GENERAL NUTRITION COMPANIES INC, SC 14D1/A, 1999-07-26

GENERAL NUTRITION COMPANIES INC
SC 14D1/A, 1999-07-26
FOOD STORES

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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

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

SCHEDULE 14D-1

(AMENDMENT NO. 1)
TENDER OFFER STATEMENT
PURSUANT TO SECTION 14(d)(1) OF THE SECURITIES EXCHANGE ACT OF 1934

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

GENERAL NUTRITION COMPANIES, INC.
(NAME OF SUBJECT COMPANY)

NUMICO INVESTMENT CORP.
NUMICO US, LP
NUMICO, INC.
NUMICO NATIONAAL B.V.
NUTRICIA INTERNATIONAL B.V.
NUTRICIA HOLDINGS LTD.
KONINKLIJKE NUMICO N.V.
(ROYAL NUMICO)

(BIDDERS)

COMMON STOCK, PAR VALUE $.01 PER SHARE
(TITLE OF CLASS OF SECURITIES)

37047F103

(CUSIP NUMBER OF CLASS OF SECURITIES)

JULITTE VAN DER VEN
NUMICO INVESTMENT CORP.
C/O GUY E. SNYDER, ESQ.
VEDDER, PRICE, KAUFMAN & KAMMHOLZ

222 NORTH LASALLE STREET
CHICAGO, ILLINOIS 60601
TELEPHONE: (312) 609-7500

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

COPIES TO:

<TABLE>
<CAPTION>
<S> <C>
GUY E. SNYDER, ESQ. JOHN L. MACCARTHY, ESQ.
VEDDER, PRICE, KAUFMAN & KAMMHOLZ WINSTON & STRAWN
222 NORTH LASALLE STREET 35 WEST WACKER DRIVE
CHICAGO, ILLINOIS 60601 CHICAGO, ILLINOIS 60601
(312) 609-7500 (312) 558-5600
</TABLE>

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SCHEDULE 14D-1

CUSIP NO. 37047F103

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

1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
KONINKLIJKE NUMICO N.V.
- --------------------------------------------------------------------------------

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) / /

(b) / /
- --------------------------------------------------------------------------------

3. SEC USE ONLY

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

4. SOURCE OF FUNDS
BK
- --------------------------------------------------------------------------------

5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(E)
OR 2(F)

/ /
- --------------------------------------------------------------------------------

6. CITIZENSHIP OR PLACE OF ORGANIZATION

THE NETHERLANDS
- --------------------------------------------------------------------------------

7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

0
- --------------------------------------------------------------------------------

8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES

/ /
- --------------------------------------------------------------------------------

9. PERCENT OF CLASS REPRESENTED TO AMOUNT IN ROW (7)

0%
- --------------------------------------------------------------------------------

10. TYPE OF REPORTING PERSON

CO
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1
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SCHEDULE 14D-1

CUSIP NO. 37047F103

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

1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NUMICO INVESTMENT CORP.
- --------------------------------------------------------------------------------

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) / /

(b) / /
- --------------------------------------------------------------------------------

3. SEC USE ONLY

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

4. SOURCE OF FUNDS
AF
- --------------------------------------------------------------------------------

5. CHECK 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

0
- --------------------------------------------------------------------------------

8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES

/ /
- --------------------------------------------------------------------------------

9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)

0%
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10. TYPE OF REPORTING PERSON

CO
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2
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SCHEDULE 14D-1

CUSIP NO. 37047F103

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

1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NUMICO US, LP

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

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) / /

(b) / /

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

3. SEC USE ONLY

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

4. SOURCE OF FUNDS
AF

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

5. CHECK 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

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

8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES

/ /
- --------------------------------------------------------------------------------

9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)

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

10. TYPE OF REPORTING PERSON

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

3
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SCHEDULE 14D-1

CUSIP NO. 37047F103

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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NUMICO, INC.

