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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE TO
(RULE 14D-100)
(AMENDMENT NO. 8)
(FINAL AMENDMENT)
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1)
OR SECTION 13(E)(1) OF THE SECURITIES EXCHANGE ACT OF 1934
AND
SCHEDULE 13D
(AMENDMENT NO. 1)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
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TRAVELERS PROPERTY CASUALTY CORP.
(Name of Subject Company (Issuer))
THE TRAVELERS INSURANCE GROUP INC.
CITIGROUP INC.
TRAVELERS PROPERTY CASUALTY CORP.
(Names of Filing Persons (Offerors))
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CLASS A COMMON STOCK, PAR VALUE $.01 PER SHARE
(Title of Class of Securities)
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893939108
(CUSIP Number of Class of Securities)
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Charles O. Prince, III, Esq.
Citigroup Inc.
153 East 53rd Street
New York, New York 10043
Telephone: (212) 559-1000
(Name, address and telephone number of
person authorized to receive notices
and communications on behalf of filing persons)
Copy to:
Eric J. Friedman, Esq.
Skadden, Arps, Slate, Meagher & Flom LLP
Four Times Square
New York, New York 10036
Telephone: (212) 735-3000
Check the appropriate boxes below to designate any transactions to which the
statement relates:
[X] third-party tender offer subject to Rule 14d-1.
[ ] issuer tender offer subject to Rule 13e-4.
[X] going-private transaction subject to Rule 13e-3.
[ ] amendment to Schedule 13D under Rule 13d-2.
Check the following box if the filing is a final amendment reporting the
results of the tender offer: [X]
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SCHEDULE 13D AND TO
CUSIP No. 893939108 Page 2 of 5
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
The Travelers Insurance Group Inc. 06-1008174
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC, OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF -------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 379,959,059*
EACH -------------------------------------------------------
REPORTING 9 SOLE DISPOSITVE POWER
PERSON
WITH 0
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10 SHARED DISPOSITVE POWER
379,959,059*
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
379,959,059
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
98.7%*
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14 TYPE OF REPORTING PERSON
HC
- --------------------------------------------------------------------------------
* Includes 328,020,170 shares of Class B Common Stock that, as of April 19,
2000, have been converted on a share-for-share basis into shares of Class A
Common Stock and 51,938,889 Shares validly tendered in response to the Offer
and not withdrawn.
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SCHEDULE 13D AND TO
CUSIP No. 893939108 Page 3 of 5
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Citigroup Inc. 521568099
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC, OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF -------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 379,959,059*
EACH -------------------------------------------------------
REPORTING 9 SOLE DISPOSITVE POWER
PERSON
WITH 0
-------------------------------------------------------
10 SHARED DISPOSITVE POWER
379,959,059*
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
379,959,059
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
98.7%*
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
- --------------------------------------------------------------------------------
* Includes 328,020,170 shares of Class B Common Stock that, as of April 19,
2000, have been converted on a share-for-share basis into shares of Class A
Common Stock and 51,938,889 Shares validly tendered in response to the Offer
and not withdrawn.
3
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This Amendment No. 8 constitutes the final amendment to the Tender Offer
Statement on Schedule TO initially filed on March 23, 2000 by Citigroup Inc., a
Delaware corporation ("Parent"), The Travelers Insurance Group Inc., a
Connecticut corporation (the "Purchaser"), and an indirect wholly owned
subsidiary of Parent, and Travelers Property Casualty Corp., a Delaware
corporation (the "Company"), relating to the third-party tender offer by the
Purchaser to purchase all of the issued and outstanding shares of Class A
common stock, par value $.01 per Share, of the Company upon the terms and
subject to the conditions set forth in the Offer to Purchase dated March 23,
2000 (the "Offer to Purchase"), as amended by the First Supplement thereto,
dated April 4, 2000 (the "First Supplement"), the Second Supplement thereto,
dated April 6, 2000 (the "Second Supplement") and in the revised Letter of
Transmittal (which, together with any amendments or supplements thereto,
constitute the "Offer"). This Amendment also constitutes Amendment No. 1 to the
Purchaser's and Parent's Statement on Schedule 13D originally filed on
April 20, 2000.
The information in each of the Offer to Purchase, the First Supplement and
the Second Supplement, including all schedules and annexes thereto, is hereby
expressly incorporated herein by reference in response to all the items of this
Schedule TO, except as otherwise set forth below. Unless otherwise defined
herein, all capitalized terms used herein shall have the respective meanings
given such terms in the Offer to Purchase, the First Supplement or the Second
Supplement.
ITEM 6. INTEREST OF SECURITIES OF THE SUBJECT COMPANY.
Item 6 is hereby amended and supplemented by the following:
The Offer expired at 12:00 midnight, New York City time, on Wednesday,
April 19, 2000. Based upon the final count of the Depositary a total of
51,938,889 Shares were validly tendered in response to the Offer and not
withdrawn (including Shares tendered pursuant to a guarantee of delivery). In
accordance with the terms of the Offer, the Purchaser has instructed the
Depositary to pay promptly the purchase price of $41.95 per Share for each
Share accepted for payment. After giving effect to the purchase of Shares
tendered and together with the 328,020,170 shares of Class B Common Stock which
were converted on April 19, 2000 by the Purchaser into an equal number of
Shares, the Purchaser owns approximately 98.7% of the oustanding Shares.
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SIGNATURE
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.
SCHEDULE TO AND SCHEDULE 13E-3
CITIGROUP INC.
By: /s/ Katherine McG. Sullivan
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Name: Katherine McG. Sullivan
Title: Vice President and Assistant
Secretary
THE TRAVELERS INSURANCE GROUP INC.
By: /s/ Katherine McG. Sullivan
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Name: Katherine McG. Sullivan
Title: Vice President and Secretary
SCHEDULE 13E-3
TRAVELERS PROPERTY CASUALTY CORP.
By: /s/ James M. Michener
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Name: James M. Michener
Title: Senior Vice President,
Secretary and General Counsel
Date: April 26, 2000
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