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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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AMENDMENT NO. 4
TO
SCHEDULE 14D-1
TENDER OFFER STATEMENT PURSUANT TO SECTION 14(d)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
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SPRECKELS INDUSTRIES, INC.
(NAME OF SUBJECT COMPANY)
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L ACQUISITION CORPORATION
A WHOLLY OWNED SUBSIDIARY OF
COLUMBUS MCKINNON CORPORATION
(BIDDERS)
CLASS A COMMON STOCK, PAR VALUE $0.01 PER CUSIP NO. 849416201
SHARE
(INCLUDING THE ASSOCIATED COMMON STOCK
PURCHASE RIGHTS)
WARRANTS TO PURCHASE SHARES OF CLASS A
COMMON STOCK
($9.17 EXERCISE PRICE PER WARRANT)
WARRANTS TO PURCHASE SHARES OF CLASS A
COMMON STOCK
($11.67 EXERCISE PRICE PER WARRANT)
WARRANTS TO PURCHASE SHARES OF CLASS A
COMMON STOCK
($15.00 EXERCISE PRICE PER WARRANT)
WARRANTS TO PURCHASE SHARES OF CLASS A
COMMON STOCK
($1.00 EXERCISE PRICE PER WARRANT)
(TITLE OF CLASS OF SECURITIES) (CUSIP NUMBER OF CLASS
OF SECURITIES)
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ROBERT L. MONTGOMERY, JR.
COLUMBUS MCKINNON CORPORATION
140 JOHN JAMES AUDUBON PARKWAY
AMHERST, NEW YORK 14228
(716) 689-5400
(NAMES, ADDRESSES AND TELEPHONE NUMBERS OF PERSONS AUTHORIZED
TO RECEIVE NOTICES AND COMMUNICATIONS ON BEHALF OF BIDDERS)
WITH COPIES TO:
FREDERICK G. ATTEA, ESQ. MORTON A. PIERCE, ESQ.
PHILLIPS, LYTLE, HITCHCOCK, DEWEY BALLANTINE
BLAINE & HUBER 1301 AVENUE OF THE AMERICAS
3400 MARINE MIDLAND CENTER NEW YORK, NEW YORK 10019
BUFFALO, NEW YORK 14203 (212) 259-8000
(716) 847-7010
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This Amendment No. 4 (the "Amendment") to the Tender Offer Statement on
Schedule 14D-1 (the "Schedule 14D-1") filed with the Securities and Exchange
Commission on August 30, 1996, as amended on September 18, 1996, September 27,
1996 and October 4, 1996 relates to the offer by L Acquisition Corporation, a
Delaware corporation and a wholly owned subsidiary of Columbus McKinnon
Corporation, a New York corporation ("Parent"), to purchase (i) all
outstanding shares of Class A Common Stock, par value $0.01 per share (the
"Shares"), of Spreckels Industries, Inc. (doing business as Yale
International, Inc.), a Delaware corporation (the "Company"), including the
associated common stock purchase rights (the "Rights") issued pursuant to the
Rights Agreement, dated as of November 11, 1995, between the Company and
ChaseMellon Shareholder Services, L.L.C. (successor to Chemical Mellon
Shareholder Services, L.L.C.), as Rights Agent, as amended, at a purchase
price of $24.00 per Share (and the associated Right) and (ii) all outstanding
warrants of the Company to purchase Shares (the "Warrants"), at a price equal
to the difference between the Offer price for the Shares and the exercise
price for each of the Warrants, in each case 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 August 30, 1996 and in the related Letter
of Transmittal (which, as amended from time to time, together constitute the
"Offer"). The item numbers and responses thereto below are in accordance with
the requirements of Schedule 14D-1.
ITEM 10. ADDITIONAL INFORMATION.
(f) The Offer, scheduled to expire at 12:00 midnight, New York City time,
on Wednesday, October 9, 1996 has been extended to 12:00 midnight, New York
City time, on Wednesday, October 16, 1996.
In addition, on October 9, 1996, Parent issued a press release which
announced the extension of the tender offer. A copy of the press release
issued by Parent on October 9, 1996, is filed herewith as Exhibit (a)(11)
and is incorporated by reference herein.
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
(a)(11) Form of press release issued by Parent on October 9, 1996.
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SIGNATURE
After due inquiry and to the best of its knowledge, and belief, each of the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Dated: October 9, 1996
L ACQUISITION CORPORATION
/s/ Robert L. Montgomery, Jr.
By __________________________________
Name: Robert L. Montgomery, Jr.
Title: Vice President and
Treasurer
COLUMBUS McKINNON CORPORATION
/s/ Robert L. Montgomery, Jr.
By __________________________________
Name: Robert L. Montgomery, Jr.
Title: Executive Vice President
and Chief Financial Officer
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EXHIBIT 99.1
COLUMBUS MCKINNON CORPORATION ANNOUNCES
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EXTENSION OF TENDER OFFER FOR
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YALE INTERNATIONAL, INC.
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FOR IMMEDIATE RELEASE
October 9, 1996
AMHERST, NY -- Columbus McKinnon Corporation (Nasdaq: CMCO) today announced that
it will extend its $24 per share cash tender offer for the acquisition of
Spreckels Industries, Inc. (doing business as Yale International, Inc.) (Nasdaq:
YALE) which was commenced on August 30, 1996. The tender offer will now expire
at 12:00 midnight, New York City time on October 16, 1996, unless further
extended by Columbus McKinnon Corporation. The tender offer had previously been
scheduled to expire at 12:00 midnight, New York City time on Wednesday, October
9, 1996. As of 5:00 p.m. New York City time on October 8, 1996, 1,518,135
shares of Spreckels Industries, Inc. Class A Common Stock and 126,262 $1.00
Warrants, 323,825 $15.00 Warrants, 103,047 $11.67 Warrants and no $9.17
Warrants to purchase shares of Class A Common Stock have been validly tendered
in the tender offer.
Columbus McKinnon Corporation designs, manufactures and sell a broad
range of material handling, lifting and positioning products which are sold in
the domestic and international markets. Its products are sold through
distributors to end-users for numerous applications in the general
manufacturing, crane building, mining, construction, transportation,
entertainment, power generation, waste management, agriculture, marine, medical
and other markets, and to hardware and farm equipment distributors, mass
merchandisers and rental outlets for consumer use.
Columbus McKinnon Stock trades on the Nasdaq National Market System
under the symbol, "CMCO".
CONTACT: Robert L. Montgomery, Jr. Executive Vice President and Chief
Financial Officer of Columbus McKinnon Corporation, (716) 689-5400.
