<PAGE> 1
================================================================================
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. 4)
(FINAL AMENDMENT)
AND SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 4)
------------------------
ACORDIA, INC.
(NAME OF SUBJECT COMPANY)
AICI ACQUISITION CORP.,
A WHOLLY OWNED SUBSIDIARY OF
ANTHEM INSURANCE COMPANIES, INC.
(BIDDERS)
COMMON STOCK, $1.00 PAR VALUE
(TITLE OF CLASS OF SECURITIES)
004929 10 5
(CUSIP NUMBER OF CLASS OF SECURITIES)
------------------------
PATRICK M. SHERIDAN
AICI ACQUISITION CORP.
ANTHEM INSURANCE COMPANIES, INC.
120 MONUMENT CIRCLE
INDIANAPOLIS, INDIANA 46204
TELEPHONE: (317) 488-6000
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED
TO RECEIVE NOTICES AND COMMUNICATIONS ON BEHALF OF BIDDERS)
------------------------
COPY TO:
JAMES H. GROSS, ESQ.
VORYS, SATER, SEYMOUR AND PEASE
P.O. BOX 1008, 52 EAST GAY STREET
COLUMBUS, OH 43216
TELEPHONE: (614) 464-6400
================================================================================
<PAGE> 2
CUSIP No. 004929 10 5
<TABLE>
<S> <C> <C>
- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS ANTHEM
INSURANCE COMPANIES, INC.
- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ]
- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------
4 SOURCES OF FUNDS WC
- ---------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f) [
]
- ---------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION INDIANA
- ---------------------------------------------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,737,528 SHARES OF COMMON
STOCK
- ---------------------------------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES [ ]
- ---------------------------------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7): 97.8%
- ---------------------------------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON CO
- ---------------------------------------------------------------------------------------------------------
</TABLE>
2
<PAGE> 3
CUSIP No. 004929 10 5
<TABLE>
<S> <C> <C>
- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS AICI
ACQUISITION CORP.
- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ]
- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS WC, AF
- ---------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f) [
]
- ---------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE
- ---------------------------------------------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,737,528 SHARES OF COMMON
STOCK
- ---------------------------------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES [ ]
- ---------------------------------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7): 97.8%
- ---------------------------------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON CO
- ---------------------------------------------------------------------------------------------------------
</TABLE>
3
<PAGE> 4
Anthem Insurance Companies, Inc. and its wholly-owned subsidiary, AICI
Acquisition Corp., hereby amend and supplement their combined Tender Offer
Statement on Schedule 14D-1 (the "Statement"), originally filed on June 6, 1997,
with respect to an offer to purchase all outstanding shares of Common Stock, par
value $1.00 per share of Acordia, Inc., a Delaware corporation, as set forth in
the Statement. This filing constitutes the final amendment to the Statement.
Capitalized terms not defined herein have the meanings assigned thereto in the
Statement.
ITEM 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY.
The information set forth in Item 6 (a-b) of the Statement is hereby
amended and supplemented by the following information:
The Offer expired pursuant to its terms at 12:00 Midnight, New York City
time, on Wednesday, July 9,
1997. Based on information provided by the Depositary, 4,045,472 shares of
Common Stock (including notices of guaranteed delivery), representing
approximately 31.1% of the outstanding Common Stock, were tendered and not
withdrawn pursuant to the Offer. The tendered shares, together with the
8,693,056 shares already owned by the Purchaser, represent approximately 98% of
the outstanding Common Stock of the Company.
ITEM 10. ADDITIONAL INFORMATION.
The information set forth in Item 10(f) of the Statement is hereby amended
and supplemented by the following information:
On July 10, 1997, Parent issued a press release, a copy of which is
attached hereto as Exhibit (a)(17) and is incorporated herein by reference,
relating to the expiration of the Offer and the number of shares of Common Stock
tendered in the Offer.
