<PAGE>
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._____)*
CASTLE & COOKE, INC.
(Name of Subject Company (issuer))
CASTLE ACQUISITION COMPANY, INC. - Offeror
CASTLE & COOKE HOLDINGS, INC. - Parent of Offeror
FLEXI-VAN LEASING, INC. - Indirect Parent of Offeror
DAVID H. MURDOCK - Sole Shareholder of Flexi-Van Leasing, Inc.
(Name of Filing Persons (identifying status as offeror, issuer or other person)
COMMON STOCK, NO PAR VALUE
(Title of Class of Securities)
Roberta Wieman
10900 Wilshire Boulevard
Los Angeles, California 90024
Telephone: (310) 208-6055
(Name, address and telephone numbers of person authorized
to receive notices and communications on behalf of filing persons)
Copies to:
Peter J. Tennyson, Esq.
Paul, Hastings, Janofsky & Walker LLP
695 Town Center Drive, Seventeenth Floor
Costa Mesa, California 92626-1924
Telephone: (714) 668-6200
CALCULATION OF FILING FEE
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Transaction valuation* Amount of filing fee
---------------------------------------- ---------------------------------------
---------------------------------------- ---------------------------------------
$246,608,459.50 $49,321.70
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* Estimated for purposes of calculating the amount of filing fee only. The
amount assumes the purchase of 13,330,187 shares of common stock, having no par
value, at a price per share of $18.50 in cash. Such number of shares represents
all of the Shares outstanding as of May 19, 2000, MINUS the shares already
beneficially owned by Offeror and its affiliates, PLUS the number of options
outstanding on May 19, 2000 that according to the Agreement and Plan of Merger,
dated May 19, 2000, must be accelerated, MINUS the options already owned by
David H. Murdock that according to the Agreement and Plan of Merger, dated
May 19, 2000, will be cancelled.
| | 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:_______________________
Form or Registration No.:______________________
Filing Party:_________________________________
Date Filed:__________________________________
| | Check the box if the filing relates solely to preliminary communications
made before the commencement of a tender offer.
Check the appropriate boxes below to designate any transaction to which the
statement relates:
|X| third-party tender offer subject to Rule 14d-1.
|X| issuer tender offer subject to Rule 13e-4.
|X| going-private transaction subject to Rule 13e-3.
|X| 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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CUSIP No. 148433105 13D
---------
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
David H. Murdock
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
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(3) SEC Use Only
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(4) Source of Funds*
OO
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
/ /
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(6) Citizenship or Place of Organization
U.S.
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Number of Shares (7) Sole Voting
Beneficially Owned Power 4,616,977
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power O
--------------------------------------------------
(9) Sole Dispositive
Power 4,616,977
--------------------------------------------------
(10) Shared Dispositive
Power O
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
4,616,977
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
/ /
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(13) Percent of Class Represented by Amount in Row (11)
27.1%
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(14) Type of Reporting Person*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 148433105 13D
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Flexi-Van Leasing Inc.
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
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(3) SEC Use Only
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(4) Source of Funds*
OO
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
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(6) Citizenship or Place of Organization
Delaware
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Number of Shares (7) Sole Voting
Beneficially Owned Power 4,501,310
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power O
--------------------------------------------------
(9) Sole Dispositive
Power 4,501,310
--------------------------------------------------
(10) Shared Dispositive
Power O
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
4,501,310
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
/ /
-------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
26.4%
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(14) Type of Reporting Person*
CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 148433105 13D
---------
-------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Castle Acquisition Company, Inc.
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
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(3) SEC Use Only
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(4) Source of Funds*
OO
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
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(6) Citizenship or Place of Organization
Hawaii
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Number of Shares (7) Sole Voting
Beneficially Owned Power O
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power O
--------------------------------------------------
(9) Sole Dispositive
Power O
--------------------------------------------------
(10) Shared Dispositive
Power O
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
O
-------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
/ /
-------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
O.O%
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(14) Type of Reporting Person*
CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
================================================================================
CUSIP No. 148433105 13D
---------
-------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Castle & Cooke Holdings, Inc.
