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__)*
Harmony Holdings, Inc.
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(Name of Subject Company (issuer))
iNTELEFILM Corporation (offeror)
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(Names of Filing Persons (identifying status as offeror,
issuer or other person))
Common Stock
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(Title of Class of Securities)
41322310
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(CUSIP Number of Class of Securities)
Avron L. Gordon, Esq. Jill J. Theis, Esq.
Christopher C. Cleveland, Esq. Secretary and General Counsel
Brett D. Anderson, Esq. iNTELEFILM Corporation
Briggs and Morgan, P.A. 5501 Excelsior Boulevard
2400 IDS Center Minneapolis, MN 55416
80 South Eighth Street (612) 925-8840
Minneapolis, MN 55402
(612) 334-8400
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(Name, address and telephone numbers of person authorized to receive notices and
communications on behalf of filing persons)
Calculation of Filing Fee
- ---------------------------------------- ---------------------------------------
Transaction valuation* Amount of filing fee
- ---------------------------------------- ---------------------------------------
No fee required
- ---------------------------------------- ---------------------------------------
*Set forth the amount on which the filing fee is calculated and state how it was
determined.
[ ] 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:_________________________________________
[ X ] 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 transactions to which the
statement relates:
[ ] third-party tender offer subject to Rule 14d-1.
[ X ] issuer tender offer subject to Rule 13e-4.
[ ] going-private transaction subject to Rule 13e-3.
[ ] amendment to Schedule 13D under Rule 13e-2.
Check the following box if the filing is a final amendment reporting the results
of the tender offer: [ ]
<PAGE>
Harmony Holdings, Inc.
Exchange Act
File # 0-19577
iNTELEFILM CORPORATION PROPOSES EXCHANGE TENDER OFFER TO
ACQUIRE REMAINING HARMONY HOLDINGS SHARES
MINNEAPOLIS, MARCH 23, 2000-- iNTELEFILM(SM) Corporation (Nasdaq
National Market: FILM) announced today that it proposes to commence an exchange
tender offer to the shareholders of Harmony Holdings, Inc. to acquire all of the
outstanding shares of Harmony. iNTELEFILM, which owns approximately 55% of
Harmony's outstanding common stock, intends to make an offer to Harmony's
stockholders to acquire all shares of Harmony not currently owned by it, in
exchange for shares of iNTELEFILM common stock.
iNTELEFILM proposes to offer one share of its common stock for every
13.75 shares of Harmony common stock. Further information about the exchange
tender offer will be set forth in iNTELEFILM's registration statement and other
offering materials to be filed with the Securities and Exchange Commission at a
later date.
Christopher T. Dahl, Chairman and Chief Executive Officer of
iNTELEFILM, stated, "Bringing Harmony fully into the iNTELEFILM family will
further increase operating efficiencies, avoid duplications of SEC expenses and
take advantage of synergies among various production companies. We believe our
proposed plan will enhance shareholder value for both iNTELEFILM and Harmony."
This press release does not constitute an offer to sell or a
solicitation of an offer to exchange the securities of iNTELEFILM for the
securities of Harmony. Any such offer or solicitation will be made only by
iNTELEFILM's prospectus and other exchange offer materials, which will be mailed
to Harmony's shareholders at a later date. Harmony's shareholders are urged to
read these documents when they become available, because they will contain
important information about the offer. The documents will also be available at
no charge from the SEC's web site, www.sec.gov, and from iNTELEFILM at 5501
Excelsior Boulevard; Minneapolis, MN 55416.
ABOUT iNTELEFILM
iNTELEFILM Corporation, based in Minneapolis, is a leading source of
services for the television commercial production industry, offering extensive
production capability and the exclusive services of established industry talent.
iNTELEFILM intends to seek additional acquisitions to further broaden its
offering of services with the objective of enhancing overall profit margins and
leveraging its pool of talent and technical expertise to capitalize on the
convergence of short-form video content and technologies of broadband
<PAGE>
Internet delivery systems. Individual companies managed under the iNTELEFILM
umbrella include Chelsea Pictures, New York, Los Angeles and Sydney, Australia;
Curious Pictures, New York and San Francisco; The End, Los Angeles, New York,
and London, and Populuxe Pictures, New York. iNTELEFILM trades on the Nasdaq
National Market under the symbol "FILM." Additional information on the company
can be found in the company's filings with the Securities and Exchange
Commission and on the company's Web site at http://www.intelefilm.com.
Forward looking statements
Certain statements made in this press release of a non-historical nature
constitute "forward looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1985. Such forward-looking statements are
subject to certain risks and uncertainties that could cause actual results to
differ materially from those anticipated. Such factors include, but are not
limited to, the risk that the proposed exchange tender offer for Harmony is not
commenced or completed, and the other risks and uncertainties described in the
Company's Form 10-KSB Report for year ended December 31, 1998, as filed with the
Securities and Exchange Commission.
