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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
SCHEDULE 13E-4
ISSUER TENDER OFFER STATEMENT
(AMENDMENT NO. 2 - Final Amendment)
(PURSUANT TO SECTION 13(E)(1) OF THE SECURITIES EXCHANGE ACT OF 1934)
UGI CORPORATION
(NAME OF ISSUER AND PERSON FILING STATEMENT)
Common Stock, no par value
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(TITLE OF CLASS OF SECURITIES)
902681105
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(CUSIP NUMBER OF CLASS OF SECURITIES)
Brendan P. Bovaird, Esq.
Vice President, General Counsel and Secretary
UGI Corporation
460 North Gulph Road
King of Prussia, Pennsylvania 19406
Telephone: (610) 337-1000
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(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON
AUTHORIZED TO RECEIVE NOTICES AND
COMMUNICATIONS ON BEHALF OF THE PERSON FILING
STATEMENT)
Copies to:
Stephen M. Besen, Esq.
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, New York 10153
(212) 310-8000
September 7, 1999
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(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)
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TENDER OFFER
This Amendment No. 2 (Final Amendment) amends and supplements the
Issuer Tender Offer Statement on Schedule 13E-4 filed on August 2, 1999 (the
"Issuer Tender Offer Statement") by UGI Corporation, a Pennsylvania corporation
(the "Company"), which relates to the offer of the Company to purchase up to
4,500,000 shares of its common stock, no par value (the "Common Stock"),
including the associated rights to purchase shares of Series A Junior
Participating Preference Stock pursuant to the Rights Agreement, dated as of
April 29, 1986, between the Company and Mellon Bank, N.A., successor to Mellon
Bank (East) N.A., as Rights Agent, as amended (collectively with the Common
Stock, the "Shares"), at a price specified by its shareholders, not greater than
$26.00 nor less than $23.00 per Share, net in cash, on the terms and subject to
the conditions set forth in the Offer to Purchase dated August 2, 1999 (the
"Offer to Purchase"), and related Letter of Transmittal (collectively with the
Offer to Purchase, the "Offer"), copies of which have been previously filed with
the Securities and Exchange Commission as Exhibits (a)(1) and (a)(2),
respectively, to the Issuer Tender Offer Statement.
ITEM 1. SECURITY AND ISSUER.
(b) The Offer expired at 12:00 midnight, New York City time, on
Friday, August 27, 1999. Based on information provided in the final report from
ChaseMellon Shareholder Services, L.L.C. (the "Depositary"), the Depositary for
the Offer, approximately 4.6 million Shares were tendered and not withdrawn at a
price of $24.25 per Share or lower. Accordingly, the proration factor in the
Offer will be 97.2% after giving effect to the Shares tendered in the form of
guaranteed deliveries. The Company has accepted for payment and has instructed
the Depositary to promptly pay for approximately 4.5 million Shares on a pro
rata basis, at a price equal to $24.25 per share, net in cash, in accordance
with the terms and subject to the conditions set forth in the Offer. On
September 7, 1999 the Company issued a press release, the text of which is set
forth as Exhibit (a)(11) hereto and is incorporated by reference herein.
ITEM 4. INTEREST IN SECURITIES OF THE ISSUER.
The information contained in Item 1 to this Issuer Tender Offer
Statement is incorporated herein by reference.
ITEM 9. MATERIAL TO BE FILED AS EXHIBITS.
(a)(11) Text of Press Release, dated September 7, 1999, by the
Company.
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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.
UGI CORPORATION
By: /s/ Anthony J. Mendicino
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Name: Anthony J. Mendicino
Title: Vice President-Finance and
Chief Financial Officer
Dated: September 7, 1999
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EXHIBIT INDEX
EXHIBIT DESCRIPTION PAGE
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(a)(11) Text of Press Release, dated September 7, 1999, by the Company
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Exhibit (a)(11)
UGI ANNOUNCES FINAL RESULTS OF SELF-TENDER
FOR 4.5 MILLION SHARES OF COMMON STOCK
VALLEY FORGE, PA., September 7, 1999 - UGI Corporation (NYSE:UGI) announced
today that, in accordance with the final results of its Dutch auction
self-tender offer which expired August 27, the Company will purchase 4.5 million
shares validly tendered at a price of $24.25 or less. The final proration factor
for the tender offer is 97.2%. All holders of fewer than 100 shares who validly
tendered at a price of $24.25 per share or less will not be subject to
proration. The Company announced preliminary results of the offer on August 30.
The final count by the depositary for the offer indicated that approximately 4.6
million shares were tendered and not withdrawn at prices of $24.25 per share or
lower. UGI expects that the depositary will issue payment for the shares
accepted under the offer and return all shares tendered in excess of the
purchase price and shares not accepted because of proration on September 8. The
share purchase represents about 14% of the approximately 31.7 million shares
outstanding immediately prior to the offer.
Headquartered in Valley Forge, Pennsylvania, UGI is a holding company with
propane marketing, utility and energy marketing subsidiaries. Through
subsidiaries, UGI owns 58% of AmeriGas Partners, L.P., the nation's largest
retail propane marketer.
Comprehensive information about UGI is available on the World Wide Web at
HTTP://WWW.UGICORP.COM.
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