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THIS DOCUMENT IS A COPY OF AMENDMENT NO. 23 TO SCHEDULE 13D FILED ON MARCH 8,
1995, PURSUANT TO A RULE 201 TEMPORARY HARDSHIP EXEMPTION.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 23)
READING & BATES CORPORATION
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(Name of Issuer)
Common Stock $.05 par value
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(Title of Class of Securities)
755281 70 6
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(CUSIP Number)
Mark A. Saunders, Esq.
Haight, Gardner, Poor & Havens
195 Broadway
New York, New York 10007-3189
(212) 341-7066
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(Name, address and telephone number of person authorized
to receive notices and communications)
March 6, 1995
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Date of events which required filing of this Statement
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b) (3) or (4), check the following box: [_]
Check the following box if a fee is being paid with this statement: [_]
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CUSIP NO. 755281 70 6 Page 2 of 5 Pages
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
N & M Holding N.V.
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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
-
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5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) [_]
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6. Citizenship or Place of Organization
Netherlands Antilles
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Number of Shares Beneficially Owned by Each Reporting Person With
7. Sole Voting Power
0
8. Shared Voting Power
0
9. Sole Dispositive Power
0
10. Shared Dispositive Power
0
On March 6, 1995, N & M Holding N.V. sold all of the 5,066,352 shares of Common
Stock of Reading & Bates Corporation owned by it to a single purchaser, in New
York, in a negotiated transaction at a sale price of $7.48 per share.
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
0
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
-
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13. Percent of Class Represented by Amount in Row (11)
0
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14. Type Of Reporting Person
CO
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CUSIP NO. 755281 70 6 Page 3 of 5 Pages
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 23)
This Amendment No. 23 amends and restates (to the extent required by
applicable regulations) the Schedule 13D (the "Schedule 13D") filed on September
11, 1989 with the Securities and Exchange Commission (as amended by Amendments
No. 1 through No. 22 thereto) by BCL Investment Partners, L.P., a Delaware
limited partnership, and the other Reporting Person listed in Item 2 hereof,
regarding the beneficial ownership by the Reporting Person of shares of common
stock, $.05 par value (the "Common Stock"), of Reading & Bates Corporation, a
Delaware corporation (the "Company"). Capitalized terms used herein without
being defined herein have the meaning heretofore given to them in this Schedule
13D.
Item 1. Security and Issuer.
- ------ -------------------
The class of equity securities to which this statement relates is the
Common Stock. The address of the principal executive offices of the Company is
901 Threadneedle, Suite 200, Houston, Texas 77079. To the best knowledge of the
Reporting Person, as of October 24, 1994, the Company had 59,713,073 shares of
Common Stock outstanding.
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CUSIP NO. 755281 70 6 Page 4 of 5 Pages
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Item 2. Identity and Background.
- ------ -----------------------
This statement is being filed on behalf of N & M Holding N.V., a
Netherlands Antilles corporation (the "Reporting Person"), an indirect
wholly-owned subsidiary of Internationale Nederlanden Bank, N.V., a bank
organized under the laws of The Netherlands. The Reporting Person is organized
under the laws of The Netherlands Antilles, is engaged in the business of
investment holdings, and has its principal base of business and principal office
located at 14 Kaya W.F.G., (Jombi) Mensing, Wilemstad, Curacao, Netherlands
Antilles.
During the last five years, neither the Reporting Person, nor to the
best knowledge of the Reporting Person, any of its controlling persons,
executive officers or directors, has been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors), or has been a party to
a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a judgment,
decree or final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws, or finding
any violation with respect to such laws.
Item 3. Source and Amount of Funds or other Consideration.
- ------ -------------------------------------------------
Not Applicable.
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CUSIP NO. 755281 70 6 Page 5 of 5 Pages
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Item 4. Purpose of Transaction.
- ------ ----------------------
The Reporting Person sold all of the shares of Common Stock owned by it
as part of the conduct of the ordinary course of its business.
Item 5. Interest in Securities of the Issuer.
- ------ ------------------------------------
The Reporting Person no longer owns any shares of Common Stock. On March
6, 1995, the Reporting Person sold all of the 5,066,352 shares of Common Stock
owned by it to a single purchaser, in New York, in a negotiated transaction at a
sale price of $7.48 per share.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
- ------ ------------------------------------------------------------------------
Securities of the Issuer.
------------------------
Not Applicable.
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.
Date: March 7, 1995
N & M Holding N.V.
By: /s/ Mark A. Saunders
----------------------
Mark A. Saunders
Attorney-in-Fact