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
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(3) SEC Use Only
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(4) Source of Funds*
OO
-------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
-------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
Delaware
-------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power O
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power O
--------------------------------------------------
(9) Sole Dispositive
Power O
--------------------------------------------------
(10) Shared Dispositive
Power O
-------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
O
-------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
/ /
-------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
0.0%
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(14) Type of Reporting Person*
CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
This Tender Offer Statement on Schedule TO is filed by Castle
Acquisition Company, Inc., a Hawaii corporation ("Purchaser") and a wholly owned
subsidiary of Castle & Cooke Holdings, Inc., a Delaware corporation ("Parent")
and a wholly owned subsidiary of Flexi-Van Leasing, Inc., a Delaware corporation
("FLX"), which is 100% owned by David H. Murdock ("DHM"). The Schedule TO
relates to the offer by Purchaser to purchase all of the outstanding shares of
common stock, having no par value (the "Shares"), of Castle & Cooke, Inc., a
Hawaii corporation (the "Company"), at a purchase price of $18.50 per Share, net
to the seller in cash, without interest, upon the terms and subject to the
conditions set forth in the Offer to Purchase (the "Offer to Purchase") and in
the related Letter of Transmittal, copies of which are attached hereto as
Exhibits (a)(1) and (a)(2) (which together with any amendments or supplements
thereto, collectively constitute the "Offer"). The information set forth in the
Offer is incorporated herein by reference with respect to Items 1-9, 11 and 13
of the Schedule TO. The exhibits identified in Item 12 and attached hereto are
incorporated herein by reference with respect to Items 4,5,7,9,11 & 13 of the
Schedule TO.
Item 10. FINANCIAL STATEMENTS OF CERTAIN BIDDERS.
The financial statements of Castle & Cooke, Inc. are incorporated
herein by reference to their Form 10-K for the year ending December 31, 1999.
The financial statements of the Offeror are not available because it
has no assets and has conducted no operations to date.
Item 12. EXHIBITS
99(a)(1) Offer to Purchase dated May 31, 2000
99(a)(2) Form of Letter of Transmittal
99(a)(3) Form of Notice of Guaranteed Delivery
99(a)(4) Form of Letter to Brokers, Dealers, Commercial Banks,
Trust Companies and Other Nominees
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99(a)(5) Form of Letter to Our Clients
99(a)(6) Form of Summary Advertisement dated June 1, 2000
99(a)(7) Guidelines for Certification of Taxpayer
Identification Number on Substitute Form W-9
99(a)(8) Text of press release issued by the Company dated
March 29, 2000 (incorporated by reference to the
Schedule TO filed by Purchaser, Parent, FLX and DHM
with the Securities and Exchange Commission on March
30, 2000)
99(a)(9) Text of press release issued by FLX dated March 29,
2000 (incorporated by reference to the Schedule TO
filed by Purchaser, Parent, FLX and DHM with the
Securities and Exchange Commission on March 30, 2000)
99(a)(10) Text of press release issued by the Company dated
April 12, 2000
99(a)(11) Text of press release issued by the Company dated May
16, 2000 (incorporated by reference to the Schedule
TO filed by Purchaser, Parent, FLX and DHM with the
Securities and Exchange Commission on May 16, 2000)
99(a)(12) Text of press release issued by the FLX dated May 15,
2000 (incorporated by reference to the Schedule TO
filed by Purchaser, Parent, FLX and DHM with the
Securities and Exchange Commission on May 16, 2000)
99(a)(13) Test of press release issued by the Company dated
May 22, 2000 (incorporated by reference to the
Schedule 14d-9 filed by the Company with the
Securities and Exchange Commission on May 22, 2000)
99(a)(14) Text of press release issued by FLX dated
May 22, 2000 (incorporated by reference to the
Schedule TO filed by Purchaser, Parent, FLX and
DHM with the Securities and Exchange Commission on
May 22, 2000)
99(a)(15) Text of letter from David H. Murdock to the
Shareholders dated May 31, 2000
99(b)(1) Permanent Financing Agreement (to be filed at a
later date as an amendment to this Schedule TO)
99(b)(2) Bridge Loan Financing Agreement (to be filed at a
later date as an amendment to this Schedule TO)
99(c)(1) Fairness Opinion of Bear, Stearns & Co., Inc. (filed
as Exhibit A to Offer to Purchase)
99(c)(2) Presentation of Bear, Stearns & Co., Inc. dated
May 19, 2000 (a Confidential Treatment Request has
been filed with the SEC with respect to Appendix C
of this Exhibit)
99(c)(3) Limited Appraisal Report from the Hallstrom Group
regarding Company property on Lana'i and certain
property on Oahu (filed as Appendix D to Exhibit
99(c)(2))
99(c)(4) Presentation of Deutsche Bank Securities Inc. dated
May 4, 2000
99(d)(1) Agreement and Plan of Merger dated May 19, 2000,
among Purchaser, Parent, FLX and the Company (filed
as Exhibit B to Offer to Purchase)
99(d)(2) Confidentiality Agreement dated March 29, 2000,
between the Company and FLX
99(d)(3) Indemnification Agreement dated April 11, 2000
99(e) Not applicable
99(f) Section 415-81 of the Hawaii Business Corporation
Act (filed as Schedule II to Offer to Purchase)
99(g) Not applicable
99(h) Not applicable
3
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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: May 31, 2000
CASTLE ACQUISITION CORPORATION, INC.
