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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 14D-1/A
TENDER OFFER STATEMENT
(AMENDMENT NO. 2)
(FINAL AMENDMENT)
PURSUANT TO SECTION 14(d)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
AND
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)
AQUAPENN SPRING WATER COMPANY, INC.
(Name of Subject Company)
ZONEO ACQUISITION CORP.
and
GROUPE DANONE
(Bidders)
Common Stock, No Par Value
(Title of Class of Securities)
03838X109
(CUSIP Number of Class of Securities)
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Emmanuel Faber
Groupe Danone
7, rue de Teheran
75381 Paris Cedex 08, France
011 33 1 44 35 20 34
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications on Behalf of Bidders)
Copy to:
Clare O'Brien, Esq.
Shearman & Sterling
599 Lexington Avenue
New York, New York 10022
Telephone: (212) 848-4000
December 9, 1998
Page 1 of 6 pages
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<PAGE>
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1. Name of Reporting Persons
S.S. or I.R.S. Identification No. of Above Person
Zoneo Acquisition Corp.
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2. Check the Appropriate Box if a Member of Group
(a)|_|
(b)|_|
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3. SEC Use only
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4. Sources of Funds
WC
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5. Check if Disclosure of Legal Proceedings is Required Pursuant to
Item 2(e) or 2(f)
|_|
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6. Citizenship or Place of Organization
Pennsylvania
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
8,373,286 shares
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8. Check if the Aggregate Amount in Row (7) Excludes Certain Shares
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9. Percent of Class Represented by Amount in Row (7)
93.9%
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10. Type of Reporting Person
CO
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Page 2 of 6 Pages
<PAGE>
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1. Name of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Person
Groupe Danone
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2. Check the Appropriate Box if a Member of Group
(a)|_|
(b)|_|
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3. SEC Use only
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4. Sources of Funds
WC
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5. Check if Disclosure of Legal Proceedings is Required Pursuant to
Item 2(e) or 2(f)
|_|
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6. Citizenship or Place of Organization
France
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
8,373,286 shares
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8. Check if the Aggregate Amount in Row (7) Excludes Certain Shares
|_|
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9. Percent of Class Represented by Amount in Row (7)
93.9%
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10. Type of Reporting Person
CO
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Page 3 of 6 Pages
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This Amendment No. 2 (Final Amendment) to the Tender Offer
Statement on Schedule 14D-1 and Amendment No. 2 to the Schedule 13D (the
"Schedule 14D-1") relates to the offer (the "Offer") by Zoneo Acquisition Corp.,
a Pennsylvania corporation (the "Purchaser") and an indirect subsidiary of
Groupe Danone, a French societe anonyme (the "Parent"), to purchase all
outstanding shares of common stock, no par value (the "Shares"), of AquaPenn
Spring Water Company, Inc., a Pennsylvania corporation (the "Company"), at a
price of $13.00 per Share, net to the seller in cash, upon the terms and subject
to the conditions set forth in the Purchaser's Offer to Purchase dated November
6, 1998 (the "Offer to Purchase"), and in the related Letter of Transmittal,
copies of which were attached to the Schedule 14D-1 as Exhibits (a)(1) and
(a)(2) thereto, respectively.
Capitalized terms used but not defined herein have the
meanings specified for such terms in the Offer to Purchase and the Schedule
14D-1.
Item 6. Interest in Securities of the Subject Company.
Item 6 of the Schedule 14D-1 is hereby amended and
supplemented to include the following:
(a) and (b) At 12:00 midnight, New York City time, on Monday, December
7, 1998, the Offer expired. Based on a preliminary count, approximately
8,373,286 Shares were tendered pursuant to the Offer, of which 414,809 were
tendered pursuant to notice of guaranteed delivery. Such Shares constituted
approximately 93.9% of the outstanding Shares. On December 8, 1998, effective as
of 12:01 a.m., all Shares validly tendered and not withdrawn prior to the
expiration of the Offer were accepted for payment. A copy of a joint press
release announcing the expiration of the Offer and the acceptance of validly
tendered Shares is attached hereto as Exhibit 11(a)(9).
Item 11. Exhibits.
Item 11 of the Schedule 14D-1 is hereby amended by adding the
following exhibit:
(a)(9) Joint Press Release issued by the Parent and the Company on
December 8, 1998.
Page 4 of 6 Pages
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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.
December 9, 1998
ZONEO ACQUISITION CORP.
By /s/ MARK RODRIGUEZ
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Name: Mark Rodriguez
Title: Chief Executive Officer
Page 5 of 6 Pages
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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: December 9, 1998
GROUPE DANONE
By /s/ EMMANUEL FABER
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Name: Emmanuel Faber
Title: Director of Corporate Development
Page 6 of 6 Pages
PRESS RELEASE
[DANONE LOGO] [AQUAPENN LOGO]
GROUPE DANONE COMPLETES
TENDER OFFER FOR AQUAPENN SPRING WATER COMPANY, INC.
PARIS, France, and MILESBERG, Pennsylvania (December 8, 1998) -- Groupe Danone
and AquaPenn Spring Water Company, Inc., today announced that Groupe Danone has
completed its cash tender offer for the outstanding shares of common stock of
AquaPenn Spring Water Company, Inc. ("AquaPenn", NYSE: APN). The tender offer
expired, as scheduled, at midnight, New York City time, on Monday, December 7,
1998. Based on a preliminary count, 8,373,286 shares of AquaPenn were tendered
(including 414,809 shares subject to guarantee of delivery) and accepted for
payment at a price of $13.00 per share.
The acceptance of these shares in the tender offer will result in Groupe
Danone's indirect ownership of approximately 94% of the outstanding common stock
of AquaPenn.
In the proposed second step of the acquisition, Groupe Danone plans to merge its
indirect subsidiary with and into AquaPenn. As a result of such merger, other
than dissenting shares, each share of AquaPenn common stock not previously
purchased in Groupe Danone's tender offer will be converted into the right to
receive $13.00 in cash. Under applicable law, the proposed merger is not subject
to the approval of the remaining outstanding shareholders of AquaPenn. Assuming
the actual physical tender of all shares tendered pursuant to notices of
guaranteed delivery, Groupe Danone currently anticipates that the merger will be
completed as soon as practicable.
Groupe Danone is ranked second in the worldwide bottled water market and it
operates in that business in North America under the Evian and Dannon Natural
Spring Water brand names.
The statements in this press release that are not historical facts or
information may be forward-looking statements. These forward-looking statements
involve risks and uncertainties that could cause the outcome to be materially
different.
For further information:
Direction de la Communication: 33 1 44 35 20 70 / 33 1 44 35 20 74
GROUPE DANONE: 7, rue de Teheran, 75381 PARIS Cedex 08 - Fax: 33 1 45 63 88 22
