SILGAN HOLDINGS INC
SC 13G, 1998-10-22
FABRICATED STRUCTURAL METAL PRODUCTS
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<PAGE>
 
                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549

                                 SCHEDULE 13G
                                (RULE 13d-102)

            INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
                   UNDER THE SECURITIES EXCHANGE ACT OF 1934
                              (AMENDMENT NO. __)*



                             Silgan Holdings, Inc.
           --------------------------------------------------------
                               (Name of Issuer)


                    Common Stock, par value $.01 per share
           ---------------------------------------------------------
                        (Title of Class of Securities)


                                 827049  10  9
                    --------------------------------------
                                (CUSIP Number)


                                August 14, 1998
            -------------------------------------------------------
            (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this schedule
is filed:

                              [ ] Rule 13d-1(b)

                              [X] Rule 13d-1(c)

                              [ ] Rule 13d-1(d)


*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
 
- ----------------------                                      -------------------
CUSIP NO.  827049 10 9                13G                    Page 2 of 7 Pages
- ----------------------                                      -------------------

 
- ------------------------------------------------------------------------------
      NAMES OF REPORTING PERSON
 1    S.O.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
                                                                                
      Brookside Capital Partners Fund, L.P.
      EIN No.: 04-3313066                    
- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
                                                                (b) [X]
                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4                                 
      Delaware

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5                                                       
     NUMBER OF            As of August 14, 1998, 968,950 shares         
 
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6       
                          0
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7       
    REPORTING             As of August 14, 1998, 968,950 shares
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8       
                          0
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9                           
      As of August 14, 1998, 968,950 shares
- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10    
                                                                    [_]
 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11           
      5.09%                                                                   

- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON (*)
12           
      PN

- ------------------------------------------------------------------------------


                    *SEE INSTRUCTIONS BEFORE FILLING OUT! 


                                  Page 2 of 7
<PAGE>
 
Item 1(a).   NAME OF ISSUER

   The name of the issuer to which this filing on Schedule 13G relates is Silgan
Holdings, Inc. (the "Company").

Item 1(b).   ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
 
   The principal executive offices of the Company are located at 4 Landmark
Square, Stamford, Connecticut 06901.
 
Item 2(a).   NAME OF PERSON FILING
 
   This Statement is being filed on behalf of Brookside Capital Partners Fund,
L.P. (the "Brookside Fund").  Brookside Capital Investors, L.P., a Delaware
           --------------                                                  
limited partnership ("Brookside Investors"), is the sole general partner of the
                      -------------------                                      
Brookside Fund.  Brookside Capital Investors, Inc., a Delaware corporation
("Brookside Inc."), is the sole general partner of Brookside Investors.
- ----------------                                                       

Item 2(b).   ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
 
   The principal business address of each of the Brookside Fund, Brookside
Investors and Brookside Inc. is Two Copley Place, Boston, Massachusetts 02116.

Item 2(c).   CITIZENSHIP

   Each of the Brookside Fund, Brookside Investors and Brookside Inc. is
organized under the laws of the State of Delaware.
 
Item 2(d).   TITLE OF CLASS OF SECURITIES
 
   The class of equity securities of the Company to which this filing on
Schedule 13G relates is Common Stock, par value $.01 per share.



                                  Page 3 of 7
<PAGE>
 
Item 2(e). CUSIP NUMBER
 
   The CUSIP number of the Company's Common Stock is 827049 10 9.


Item 3.  IF THIS STATEMENT IS FILED PURSUANT TO (S)(S) 240.13d-1(b) OR 
         240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: 
         Not applicable.