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
(a)(1) Offer to Purchase dated June 6, 1997.
(a)(2) Letter of Transmittal.
(a)(3) Notice of Guaranteed Delivery.
(a)(4) Letter to Brokers, Dealers, Commercial Banks, Trust Companies and
Other Nominees.
(a)(5) Letter to Clients for use by Brokers, Dealers, Commercial Banks,
Trust Companies and Other
Nominees.
(a)(6) Guidelines for Certification of Taxpayer Identification Number on
Substitute Form W-9.
(a)(7) Form of Summary Advertisement, dated June 6, 1997.
(a)(8) Text of Press Release, dated June 2, 1997, issued by the Purchaser.
(a)(9) Notice regarding the Acordia, Inc. Producers Deferred Compensation
& Equity Plan.
(a)(10) Notice regarding the Anthem, Acordia and ABI 401(k) Plans.
(a)(11) Letter dated June 17, 1997 from Frank C. Witthun, President and
CEO of the Company, and L. Ben Lytle, Chairman of the Board of Directors of the
Company, to all restricted stock participants.
(a)(12) Letter dated June 17, 1997 from Frank C. Witthun, President and
CEO of the Company, and L. Ben Lytle, Chairman of the Board of Directors of the
Company, to the restricted stock participants under the Producer Deferred
Compensation and Equity Plan.
(a)(13) Letter from Frank C. Witthun, President and CEO of the Company,
and L. Ben Lytle, Chairman of the Board of Directors of the Company to each
stock optionholder of the Company with an attached list of questions and answers
regarding the stock options issued under the various Company stock compensation
plans.
(a)(14) Form of Stock Option Cancellation Agreement.
<PAGE> 5
(a)(15) Text of Press Release, dated July 2, 1997, issued by Parent.
(a)(16) Text of Press Release, dated July 7, 1997, issued by Parent.
*(a)(17) Text of Press Release, dated July 10, 1997, issued by Parent.
(c)(1) Agreement and Plan of Merger dated as of June 2, 1997, among the
Company, Parent and the Purchaser.
(c)(2) Anthem Acordia Stock Plan, as amended.
(c)(3) Fairness Opinion of Credit Suisse First Boston Corporation dated
June 2, 1997.
(c)(4) Complaint filed in Crandon Capital Partners v. Acordia, Inc., et.
al. (Del. Ch. June 4, 1997).
(c)(5) Complaint filed in Sherry Levinson v. Acordia, Inc., et. al., and
Anthem Insurance Companies, Inc. (Del. Ch. June 4, 1997).
(d) None.
(e) Not applicable.
(f) None.
- ------------------
* Material filed herewith.
<PAGE> 6
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.
Dated: July 10, 1997
AICI ACQUISITION CORP.
By: /s/ PATRICK M. SHERIDAN
------------------------------------
Name: Patrick M. Sheridan
Title: Treasurer
ANTHEM INSURANCE COMPANIES, INC.
By: /s/ PATRICK M. SHERIDAN
------------------------------------
Name: Patrick M. Sheridan
Title: Executive Vice President
<PAGE> 7
EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT PAGE
NUMBER EXHIBIT NAME NUMBER
- ------- ------------------------------------------------------------------------- ------
<S> <C> <C>
(a)(1) Offer to Purchase, dated June 6, 1997. ..................................
(a)(2) Letter of Transmittal. ..................................................
(a)(3) Notice of Guaranteed Delivery. ..........................................
(a)(4) Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other
Nominees. ...............................................................
(a)(5) Letter to Clients for use by Brokers, Dealers, Commercial Banks, Trust
Companies and Other Nominees. ...........................................
(a)(6) Guidelines for Certification of Taxpayer Identification Number on
Substitute Form W-9. ....................................................
(a)(7) Form of Summary Advertisement, dated June 6, 1997. ......................
(a)(8) Text of Press Release, dated June 2, 1997, issued by the Purchaser. .....
