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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 14D-9
SOLICITATION/RECOMMENDATION STATEMENT PURSUANT TO SECTION 14(d)(4) OF THE
SECURITIES EXCHANGE ACT OF 1934
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(AMENDMENT NO. 4)
ARVIDA/JMB PARTNERS, L.P.
(NAME OF SUBJECT COMPANY)
ARVIDA/JMB PARTNERS, L.P.
(NAME OF PERSON FILING STATEMENT)
LIMITED PARTNERSHIP INTERESTS
AND ASSIGNEE INTERESTS THEREIN
(TITLE OF CLASS OF SECURITIES)
NONE
(CUSIP NUMBERS OF CLASSES OF SECURITIES)
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GARY NICKELE
ARVIDA/JMB MANAGERS, INC.
900 NORTH MICHIGAN AVENUE
CHICAGO, ILLINOIS 60611
(312) 440-4800
(NAME, ADDRESS, AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES
AND COMMUNICATIONS ON BEHALF OF THE PERSON(S) FILING STATEMENT)
COPY TO:
MICHAEL H. KERR, P.C.
KIRKLAND & ELLIS
200 EAST RANDOLPH DRIVE
CHICAGO, ILLINOIS 60601
(312) 861-2094
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This Amendment amends and supplements the Solicitation/Recommendation
Statement on Schedule 14D-9 (the "Statement") filed by Arvida/JMB Partners,
L.P. (the "Partnership"), on July 3, 1996, as previously amended by Amendment
No. 1 filed on July 12, 1996, Amendment No. 2 filed on July 24, 1996 and
Amendment No. 3 filed on July 30, 1996. Unless otherwise indicated, capitalized
terms used herein have the same meanings as set forth in the originally filed
Statement, as previously amended.
ITEM 5. PERSONS RETAINED, EMPLOYED OR TO BE COMPENSATED
Item 5 of the Statement is amended to add the following information:
The Partnership has retained D. F. King & Co., Inc. to act as Information
Agent for the Partnership in connection with the Offers. The Partnership will
pay D. F. King & Co., Inc. reasonable and customary compensation for its
services, plus reimbursement for certain reasonable out-of-pocket expenses.
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ITEM 9. MATERIAL TO BE FILED AS EXHIBITS
Item 9 of the Statement is amended to add the following Exhibits:
<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
------- -----------
<C> <S>
(b)(1) Notice of Withdrawal of Previously Tendered Units
(Raleigh Offer)
(b)(2) Notice of Withdrawal of Previously Tendered Units
(Walton Offer)
</TABLE>
3
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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.
Arvida/JMB Partners, L.P.
By: Arvida/JMB Managers, Inc.,
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General Partner of the Partnership
By: /s/ Judd D. Malkin
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Name: Judd D. Malkin
Title: Chairman
Dated: July 30, 1996
4
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EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT PAGE
NUMBER DESCRIPTION NO.
------- ----------- ----
<C> <S> <C>
(b)(1) Notice of Withdrawal of Previously Tendered Units
(Raleigh Offer)
(b)(2) Notice of Withdrawal of Previously Tendered Units
(Walton Offer)
</TABLE>
5
<PAGE>
Exhibit (b)(1)
NOTICE OF WITHDRAWAL
OF
PREVIOUSLY TENDERED UNITS
OF
ARVIDA/JMB PARTNERS L.P.
TO: THE HERMAN GROUP, INC.
By Hand/Overnight Delivery
THE HERMAN GROUP, INC.
26th Floor
2121 San Jacinto Street
Dallas, Texas 75221-9602
By Facsimile (214) 999-9348
Confirm by telephone (800) 992-6146
Gentlemen:
The following units (the "Units") of Arvida/JMB Partners, L.P. (the
"Partnership") previously tendered to Raleigh Capital Associates, L.P. are
hereby withdrawn. A failure to complete the Section "Number of Units Tendered"
shall be deemed to indicate the intent of the undersigned that all Units
tendered to Raleigh Capital Associates, L.P. are hereby withdrawn.
<TABLE>
<CAPTION>
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DESCRIPTION OF UNIT(S) WITHDRAWN
SIGNATURES OF UNITHOLDERS
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All registered Unitholder(s) must sign exactly as name(s) appear(s) on the Partnership records. See
Instruction 3.
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<S> <C>
_____________________________________________
(Print Name(s))
_____________________________________________ Number of
Units Tendered:____________
_____________________________________________ Dated:_____________________
(Signature(s))
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</TABLE>
<PAGE>
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If signing as a trustee, executor, administrator, guardian, attorney-in-fact,
officer of a corporation or other person acting in a fiduciary or representative
capacity, please provide the following information and see Instruction 3.
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Name(s) and
Capacity:______________________________________________________________________
Address:_______________________________________________________________________
City, State:_________________________________________Zip Code:_________________
Area Code and Tel. No.________________________________________________
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(See Instructions on third page)
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SIGNATURE GUARANTEE
(To be completed only if signatures were guaranteed on original Letter of
Transmittal)
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Name and Address of Eligible Institution:______________________________________
_______________________________________________________________________________
Authorized Signature:______________________________________________
Title:_____________________________________________________________
Name:________________________________________________ Date: _____________, 1996
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<PAGE>
INSTRUCTIONS
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1. DELIVERY OF NOTICE OF WITHDRAWAL. If withdrawing Units previously
tendered pursuant to the Raleigh Offer to Purchase, please complete, execute,
detach and send the attached "Notice of Withdrawal of Previously Tendered Units"
of Arvida/JMB Partners, L.P. ("Notice of Withdrawal"), to The Herman Group. The
Herman Group must receive the Notice of Withdrawal prior to 12:00 midnight, New
York City time, on August 1, 1996, unless further extended. Receipt of the
facsimile transmission of the Notice of Withdrawal should be confirmed by
telephone at the number set forth on the Notice of Withdrawal.
