================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 1
TO
SCHEDULE 14D-1
Tender Offer Statement
Pursuant to Section 14(d)(1) of the Securities Exchange Act of 1934
Supermarkets General Holdings Corporation
(Name of Subject Company)
Koninklijke Ahold N.V. (Royal Ahold)
Croesus, Inc.
Ahold U.S.A., Inc.
Ahold Acquisition, Inc.
(Bidders)
$3.52 Cumulative Exchangeable Redeemable Preferred Stock,
par value $0.01 per share
(Title of Class of Securities)
86844620
(CUSIP Number of Class of Securities)
Mr. Paul P.J. Butzelaar
Koninklijke Ahold N.V.
Albert Heijnweg 1
1507 EH Zaandam, The Netherlands
011-31-75-659-5671
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications on Behalf of Bidder)
Copy to:
John M. Reiss, Esq.
White & Case LLP
1155 Avenue of the Americas
New York, New York 10036
(212) 819-8200
<PAGE>
SCHEDULE 14D-1
- ---------------------------------
CUSIP No. 86844620
- ---------------------------------
- -------- -----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Koninklijke Ahold N.V.
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
| | (a)
|X| (b)
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
N/A
- -------- -----------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(e) or 2(f)
| |
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
The Netherlands
- -------- -----------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- -------- -----------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES
CERTAIN SHARES
| |
- -------- -----------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
0.0%
- -------- -----------------------------------------------------------------------
10 TYPE OF REPORTING PERSON
CO
- -------- -----------------------------------------------------------------------
<PAGE>
SCHEDULE 14D-1
- ---------------------------------
CUSIP No. 86844620
- ---------------------------------
- -------- -----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Croesus, Inc.
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
| | (a)
|X| (b)
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
BK
- -------- -----------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(e) or 2(f)
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- -------- -----------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- -------- -----------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES
CERTAIN SHARES
| |
- -------- -----------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
0.0%
- -------- -----------------------------------------------------------------------
10 TYPE OF REPORTING PERSON
CO
- -------- -----------------------------------------------------------------------
<PAGE>
SCHEDULE 14D-1
- ---------------------------------
CUSIP No. 86844620
- ---------------------------------
- -------- -----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ahold U.S.A., Inc.
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
| | (a)
|X| (b)
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
- -------- -----------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(e) or 2(f)
| |
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- -------- -----------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- -------- -----------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES
CERTAIN SHARES
| |
- -------- -----------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
0.0%
- -------- -----------------------------------------------------------------------
10 TYPE OF REPORTING PERSON
CO
- -------- -----------------------------------------------------------------------
<PAGE>
SCHEDULE 14D-1
- ---------------------------------
CUSIP No. 86844620
- ---------------------------------
- -------- -----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ahold Acquisition, Inc.
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
| | (a)
|X| (b)
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
- -------- -----------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(e) or 2(f)
| |
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- -------- -----------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- -------- -----------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES
CERTAIN SHARES
| |
- -------- -----------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
0.0%
- -------- -----------------------------------------------------------------------
10 TYPE OF REPORTING PERSON
CO
- -------- -----------------------------------------------------------------------
<PAGE>
This Amendment No. 1 amends and supplements the Schedule 14D-1 filed on
March 15, 1999 relating to the offer by Ahold Acquisition, Inc., a Delaware
corporation (the "Purchaser"), a direct wholly-owned subsidiary of Ahold U.S.A.,
Inc., a Delaware corporation ("Ahold U.S.A."), an indirect wholly-owned
subsidiary of Croesus Inc., a Delaware corporation ("Croesus") and an indirect
wholly-owned subsidiary of Koninklijke Ahold N.V. (also referred to as Royal
Ahold), a public company with limited liability incorporated under the laws of
The Netherlands with its corporate seat in Zaandam (Municipality Zaanstad), The
Netherlands ("Parent"), to purchase all of the issued and outstanding shares of
the $3.52 Cumulative Exchangeable Redeemable Preferred Stock, par value $0.01
per share (the "Shares"), of Supermarkets General Holdings Corporation, a
Delaware corporation (the "Company"), at a price of $38.25 per Share (the "Offer
Price"), net to the seller in cash, without interest thereon, upon the terms and
subject to the conditions set forth in the Offer to Purchase, dated March 15,
1999 (the "Offer to Purchase"), and in the related Letter of Transmittal and
Notice of Guaranteed Delivery.