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

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) / /

(b) / /

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

3. SEC USE ONLY

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

4. SOURCE OF FUNDS
AF

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

5. CHECK 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

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

8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES

/ /
- --------------------------------------------------------------------------------

9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)

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

10. TYPE OF REPORTING PERSON

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4
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SCHEDULE 14D-1

CUSIP NO. 37047F103

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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NUMICO NATIONAAL B.V.

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

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) / /

(b) / /

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

3. SEC USE ONLY

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

4. SOURCE OF FUNDS
AF

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

5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(E)
OR 2(F)

/ /
- --------------------------------------------------------------------------------

6. CITIZENSHIP OR PLACE OF ORGANIZATION

THE NETHERLANDS

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

7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

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

8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES

/ /
- --------------------------------------------------------------------------------

9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)

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

10. TYPE OF REPORTING PERSON

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

5
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SCHEDULE 14D-1

CUSIP NO. 37047F103

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

1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NUTRICIA INTERNATIONAL B.V.

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

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) / /

(b) / /

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

3. SEC USE ONLY

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

4. SOURCE OF FUNDS
AF

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

5. CHECK 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

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

8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES

/ /
- --------------------------------------------------------------------------------

9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)

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

10. TYPE OF REPORTING PERSON

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

6
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SCHEDULE 14D-1

CUSIP NO. 37047F103

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

1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NUTRICIA HOLDINGS LTD.

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

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) / /

(b) / /

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

3. SEC USE ONLY

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

4. SOURCE OF FUNDS
AF

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

5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(E)
OR 2(F)

/ /
- --------------------------------------------------------------------------------

6. CITIZENSHIP OR PLACE OF ORGANIZATION

THE UNITED KINGDOM

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7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

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

8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES

/ /
- --------------------------------------------------------------------------------

9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)

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

10. TYPE OF REPORTING PERSON

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

7
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This Amendment No. 1 (this "Amendment") amends and supplements the Tender
Offer Statement on Schedule 14D-1 originally filed with the Securities and
Exchange Commission on July 9, 1999 (the "Schedule 14D-1") by Koninklijke Numico
N.V., a company organized under the laws of The Netherlands ("Numico"), and
Numico Investment Corp., a Delaware corporation (the "Purchaser") and an
indirect wholly-owned subsidiary of Numico. The Schedule 14D-1 and this
Amendment relate to a tender offer by the Purchaser to purchase all outstanding
shares of common stock, par value $0.01 per share (the "Shares"), of General
Nutrition Companies, Inc., a Delaware corporation (the "Company"), at $25.00 per
Share, net to the seller in cash, upon the terms and subject to the conditions
set forth in the Offer to Purchase dated July 9, 1999 and in the related Letter
of Transmittal (which, together with any amendments or supplements thereto,
collectively constitute the "Offer"), copies of which are filed as Exhibits
(a)(1) and (a)(2) with the Schedule 14D-1, respectively.

ITEM 2. IDENTITY AND BACKGROUND.

Item 2 of the Schedule 14D-1 is hereby amended and restated as follows:

(a)-(d); (g) This statement is being filed by Koninklijke Numico N.V., a
company incorporated under the laws of The Netherlands ("Numico"), Numico
Investment Corp., a Delaware corporation (the "Purchaser") and an indirect
wholly-owned subsidiary of Numico, Numico US, LP, a Delaware limited partnership
("Numico LP") and the parent of the Purchaser, Numico, Inc., a Delaware
corporation ("Numico, Inc.") and sole general partner of Numico LP, Numico
Nationaal B.V., a company organized under the laws of The Netherlands ("Numico
Nationaal"), the parent of Numico, Inc. and sole limited partner of Numico LP,
Nutricia International B.V., a company organized under the laws of The
Netherlands ("Nutricia International"), the parent of Numico Nationaal and a
wholly-owned subsidiary of Numico, and Nutricia Holdings Ltd., a company
organized under the laws of the United Kingdom ("Nutricia Holdings") and a
wholly-owned subsidiary of Nutricia International. The information set forth in
Section 9 of the Offer to Purchase, which is hereby amended and restated in Item
10 hereto, is incorporated herein by reference. The name, business address,
present principal occupation or employment, the material occupations, positions,
offices or employments for the past five years and citizenship of each director
and executive officer of Numico, the Purchaser, Numico LP, Numico, Inc., Numico
Nationaal, Nutricia International and Nutricia Holdings, and the name, principal
business and address of any corporation or other organization in which such
occupations, positions, offices and employments are or were carried on are set
forth in Schedule A to the Offer to Purchase, which is hereby amended and
restated in Item 10 hereto, and are incorporated herein by reference.