(a)(9) Notice regarding the Acordia, Inc. Producers Deferred Compensation &
Equity Plan. ............................................................
(a)(10) Notice regarding the Anthem, Acordia and ABI 401(k) Plans. ..............
(a)(11) Letter dated June 17, 1997 from Frank C. Witthun, President and CEO of
the Company, and L. Ben Lytle, Chairman of the Board of Directors of the
Company, to all restricted stock participants. ..........................
(a)(12) Letter dated June 17, 1997 from Frank C. Witthun, President and CEO of
the Company, and L. Ben Lytle, Chairman of the Board of Directors of the
Company, to the restricted stock participants under the Producer Deferred
Compensation and Equity Plan. ...........................................
(a)(13) Letter from Frank C. Witthun, President and CEO of the Company, and L.
Ben Lytle, Chairman of the Board of Directors of the Company to each
stock optionholder of the Company with an attached list of questions and
answers regarding the stock options issued under the various Company
stock compensation plans. ...............................................
(a)(14) Form of Stock Option Cancellation Agreement. ............................
(a)(15) Text of Press Release, dated July 2, 1997, issued by Parent. ............
(a)(16) Text of Press Release, dated July 7, 1997, issued by Parent. ............
*(a)(17) Text of Press Release, dated July 7, 1997, issued by Parent. ............
(c)(1) Agreement and Plan of Merger dated as of June 2, 1997, among the Company,
Parent and the Purchaser. ...............................................
(c)(2) Anthem Acordia Stock Plan, as amended. ..................................
(c)(3) Fairness Opinion of Credit Suisse First Boston Corporation
dated June 2, 1997. .....................................................
(c)(4) Complaint filed in Crandon Capital Partners v. Acordia, Inc., et al.
(Del. Ch. June 4, 1997)..................................................
(c)(5) Complaint filed in Sherry Levinson v. Acordia, Inc., et. al., and Anthem
Insurance Companies, Inc. (Del. Ch. June 4, 1997). ......................
(d) None. ...................................................................
(e) Not applicable. .........................................................
(f) None. ...................................................................
</TABLE>
- ------------------
* Material filed herewith.
<PAGE> 1
Exhibit (a)(17)
FOR IMMEDIATE RELEASE: JULY 10, 1997 NEWS MEDIA INQUIRIES, CONTACT:
Patty Coyle, Anthem
317-488-6249
ANTHEM COMPLETES TENDER OFFER FOR ACORDIA
INDIANAPOLIS -- Anthem Insurance Companies, Inc. announced today that
it has completed its cash tender offer for all of the outstanding shares of
common stock of Acordia, Inc.(NYSE:ACO) upon the expiration of the offer at
12:00 Midnight, New York City time, on July 9, 1997.
Anthem began the tender offer to purchase all of the outstanding
shares of Acordia at a price of $40.00 per share, net to the seller in cash,
without interest, on June 6, 1997. A total of 4,045,472 shares of Acordia,
including notices of guaranteed delivery, were tendered and not withdrawn in
the tender offer. Credit Suisse First Boston Corporation acted as Dealer
Manager for the offer.
The tendered shares, together with 8,693,056 shares owned by Anthem's
wholly owned subsidiary AICI Acquisition Corp., constitute approximately 98
percent of the total outstanding common stock of Acordia and will enable Anthem
to acquire the remaining shares of Acordia at $40.00 per share by merging AICI
Acquisition into Acordia without a meeting or vote of Acordia stockholders in a
so-called "short form" merger.
Acordia is an insurance brokerage firm providing insurance broking and
consulting services.
Anthem is an Indiana-domiciled FORTUNE 500 mutual insurance company
providing health care management and insurance products and services to
millions of Americans. As a mutual insurance company, Anthem is owned by its
policyholders. Anthem, which is based in Indianapolis, is the Blue Cross and
Blue Shield licensee for Indiana, Kentucky and Ohio.