(a)   [ ]  Broker or dealer registered under section 15 of the Act
           (15 U.S.C.78o).
(b)   [ ]  Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 73c).
(c)   [ ]  Insurance company as defined in section 3(a)(19) of the Act (15
           U.S.C. 78c).
(d)   [ ]  Investment company registered under section 8 of the Investment
           Company Act of 1940 (15 U.S.C. 80a-8).
(e)   [ ]  An investment adviser in accordance with (S)13d-1(b)(1)(ii)(E).
(f)   [ ]  An employee benefit plan or endowment fund in accordance with
           (S)240.13d-1(b)(1)(ii)(F).
(g)   [ ]  A parent holding company or control person in accordance with
           (S)240.13d-1(b)(1)(ii)(G).
(h)   [ ]  A savings association as defined in Section 3(b) of the Federal
           Deposit Insurance Act (12 U.S.C. 1813).
(i)   [ ]  A church plan that is excluded from the definition of an investment
           company under section 3(c)(14) of the Investment Company Act of 1940
           (15 U.S.C. 80a-3).
(j)   [ ]  Group, in accordance with (S)240.13d-1(b)(1)(ii)(J).

      [x]  IF THIS STATEMENT IS FILED PURSUANT TO (S)240.13d-1(c), CHECK THIS
           BOX. 


Item 4.  OWNERSHIP
Item 4(a).  AMOUNT BENEFICIALLY OWNED

   As of August 14, 1998, the Brookside Fund owned 968,950 shares of Common
Stock of the Company.  As of the close of business on October 21, 1998, the
Brookside Fund owned 1,057,550 shares of Common Stock of the Company.  The
Brookside Fund has the sole power to vote and dispose of the shares of Common
Stock. The Brookside Fund acts by and through its general partner, Brookside
Investors.  Brookside Investors acts by and through its general partner,
Brookside Inc.  Mr. W. Mitt Romney is the sole shareholder, sole director,
President and Chief Executive Officer of Brookside Inc. and thus is the
controlling person of Brookside Inc.  No person other than the respective owner
referred to herein of shares of Common Stock is known to have the right to
receive or the power to direct the receipt of dividends from or the proceeds
from the sale of such shares of Common Stock.


                                  Page 4 of 7
<PAGE>
 
Item 4(b).  PERCENT OF CLASS
 
   As of August 14, 1998, the Brookside Fund owned 5.09% of the Common Stock
outstanding of the Company.  The aggregate percentage of Common Stock reported
owned by the Brookside Fund is based upon 19,053,340 shares of Common Stock
outstanding, which is the total number of Common Stock outstanding as of July
31, 1998 based on representations made in the Company's quarterly report on Form
10-Q filed with the Securities and Exchange Commission on August 12, 1998.

<TABLE> 
<S>                                                                   <C> 
Item 4(c). NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
 
     (i)   sole power to vote or to direct the vote:                   As of August 14, 1998:  968,950
     (ii)  shared power to vote or to direct the vote:                                               0
     (iii) sole power to dispose or to direct the disposition of:      As of August 14, 1998:  968,950
     (iv)  shared power to dispose or to direct the disposition of:                                  0
</TABLE> 
 
Item 5.  OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
 
         Not Applicable.

Item 6.  OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
 
         Not Applicable.



                                  Page 5 of 7
<PAGE>
 
Item 7.  IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
         SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:

         Not Applicable.

Item 8.  IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

         Not Applicable.

Item 9.  NOTICE OF DISSOLUTION OF GROUP
 
         Not Applicable.



                                  Page 6 of 7
<PAGE>
 
Item 10. CERTIFICATION

         By signing below, the undersigned certifies that, to the best of its
     knowledge and belief, the securities referred to above were not acquired
     and are not held for the purpose of or with the effect of changing or
     influencing the control of the issuer of the securities and were not
     acquired and are not held in connection with or as a participant in any
     transaction having that purpose or effect.

 
 
Dated:    October 22, 1998

                                BROOKSIDE CAPITAL PARTNERS FUND, L.P.

                                          By:    /s/ Domenic Ferrante
                                             ------------------------------
                                             Name:   Domenic Ferrante
                                             Title:  Managing Director


 


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