IDS SHURGARD INCOME GROWTH PARTNERS LP
SC 14D1/A, 1996-08-12
PUBLIC WAREHOUSING & STORAGE
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
 
                            ------------------------
 
                                SCHEDULE 14D-1/A
 
              TENDER OFFER STATEMENT PURSUANT TO SECTION 14(D)(1)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
 
                               (AMENDMENT NO. 6)
 
                               ------------------
 
                    IDS/SHURGARD INCOME GROWTH PARTNERS L.P.
 
                           (Name of Subject Company)
 
                            ------------------------
 
                         SHURGARD STORAGE CENTERS, INC.
                                    (Bidder)
 
                           LIMITED PARTNERSHIP UNITS
                         (Title of Class of Securities)
 
                            ------------------------
 
                                   448933-309
                     (CUSIP Number of Class of Securities)
 
                            ------------------------
 
                             KRISTIN H. STRED, ESQ.
              SENIOR VICE PRESIDENT, SECRETARY AND GENERAL COUNSEL
                         SHURGARD STORAGE CENTERS, INC.
                               1201 THIRD AVENUE
                                   SUITE 2200
                           SEATTLE, WASHINGTON 98101
                                 (206) 624-8100
            (Name, Address and Telephone Number of Person Authorized
           to Receive Notices and Communications on Behalf of Bidder)
 
                                   COPIES TO:
 
                             JEFFERY T. PERO, ESQ.
                            WILLIAM J. CERNIUS, ESQ.
                                LATHAM & WATKINS
                             650 TOWN CENTER DRIVE
                                TWENTIETH FLOOR
                          COSTA MESA, CALIFORNIA 92626
                                 (714) 540-1235
 
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                                     14D-1
 
<TABLE>
<CAPTION>
    CUSIP NO.
<S>                <C>                                                                                 <C>
            1      NAME OF REPORTING PERSON AND S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
                   SHURGARD STORAGE CENTERS, INC. (91-1603837)
            2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                    (a) / /
                                                                                                       (b) / /
            3      SEC USE ONLY
            4      SOURCES 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
                   DELAWARE
            7      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                   APPROXIMATELY 1,825 UNITS
            8      CHECK IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES                    / /
            9      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) APPROXIMATELY 1.2%
           10      TYPE OF REPORTING PERSON -- CO
</TABLE>
 
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    This  Amendment No. 6  to the Tender  Offer Statement on  Schedule 14D-1, as
previously amended (the "Schedule 14D-1"), relates to a tender offer by Shurgard
Storage Centers, Inc., a Delaware corporation (the "Purchaser"), to purchase  up
to  65,000 units of  limited partnership interest  (the "Units") of IDS/Shurgard
Income  Growth   Partners   L.P.,   a  Washington   limited   partnership   (the
"Partnership"),  at  $257  per Unit,  net  to  the seller  in  cash  and without
interest, upon the terms of and subject to the conditions set forth in the Offer
to Purchase, dated July 2,  1996 (the "Offer to  Purchase"), and in the  related
Letter  of Transmittal, copies of  which were attached to  the Schedule 14D-1 as
Exhibits  99.1  and  99.2,  respectively  (and  which  together  constitute  the
"Offer"). This Amendment No. 6 is being filed by the Purchaser.
 
                                       3
<PAGE>
ITEM 11.  MATERIAL TO BE FILED AS EXHIBITS.
 
    Item 11 is hereby amended to add the following as additional information:
 
99.17 Press release dated August 12, 1996.
 
                                       4
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    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: August 12, 1996
                                          SHURGARD STORAGE CENTERS, INC.
 
                                          By: /s/ HARRELL L. BECK
 
                                             -----------------------------------
                                              Name: Harrell L. Beck
                                              Title: Senior Vice President,
                                             Chief
                                                  Financial Officer and
                                             Treasurer
 
                                       5

<PAGE>
                                                                   EXHIBIT 99.17
RELEASE NUMBER 96-8
 
CONTACT:
 
<TABLE>
<S>                                                            <C>
Jennifer Wall                                                  DeLise Keim
David Frank                                                    Harrell Beck
D. F. King & Co., Inc.                                         Shurgard Storage Centers,
212/269-5550                                                   Inc.
                                                               206/624-8100
</TABLE>
 
FOR IMMEDIATE RELEASE
 
            SHURGARD EXTENDS OFFERS TO PURCHASE LIMITED PARTNERSHIP
          UNITS IN THREE AFFILIATED SELF STORAGE LIMITED PARTNERSHIPS
 
    SEATTLE,  WASHINGTON, AUGUST 12,  1996 . . .  Shurgard Storage Centers, Inc.
("Shurgard") (NYSE:SHU)  announced today  that  it has  extended its  offers  to
purchase  (the "Offers") up to 65,000  limited partnership units in IDS/Shurgard
Income Growth Partners L.P. ("IDS1") for a  net cash price of $257 per unit,  up
to  49,000 limited partnership units in IDS/Shurgard Income Growth Partners L.P.
II ("IDS2") for  a net  cash price of  $222 per  unit and up  to 52,000  limited
partnership  units in IDS/ Shurgard Income Growth Partners L.P. III ("IDS3") for
a net cash price of $308 per unit. The Offers and withdrawal rights will  expire
at 11:59 p.m., New York City time, Friday, August 16, 1996 unless extended.
 
    Shurgard  also announced that as  of 6:00 p.m., New  York City time, Friday,
August 9,  1996,  IDS1  unitholders  had  validly  tendered  and  not  withdrawn
approximately  59,013 IDS1 limited  partnership units (approximately  40% of the
total  outstanding  units),  IDS2  unitholders  had  validly  tendered  and  not
withdrawn approximately 33,531 IDS2 limited partnership units (approximately 29%
of  the total outstanding  units) and IDS3 unitholders  had validly tendered and
not withdrawn approximately 46,758 IDS3 limited partnership units (approximately
39% of the total outstanding units).
 
    The Offers are being made pursuant  to an Acquisition Agreement dated as  of
July  1, 1996 between Shurgard and IDS1, IDS2 and IDS3 (the "Partnerships"). The
Acquisition Agreement provides that, after completion of the offers and  subject
to  the approval of the  requisite vote of unitholders  of each Partnership, the
Partnerships  will  be  merged  with  and  into  Shurgard.  If  the  Merger   is
consummated,  unitholders of the Partnerships who participate in the Merger will
receive shares of Shurgard  Class A Common Stock  in exchange for their  limited
partnership  units.  The  General  Partners of  each  of  the  Partnerships have
recommended that those unitholders who  desire immediate liquidity tender  their
units  in the  Offers and  that all  other unitholders  retain their  units and,
instead, participate in the Merger.
 
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