SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 14D-1/A
(Amendment No. 1)
TENDER OFFER STATEMENT PURSUANT TO SECTION 14(d)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
AND
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
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ULTRA PAC, INC.
(Name of Subject Company)
PACKAGE ACQUISITION, INC.
IVEX PACKAGING CORPORATION
(Bidders)
COMMON STOCK, NO PAR VALUE PER SHARE
(Title of Class of Securities)
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903886
(Cusip Number of Class of Securities)
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G. DOUGLAS PATTERSON
VICE PRESIDENT, GENERAL COUNSEL AND SECRETARY
IVEX PACKAGING CORPORATION
100 TRI-STATE DRIVE
LINCOLNSHIRE, ILLINOIS 60069
(Name, Address And Telephone Number of Person Authorized to
Receive Notices And Communications on Behalf of Bidder)
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Copy To:
WILLIAM R. KUNKEL, ESQ.
SKADDEN, ARPS, SLATE, MEAGHER & FLOM (ILLINOIS)
333 WEST WACKER DRIVE
CHICAGO, ILLINOIS 60606
(312) 407-0700
MARCH 31, 1998
(Date of Event Which Requires Filing of This Statement)
CALCULATION OF FILING FEE
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TRANSACTION VALUE* AMOUNT OF FILING FEE
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$66,971,260 $13,395
* Estimated for purposes of calculating the filing fee only. This
amount assumes the purchase of 3,893,791 shares of Ultra Pac, Inc.
Common Stock, including the associated preferred stock purchase
rights ("Shares"), which are outstanding at $15.50 per share, and
637,524 Shares which are subject to outstanding options and warrants
at $15.50 per Share less the exercise price of such options and
warrants. The amounts of the filing fee, calculated in accordance
with Rule 0-11(d) under the Securities Exchange Act of 1934, as
amended, equals 1/50 of one percent of the value of the Shares to be
purchased.
|X| Check box if part of the fee is offset as provided by Rule
0-11(a)(2) and identify the filing with which the offsetting
fee was previously paid. Identify the previous filing by
registration statement number, or the Form or Schedule and the
date of its filing.
Amount Previously Paid: $13,395
Form or Registration No.: Schedule 14D-1
Filing Party: Package Acquisition, Inc. and Ivex Packaging Corporation
Date Filed: March 26, 1998
This Amendment No. 1 (this "Amendment") amends and supplements the
Tender Offer Statement on Schedule 14D-1 originally filed on March 26, 1998
(the "Schedule 14D-1") by Package Acquisition, Inc., a Minnesota
corporation (the"Purchaser") and an indirect wholly-owned subsidiary of
Ivex Packaging Corporation, a Delaware corporation ("Parent"), relating to
the Purchaser's tender offer for all outstanding shares of Common Stock, no
par value per share (the "Common Stock"), including the associated
preferred share purchase rights (the "Rights", and together with the Common
Stock, the "Shares"), of Ultra Pac, Inc., a Minnesota corporation (the
"Company"), at $15.50 per Share, net to the seller in cash, upon the terms
and subject to the conditions set forth in the Offer to Purchase dated
March 26, 1998 (the "Offer to Purchase"), a copy of which was filed as
Exhibit (a)(1) to the Schedule 14D-1, and in the related Letter of
Transmittal (which together constitute the "Offer"), a copy of which was
filed as Exhibit (a)(2) to the Schedule 14D-1.
Unless otherwise defined herein, all capitalized terms used in this
Amendment shall have the meanings attributed to them in the Schedule 14D-1.
The item numbers and responses thereto below are in accordance with the
requirements of Schedule 14D-1.
ITEM 10. ADDITIONAL INFORMATION TO BE FURNISHED.
Item 10 is hereby amended and supplemented by addition of the
following information under the heading "Antitrust":
On March 31, 1998, the Purchaser and the Company each filed a
Notification and Report Form with respect to the Offer under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the
"HSR Act"), and requested early termination of the waiting period
thereunder. In accordance therewith, the waiting period under the HSR
Act is scheduled to expire at 11:59 p.m., New York City time, on
April 15, 1998, unless early termination of the waiting period is
granted or unless the waiting period is extended in the event that
either the antitrust division of the Department of Justice or the
Federal Trade Commission requests additional information or
documentary material from the Company or Parent concerning the Offer.
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.
Dated: April 1, 1998 IVEX PACKAGING CORPORATION
By: /S/ G. DOUGLAS PATTERSON
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Name: G. Douglas Patterson
Title: Vice President
