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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 14D-1/A
TENDER OFFER STATEMENT PURSUANT TO
SECTION 14(D)(1) OF THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 4)
(FINAL AMENDMENT)
AND
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
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PRATT & LAMBERT UNITED, INC.
(Name of Subject Company)
SWACQ, INC.
THE SHERWIN-WILLIAMS COMPANY
(Bidders)
COMMON STOCK, PAR VALUE $.01 PER SHARE
(Title of Class of Securities)
739732 10 5
(Cusip Number of Class of Securities)
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LOUIS E. STELLATO, ESQ.
VICE PRESIDENT, GENERAL COUNSEL AND SECRETARY
THE SHERWIN-WILLIAMS COMPANY
101 PROSPECT AVENUE, N.W.
CLEVELAND, OHIO 44115-1075
(216) 566-2000
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications on Behalf of Bidders)
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COPY TO:
JOHN A. HEALY, ESQ.
ROGERS & WELLS
200 PARK AVENUE
NEW YORK, NEW YORK 10166
(212) 878-8000
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INDEX TO EXHIBITS LOCATED AT PAGE 6
PAGE 1 OF 8 PAGES
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14D-1/13D
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CUSIP No. 739732 10 5 Page 2
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1. Name of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
SWACQ, INC.
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2. Check the Appropriate Box if a Member of a Group
(a) / /
(b) / /
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3. SEC Use Only
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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) / /
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6. Citizenship or Place of Organization
NEW YORK
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
10,825,550
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8. Check if the Aggregate Amount in Row 7 Excludes Certain Shares
/ /
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9. Percent of Class Represented by Amount in Row 7
96.3%
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10. Type of Reporting Person
CO
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14D-1/13D
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CUSIP No. 739732 10 5 Page 3
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1. Name of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
THE SHERWIN-WILLIAMS COMPANY
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2. Check the Appropriate Box if a Member of a Group
(a) / /
(b) / /
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3. SEC Use Only
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4. Sources of Funds
WC, BK
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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
OHIO
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
10,825,550
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8. Check if the Aggregate Amount in Row 7 Excludes Certain Shares
/ /
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9. Percent of Class Represented by Amount in Row 7
96.3%
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10. Type of Reporting Person
CO
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This Statement constitutes (i) the final amendment to the Tender Offer
Statement on Schedule 14D-1 originally filed with the Commission on November 9,
1995, as amended by Amendment No. 1 filed with the Commission on November 27,
1995, Amendment No. 2 filed with the Commission on December 7, 1995 and
Amendment No. 3 filed with the Commission on December 8, 1995 (the "Schedule
14D-1"), by SWACQ, Inc. (the "Purchaser"), a New York corporation and a
wholly-owned subsidiary of The Sherwin-Williams Company, an Ohio corporation
("Sherwin-Williams"), relating to the tender offer of the Purchaser to purchase
all of the outstanding shares of common stock, par value $.01 per share (the
"Common Stock"), of the Company, and the associated Common Stock Purchase Rights
(the "Rights," and together with the Common Stock, the "Shares"), at a purchase
price of $35.00 per Share, net to the seller in cash, without interest thereon,
upon the terms and subject to the conditions set forth in the Offer to Purchase
dated November 9, 1995 and in the related Letter of Transmittal (which
collectively constitute the "Offer"); and (ii) Amendment No. 1 to the Statement
on Schedule 13D originally filed with the Commission on November 9, 1995 by the
Purchaser and Sherwin-Williams. Unless the context otherwise requires,
capitalized terms used but not defined herein 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 City
time, on Friday, January 5, 1996. Based on information provided by the
Depositary, a total of 10,825,550 Shares (including 312,668 Shares subject to
guarantees of delivery or receipt of additional documentation), representing
approximately 96.3% of the outstanding Shares, were validly tendered and not
withdrawn pursuant to the Offer. The Purchaser has accepted all of those Shares
for payment pursuant to the terms of the Offer.
ITEM 10. ADDITIONAL INFORMATION.
(f) On January 8, 1996, Sherwin-Williams issued a press release announcing
the results of the Offer, a copy of which has been filed as Exhibit (a)(12) to
this Amendment No. 4 and is incorporated herein by reference in its entirety.
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
(a)(12) Text of press release issued by Sherwin-Williams on January 8, 1996.
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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: January 8, 1996
SWACQ, INC.
By: /s/ C.G. IVY
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C.G. Ivy
Vice President
THE SHERWIN-WILLIAMS COMPANY
By: /s/ C.G. IVY
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C.G. Ivy
Vice President -- Corporate Planning
and Development
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EXHIBIT INDEX
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EXHIBIT NO. DESCRIPTION
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(a)(12) Text of press release issued by Sherwin-Williams on January 8, 1996.
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FOR IMMEDIATE RELEASE
CONTACT: CONWAY G. IVY
VICE PRESIDENT, CORPORATE
[LOGO] NEWS: PLANNING AND DEVELOPMENT
216-566-2102
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The Sherwin-Williams Company - 101 Prospect Avenue, N.W. -
Cleveland, Ohio 44115 - (216) 566-2140
CLEVELAND, OHIO, January 8, 1996 -- The Sherwin-Williams Company (NYSE:SHW)
today announced that its tender offer for all of the outstanding stock of Pratt
& Lambert United, Inc. (NYSE:PLU) expired pursuant to its terms at 5:00 p.m.,
New York time, on January 5, 1996. Sherwin-Williams reported that 10,825,550
shares (or approximately 96.3% of the total shares outstanding) were validly
tendered and not withdrawn pursuant to the offer (including 312,668 shares
subject to guarantees of delivery or receipt of additional documents) and that
Sherwin-Williams has accepted all of those shares for payment. Sherwin-Williams
believes that there are approximately 410,811 additional shares outstanding
which are not owned by Sherwin-Williams or by Pratt & Lambert as treasury stock.
The tender offer was made pursuant to a merger agreement between
Sherwin-Williams and Pratt & Lambert. Pursuant to the terms of the merger
agreement, Pratt & Lambert will soon be merged with a subsidiary of
Sherwin-Williams, and all shares of Pratt & Lambert stock not tendered and
purchased pursuant to the offer or otherwise owned by Sherwin-Williams (other
than shares owned by Pratt & Lambert shareholders who properly exercise
appraisal rights under New York law) will be converted into the right to receive
$35.00 per share in cash.
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