By: /s/ DAVID H. MURDOCK
--------------------------------------
Name: David H. Murdock
-----------------------------
Title: Chairman of the Board, CEO & President
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CASTLE & COOKE HOLDINGS, INC.
By: /s/ DAVID H. MURDOCK
--------------------------------------
Name: David H. Murdock
-----------------------------
Title: Chairman of the Board, CEO & President
----------------------------------------
FLEXI-VAN LEASING, INC.
By: /s/ DAVID H. MURDOCK
--------------------------------------
Name: David H. Murdock
-----------------------------
Title: Chairman of the Board & CEO
----------------------------------------
DAVID H. MURDOCK
/s/ DAVID H. MURDOCK
------------------------------
4
<PAGE>
EXHIBIT INDEX
99(a)(1) Offer to Purchase dated May 31, 2000
99(a)(2) Form of Letter of Transmittal
99(a)(3) Form of Notice of Guaranteed Delivery
99(a)(4) Form of Letter to Brokers, Dealers, Commercial Banks,
Trust Companies and Other Nominees
99(a)(5) Form of Letter to Our Clients
99(a)(6) Form of Summary Advertisement dated June 1, 2000
99(a)(7) Guidelines for Certification of Taxpayer
Identification Number on Substitute Form W-9
99(a)(8) Text of press release issued by the Company dated
March 29, 2000 (incorporated by reference to the
Schedule TO filed by Purchaser, Parent, FLX and DHM
with the Securities and Exchange Commission on March
30, 2000)
99(a)(9) Text of press release issued by FLX dated March 29,
2000 (incorporated by reference to the Schedule TO
filed by Purchaser, Parent, FLX and DHM with the
Securities and Exchange Commission on March 30, 2000)
99(a)(10) Text of press release issued by the Company dated
April 12, 2000
99(a)(11) Text of press release issued by the Company dated May
16, 2000 (incorporated by reference to the Schedule
TO filed by Purchaser, Parent, FLX and DHM with the
Securities and Exchange Commission on May 16, 2000)
99(a)(12) Text of press release issued by the FLX dated May 15,
2000 (incorporated by reference to the Schedule TO
filed by Purchaser, Parent, FLX and DHM with the
Securities and Exchange Commission on May 16, 2000)
99(a)(13) Test of press release issued by the Company dated
May 22, 2000 (incorporated by reference to the
Schedule 14d-9 filed by the Company with the
Securities and Exchange Commission on May 22, 2000)
99(a)(14) Text of press release issued by FLX dated
May 22, 2000 (incorporated by reference to the
Schedule TO filed by Purchaser, Parent, FLX and
DHM with the Securities and Exchange Commission on
May 22, 2000)
99(a)(15) Text of letter from David H. Murdock to the
Shareholders dated May 31, 2000
99(b)(1) Permanent Financing Agreement (to be filed at a
later date as an amendment to this Schedule TO)
99(b)(2) Bridge Loan Financing Agreement (to be filed at a
later date as an amendment to this Schedule TO)
99(c)(1) Fairness Opinion of Bear, Stearns & Co., Inc. (filed
as Exhibit A to Offer to Purchase)
99(c)(2) Presentation of Bear, Stearns & Co., Inc. dated
May 19, 2000 (a Confidential Treatment Request has
been filed with the SEC with respect to Appendix C
of this Exhibit)
99(c)(3) Limited Appraisal Report from the Hallstrom Group
regarding Company property on Lana'i and certain
property on Oahu (filed as Appendix D to Exhibit
99(c)(2))
99(c)(4) Presentation of Deutsche Bank Securities Inc. dated
May 4, 2000
99(d)(1) Agreement and Plan of Merger dated May 19, 2000,
among Purchaser, Parent, FLX and the Company (filed
as Exhibit B to Offer to Purchase)
99(d)(2) Confidentiality Agreement dated March 29, 2000,
between the Company and FLX
99(d)(3) Indemnification Agreement dated April 11, 2000
99(e) Not applicable
99(f) Section 415-81 of the Hawaii Business Corporation
Act (filed as Schedule II to Offer to Purchase)
99(g) Not applicable
99(h) Not applicable
5