(e); (f) During the last five years, none of Numico, the Purchaser, Numico
LP, Numico, Inc., Numico Nationaal, Nutricia International or Nutricia Holdings,
or to the best of their respective knowledge, any of the directors or executive
officers of Numico, the Purchaser, Numico LP, Numico, Inc., Numico Nationaal,
Nutricia International or Nutricia Holdings has been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) or was a party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction as a result of which any such person was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
activities subject to, federal or state securities laws or finding any violation
of such law.

ITEM 4. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.

Section 13 of the Offer to Purchase. The third sentence of the first
paragraph of Section 13 appearing on page 31 and page 32 is hereby amended and
restated as follows:

The Purchaser will obtain funds from Numico, either directly or indirectly
via Numico LP, Numico, Inc., Numico Nationaal, Nutricia International and/or
Nutricia Holdings, through loans, advances or capital contributions.

8
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ITEM 9. FINANCIAL STATEMENTS OF CERTAIN BIDDERS.

Section 9 of the Offer to Purchase. The first paragraph on page 15 is hereby
deleted and replaced with the following:

Numico's financial statements are prepared in accordance with generally
accepted accounting principles in The Netherlands ("Dutch GAAP"), which differ
in certain respects from generally accepted accounting principles in the U.S.
("US GAAP"). Numico, however, believes that the differences between Dutch GAAP
and US GAAP are not material to a decision by a holder of Shares whether to
sell, tender or hold the Shares. The primary differences between Dutch GAAP and
US GAAP as they relate to the Numico financial information presented above are
set forth below.

Under Dutch GAAP, goodwill arising from acquisitions prior to 1999 has been
charged directly to stockholders' equity. According to US GAAP, goodwill arising
from acquisitions is capitalized and amortized over its useful life up to a
maximum of 40 years.

Under US GAAP, it is not appropriate to record a liability for
dividends/distribution to shareholders subject to approval of the Annual General
Meeting of Shareholders.

Under Dutch GAAP, deferred tax assets are not recognized when realization is
not virtually certain. Under US GAAP, deferred tax assets are recognized when
realization is more likely than not.

Under Dutch GAAP, pension obligations are determined using actuarial
methods. No specific requirements exist in respect of the actuarial method and
assumptions to be used. Under US GAAP, pension expenses and related liabilities
are based on a specified methodology set forth in FASB 87.

Under Dutch GAAP, provisions can be made for risks existing on the balance
sheet date concerning certain expected obligations or losses whose amount can be
reasonably estimated. Provisions can also be made for expenses to be incurred in
a subsequent financial year, provided that such expenses originated, at least
partly, in the current or preceding financial year. Under US GAAP, accruals that
can be reasonably estimated are only recorded when and to the extent it is
probable that a loss has been incurred at the balance sheet date. General or
unspecified business risks or probable future losses do not meet the conditions
for accrual. Under US GAAP, provisions for restructuring costs which are
directly associated with a plan to exit an activity (such as employee
termination benefits and other restructuring costs), are only made when certain
specific requirements are met.

ITEM 10. ADDITIONAL INFORMATION.

1. Item 10(b)-(c) of the Schedule 14D-1 is hereby amended as follows:

On July 16, 1999, Numico received notice of early termination of the
waiting period under the HSR Act. The expiration of the waiting period
was one of the conditions to the Purchaser's obligations under the
Agreement and Plan of Merger to accept for payment and pay for Shares
tendered pursuant to the Offer to Purchase.

