ESSEX INTERNATIONAL INC /
SC 14D1/A, 1998-11-27
DRAWING & INSULATING OF NONFERROUS WIRE
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<PAGE>
   
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
 
                            ------------------------
 
   
                                 SCHEDULE 14D-1
                   TENDER OFFER STATEMENT PURSUANT TO SECTION
                14(D)(1) OF THE SECURITIES EXCHANGE ACT OF 1934
                      (AMENDMENT NO. 2 (FINAL AMENDMENT))
    
 
                            ------------------------
 
                            ESSEX INTERNATIONAL INC.
                           (NAME OF SUBJECT COMPANY)
                             SUT ACQUISITION CORP.
 
                             SUPERIOR TELECOM INC.
                                   (BIDDERS)
 
                         ------------------------------
 
                    COMMON STOCK, PAR VALUE $0.01 PER SHARE
                         (TITLE OF CLASS OF SECURITIES)
 
                         ------------------------------
 
                                  297025 10 8
                     (CUSIP NUMBER OF CLASS OF SECURITIES)
 
                         ------------------------------
 
                                STEVEN S. ELBAUM
                             SUT ACQUISITION CORP.
                             SUPERIOR TELECOM INC.
                                 1790 BROADWAY
                         NEW YORK, NEW YORK 10019-1412
                                 (212) 757-3333
      (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE
              NOTICES AND COMMUNICATIONS ON BEHALF OF THE BIDDER)
 
                         ------------------------------
 
                                    COPY TO
 
                              RONALD R. PAPA, ESQ.
                               PROSKAUER ROSE LLP
                                 1585 BROADWAY
                            NEW YORK, NEW YORK 10036
                                 (212) 969-3000
 
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<PAGE>
                                 SCHEDULE 14D-1
 
CUSIP NO. 297025 10 8                                          Page 2 of 3 Pages
 
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(1) NAME OF REPORTING PERSONS:  SUT Acquisition Corp.
    S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON: Applied For
 
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*:
 
                                                                         (a) /X/
 
                                                                         (b) / /
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(3) SEC USE ONLY
 
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(4) SOURCE OF FUNDS*:
 
    BK
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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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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
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(7) SOLE VOTING POWER:
 
   
    25,047,297 shares of Common Stock (including shares subject to Stockholders
    Agreement)
    
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(8) SHARED VOTING POWER:
 
    0
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(9) SOLE DISPOSITIVE POWER:
 
   
    25,047,297 shares of Common Stock (including shares subject to Stockholders
    Agreement)
    
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(10) SHARED DISPOSITIVE POWER:
 
    0
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
   
    25,047,297 shares of Common Stock (including shares subject to Stockholders
    Agreement)
    
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(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*:
 
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(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
 
   
    90.2%
    
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(14) TYPE OF REPORTING PERSON*:
 
    CO
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<PAGE>
                                 SCHEDULE 14D-1
 
CUSIP NO. 297025 10 8                                          Page 3 of 3 Pages
 
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(1) NAME OF REPORTING PERSONS:  Superior TeleCom Inc.
    S.S. OR I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON:  58-2248978
 
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*:
 
                                                                         (a) /X/
 
                                                                         (b) / /
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(3) SEC USE ONLY
 
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(4) SOURCE OF FUNDS*:
 
    BK
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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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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
- --------------------------------------------------------------------------------
 
(7) SOLE VOTING POWER:
 
   
    25,047,297 shares of Common Stock (including shares subject to Stockholders
    Agreement)
    
- --------------------------------------------------------------------------------
 
(8) SHARED VOTING POWER:
 
    0
- --------------------------------------------------------------------------------
 
(9) SOLE DISPOSITIVE POWER:
 
   
    25,047,297 shares of Common Stock (including shares subject to Stockholders
    Agreement)
    
- --------------------------------------------------------------------------------
 
(10) SHARED DISPOSITIVE POWER:
 
    0
- --------------------------------------------------------------------------------
 
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
   
    25,047,297 shares of Common Stock (including shares subject to Stockholders
    Agreement)
    
- --------------------------------------------------------------------------------
 
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*:
 
- --------------------------------------------------------------------------------
 
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
 
   
    90.2%
    
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(14) TYPE OF REPORTING PERSON*:
 
    CO, HC
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<PAGE>
   
    This Amendment No. 2 (Final Amendment) to the Tender Offer Statement on
Schedule 14D-1 (the "Statement") relates to the offer by SUT Acquisition Corp.,
a corporation organized and existing under the laws of the State of Delaware
("Purchaser") and a wholly owned subsidiary of Superior TeleCom Inc., a
corporation organized and existing under the laws of the State of Delaware
("Parent"), to purchase up to 22,562,135 shares of common stock, par value $0.01
per share (the "Shares"), of Essex International Inc., a corporation organized
and existing under the laws of the State of Delaware (the "Company"), at a price
of $32.00 per Share, net to the seller in cash (subject to applicable
withholding of taxes), without interest, upon the terms and subject to the
conditions set forth in Purchaser's Offer to Purchase, dated October 28, 1998
(the "Offer to Purchase"), and in the related Letter of Transmittal (which,
together with any amendments or supplements thereto, collectively constitute the
"Offer"), copies of which were filed with the Statement as Exhibits (a)(1) and
(a)(2), respectively.
    
