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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 14D-1
Tender Offer Statement Pursuant to Section 14(d)(1)
of the Securities Exchange Act of 1934
(AMENDMENT No. 2)
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ARVIDA/JMB PARTNERS, L.P.
a Delaware Limited Partnership
(Name of Subject Company)
RALEIGH CAPITAL ASSOCIATES L.P.
(Bidder)
LIMITED PARTNERSHIP INTERESTS
(Title of Class
of Securities)
NONE
(CUSIP Number of Class
of Securities)
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Michael L. Ashner Copy to:
Raleigh Capital Associates L.P. Mark I. Fisher
100 Jericho Quadrangle Todd J. Emmerman
Suite 214 Rosenman & Colin LLP
Jericho, New York 11735-2717 575 Madison Avenue
(516) 822-0022 New York, New York 10022-2585
(212) 940-8800
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and
Communications on Behalf of Bidder)
(Continued on following page(s))
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CUSIP NO.: None 14D-1 PAGE 2 OF 6 PAGES
----
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RALEIGH CAPITAL ASSOCIATES L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [ ]
(b) [ ]
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3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
AF; WC
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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
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7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5 Units
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8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
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9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
Less than 1%
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10 TYPE OF REPORTING PERSON (See Instructions)
PN
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AMENDMENT NO. 2 TO SCHEDULE 14D-1
This Amendment No. 2 amends the Tender Offer Statement on Schedule
14D-1 filed with the Commission on June 19, 1996 (the "Schedule 14D-1") by
Raleigh Capital Associates L.P., a Delaware limited partnership (the
"Purchaser"), as amended by Amendment No. 1 thereto, relating to the tender
offer of the purchaser to purchase up to 185,000 of the outstanding limited
partnership interests ("Units") of Arvida/JMB Partners, L.P., a Delaware
limited partnership (the "Partnership"), at a purchase price of $421 per Unit,
less the amount of any distributions declared or made with respect to the Units
between June 19, 1996 (the "Offer Date") and the date of payment of the
Purchase Price by the Purchaser, net to the seller in cash, without interest,
upon the terms set forth in this Offer to Purchase (the "Offer to Purchase")
and in the related Letter of Transmittal, as each may be supplemented or
amended from time to time (which together constitute the "Offer") to include
the information set forth below. Terms not otherwise defined herein shall have
the meaning ascribed to them in the Schedule 14D-1 and the Offer to Purchase.
Item 10. Additional Information.
Item 10(f) is hereby amended to add the following:
The information set forth in the press release attached hereto as
Exhibit (a)(5) is incorporated herein by reference.
Item 11. Material to be Filed as Exhibits.
Item 11 is hereby amended by adding the following, which is
attached as exhibit:
(a)(5) Press release dated July 1, 1996.
3
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Signatures
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: July 1, 1996
RALEIGH CAPITAL ASSOCIATES L.P.
By: Raleigh GP Corp., General
Partner
By: /s/ Michael L. Ashner
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Name: Michael L. Ashner
Title: President
4
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Exhibit Index
<TABLE>
<CAPTION>
Sequentially
Exhibit No. Description Numbered Page
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<S> <C> <C>
(a)(5) Press release dated July 1, 1996 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
</TABLE>
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July 1, 1996
Jericho, New York
FOR IMMEDIATE RELEASE ....
Raleigh Capital Associates L.P. has announced that the purchase price
in its offer to purchase outstanding limited partnership interests of
Arvida/JMB Partner, L.P. has been increased to $421 per Unit. Unitholders who
have tendered their Units to Raleigh will automatically receive the benefit of
the increased purchase price and need not take any further action.
Raleigh's purchase price was increased to exceed the June 28, 1996
offer to purchase Units by Walton Street Capital Acquisition Co., L.L.C. III.
For additional information, contact The Herman Group Inc., the
Information Agent for Raleigh's offer, at 800- 992-6146.