2. Item 10(f) of the Schedule 14D-1 is hereby amended as follows:

(a) Section 8 of the Offer to Purchase. The second full paragraph on
page 13 is hereby amended and restated as follows:

The Projections were prepared solely for internal use and not with a
view to public disclosure or compliance with the published guidelines of
the SEC or the American Institute of Certified Public Accountants
regarding projections and were not prepared with the assistance of, or
reviewed by, independent accountants. The Projections are included in
this Offer to Purchase solely because such information was furnished to
Numico, the Purchaser and their respective affiliates by the Company. The
Projections were not prepared in accordance with generally accepted
accounting principles and were not audited or reviewed by any independent
accounting

9
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firm, nor did any such firm perform any other services with respect
thereto. The Projections are based on a variety of assumptions relating
to the business of the Company, industry performance, general business
and economic conditions and other matters, which are inherently subject
to significant uncertainties and contingencies, many of which are beyond
the Company's control. These assumptions involve judgments with respect
to, among other things, future economic and competitive conditions,
inflation rates and future business conditions. Accordingly, there can be
no assurance that the assumptions made in preparing the Projections will
prove accurate, and actual results may be materially greater or less than
those contained in the Projections. The inclusion of the Projections
herein should not be regarded as an indication that the Company, Numico,
the Purchaser, the Dealer Manager or their respective affiliates or
representatives considered or consider the Projections to be a reliable
prediction of future events, and the Projections should not be relied
upon as such. None of Numico, the Purchaser, the Dealer Manager or any of
their respective affiliates assumes any responsibility for the validity,
reasonableness, accuracy or completeness of the Projections. None of
Numico, the Purchaser, the Company, the Dealer Manager or their
respective affiliates is under any obligation to or has any intention to
update the Projections at any future time.

(b) Section 9 of the Offer to Purchase. The following information is
hereby inserted after the second full paragraph on page 14:

Numico, Inc., a Delaware corporation ("Numico, Inc."), is the general
partner of Numico LP. Numico, Inc. is a company established solely to
serve as the sole general partner of Numico LP and has not engaged in any
activities other than those incident to its formation and the formation
of Numico LP. Numico, Inc. is an indirect wholly-owned subsidiary of
Numico. The principal executive office of Numico, Inc. is located at 1209
Orange Street, Wilmington, Delaware 19801. All of the outstanding shares
of common stock of Numico, Inc. are owned by Numico Nationaal B.V., a
company organized under the laws of The Netherlands ("Numico Nationaal").

Numico Nationaal is the parent of Numico, Inc. and the sole limited
partner of Numico LP. Numico Nationaal serves as the holding company for
all of Numico's subsidiaries in The Netherlands. The principal executive
office of Numico Nationaal is located at Rokkeveenseweg 49, 2712 PJ
Zoetermeer, P.O. Box 1, 2700 MA Zoetermeer, The Netherlands. Numico
Nationaal is an indirect wholly-owned subsidiary of Numico.

Nutricia International B.V., a company organized under the laws of
The Netherlands ("Nutricia International"), is the parent of Numico
Nationaal and Nutricia Holdings, Ltd. Nutricia International is engaged
in the business of providing financing to Numico affiliates. The
principal executive office of Nutricia International is located at
Rokkeveenseweg 49, 2712 PJ Zoetermeer, P.O. Box 1 2700 MA Zoetermeer, The
Netherlands. Nutricia International is a wholly-owned subsidiary of
Numico.

Nutricia Holdings Ltd., a company organized under the laws of the
United Kingdom ("Nutricia Holdings"), is a wholly-owned subsidiary of
Nutricia International. Nutricia Holdings serves as the holding company
for all of Numico's subsidiaries in the United Kingdom. The principal
executive office of Nutricia Holdings is located at Newmarket Avenue,
White Horse Business Park, Trowbridge, England.

