FILE NO. 5-44017
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 2
TO
SCHEDULE 14D-1
TENDER OFFER STATEMENT PURSUANT TO SECTION 14(d)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
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DEFLECTA-SHIELD CORPORATION
(Name of Subject Company)
ZEPHYROS ACQUISITION CORPORATION
LUND INTERNATIONAL HOLDINGS, INC.
(Bidders)
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COMMON STOCK, PAR VALUE $0.01 PER SHARE
(Title of Class of Securities)
244764106
(CUSIP Number of Class of Securities)
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WILLIAM J. MCMAHON
PRESIDENT
LUND INTERNATIONAL HOLDINGS, INC.
911 LUND BOULEVARD
ANOKA, MINNESOTA 55303
(612) 576-4200
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and Communications on Behalf of
Bidder)
Copy to:
LEONARD GUBAR, ESQ.
REID & PRIEST LLP
40 WEST 57TH STREET
NEW YORK, NEW YORK 10019
(212) 603-2000
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SCHEDULE 14D-1
CUSIP NO. 244764106
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1. Name of Reporting Person
Zephyros Acquisition Corporation
S.S. or I.R.S. Identification Nos. of Above Persons
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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. Source of Funds
AF
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5. Check Box 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
Delaware
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
4,742,411 Shares of Common Stock
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8. Check Box if the Aggregate Amount in Row (7) Excludes Certain
Shares |_|
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9. Percent of Class Represented by Amount in Row (7)
98.8%
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10. Type of Reporting Person
CO
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SCHEDULE 14D-1
CUSIP NO. 244764106
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1. Name of Reporting Person
Lund International Holdings, Inc.
S.S. or I.R.S. Identification Nos. of Above Persons
41-1568618
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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. Source of Funds
WC and BK
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5. Check Box 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
Delaware
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
4,742,411 Shares of Common Stock
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8. Check Box if the Aggregate Amount in Row (7) Excludes
Certain Shares |_|
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9. Percent of Class Represented by Amount in Row (7)
98.8%
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10. Type of Reporting Person
CO
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This Amendment No. 2 dated December 30, 1997 to the Tender Offer
Statement on Schedule 14D-1 dated November 28, 1997, as amended (the
"Schedule 14D-1"), relates to the offer by Zephyros Acquisition
Corporation, a Delaware corporation (the "Purchaser") and a
wholly-owned subsidiary of Lund International Holdings, Inc. (the
"Parent"), to purchase all of the outstanding shares (the "Shares") of
common stock, par value $.01 per share (the "Common Stock"), of
Deflecta-Shield Corporation, a Delaware corporation (the "Company"),
at $16.00 per Share, net to the seller in cash, upon the terms and
subject to the conditions set forth in the Offer to Purchase, dated
November 28, 1997 (the "Offer to Purchase"), and the related Letter of
Transmittal (which together, as amended and supplemented, constitute
the "Offer").
Capitalized terms not otherwise defined herein shall have the
meanings ascribed to such terms in the Offer to Purchase.
ITEM 5(C). PURPOSE OF THE TENDER OFFER AND PLANS OR PROPOSALS OF THE
BIDDER.
Item 5 is hereby amended and supplemented by adding the
following:
Pursuant to the terms of the Merger Agreement, effective December
30, 1997, the Board of Directors of the Company was reconstituted and
is now comprised of the following six persons: Ira D. Kleiman, William
J. McMahon, Robert R. Schoeberl and Dennis Vollmershausen (each being a
designee of the Parent), and Mark C. Mamolen and Charles S. Meyer (each
being a designee of the Company). Effective December 30, 1997, William V.
Glastris, Jr., Ronald C. Katy, Russell E. Stubbings and Douglas T.
Mergenthaler resigned as members of the Board of Directors of the
Company.
ITEM 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY.
Item 6 is hereby amended and supplemented by adding the
following:
At 12:00 midnight, New York City time, on December 29, 1997, the
Offer expired. Based on information provided by the Depositary,
4,742,411 Shares (which includes 34,309 Shares delivered pursuant to the
Guaranteed Delivery procedures), or approximately 98.8% of the outstanding
Shares of Common Stock of the Company, were validly tendered and not
withdrawn pursuant to the Offer. The Purchaser has accepted for payment all
such Shares. The Shares tendered, together with all other Shares of Common
Stock of the Company beneficially owned by the Parent, represent
approximately 98.8% of the issued and outstanding Shares of Common Stock
of the Company.
ITEM 7. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO THE SUBJECT COMPANY'S SECURITIES.
Item 7 is hereby amended and supplemented by adding the
following:
By executing the Letter of Transmittal, each tendering
stockholder of the Company has appointed designees of the Parent and
the Purchaser as such stockholder's proxies with respect to the
tendered Shares. All such proxies became effective as of the
Purchaser's acceptance for payment of the Shares tendered in
response to the Offer. Such proxies are irrevocable and coupled with
an interest in the tendered Shares.
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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: December 30, 1997
ZEPHYROS ACQUISITION CORPORATION
By: /s/ William J. McMahon
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Name: William J. McMahon
Title: President
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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: December 30, 1997
LUND INTERNATIONAL HOLDINGS, INC.
By: /s/ William J. McMahon
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Name: William J. McMahon
Title: President
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