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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 14D-1
Tender Offer Statement
Pursuant to Section 14(d)(1) of the Securities Exchange Act of 1934
(Amendment No. 2)
TPC CORPORATION
(Name of Subject Company)
POWER ACQUISITION COMPANY
PACIFICORP HOLDINGS, INC.
(Bidders)
Class A Common Stock, $.01 par value, and
Class B Common Stock, $.01 par value
(Title of Class of Securities)
872616107
(CUSIP Number of Class A Common Stock)
Richard T. O'Brien
PacifiCorp Holdings, Inc.
Port of Portland Building, Suite 1600
700 NE Multnomah
Portland, Oregon 97232
(503) 731-2000
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications on Behalf of Bidder)
Copy to:
Stuart W. Chestler
Stoel Rives LLP
900 SW Fifth Avenue, Suite 2300
Portland, Oregon 97204-1268
(503) 294-9500
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14D-1
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1. Name of reporting person
Power Acquisition Company
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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. Sources of Funds
AF
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5. Check box if disclosure of legal proceedings is required pursuant
to Items 2(e) OR 2(f) ___
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6. Citizenship or place of organization
Delaware
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7. Aggregate amount beneficially owned by each reporting person
None (0)
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8. Check box if the aggregate amount in row (7) excludes certain shares. ___
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9. Percent of class represented by amount in row (7)
None (0)
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10. Type of reporting person
CO
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14D-1
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1. Name of reporting person
PacifiCorp Holdings, Inc.
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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. Sources of Funds
BK, WC, OO
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5. Check box if disclosure of legal proceedings is required pursuant
to Items 2(e) OR 2(f) ___
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6. Citizenship or place of organization
Delaware
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7. Aggregate amount beneficially owned by each reporting person
None (0)
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8. Check box if the aggregate amount in row (7) excludes certain shares. ___
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9. Percent of class represented by amount in row (7)
None (0)
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10. Type of reporting person
CO
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Power Acquisition Company and PacifiCorp Holdings, Inc. hereby amend and
supplement their Tender Offer Statement on Schedule 14D-1 (the "Statement"),
originally filed on March 18, 1997, as amended by Amendment No. 1, with respect
to their offer to purchase all outstanding shares of Class A Common Stock, par
value $.01 per share, and Class B Common Stock, par value $.01 per share, of TPC
Corporation, a Delaware corporation (the "Company"), as set forth in this
Amendment No. 2. Capitalized terms not defined herein have the meanings assigned
thereto in the Statement.
Item 10. Additional Information.
(f) The first paragraph of Section 13 ("Certain Conditions of the Offer")
of the Offer to Purchase, which is incorporated herein by reference, is amended
to read as follows:
"Notwithstanding any other provision of the Offer, the Purchaser shall
not be required to accept for payment or pay for any Shares tendered pursuant to
the Offer unless (i) the Minimum Condition shall have been satisfied and (ii)
any applicable waiting period under the HSR Act shall have expired or been
terminated. Furthermore, the Purchaser may terminate or amend the Offer if at
any time on or after the date of the Merger Agreement, and prior to the
Expiration Date, any of the following conditions shall exist:".
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SIGNATURES
After due inquiry and to the best of their knowledge and belief, each of
the undersigned certifies that the information set forth in this Statement is
true, complete and correct.
Dated: April 11, 1997
POWER ACQUISITION COMPANY
By /s/ JOHN A. BOHLING
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Print Name John A. Bohling
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Title Vice President
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PACIFICORP HOLDINGS, INC.
By /s/ RICHARD T. O'BRIEN
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Print Name Richard T. O'Brien
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Title Senior Vice President and Chief
Financial Officer
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