(c) Section 9 of the Offer to Purchase. The last three paragraphs of
Section 9 appearing on page 15 are hereby amended and restated as follows:

Except as described in Section 10 herein, none of Numico, the
Purchaser, Numico LP, Numico, Inc., Numico Nationaal, Nutricia
International or Nutricia Holdings, or, to the best of their knowledge,
any of the persons listed in Schedule A, nor any associate or
majority-owned subsidiary of any of the foregoing, beneficially owns or
has any right to acquire, directly or

10
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indirectly, any equity security of the Company. Except as set forth in
Section 10 herein, none of Numico, the Purchaser, Numico LP, Numico,
Inc., Numico Nationaal, Nutricia International or Nutricia Holdings, or,
to the best of their knowledge, any of the other persons referred to
above, nor any of their respective directors, executive officers or
subsidiaries has effected any transaction in any equity security of the
Company during the past 60 days.

Except as set forth in Sections 10 and 11 herein, none of Numico, the
Purchaser, Numico LP, Numico, Inc., Numico Nationaal, Nutricia
International or Nutricia Holdings, or, to the best of their knowledge,
any of the persons listed in Schedule A hereto, has any contract,
arrangement, understanding or relationship with any other person with
respect to any securities of the Company, including, but not limited to,
any contract, arrangement, understanding or relationship concerning the
transfer or the voting of any such securities, joint ventures, loan or
option arrangements, puts or calls, guaranties of loans, guaranties
against loss or the giving or withholding of proxies.

Except as set forth in Sections 10 and 11 herein, there have been no
contacts, negotiations or transactions since February 6, 1999 between
Numico, the Purchaser, Numico LP, Numico, Inc., Numico Nationaal,
Nutricia International or Nutricia Holdings, or, to the best of their
knowledge, any of the persons listed in Schedule A hereto, on the one
hand, and the Company or its affiliates, on the other hand, concerning a
merger, consolidation or acquisition, a tender offer or other acquisition
of securities, an election of directors, or a sale or other transfer of a
material amount of assets. Except as described in Sections 10 and 11
herein, none of Numico, the Purchaser, Numico LP, Numico, Inc., Numico
Nationaal, Nutricia International or Nutricia Holdings, or, to the best
of their knowledge, any of the persons listed in Schedule A hereto, has
since February 6, 1999, had any business relationship or transaction with
the Company or any of its executive officers, directors or affiliates
that would require disclosure under the rules and regulations of the SEC
applicable to the Offer.

(d) Section 12 of the Offer to Purchase. The first sixteen lines of the
first paragraph of Section 12 on page 30 and page 31 is hereby amended and
restated as follows:

Notwithstanding any other provision of the Offer, and subject to the
terms and conditions of the Merger Agreement, the Purchaser shall not be
obligated to accept for payment any Shares until all authorizations,
consents, orders and approvals of, and declarations and filings with, and
all expirations of waiting periods imposed by, any Governmental Entity
which, if not obtained in connection with the consummation of the
transactions contemplated by the Merger Agreement, is reasonably likely
to have a Material Adverse Effect on the Company or prevents the Company,
Numico or the Purchaser from consummating the transactions contemplated
by the Merger Agreement (collectively, "Required Regulatory Approvals")
shall have been obtained, made or satisfied, including the expiration or
earlier termination of any waiting periods applicable under the HSR Act,
and the Purchaser shall not be required to accept for payment or, subject
to any applicable rules and regulations of the SEC (including Rule
14e-1(c) under the Exchange Act) pay for, and may delay the acceptance
for payment of or payment for, any Shares tendered in the Offer and
(subject to the terms and conditions of the Merger Agreement, including
Section 1.1(b) thereof), may amend, extend or terminate the Offer if,
immediately prior to the

11
<PAGE>

expiration of the Offer (as extended in accordance with the Merger
Agreement) the Minimum Condition shall not have been satisfied or any of
the following shall occur:

(e) Schedule A to the Offer to Purchase. Schedule A to the Offer to
Purchase is hereby amended and restated as follows:

SCHEDULE A
DIRECTORS AND EXECUTIVE OFFICERS OF
NUMICO, THE PURCHASER, NUMICO LP, NUMICO, INC., NUMICO NATIONAAL,
NUTRICIA INTERNATIONAL AND NUMICO HOLDINGS

KONINKLIJKE NUMICO N.V. ("Numico") and
NUTRICIA INTERNATIONAL B.V. ("Nutricia International")

The following table sets forth the name, business address, present principal
occupation or employment and five-year employment history of each of the
directors and executive officers of Koninklijke Numico N.V. and Nutricia
International B.V. Each person has a business address at Rokkeveenseweg 49, 2712
PJ Zoetermeer, P.O. Box 1, 2700 MA Zoetermeer, The Netherlands, and is a citizen
of The Netherlands. Directors are indicated by an asterisk.

