SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Transportacion Maritima Mexicana SA de CV
(Name of Issuer)
ADRs
(Title of Class of Securities)
893868208
(CUSIP Number)
Arthur Goetchius
300 Park Avenue, 21st Fl., New York, NY 10022 (212) 755-9395
(Name, address and telephone number of person
authorized to receive notices and communications)
October 1, 1997
(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this Schedule 13D, and
is filing this schedule because of Rule 13d-1(b)(3) or (4), check the
following box [ ].
Check the following box if a fee is being paid with the statement
[ ]. (A fee is not required only if the reporting person: (1) has a
previous statement on file reporting beneficial ownership of more than five
percent of the class of securities described in Item 1; and (2) has filed no
amendment subsequent thereto reporting beneficial ownership of five percent or
less of such class.) (See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) for other parties to
whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for purposes of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
PAGE 1 OF 21 PAGES
<PAGE>
13D
CUSIP No. 893868208
______________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
EGS Associates, L.P.
______________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
WC
_____________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
156,815
OWNED BY ___________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
156,815
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
156,815
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11) 1.10%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 2 OF 21 PAGES
<PAGE>
13D
CUSIP No. 893868208
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
EGS Partners, L.L.C.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
_____________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
521,065
OWNED BY ___________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
525,950
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
525,950
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
3.70%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IA
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 3 OF 21 PAGES
<PAGE>
13D
CUSIP No. 893868208
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Bev Partners, L.P.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
WC
_____________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
98,535
OWNED BY ___________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
98,535
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
98,535
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
69%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 4 OF 21 PAGES
<PAGE>
13D
CUSIP No. 893868208
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Jonas Partners, L.P.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
WC
_____________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
15,000
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
15,000
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
15,000
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
.11%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 5 OF 21 PAGES
<PAGE>
13D
CUSIP No. 893868208
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
William Ehrman
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
791,415
OWNED BY ___________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
796,300
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
796,300
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
5.61%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 6 OF 21 PAGES
<PAGE>
13D
CUSIP No. 893868208
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Frederic Greenberg
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
791,415
OWNED BY ___________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
796,300
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
796,300
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
5.61%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 7 OF 21 PAGES
<PAGE>
13D
CUSIP No. 893868208
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Frederick Ketcher
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
791,415
OWNED BY ___________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
796,300
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
796,300
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
5.61%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 8 OF 21 PAGES
<PAGE>
13D
CUSIP No. 893868208
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Jonas Gerstl
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
791,415
OWNED BY ___________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
796,300
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
796,300
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
5.61%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 9 OF 21 PAGES
<PAGE>
13D
CUSIP No. 893868208
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
James McLaren
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
791,415
OWNED BY ___________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
796,300
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
796,300
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
5.61%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 10 OF 21 PAGES
<PAGE>
13D
CUSIP No. 893868208
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
William Lautman
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
791,415
OWNED BY ___________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
796,300
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
796,300
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
5.61%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 11 OF 21 PAGES
<PAGE>
ITEM 1. SECURITY AND ISSUER.
- -----------------------------
This statement relates to the American Depository Receipts, (the
"ADRs"), issued by Transportacion Maritima Mexicana SA de CV, a Mexican
corporation (the "Company"), whose principal executive offices are Avda. De la
Cuspide, no 4755, Colonia Parques de Pedregal, Mexico, DF, CP 14010. One ADR
represents one Series "L" share of Common Stock (the "Shares").
ITEM 2. IDENTITY AND BACKGROUND.
