EVEREST MEDICAL CORPORATION
SC TO-T/A, 2000-04-07
ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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

                                   SCHEDULE TO

            TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
                                 AMENDMENT NO. 1

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

                           EVEREST MEDICAL CORPORATION
                            (Name of subject company)

                       GOLDEN ACQUISITION CORP. (Offeror)
                     GYRUS GROUP PLC (Affiliate of Offeror)
            (Names of Filing Persons (identifying status as offeror,
                            issuer or other person))

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

                     COMMON STOCK, PAR VALUE $.01 PER SHARE;
   SERIES A CONVERTIBLE PREFERRED STOCK, PAR VALUE $.01 PER SHARE; SERIES B 8%
       CONVERTIBLE PREFERRED SHARES, PAR VALUE $.01 PER SHARE; SERIES C 6%
  CONVERTIBLE REDEEMABLE PREFERRED STOCK, PAR VALUE $.01 PER SHARE; and SERIES
                     D 10% CONVERTIBLE REDEEMABLE PREFERRED
                        STOCK, PAR VALUE $.01 PER SHARE.
                        (Title of classes of securities)

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

                                   299806-10-9
                         (CUSIP number of common stock)

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

                         John Bradshaw, Finance Director
                            Golden Acquisition Corp.
                               c/o Gyrus Group PLC
                            Fortran Road; St. Mellons
                                Cardiff; CF3 0LT
                                     England
                               011-44-1222-300-110

  (NAME, ADDRESS, AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES
                    AND COMMUNICATIONS ON BEHALF OF OFFERORS)

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

                                 WITH COPIES TO:
                              Gerald J. Kehoe, Esq.
                                Bingham Dana LLP
                               150 Federal Street
                                Boston, MA 02110
                                 (617) 951-8000

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

                            CALCULATION OF FILING FEE
<TABLE>
<CAPTION>
==============================================================================================================================
<S>                                                                             <C>
TRANSACTION VALUATION*                                                          AMOUNT OF FILING FEE
- ------------------------------------------------------------------------------------------------------------------------------
AGGREGATE OF THE CASH OFFERED BY THE OFFEROR FOR THE SECURITIES ($46,880,000)   (.02) X (.01 X TRANSACTION VALUATION) ($9,376)
==============================================================================================================================
</TABLE>

*    For purposes of calculating amount of filing fee only. The amount assumes
     the purchase of (1) 7,728,965 shares of Common Stock, par value $.01 per
     share (the "Common Shares"), at a price per Common Share of $4.85 in cash,
     (2) 462,937 shares of Series A Convertible Preferred Stock (the "Series A
     Preferred Stock") at a price per share of Series A Preferred Stock of $4.85
     in cash, (3) 597,273 shares of Series B 8% Convertible Preferred Shares
     (the "Series B Preferred Stock") at a price per share of Series B Preferred
     Stock of $4.85 in cash, (4) 410,906 shares of Series C 6% Convertible
     Redeemable Preferred Stock (the "Series C Preferred Stock") at a price per
     share of Series C Preferred Stock of $4.85 in cash, and (5) 466,500 shares
     of Series D 10% Convertible Redeemable Preferred Stock (the "Series D
     Preferred Stock") at a price per share of Series D Preferred Stock of $4.85
     in cash.

/x/  Check the box if any part of the fee is offset as provided by Rule
     0-11(a)(2) and identify the filing with which the offsetting fee was
     previously paid. Identify the previous filing by registration statement
     number, or the form or schedule and the date of its filing.
     Amount Previously Paid:  $9,376      Filing Party: Golden Acquisition Corp.
     Form or Registration No.: Schedule TO           Date Filed: March 16, 2000

     Check the box if the filing relates solely to preliminary communications
     made before the commencement of the tender offer. Check the appropriate
     boxes below to designate any transactions to which the statement relates:

     /x/ third party tender offer subject to Rule 14d-1
     / / issuer tender offer subject to Rule 13e-4
     / / going private transaction subject to Rule 13e-3
     / / amendment to Schedule 13D under Rule 13d-2

     Check the following box if the filing is a final amendment reporting the
     results of the tender offer:


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                         AMENDMENT TO OFFER TO PURCHASE

         Notwithstanding anything to the contrary that may be expressed in the
Offer to Purchase, dated March 16, 2000 (the "Offer to Purchase"), and attached
as Exhibit 1 to the Schedule TO filed with the Securities and Exchange
Commission on March 16, 2000, by Golden Acquisition Corp., a Delaware
corporation (the "Purchaser") and Gyrus Group PLC, parent of the Purchaser and a
public limited company incorporated and existing under the laws of England and
Wales, in order for the Purchaser to accept for payment shares validly tendered
in the offer (the "Offer") made by the Purchaser in such Offer to Purchase, all
conditions to the Offer, other than those involving receipt of necessary
government approvals, will be either satisfied or waived on or before the
Expiration Date of the Offer.


                                   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: April 7, 2000



                                    GOLDEN ACQUISITION CORP.


                                    By: /s/ John Bradshaw
                                        ----------------------------
                                    Name: John Bradshaw
                                    Title:  Secretary and Treasurer



                                    GYRUS GROUP PLC


                                    By: /s/ John Bradshaw
                                        ----------------------------
                                    Name: John Bradshaw
                                    Title:  Finance Director




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