Nelly Greta Barendregt*................ Member of the Supervisory Board of Numico and Nutricia International
since July 1981. Mrs. Barendregt is also a member of the Supervisory
Board of Rothmans International

Petrus Adrianus Wilhelmus Roef*........ Member of the Supervisory Board of Numico and Nutricia International
since May 1987. Mr. Roef is also a member of the Supervisory Board of
Hagemeijer N.V., VNU N.V., Gamma Holding N.V., Parcon N.V. and Robeco
N.V.

Ellis Joost Ruitenberg*................ Member of the Supervisory Board of Numico and Nutricia International
since May 1996. Mr. Ruitenberg has also served as the General and
Scientific Manager of Central Blood Transfusion Laboratories of the Red
Cross in Amsterdam for the past five years.

Johan Veldman*......................... Member of the Supervisory Board of Numico and Nutricia International
since May 1989. Mr. Veldman is also Chairman of the Supervisory Board
of Hypotheekbank and the Board of Stichting Administratiekantoor ING
Group, a member of the Supervisory Board of OWM Zorgverzekeraar VGZ ua
and Honorary Counsel of Mexico.

Robert Zwartendijk*.................... Member of the Supervisory Board of Numico and Nutricia International
since May 1994. Mr. Zwartendijk served as a member of the Board of
Managing Directors of Koninklijke Ahold N.V. from 1981 until his
retirement in May 1999.
</TABLE>

12
<PAGE>

<TABLE>
<CAPTION>
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
NAME AND FIVE-YEAR EMPLOYMENT HISTORY
- --------------------------------------- -------------------------------------------------------------------------
<S> <C>
Cornelius Johannes Brakel*............. Member of the Supervisory Board of Numico and Nutricia International
since May 1999. Mr. Brakel was Chairman and Chief Executive Officer of
Wolters Kluwer from 1991 to May 1999. Mr. Brakel also holds the
following positions: Chairman of the Executive Board of Wolters Kluwer
N.V.; Chairman of the Supervisory Board of Kappa Packaging Nederland
B.V., Bols Royal Distilleries and Unique International N.V.; member of
the Supervisory Board of Maxeres N.V. and Kempen & Co. N.V.

Johannes C. T. van der Wielen.......... President and Chief Executive Officer of Numico and Nutricia
International since January 1992 and member of the Board of Managing
Directors of Numico and Nutricia International since January 1989. Mr.
van der Wielen is also a member of the Supervisory Boards of Maxeres
Holding N.V., Gouda Vuurvast Holding N.V. and Benckiser N.V. In
addition, he is a member of "Raad van Bestuur" Telindus B.V., a member
of the Advisory Board of ABN AMRO and Chairman of "Stichting
Continuiteit Wolters Kluwer." Mr. van der Wielen is also the President,
Chief Executive Officer and sole director of Numico Nationaal B.V., and
a director of Nutricia Holdings Ltd.
</TABLE>

13
<PAGE>

NUMICO INVESTMENT CORP. ("Purchaser")

The following table sets forth the name, business address, present
occupation or employment and five-year employment history of the sole director
and executive officer of Numico Investment Corp. The person listed below has a
business address at Rokkeveenseweg 49, 2712 PJ Zoetermeer, P.O. Box 1, 2700 MA
Zoetermeer, The Netherlands and is a citizen of The Netherlands.

14
<PAGE>

NUMICO US, LP ("Numico LP") and NUMICO, INC. ("Numico, Inc.")