Item 10. Additional Information.
Paragraph (e) of Item 10 is hereby amended and supplemented by adding
thereto the following:
Litigation. On March 23, 1999, a purported holder of Shares filed an action
in the Court of Chancery of the State of Delaware, purportedly on behalf of the
class of the holders of the Shares, against the Company, SMG-II, the Purchaser
and the directors of the Company (collectively, the "Defendants"). The
complaint, entitled Wolfson v. Supermarkets General Holdings Corporation, et
al., C.A. No. 17047, alleges, among other things, that (i) certain of the
Defendants have issued materially false and misleading statements, and failed to
disclose material information, in the Schedule 14D-9 in violation of their
fiduciary duty of disclosure, (ii) SMG-II and the directors of the Company
breached certain fiduciary duties owed to holders of the Shares and (iii) the
Purchaser knowingly aided and abetted SMG-II's and the directors of the
Company's alleged breaches of fiduciary duty. The complaint demands, among other
things, judgment (i) enjoining the Defendants preliminarily and permanently from
consummating the Offer and related transactions, (ii) ordering the Defendants to
issue corrective disclosures, (iii) ordering the Defendants to retain an
independent financial advisor to evaluate the fairness of the Offer and the
related transactions and (iv) awarding damages to the holders of the Shares. The
Purchaser believes that the claims against it are without merit and intends to
vigorously oppose them. The Company has informed the Purchaser that the Company
believes that the claims against it, its directors and SMG-II are without merit
and that they intend to vigorously oppose them.
Paragraph (f) of Item 10 is amended by adding at the end thereof the
following:
On March 26, 1999, Royal Ahold issued a press release announcing the
extension of the Expiration Date of the Offer until 5:00 p.m., New York
City time, on Friday, May 21, 1999, unless further extended. A copy of
Royal Ahold's press release announcing the extension of the Offer is filed
as an exhibit hereto.
Item 11. Material to be Filed as Exhibits.
The following is hereby added as an exhibit:
Exhibit (a)(9) Press Release dated March 26, 1999, extending the
Expiration Date of the Offer to Purchase.
<PAGE>
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: March 26, 1999 KONINKLIJKE AHOLD N.V.
By: /S/ R. G. TOBIN
----------------------------------------------
Name: R.G. Tobin
Title: Executive Vice President
CROESUS, INC.
By: /S/ R. G. TOBIN
----------------------------------------------
Name: R.G. Tobin
Title: President and Chief Executive Officer
AHOLD U.S.A., INC.
By: /S/ R. G. TOBIN
----------------------------------------------
Name: R. G. Tobin
Title: President and Chief Executive Officer
AHOLD ACQUISITION, INC.
By: /S/ R. G. TOBIN
----------------------------------------------
Name: R. G. Tobin
Title: President
Date: March 26, 1999
For more information: 31 75 659-5720
Royal Ahold extends tender offer
Zaandam, The Netherlands, March 26, 1999 - Ahold Acquisition Inc., a
wholly-owned subsidiary of Royal Ahold, is extending the tender offer for the
Preferred Stock of Supermarkets General Holdings Corporation ('SGHC') until 5:00
p.m., New York City time, on Friday, May 21, 1999. The offer had been scheduled
to expire on April 9. The offer has been made pursuant to an agreement under
which Royal Ahold will acquire all of the outstanding shares of the capital
stock of SMG-II Holdings Corporation ('SMG-II'). SMG-II controls the US
supermarket company Pathmark Stores Inc. Based upon information provided by
Citibank N.A., as depositary for the offer, as of the close of business on March
24, 1999, 11,150 shares of the outstanding Preferred Stock have been tendered
and not withdrawn. Completion of the tender offer is subject to a number of
conditions, including obtaining necessary regulatory approvals and at least 66
2/3% of the shares of Preferred Stock being tendered in the offer and not
withdrawn.
Ahold Public Relations, tel: 31 75 659 5720
