiliate of Carl C. Icahn with respect to which
DGP Acquisition, L.L.C. has no voting power or investment power.
See Item 6.
<PAGE>
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CUSIP No. None 14D-1/13D Page 3
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1. Name of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
INSIGNIA FINANCIAL GROUP, INC.
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2. Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Sources of Funds
WC
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(e) or 2(f)
[ ]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
DELAWARE
- --------------------------------------------------------------------------------
7. Aggregate Amount Beneficially Owned by Each Reporting Person
2,182.33
- --------------------------------------------------------------------------------
8. Check if the Aggregate Amount in Row 7 Excludes Certain Shares*
[x]
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row 7
7.7% (Based on 28,371.75 Units reported as outstanding
as of September 30, 1995)
- --------------------------------------------------------------------------------
10. Type of Reporting Person
CO
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* Excludes 25 Units owned by an affiliate of Carl C. Icahn with respect to
which Insignia Financial Group, Inc. has no voting power or investment
power. See Item 6.
<PAGE>
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CUSIP No. None 14D-1/13D Page 4
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1. Name of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
IB HOLDING, INC.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Sources of Funds
WC, AF
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(e) or 2(f)
[ ]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
DELAWARE
- --------------------------------------------------------------------------------
7. Aggregate Amount Beneficially Owned by Each Reporting Person
2,182.33
- --------------------------------------------------------------------------------
8. Check if the Aggregate Amount in Row 7 Excludes Certain Shares*
[X]
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row 7
7.7% (Based on 28,371.75 Units reported as outstanding
as of September 30, 1995)
- --------------------------------------------------------------------------------
10. Type of Reporting Person
CO
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* Excludes 25 Units owned by an affiliate of Carl C. Icahn with respect to
which IB Holding, Inc. has no voting power or investment power. See Item 6.
<PAGE>
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CUSIP No. None 14D-1/13D Page 5
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1. Name of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
RIVERDALE INVESTORS CORP., INC.
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2. Check the Appropriate Box if a Member of a Group
(a) [x]
(b) [ ]
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3. SEC Use Only
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4. Sources of Funds
WC
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(e) or 2(f) [ ]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
DELAWARE
- --------------------------------------------------------------------------------
7. Aggregate Amount Beneficially Owned by Each Reporting Person
2,152.33
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8. Check if the Aggregate Amount in Row 7 Excludes Certain Shares*
[x]
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row 7
7.6% (Based on 28,371.75 Units reported as outstanding
as of September 30, 1995)
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10. Type of Reporting Person
CO
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* Excludes 55 Units owned by an affiliate of Insignia Financial Group, Inc.
with respect to which Riverdale Investors Corp., Inc. has no voting power
or investment power. See Item 6.
<PAGE>
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CUSIP No. None 14D-1/13D Page 6
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1. Name of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
CARL C. ICAHN
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2. Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [ ]
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3. SEC Use Only
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4. Sources of Funds
Not Applicable
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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
USA
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
2,152.33
- --------------------------------------------------------------------------------
8. Check if the Aggregate Amount in Row 7 Excludes Certain Shares*
[X]
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row 7
7.6% (Based on 28,371.75 Units reported as outstanding as
of September 30, 1995)
- --------------------------------------------------------------------------------
10. Type of Reporting Person
IN
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* Excludes 55 Units owned by an affiliate of Insignia Financial Group, Inc.
with respect to which Mr. Icahn has no voting power or investment power.
See Item 6.
<PAGE>
This Statement constitutes (i) the final Amendment to the Tender Offer
Statement on Schedule 14D-1 originally filed with the Commission on December 8,
1995, as amended by Amendment No. 1 filed with the Commission on January 9, 1996
(the "Schedule 14D-1"), by DGP Acquisition, L.L.C., a Delaware limited liability
company (the "Purchaser"), relating to the tender offer of the Purchaser to
purchase up to 11,349 of the outstanding units of limited partnership interest
("Units") of Davidson Growth Plus, L.P., a Delaware limited partnership (the
"Partnership"), at a purchase price of $240.00 per Unit, net to the seller in
cash, upon the terms and subject to the conditions set forth in the Offer to
Purchase dated December 8, 1995 and the related Assignment of Partnership
Interest (which collectively constitute the "Offer"); and (ii) the initial
Statement on Schedule 13D of the Purchaser, Insignia Financial Group, Inc.