 
   
ITEM 6.  INTEREST IN SECURITIES OF THE SUBJECT COMPANY
    
 
   
    Item 6 is hereby amended and supplemented as follows:
    
 
   
    At 12:00 midnight, New York City time, on Wednesday, November 25, 1998, the
Offer expired. Based on a preliminary count, 24,956,426 Shares were tendered in
the Offer, together with in excess of 2,000,000 Shares tendered subject to
guaranteed delivery procedures. On November 27, 1998, subject to the terms of
the Offer, Purchaser accepted for payment, on a pro rata basis, 22,562,135 of
the Shares validly tendered and not withdrawn prior to the expiration of the
Offer, representing approximately 81% of the Shares represented by the Company
to be outstanding as of October 20, 1998. A copy of the press release issued by
Parent on November 27, 1998 announcing the expiration of the Offer and the
acceptance of the validly tendered Shares is attached hereto as Exhibit (a)(10)
and is incorporated herein by reference.
    
 
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
 
    Item 11 is hereby amended by adding the following exhibit:
 
   
<TABLE>
<S>        <C>
(a)(10)    Press release issued by Parent on November 27, 1998
</TABLE>
    
<PAGE>
                                   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.
 
                                SUT ACQUISITION CORP.
 
                                By:             /s/ STEVEN S. ELBAUM
                                     -----------------------------------------
                                     Name: Steven S. Elbaum
                                     Title:  Chairman of the Board, President
                                           and Chief Executive Officer
 
                                SUPERIOR TELECOM INC.
 
                                By:             /s/ STEVEN S. ELBAUM
                                     -----------------------------------------
                                     Name: Steven S. Elbaum
                                     Title:  Chairman of the Board, President
                                           and Chief Executive Officer
 
   
November 27, 1998
    
<PAGE>
   
\
    
 
                                 EXHIBIT INDEX
 
   
<TABLE>
<CAPTION>
EXHIBIT NO.
- -----------
<S>          <C>
 
(a)(10)      Press release issued by Parent on November 27, 1998
</TABLE>
    

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                                                                   Exhibit 99.10


FOR IMMEDIATE RELEASE

Company Contact:
Suzanne D. Fernandez
Corporate Communications
212-757-3333



                   SUPERIOR TELECOM INC. COMPLETES TENDER OFFER FOR
                               ESSEX INTERNATIONAL INC.

     New York, NY (November 27, 1998) -- Superior TeleCom Inc. (NYSE:SUT) today
announced that it had successfully completed its tender offer to purchase up to
22,562,135 shares of Essex International Inc. (NYSE:SXC) for $32.00 per share,
representing approximately 81% of the outstanding shares of Essex.  The tender
offer expired at 12:00 midnight, New York City time, on Wednesday, November 25,
1998.

     Based on a preliminary count, 24,956,426 shares of Essex 
were tendered, together with in excess of 2,000,000 shares tendered subject 
to guaranteed delivery procedures.  Superior has accepted for
purchase 22,562,135 shares on a pro rata basis.  The final results of proration
are not expected to be announced before December 4, 1998, after the precise
number of shares validly tendered has been calculated.  Payment for shares
accepted for purchase in the tender offer will be made when the final results of
proration are determined.  The financing for the offer was completed today.

     As previously announced, Superior and Essex are parties to a merger 
agreement. Superior expects to merge Essex with a subsidiary of Superior 
during the first quarter of 1999.  Following the merger, Essex will be a 
wholly owned subsidiary of Superior.

     Superior TeleCom Inc. is a leading manufacturer and supplier of
telecommunications cable and wire products to telephone companies, distributors
and system integrators.  It also develops and manufactures voice and data
multiplexers and other electronics and signal processing components and systems.

     Except for the historical information herein, the matters discussed in 
this news release include forward-looking statements that may involve a number 
of risks and uncertainties.  Actual results may vary significantly based on a 
number of factors, including, but not limited to, risks in product and 
technology development, market acceptance of new products and continuing 
product demand, the impact of competitive products and pricing, changing 
economic conditions, including changes in short-term interest rates and 
foreign currency fluctuations, and other risk factors detailed in Superior's 
most recent annual report and other filings with the Securities and Exchange 
Commission.



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