2. INADEQUATE SPACE. If the space provided in the Notice of
Withdrawal is inadequate, all such additional information should be listed on a
separate schedule and attached as part of the Notice of Withdrawal.
3. SIGNATURE ON NOTICE OF WITHDRAWAL. The Notice of Withdrawal must
be signed, as applicable, by the person(s) who signed the Letter of Transmittal
related to the Raleigh Offer, in the same manner as such Letter of Transmittal
was signed. The signatures must correspond exactly with the name(s) as they
appear on the Partnership records. If any Units tendered pursuant to the Raleigh
Offer are registered in the names of two or more joint holders, all such holders
must sign, as applicable, the Notice of Withdrawal. If the Notice of Withdrawal
is signed by any trustee, executor, administrator, guardian, attorney-in-fact,
officer of a corporation, or others acting in a fiduciary capacity, such persons
should so indicate when signing and must submit proper evidence of their
authority to act.
4. GUARANTEE OF SIGNATURES. If the signature was guaranteed on the
Letter of Transmittal, then it must be guaranteed on the Notice of Withdrawal.
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<PAGE>
Exhibit (b)(2)
NOTICE OF WITHDRAWAL
OF
PREVIOUSLY TENDERED UNITS
OF
ARVIDA/JMB PARTNERS L.P.
TO: TRUST COMPANY OF AMERICA
By Hand/Overnight Delivery
TRUST COMPANY OF AMERICA
7103 South Revere Parkway
Englewood, CO 80112
By Facsimile (303) 705-6171
Confirm by telephone (800) 797-6812
Gentlemen:
The following units (the "Units") of Arvida/JMB Partners, L.P. (the
"Partnership") previously tendered to Walton Street Capital Acquisition Co. III,
L.L.C. are hereby withdrawn. A failure to complete the Section "Number of Units
Tendered" shall be deemed to indicate the intent of the undersigned that all
Units tendered to Walton Street Capital Acquisition Co. III, L.L.C. are hereby
withdrawn.
<TABLE>
<CAPTION>
DESCRIPTION OF UNIT(S) WITHDRAWN AND
SIGNATURES OF UNITHOLDERS
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All registered Unitholder(s) must sign exactly as name(s) appear(s) on the Partnership records. See
Instruction 3.
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<C> <C>
_____________________________________________
(Print Name(s))
_____________________________________________ Number of
Units Tendered:____________
_____________________________________________ Dated:_____________________
(Signature(s))
_____________________________________________
</TABLE>
<PAGE>
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If signing as a trustee, executor, administrator, guardian, attorney-in-fact,
officer of a corporation or other person acting in a fiduciary or representative
capacity, please provide the following information and see Instruction 3.
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Name(s) and
Capacity:______________________________________________________________________
Address:_______________________________________________________________________
City, State:_________________________________________Zip Code:_________________
Area Code and Tel. No.________________________________________________
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(See Instructions on third page)
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SIGNATURE GUARANTEE
(To be completed only if signatures were guaranteed on original Letter of
Transmittal)
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Name and Address of Eligible Institution:______________________________________
_______________________________________________________________________________
Authorized Signature:______________________________________________
Title:_____________________________________________________________
Name:________________________________________________ Date: _____________, 1996
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<PAGE>
INSTRUCTIONS
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1. DELIVERY OF NOTICE OF WITHDRAWAL. If withdrawing Units
previously tendered pursuant to the Walton Offer to Purchase, please complete,
execute, detach and send the attached "Notice of Withdrawal of Previously
Tendered Units" of Arvida/JMB Partners, L.P. ("Notice of Withdrawal"), to Trust
Company of America, which must be received prior to 12:00 midnight, New York
City time, on August 1, 1996, unless further extended. Receipt of the facsimile
transmission of the Notice of Withdrawal should be confirmed by telephone at the
number set forth on the Notice of Withdrawal.
2. INADEQUATE SPACE. If the space provided in the Notice of
Withdrawal is inadequate, all such additional information should be listed on a
separate schedule and attached as part of the Notice of Withdrawal.
3. SIGNATURE ON NOTICE OF WITHDRAWAL. The Notice of Withdrawal must
be signed, as applicable, by the person(s) who signed the Letter of Acceptance
related to the Walton Offer, in the same manner as such Letter of Acceptance was
signed. The signatures must correspond exactly with the name(s) as they appear
on the Partnership records. If any Units tendered pursuant to the Walton Offer
are registered in the names of two or more joint holders, all such holders must
sign, as applicable, the Notice of Withdrawal. If the Notice of Withdrawal is
signed by any trustee, executor, administrator, guardian, attorney-in-fact,
officer of a corporation, or others acting in a fiduciary capacity, such persons
should so indicate when signing and must submit proper evidence of their
authority to act.
4. GUARANTEE OF SIGNATURES. If the signature was guaranteed on the
Letter of Transmittal, then it must be guaranteed on the Notice of Withdrawal.
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