- ----------------------------------
(a) This statement is filed by (i) EGS Associates, L.P., a
Delaware limited partnership ("EGS Associates"), with respect to Shares
beneficially owned by it, (ii) EGS Partners, L.L.C., a Delaware limited
liability company ("EGS Partners"), with respect to Shares beneficially owned
by discretionary accounts managed by EGS Partners, (iii) Bev Partners, L.P., a
Delaware limited partnership ("Bev Partners"), with respect to Shares
beneficially owned by it, (iv) Jonas Partners, L.P., a Delaware limited
partnership ("Jonas Partners"), with respect to Shares beneficially owned by
it, (v) William Ehrman, with respect to Shares beneficially owned by EGS
Associates, EGS Partners, Bev Partners, and Jonas Partners; (vi) Frederic
Greenberg, with respect to Shares beneficially owned by EGS Associates, EGS
Partners, Bev Partners, and Jonas Partners; (vii) Frederick Ketcher, with
respect to Shares beneficially owned by EGS Associates, EGS Partners, Bev
Partners, and Jonas Partners; (viii) Jonas Gerstl, with respect to Shares
beneficially owned by EGS Associates, EGS Partners, Bev Partners, and Jonas
Partners; (ix) James McLaren, with respect to Shares beneficially owned by
EGS Associates, EGS Partners, Bev Partners, and Jonas Partners, and (x)
William Lautman, with respect to Shares beneficially owned by EGS Associates,
EGS Partners, Bev Partners, and Jonas Partners. The foregoing persons
hereinafter sometimes are referred to collectively as the "Reporting Persons".
Any disclosures herein with respect to persons other than the Reporting
Persons are made on information and belief after making inquiry to the
appropriate party.
The general partners of EGS Associates, EGS Partners, Bev Partners, and Jonas
Partners are William Ehrman, Frederic Greenberg, Frederick Ketcher, Jonas
Gerstl, James McLaren and William Lautman (collectively, the "General
Partners").
(b) The address of the principal business and principal office
of (i) EGS Associates, EGS Partners, Bev Partners, and Jonas Partners and each
of the General Partners is 300 Park Avenue, 21st Floor, New York, New York
10022.
(c) The principal business of each of EGS Associates, Bev
Partners, and Jonas Partners is that of a private investment firm, engaging in
the purchase and sale of securities for investment for its own account. The
principal business of EGS Partners is that of a private investment firm and a
registered investment adviser under the Investment Advisers Act of 1940, as
amended, engaging in the purchase and sale of securities for investment on
behalf of discretionary accounts. The present principal occupations of the
General Partners are as general partners/members of EGS Associates, EGS
Partners, Bev Partners, Jonas Partners and other private investment
partnerships.
PAGE 12 OF 21 PAGES
<PAGE>
(d) None of the persons referred to in paragraph (a) above has,
during the last five years, been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
(e) None of the persons referred to in paragraph (a) above has,
during the last five years, been a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction and as a result of such
proceeding was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to,
Federal or state securities laws or finding any violation with respect to such
laws.
(f) Each of the individuals referred to in paragraph (a) above
is a United States citizen. EGS Associates, Bev Partners, and Jonas Partners
are Delaware limited partnerships. EGS Partners is a Delaware limited
liability company.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
- ------------------------------------------------------------
The net investment cost (including commissions, if any) of the ADRs
beneficially owned by EGS Associates, EGS Partners, Bev Partners, and Jonas
Partners is approximately $1,082,177, $3,895,645, $703,733, and $107,400,
respectively.
Messrs. Ehrman, Greenberg, Ketcher, Gerstl, McLaren and Lautman
currently own no Shares or ADRs.
The ADRs purchased by each of EGS Associates, Bev Partners, and
Jonas Partners were purchased with the investment capital of the respective
entities and with investment capital of each discretionary account under
management of EGS Partners.
The ADRs beneficially owned by EGS Associates, EGS Partners, Bev
Partners, and Jonas Partners are held in their respective commingled margin
accounts, or in the case of EGS Partners, in margin and non-margin accounts
held by each discretionary account under its management. Such margin accounts
are maintained at NationsBanc Montgomery Securities, Inc. and may from time to
time have debit balances. Since other securities are held in such margin
accounts, it is not possible to determine the amounts, if any, of margin used
with respect to the ADRs purchased. Non-margin accounts are maintained at
Bankers Trust Company. Currently, the interest rate charged on such various
margin accounts is approximately 8.5% per annum.
ITEM 4. PURPOSE OF THE TRANSACTION.
- -------------------------------------
The purpose of the acquisition of the ADRs by the Reporting Persons
was for investment. The Reporting Persons each may in the future dispose of
any and all of the ADRs held by it or him at any time, or acquire other
shares.