The following table sets forth the name, business address, present
occupation or employment and five-year employment history of the sole director
and executive officer of Numico, Inc. Numico, Inc. is the sole general partner
of Numico US, LP. The person listed below has a business address at
Rokkeveenseweg 49, 2712 PJ Zoetermeer, P.O. Box 1, 2700 MA Zoetermeer, The
Netherlands and is a citizen of The Netherlands.

15
<PAGE>

NUMICO NATIONAAL B.V. ("Numico Nationaal")

The following table sets forth the name, business address, present
occupation or employment and five-year employment history of the sole director
and executive officer of Numico Nationaal. Numico Nationaal is the parent of
Numico, Inc. and the sole limited partner of Numico LP. The person listed below
has a business address at Rokkeveenseweg 49, 2712 PJ Zoetermeer, P.O. Box 1,
2700 MA Zoetermeer, The Netherlands and is a citizen of The Netherlands.

<TABLE>
<CAPTION>
PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
NAME AND FIVE-YEAR EMPLOYMENT HISTORY
- -------------------------------------- --------------------------------------------------------------------------
<S> <C>
Johannes C.T. van der Wielen.......... President, Chief Executive Officer and sole director of Numico Nationaal
B.V. since September 1998. Mr. van der Wielen is also the President,
Chief Executive Officer and a member of the Board of Managing Directors
of Koninklijke Numico N.V. and Nutricia International B.V., a member of
the Supervisory Board of Maxeres Holding N.V., Gouda Vuurvast Holding
N.V. and Benckiser N.V., and a member of "Raad van Bestuur" Telindus
B.V., a member of the Advisory Board of ABN AMRO, Chairman of "Stichting
Continuiteit Wolters Kluwer" and a director of Nutricia Holdings Ltd.
</TABLE>

16
<PAGE>

NUTRICIA HOLDINGS LTD. ("Nutricia Holdings")

The following table sets forth the name, business address, present
occupation or employment and five-year employment history and citizenship of
each of the directors of Nutricia Holdings. Nutricia Holdings is a wholly-owned
subsidiary of Nutricia International.

<TABLE>
<CAPTION>
NAME, BUSINESS ADDRESS, PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT
AND CITIZENSHIP AND FIVE-YEAR EMPLOYMENT HISTORY
- -------------------------------------- --------------------------------------------------------------------------
<S> <C>
Johannes C.T. van der Wielen ......... Director of Nutricia Holdings Ltd. since August 1991. Mr. van der Wielen
Rokkeveenseweg 49 is also the President, Chief Executive Officer and a member of the Board
2712 PJ Zoetermeer of Managing Directors of Koninklijke Numico N.V. and Nutricia
P.O. Box 1 International B.V., a member of the Supervisory Board of Maxeres Holding
2700 MA Zoetermeer N.V., Gouda Vuurvast Holding N.V., Benckiser N.V. and a member of "Raad
The Netherlands van Bestuur" Telindus B.V., a member of the Advisory Board of ABN AMRO,
Chairman of "Stichting Continuiteit Wolters Kluwer" and the President,
The Netherlands Chief Executive Officer and sole director of Numico Nationaal B.V.

Peter Roebuck ........................ Director of Nutricia Holdings Ltd. since January 1993. Mr. Roebuck has
Newmarket Avenue also served as a Group Director of Nutricia Northern Europe since 1993.
White Horse Business Park
Trowbridge, England
United Kingdom
</TABLE>

17
<PAGE>
SIGNATURES

After due inquiry and to the best of my knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.

Dated: July 26, 1999

<TABLE>
<S> <C> <C>
KONINKLIJKE NUMICO N.V.

By: /s/ JOHANNES C.T. VAN DER WIELEN
------------------------------------------
Name: Johannes C.T. van der Wielen
Title: President and Chief Executive
Officer

NUMICO INVESTMENT CORP.

By: /s/ JULITTE VAN DER VEN
------------------------------------------
Name: Julitte van der Ven
Title: President

NUMICO US, LP

By: Numico, Inc., its general partner

By: /s/ JULITTE VAN DER VEN
------------------------------------------
Name: Julitte van der Ven
Title: President

NUMICO, INC.

