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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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AMENDMENT NO. 2 TO
SCHEDULE 14D-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)
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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
(847) 945-9100
(Name, Address and Telephone Number of Persons 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
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This Amendment No. 2 amends and supplements the Tender Offer Schedule on
14D-1, as amended, (the "Schedule 14D-1") filed with the Securities and
Exchange Commission on March 26, 1998, as amended on April 1, 1998, by Package
Acquisition, Inc. ("Purchaser") and indirect wholly-owned subsidiary of Ivex
Packaging Corporation, a Delaware corporation ("Parent"), relating to the offer
to purchase 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").
Capitalized terms used but not defined herein have the meaning ascribed to
such terms in the Offer to Purchase and the Schedule 14D-1.
ITEM 10. ADDITIONAL INFORMATION.
The information set forth in Item 10(b) and (c) of Schedule 14D-1 is
hereby amended and supplemented by the following information:
On April 13, 1998, the Federal Trade Commission's Premerger
Notification Office advised the Purchaser that early termination of the
applicable waiting period under the HSR Act with respect to the Offer had been
granted as of such date.
ITEM 11. MATERIALS TO BE FILED AS EXHIBITS.
(a)(1) Offer to Purchase, dated March 26, 1998.*
(a)(2) Letter of Transmittal with respect to the Shares.*
(a)(3) Letter, dated March 26, 1998, from Innisfree M&A Incorporated to
Brokers, Dealers, Banks, Trust Companies and Other Nominees.*
(a)(4) Letter for use by Brokers, Dealers, Banks, Trust Companies and
Nominees to their Clients.*
(a)(5) Notice of Guaranteed Delivery with respect to the Shares.*
(a)(6) Guidelines for Certification of Taxpayer Identification Number on
Substitute Form W-9.*
(a)(7) Press Release jointly issued by Parent and the Company, dated March
23, 1998.*
(a)(8) Form of Summary Advertisement, dated March 26, 1998.*
(b)(1) Amended and Restated Credit Agreement, dated as of October 2, 1997,
by and among IPC, Inc., Parent, NationsBank, N.A. and Bankers
Trust, as agents, and the guarantors and lenders identified on the
signature pages thereto (incorporated herein by reference to
Parent's Annual Report on Form 10-K for the year ended December 31,
1997).
(b)(2) Form of Amended and Restated Pledge Agreement, dated as of
October 2, 1997, among IPC, Inc., Parent, certain of IPC Inc.'s
subsidiaries and NationsBank, N.A., and Bankers Trust Company, as
agents (incorporated herein by reference to Parent's Annual Report
on Form 10-K for the year ended December 31, 1997).
(b)(3) Form of Amended and Restated Security Agreement, dated as of
October 2, 1997, among IPC, Inc., Parent, and certain of IPC Inc.'s
subsidiaries and NationsBank, N.A., and Bankers Trust Company, as
agents (incorporated herein by reference to Parent's Annual Report
on Form 10-K for the year ended December 31, 1997).
(b)(4) Form of Amended and Restated Mortgage and Security Agreement
(incorporated herein by reference to Parent's Annual Report on Form
10-K for the year ended December 31, 1997).
(c)(1) Agreement and Plan of Merger, dated as of March 23, 1998, by and
among Parent, the Purchaser and the Company.*
(c)(2) Form of Tender and Option Agreement, dated as of March 23, 1998,
by and between Parent and certain shareholders of the Company.*
(c)(3) Confidentiality Agreement, dated February 27, 1998, by and between
Parent and the Company.*
(d) None.
(e) Not applicable.
(f) None.
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* Previously filed.
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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.
Package Acquisition, Inc.
By: /s/ G. DOUGLAS PATTERSON
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Name: G. Douglas Patterson
Title: Secretary
Date: April 14, 1998
