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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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AMENDMENT NO. 1
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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L Acquisition Corporation, a Delaware corporation (the "Purchaser") and a
wholly owned subsidiary of Columbus McKinnon Corporation, a New York
corporation ("Parent"), and Parent hereby amend and supplement their Statement
on Schedule 14D-1 (the "Schedule 14D-1"), filed with the Securities and
Exchange Commission on August 30, 1996 with respect to the Purchaser's offer
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.
(c) On September 13, 1996, Parent received a request for additional
information (a "Second Request") from the Federal Trade Commission (the "FTC")
with respect to the Offer. Accordingly, the Hart-Scott-Rodino waiting period,
which was originally scheduled to expire at 11:59 p.m., New York City time, on
September 18, 1996, will be extended and will now expire at 11:59 p.m., New
York City time, on the tenth calendar day after the date that Parent
substantially complies with the Second Request.
In addition, on September 13, 1996, Parent issued a press release which
announced the receipt of the Second Request. A copy of the press release
issued by Parent on September 13, 1996, is filed herewith as Exhibit (a)(9)
and is incorporated by reference herein.
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
(a)(9) Form of press release issued by Parent on September 13, 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: September 18, 1996
L ACQUISITION CORPORATION
By /s/ Herbert P. Ladds, Jr.
Name: Herbert P. Ladds, Jr.
Title: President and Chief
Executive Officer
COLUMBUS McKINNON CORPORATION
By /s/ Herbert P. Ladds, Jr.
Name: Herbert P. Ladds, Jr.
Title: President and Chief
Executive Officer
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EXHIBIT 99.(a)(9)
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COLUMBUS McKINNON CORPORATION
140 JOHN JAMES AUDOBON PARKWAY
AMHERST, NEW YORK 14228-1157 - 716/689-5400 - FAX 716/689-6500
FOR IMMEDIATE RELEASE
September 13, 1996
FTC REQUESTS ADDITIONAL INFORMATION ON
Columbus McKinnon / Yale Tender Offer
AMHERST, N.Y. - Columbus McKinnon Corporation (Nasdaq: CMCO) today
announced that it has received a request for additional information from the
Federal Trade Commission with respect to the company's $24 per share cash
tender offer for the acquisition of Yale International, Inc., which was
commenced on August 30, 1996.
Columbus McKinnon designs, manufactures and sells a broad range
of material handling, lifting and positioning products which are sold in
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
Columbus McKinnon Corporation (716) 689-5400
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