By: /s/ JULITTE VAN DER VEN
------------------------------------------
Name: Julitte van der Ven
Title: President

NUMICO NATIONAAL B.V.

By: /s/ JOHANNES C.T. VAN DER WIELEN
------------------------------------------
Name: Johannes C.T. van der Wielen
Title: President and Chief Executive
Officer
</TABLE>

<PAGE>

<TABLE>
<S> <C> <C>
NUTRICIA HOLDINGS LTD.

By: /s/ JOHANNES C.T. VAN DER WIELEN
------------------------------------------
Name: Johannes C.T. van der Wielen
Title: Director

NUTRICIA INTERNATIONAL B.V.

By: /s/ JOHANNES C.T. VAN DER WIELEN
------------------------------------------
Name: Johannes C.T. van der Wielen
Title: President and Chief Executive
Officer
</TABLE>

<PAGE>
EXHIBIT INDEX

<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
- ------------ -----------------------------------------------------------------------------------------------------
<S> <C>
(a)(1) Offer to Purchase, dated July 9, 1999.*

(a)(2) Form of Letter of Transmittal with respect to the Shares.*

(a)(3) Notice of Guaranteed Delivery.*

(a)(4) Form of letter, dated July 9, 1999, to brokers, dealers, commercial banks, trust companies and other
nominees.*

(a)(5) Form of letter to clients to be used by brokers, dealers, commercial banks, trust companies and other
nominees.*

(a)(6) Press release, dated July 5, 1999.*

(a)(7) Form of newspaper advertisement, dated July 9, 1999.*

(a)(8) IRS Guidelines to Substitute Form W-9.*

(a)(9) Press release, dated July 9, 1999.*

(b)(1) Commitment Letter, dated July 3, 1999, by and among ABN AMRO Bank N.V., J.P. Morgan Securities Ltd.
and Numico.*

(c)(1) Agreement and Plan of Merger, dated as of July 5, 1999, by and among the Company, Numico and the
Purchaser.*

(c)(2) Tender Agreement, dated as of July 5, 1999, by and among the Purchaser, Numico and certain
stockholders of the Company.*

(c)(3)(i) Employment Agreement, dated July 5, 1999, by and among Numico, the Company and William E. Watts.*

(c)(3)(ii) Employment Agreement, dated July 5, 1999, by and among Numico, the Company and Gregory T. Horn.*

(c)(3)(iii) Employment Agreement, dated July 5, 1999, by and among Numico, the Company and Mike K. Meyers.*

(c)(3)(iv) Employment Agreement, dated July 5, 1999, by and among Numico, the Company and Donald G. Smith.*

(c)(3)(v) Employment Agreement, dated July 5, 1999, by and among Numico, the Company and David R. Heilman.*

(c)(3)(vi) Employment Agreement, dated July 5, 1999, by and among Numico, the Purchaser and Michael Locke.*

(c)(3)(vii) Employment Agreement, dated July 5, 1999, by and among Numico, the Purchaser and Reginald N. Steele.*

(c)(3)(viii) Employment Agreement, dated July 5, 1999, by and among Numico, the Company and John A. DiCecco.*

(c)(3)(ix) Employment Agreement, dated July 5, 1999, by and among Numico, the Company and Edwin J. Kozlowski.*

(c)(3)(x) Employment Agreement, dated July 5, 1999, by and among Numico, the Company and Russell L. Cooper.*

(c)(4) Non-Competition and Non-Solicitation Agreement, dated July 5, 1999, by and among Numico, the Company
and Gregory T. Horn.*

(c)(5)(i) Confidentiality Agreement, dated May 26, 1999, by and between Numico and the Company.*
</TABLE>

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

*Previously filed.

<PAGE>

(c)(6) Benefits Letter, dated July 5, 1999, by and between the Company and Numico.*

(d) None.

(e) Not Applicable.

(f) None.
</TABLE>

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

*Previously filed.