<PAGE>
UNITED STATES
SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.____)*
Raytech Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
755103108
(CUSIP Number)
Vicki Z. Holleman
c/o Loeb Partners Corporation
61 Broadway, N.Y., N.Y., 10006 (212) 483-7047
(Name, address and Telephone Number of Person Authorized to Receive Notices
and Communications)
November 2, 1999
(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 [ ].
Check the following box if a fee is being paid with statement [ ]. (A fee is not
required only if the following reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described is Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such
class.)(See Rule 13d-7.) Note: Six copies of this statement, including all
exhibits, should be filed with the Commission. See Rule 13d-1(a)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. 755103108
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Loeb Partners Corporation
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS*
WC, O
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
NUMBER OF 7 SOLE VOTING POWER
SHARES 14,097 Shares of Common stock
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 11,290 Shares of Common stock
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 14,097 Shares of Common stock
PERSON WITH 10 SHARED DISPOSITIVE POWER
11,290 Shares of Common stock
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
25,387 Shares of Common stock
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.74%
14 TYPE OF REPORTING PERSON*
PN, BD, IA
<PAGE>
SCHEDULE 13D
CUSIP NO. 755103108
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Loeb Arbitrage Fund
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS
WC, O
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
NUMBER OF 7 SOLE VOTING POWER
SHARES 209,513 Shares of Common stock
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -----
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 209,513 Shares of Common stock
PERSON WITH 10 SHARED DISPOSITIVE POWER
-----
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
209,513 Shares of Common stock
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.12%
14 TYPE OF REPORTING PERSON*
PN, BD
<PAGE>
Item 1. Security and Issuer.
This statement refers to the Common Stock of Raytech Corporation, Four Corporate
Drive, Suite 295, Shelton, CT., 06484. Albert A. Canosa is the President.
Item 2. Identity and Background.
Loeb Arbitrage Fund ("LAF"), 61 Broadway, New York, New York, 10006, is a New
York limited partnership. It is a registered broker/dealer. Its general partner
is Loeb Arbitrage Management, Inc., ("LAM"), a Delaware corporation, with the
same address. Its President is Arthur E. Lee, who is also an Executive Vice
President of Loeb Partners Corporation. The other officers of LAM are Thomas L.
Kempner, Chairman of the Board, Peter A. Tcherepnine, Vice President, Edward J.
Campbell, Vice President. Loeb Partners Corporation ("LPC"), 61 Broadway, New
York, New York, 10006, is a Delaware corporation. It is a registered
broker/dealer and a registered investment adviser. Thomas L. Kempner is its
President and a director and its Chief Executive Officer. Irwin D. Rowe is a
director of LPC. Norman N. Mintz is a Vice President and also a director. Loeb
Holding Corporation ("LHC"), a Maryland corporation, 61 Broadway, New York, New
York, 10006 is the sole stockholder of Loeb Arbitrage Management, Inc. and LPC.
Thomas L. Kempner is its President and a director as well as its Chief Executive
Officer and majority stockholder. Irwin D. Rowe is a director of LHC, as are
Robert Krones, Edward E. Matthews and Norman N. Mintz. Mr. Matthews' address is
70 Pine Street, New York, New York 10270. The business address of the other
individuals is 61 Broadway, New York, New York, 10006. All of the individuals
named are United States Citizens. None have, within the last five years, been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
been or are subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violations with respect to such laws.
Item 3. Source and Amount of Funds or Other Compensation.
Shares of Common Stock were acquired by LAF and LPC in margin accounts
maintained with Bear Stearns Securities Corp.
Item 4. Purpose of Transaction.
LAF and LPC have acquired shares of Common Stock for investment purposes. LAF
and LPC reserve the right to sell shares of Common Stock or to acquire
additional shares in open market transactions or otherwise.
<PAGE>
Item 5. Interest in Securities of the Issuer.
(a) The persons reporting hereby owned the following shares of Stock as of
November 5, 1999.
Shares of Common Stock
Loeb Arbitrage Fund 209,513
Loeb Partners Corporation* 25,387
234,900
The total shares of Common Stock constitute 6.87% the 3,421,395 outstanding
shares of Common Stock as reported by the issuer.
-------------------------
*Including 11,290 shares of Common Stock purchased for the accounts of two
customers of Loeb Partners Corporation as to which it has investment discretion.
(b) See paragraph (a) above.
(c) The following purchases of Common Stock have been made in the last sixty
(60) days by the following:
Purchases of Common Stock
Holder Date Shares Average Price
Loeb Partners Corp.* 09-02-99 275 $4.27
09-08-99 235 4.33
09-13-99 300 4.33
09-13-99 75 4.33
09-16-99 300 4.40
09-20-99 100 4.33
09-21-99 100 4.39
09-30-99 8720 4.05
10-21-99 250 3.64
11-02-99 5435 3.77
11-05-99 1100 3.77
Holder Date Shares Average Price
Loeb Arbitrage Fund 09-02-99 2125 $4.27
09-08-99 1765 4.33
09-13-99 2700 4.33
09-13-99 825 4.33
09-16-99 2700 4.40
09-20-99 300 4.33
09-21-99 500 4.39
09-21-99 1435 4.39
09-30-99 71280 4.05
10-21-99 1750 3.64
10-22-99 2650 3.56
10-26-99 200 3.58
11-02-99 48865 3.77
11-05-99 8900 3.77
Sales of Common Stock
Holder Date Shares Average Price
Loeb Partners Corp.* 09-29-99 1650 $3.98
Holder Date Shares Average Price
Loeb Arbitrage Fund 09-29-99 13250 $3.98
- --------------------
*Including 600 shares of Common Stock purchased and 150 shares of Common Stock
sold for the accounts of two customers of Loeb Partners Corporation as to which
it has investment discretion.
<PAGE>
All reported transactions were effected on NASDAQ.
(d) Not applicable.
(e). Not applicable.
Item 6. Contracts,Arrangements,Understandings or Relationships with Respect to
the Issuer.
None.
Item 7. Materials to be Filed as Exhibits.
None.
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.
November 11, 1999 Loeb Arbitrage Fund
By: Loeb Arbitrage Management, Inc.
By: /s/ Arthur E. Lee, President
November 11, 1999 Loeb Partners Corporation
By: /s/ Arthur E. Lee,
Executive Vice President
