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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14D-1/A
TENDER OFFER STATEMENT PURSUANT TO SECTION 14(D)(1) OF THE
SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 9)
and
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)
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ELITE INFORMATION GROUP, INC.
(Name of Subject Company [Issuer])
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EIG ACQUISITION CORP.,
an indirect wholly-owned subsidiary of
SOLUTION 6 HOLDINGS LIMITED
(Bidders)
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Common Stock, $.01 Par Value Per Share
(Title of Class of Securities)
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28659M
(CUSIP Number of Class of Securities)
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Copy To:
EIG Acquisition Corp. Richard F. Dahlson, Esquire
Town Hall House Jackson Walker L.L.P.
Level 21, 456 Kent Street 901 Main Street, Suite 6000
Sydney, New South Wales Dallas, Texas 75202-3797
Australia 2000 Telephone: (214) 953-6000
Telecopier No.: 011-612-9278-0702 Telecopier No.: (214) 953-5722
(Name, Address and Telephone Numbers of Person Authorized
to Receive Notices and Communications on Behalf of Bidder)
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CUSIP No. 111433108 14D-1/A & 13D/A Page 2 of 8 Pages
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1 Name of Reporting Person; IRS Identification Number
Solution 6 Holdings Limited ("Solution 6")
Tax I.D. Number: Not Applicable
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2 Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [ ]
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3 SEC Use Only
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4 Source of Funds (See Instructions)
Other (00)
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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
New South Wales, Australia
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Number of 7 Sole Voting Power
Shares 147,200
Beneficially ---------------------------------------------------
Owned by 8 Shared Voting Power
Each None.
Reporting ---------------------------------------------------
Person 9 Sole Dispositive Power
With 147,200
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10 Shared Dispositive Power
None.
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
147,200
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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)
1.57%
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14 Type of Reporting Person
Corporation (CO)
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CUSIP No. 111433108 14D-1/A & 13D/A Page 3 of 8 Pages
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1 Name of Reporting Person; IRS Identification Number
EIG Acquisition Corp.;
Tax I.D. Number: 75-2850905
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2 Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [ ]
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3 SEC Use Only
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4 Source of Funds (See Instructions)
Other (00)
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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 7 Sole Voting Power
Shares None.
Beneficially ---------------------------------------------------
Owned by 8 Shared Voting Power
Each None.
Reporting ---------------------------------------------------
Person 9 Sole Dispositive Power
With None.
---------------------------------------------------
10 Shared Dispositive Power
None.
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
None.
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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)
N/A
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14 Type of Reporting Person
Corporation (CO)
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EIG Acquisition Corp., a Delaware corporation (the "Purchaser") and an indirect
wholly-owned subsidiary of Solution 6 Holdings Limited, a New South Wales,
Australia corporation (the "Parent"), and Parent hereby amend and supplement
their Tender Offer Statement on Schedule 14D-1 originally filed on December 21,
1999 and their Schedule 13D originally filed on December 23, 1999 (collectively,
and as subsequently amended, the "Statement") with respect to an offer (the
"Offer") to purchase by the Purchaser all of the issued and outstanding shares
of the common stock, par value $.01 per share, of Elite Information Group, Inc.,
a Delaware corporation (the "Company"), on the terms and subject to the
conditions set forth in the Offer to Purchase, dated December 21, 1999.
Capitalized terms not defined herein have the meanings assigned thereto in the
Statement.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 of the Schedule 13D/A is hereby amended by restating the entirety of
Item 5 by reference as follows.
"See the cover pages to the Schedule 13D/A (Amendment No. 2) as amended
hereby for reference to the information to be included in Item 5. The
reporting persons ceased to beneficial owners of more than 5% of the class
securities on May 10, 2000."
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ITEM 10. ADDITIONAL INFORMATION.
Item 10(f) of the Schedule 14D-1 is hereby amended and supplemented by
adding the following text thereto:
On May 10, 2000, Parent and the Company issued a press release, a copy
of which is attached hereto as Exhibit (a)(16) and is incorporated by
reference. This press release announced the termination of the Offering by
its terms as well as the termination of the Merger Agreement by the
Company's board of directors. The Offer terminated without acceptance of
any shares by the Purchaser.
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ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
Item 11 is hereby amended and supplemented to add a new Exhibit as
follows:
(a)(16) Press Release issued by the Company on May 10, 2000.
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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: May 17, 2000
EIG ACQUISITION CORP.,
a Delaware corporation
By: /s/ Thomas A. Montgomery
-------------------------------------
Name: Thomas A. Montgomery
---------------------------------
Title: Vice President, Treasurer and
Secretary
---------------------------------
SOLUTION 6 HOLDINGS LIMITED,
a New South Wales, Australia corporation
By: /s/ Thomas A. Montgomery
-------------------------------------
Name: Thomas A. Montgomery
---------------------------------
Title: Chief Financial Officer
---------------------------------
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INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
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<S> <C>
(a) (16) Press Release issued by the Company on May 10, 2000.
</TABLE>
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EX-99 (A)(16)
Press Release issued by the Company on May 10, 2000.
ELITE INFORMATION GROUP ANNOUNCES
FTC RESPONSE TO HART-SCOTT-RODINO FILING
AND
FILING OF CLASS ACTION LAWSUIT
SOLUTION 6 HOLDINGS AND ELITE INFORMATION GROUP INC. CALL OFF MERGER
LOS ANGELES -- (BUSINESS WIRE) -- May 10, 2000 -- Elite Information Group, Inc.
(Nasdaq:ELTE) and Solution 6 Holdings Limited (ASX:SOH) today jointly announced
that the tender offer by Solution 6 for Elite's common stock expired at 5:00
p.m. ET today and that Elite has exercised its right to terminate the pending
merger agreement.
As previously announced, the FTC's Bureau of Competition has advised the
parties that it will recommend that the Commission challenge the transaction if
the parties continue to pursue the merger. Although the parties disagree with
the FTC's conclusions, they have decided not to prolong discussions further
with the FTC in light of the Commission's continuing opposition to the
transaction.
Chris Poole, CEO of Elite commented, "It has been almost six months since we
announced the merger. We regret that the FTC has taken this position, but it is
time to remove the distraction of the FTC review and focus all of our attention
on pursuing our business plan and focus on our customers."
Chris Tyler, CEO of Solution 6 added, "We are disappointed with the FTC's
position and regret that the two companies were not able to join forces to
bring continuing innovation to the professional services market."
Solution 6 Holdings Limited also announced that it has been informed by
Citibank, N.A., the depositary for the tender offer, that as of 5:00 p.m. on
Wednesday, May 10, 2000, 5,483,653 shares of common stock had been tendered and
not withdrawn pursuant to the tender offer. The shares so deposited on behalf
of Elite's stockholders will be promptly returned.
