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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13E-4
(Final Amendment)
Issuer Tender Offer Statement
(Pursuant to Section 13(e)(1) of the Securities Exchange Act of 1934)
____________________
Transnational Industries, Inc.
(Name of Issuer)
Transnational Industries, Inc.
(Name of Person Filing Statement)
Series B Cumulative Convertible Preferred Stock,
$0.01 par value per share
(Title of Class of Securities)
(Cusip Number of Class of Securities:N/A)
___________________
Mr. Paul L. Dailey
Secretary, Treasurer and Chief Financial Officer
Transnational Industries, Inc.
Post Office Box 198
U.S. Route 1
Chadds Ford, Pennsylvania
(610) 459 - 5200
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications on Behalf of Person Filing Statement)
____________________
Copies to:
David I. Albin, Esq.
Finn Dixon & Herling LLP
One Landmark Square
Stamford, Connecticut 06901
(203) 325 - 5000
____________________
September 26, 1997
(Date Tender Offer First Published,
Sent or Given to Security Holders)
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EXPLANATORY NOTE
This Final Amendment amends and supplements the Issuer Tender Offer
Statement on Schedule 13E-4, dated as of September 26, 1997 (the "Statement"),
relating to the offer (the "Exchange Offer") by Transnational Industries, Inc.,
a Delaware corporation (the "Company"), to the holders of the Company's Series B
Cumulative Convertible Preferred Stock, $0.01 par value per share (the
"Preferred Stock") to exchange each share of Preferred Stock for 125 shares of
the Company's Common Stock, $0.20 par value per share (the "Common Stock"), upon
the terms and subject to the conditions set forth in the Exchange Offer and
related Letter of Transmittal. Copies of the Exchange Offer and the Letter of
Transmittal, among other documents, have been filed by the Company as Exhibits
to this Statement. The Statement is hereby amended to incorporate the
information included in the item referred to below.
ITEM 1. SECURITY AND ISSUER.
The Exchange Offer expired at 5:00 p.m. Eastern Daylight Saving Time,
on Friday, November 28, 1997. Holders of 1,414 shares of the Preferred Stock
have accepted the Exchange Offer. Accordingly, the Company will be issuing
176,750 shares of its authorized Common Stock in exchange for the 1,414 shares
of Preferred Stock which will be retired.
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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.
TRANSNATIONAL INDUSTRIES, INC.
By:/s/ Paul Dailey
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Name: Paul Dailey
Title: Chief Financial Officer
Dated: December 12, 1997
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