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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
and
SCHEDULE 13D
under the Securities Exchange Act of 1934
(AMENDMENT NO. 2)
(FINAL AMENDMENT)
EFFECTIVE MANAGEMENT SYSTEMS, INC.
(Name of Subject Company)
IFS ACQUISITION, INC.
IFS AMERICAS, INC.
INDUSTRIAL & FINANCIAL SYSTEMS, IFS AB
(Bidders)
COMMON STOCK, PAR VALUE $.01 PER SHARE
(Title of Class of Securities)
282017 10 2
(CUSIP Number of Class of Securities)
TERJE VANGBO
PRESIDENT AND CHIEF EXECUTIVE OFFICER
IFS ACQUISITION, INC. AND IFS AMERICAS, INC.
1900 EAST GOLF ROAD, SUITE 900
SCHAUMBURG, ILLINOIS 60173
(847) 995-9600
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications on Behalf of Bidders)
COPY TO:
CHRISTIAN J. HOFFMANN, III, ESQ.
STREICH LANG, P.A.
TWO NORTH CENTRAL AVENUE
PHOENIX, ARIZONA 85004
(602) 229-5200
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(Continued on following page(s))
(Page 1 of 6 Pages)
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SCHEDULE 14D-1
CUSIP No. 282017 10 2 Page 2 of 6 Pages
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(1) Name of reporting persons: Industrial & Financial Systems, IFS AB
I.R.S. Identification No. of above person (entities only): N/A
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(2) Check the appropriate box if a member of a group (see instructions):
(a) [ ]
(b) [X]
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(3) SEC use only
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(4) Source of funds (see instructions): WC
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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: Sweden
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(7) Aggregate amount beneficially owned by each reporting person: 5,302,856
shares of common stock (fully diluted)*
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(8) Check box if the aggregate amount in Row (7) excludes certain shares (see
instructions): [ ]
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(9) Percent of class represented by amount in Row (7): 97.2%*
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(10) Type of reporting person (see instructions): CO
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* Excludes shares that may be issuable under the Stock Option Agreement dated as
of September 1, 1999, by and among the Purchaser, Parent and the Company.
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SCHEDULE 14D-1
CUSIP No. 282017 10 2 Page 3 of 6 Pages
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(1) Name of reporting persons: IFS Americas, Inc.
I.R.S. Identification No. of above person (entities only): 36-431-4355
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(2) Check the appropriate box if a member of a group (see instructions):
(a) [ ]
(b) [X]
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(3) SEC use only
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(4) Source of funds (see instructions): 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: 5,302,856
shares of common stock (fully diluted)*
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(8) Check box if the aggregate amount in Row (7) excludes certain shares (see
instructions): [ ]
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(9) Percent of class represented by amount in Row (7): 97.2%*
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(10) Type of reporting person (see instructions): CO
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* Excludes shares that may be issuable under the Stock Option Agreement dated as
of September 1, 1999, by and among the Purchaser, Parent and the Company.
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<PAGE>
SCHEDULE 14D-1
CUSIP No. 282017 10 2 Page 4 of 6 Pages
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(1) Name of reporting persons: IFS Acquisition, Inc.
I.R.S. Identification No. of above person (entities only): 36-431-4350
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(2) Check the appropriate box if a member of a group (see instructions):
(a) [ ]
(b) [X]
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(3) SEC use only
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(4) Source of funds (see instructions): 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: Wisconsin
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(7) Aggregate amount beneficially owned by each reporting person: 5,302,856
shares of common stock (fully diluted)*
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(8) Check box if the aggregate amount in Row (7) excludes certain shares (see
instructions): [ ]
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(9) Percent of class represented by amount in Row (7): 97.2%*
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(10) Type of reporting person (see instructions): CO
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* Excludes shares that may be issuable under the Stock Option Agreement dated as
of September 1, 1999, by and among the Purchaser, Parent and the Company.
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This Amendment No. 2, amends the joint Schedule 14D-1 Tender Offer
Statement and Schedule 13D Statement (the "Schedule 14D-1") relating to the
offer by IFS Acquisition, Inc., a Wisconsin corporation (the "Purchaser") and a
wholly-owned subsidiary of IFS Americas Inc., a Delaware corporation (the
"Parent"), to purchase all outstanding shares of common stock, par value $.01
per share, of Effective Management Systems, Inc., a Wisconsin corporation (the
"Company"), at a price of $4.50 per share 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 September 8, 1999 (the "Offer to Purchase"), and in the
related Letter of Transmittal. Parent is a subsidiary of Industrial & Financial
Systems, IFS AB, a corporation organized under the laws of Sweden ("IFS").
Capitalized terms used but not otherwise defined herein shall have their
meanings assigned in the Schedule 14D-1.
ITEM 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY.
The information set forth in Item 6 of the Schedule 14D-1 and in the Offer
to Purchase are hereby amended as follows:
At 5:00 p.m., New York City time, on Friday, October 15, 1999, the Offer
expired. Based on a preliminary count, 4,981,224 (5,302,856 on a fully diluted
basis) Shares were tendered pursuant to the Offer, of which 15,861 Shares were
tendered pursuant to notices of guaranteed delivery. Effective as of 5:01 p.m.
on October 15, 1999, all Shares validly tendered and not withdrawn prior to the
expiration of the Offer were accepted for payment. The acceptance of such
tendered Shares resulted in Parent and its subsidiaries owning approximately 97%
of the outstanding Shares. A copy of the press release announcing the expiration
of the Offer and the acceptance for payment of validly tendered Shares is
attached hereto as Exhibit (a)(9) and is incorporated herein by reference.
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
Item 11 is hereby amended by adding the following exhibit:
(a)(9) Press Release issued by Parent on October 18, 1999.
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SIGNATURES
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.
Dated: November 3, 1999
INDUSTRIAL & FINANCIAL SYSTEMS, IFS AB
By: /s/ Terje Vangbo
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Name: Terje Vangbo
Title: Area Manager, North America and
Director
IFS AMERICAS, INC.
By: /s/ Terje Vangbo
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Name: Terje Vangbo
Title: President
IFS ACQUISITION, INC.
By: /s/ Terje Vangbo
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Name: Terje Vangbo
Title: President
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