("Insignia"), IB Holding, Inc. ("Holding"), Riverdale Investors Corp., Inc.
("Riverdale") and Carl C. Icahn ("Mr. Icahn"). Capitalized terms used but not
defined herein shall have the meanings ascribed to them in the Schedule 14D-1
and the Offer to Purchase.
ITEM 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY.
(a)-(b) The Offer expired pursuant to its terms at 5:00 p.m., New York
time, on Tuesday, January 16, 1996. Based on information provided by the
Depositary, a total of 2,127.33 Units, representing approximately 7.5% of the
outstanding Units, were tendered and not withdrawn pursuant to the Offer. The
Purchaser has accepted all of those Units for payment pursuant to the terms of
the Offer.
Liquidity Assistance L.L.C., a wholly-owned subsidiary of Insignia, owns 55
Units. Each of the Purchaser, Riverdale and Mr. Icahn expressly disclaims
beneficial ownership of those Units.
Longacre Corp., a corporation owned 100% by Mr. Icahn, owns 25 Units. Each
of the Purchaser, Insignia and Holding expressly disclaims beneficial ownership
of those Units.
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
(z)(2) Agreement of Joint Filing, dated January 18, 1996, among the
Purchaser, Insignia, Holding, Riverdale and Mr. Icahn.
7
<PAGE>
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: January 18, 1996
DGP ACQUISITION, L.L.C.
By: IB Holding, Inc., Manager
By: /s/ JEFFREY L. GOLDBERG
----------------------------
Jeffrey L. Goldberg
President
INSIGNIA FINANCIAL GROUP, INC.
By: /s/ FRANK M. GARRISON
----------------------------
Frank M. Garrison
Executive Managing Director
IB HOLDING, INC.
By: /s/ JEFFREY L. GOLDBERG
----------------------------
Jeffrey L. Goldberg
President
RIVERDALE INVESTORS CORP., INC.
By: /s/ ROBERT J. MITCHELL
----------------------------
Robert J. Mitchell
Vice President
CARL C. ICAHN*
*By: /s/ THEODORE ALTMAN
----------------------------
Theodore Altman
Attorney-in-Fact
[Signature Page for Amendment No. 2 to Schedule 14D-1/Schedule 13D for
Davidson Growth Plus]
8
<PAGE>
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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(z)(2) Agreement of Joint Filing, dated January 18, 1996, among the
Purchaser, Insignia, Holding, Riverdale and Mr. Icahn.
9
AGREEMENT OF JOINT FILING
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DGP Acquisition, L.L.C., Insignia Financial Group, Inc., IB Holding, Inc.,
Riverdale Investors Corp., Inc. and Carl C. Icahn hereby agree that the
Statement on Schedule 13D to which this agreement is attached as an exhibit, as
well as all future amendments to such Statement, shall be filed jointly on
behalf of each of them. This agreement is intended to satisfy the requirements
of Rule 13d-1(f)(1)(iii) under the Securities Exchange Act of 1934, as amended.
Dated: January 18, 1996
DGP ACQUISITION, L.L.C. INSIGNIA FINANCIAL GROUP, INC.
By: IB Holding, Inc., Manager
By: /s/ JEFFREY L. GOLDBERG By: /s/ FRANK M. GARRISON
---------------------------- ------------------------------
Jeffrey L. Goldberg Frank M. Garrison
President Executive Managing Director
IB HOLDING, INC. RIVERDALE INVESTORS CORP., INC.
By: /s/ JEFFREY L. GOLDBERG By: /s/ ROBERT J. MITCHELL
--------------------------- ------------------------------
Jeffrey L. Goldberg Robert J. Mitchell
President Vice President
CARL C. ICAHN*
*By: /s/ THEODORE ALTMAN
----------------------------
Theodore Altman
Attorney-in-Fact
[Signature Page to Davidson Growth Plus Joint Filing Agreement]