None of the Reporting Persons has any plans or proposals which
relate to, or could result in, any of the matters referred to in paragraphs
(b) through (j), inclusive, of Item 4 of Schedule 13D. Such entities and
persons may, at any time and from time to time, review or reconsider their
position with respect to the Company, and formulate plans or proposals with
respect to any of such matters, but have no present intention of doing so.
PAGE 13 OF 21 PAGES
<PAGE>
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
- -----------------------------------------------
(a) The approximate aggregate percentage of shares of ADRs
reported beneficially owned by each person herein is based on 14,198,884
shares outstanding, which is the total number of Shares outstanding as of
December 31, 1996, as reflected in the Company's Form 20-F filed with the
Securities and Exchange Commission for the period ended December 31, 1996
(which is the most recent Form 20-F on file).
As of the close of business on October 7, 1997:
(i) EGS Associates owns beneficially 156,815 Shares,
constituting approximately 1.10% of the Shares outstanding.
(ii) EGS Partners owns directly no Shares. By reason of the
provisions of Rule 13D-3 of the Securities Exchange Act of 1934, as amended
(the "Act"), EGS Partners may be deemed to own beneficially 525,950 Shares,
constituting approximately 3.70% of the Shares outstanding, purchased for
discretionary accounts managed by it.
(iii) Bev Partners owns beneficially 98,535 Shares, constituting
less than 1% of the Shares outstanding.
(iv) Jonas Partners owns 15,000 Shares, constituting less than 1%
of the Shares outstanding.
(v) Messrs. Ehrman, Greenberg, Gerstl, Ketcher, McLaren and
Lautman own directly no Shares
The Reporting Partners' ownership reported herein is through
ownership of related ADRs.
By reason of the provisions of Rule 13D-3 of the Act, each of the
General Partners may be deemed to own the 156,815 shares beneficially owned by
EGS Associates, the 525,950 shares beneficially owned by EGS Partners, the
98,535 shares beneficially owned by Bev Partners, and the 15,000 shares
beneficially owned by Jonas Partners. When the shares beneficially owned by
EGS Associates, EGS Partners, Bev Partners, and Jonas Partners are
aggregated, they total 796,300 Shares, constituting approximately 5.61% of the
Shares outstanding.
(vi) In the aggregate, the Reporting Persons beneficially own a
total of 796,300 Shares, constituting approximately 5.61% of the Shares
outstanding.
(b) (i) Each of EGS Associates, EGS Partners (with respect to
shares held by discretionary accounts), Bev Partners, and Jonas Partners has
the power to vote and to dispose of the Shares beneficially owned by it, which
power may be exercised by the General Partners. Each of the discretionary
accounts is a party to an investment management agreement with EGS Partners
pursuant to which EGS Partners has investment authority with respect to
securities held in such account.
(c) The trading dates, number of ADRs purchased or sold and
price per share for all transactions in the ADRs from the 60th day prior to
October 1, 1997 until October 7, 1997 by EGS Associates, EGS Partners, and Bev
Partners are set forth in Schedules A, B, and C, respectively, and were all
effected on the New York Stock Exchange. During such period, Messrs. Ehrman,
Greenberg, Ketcher, Gerstl, McLaren and Lautman did not enter into any
transactions in the ADRs.
PAGE 14 OF 21 PAGES
<PAGE>
(d) No person other than each respective record owner of ADRs
referred to herein is known to have the right to receive or the power to
direct the receipt of dividends from or the proceeds of sale of such ADRs.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
- ------------------------------------------------------------------------------
There are no contracts, arrangements, understandings or
relationships (legal or otherwise) among the persons named in Item 2 hereof or
between such persons and any other person with respect to any securities of
the Company including but not limited to transfer or voting of any other
securities, finder's fees, joint ventures, loan or option arrangements, puts
or calls, guarantees of profits, divisions of profits or losses, or the giving
or withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
- -------------------------------------------
1. There is filed herewith as Exhibit 1 a written agreement
relating to the filing of joint acquisition statements as required by Rule
13D-1(f)(1) of the Act.
PAGE 15 OF 21 PAGES
<PAGE>
EXHIBIT 1
JOINT ACQUISITION STATEMENT
PURSUANT TO RULE 13D-1(f) 1
The undersigned acknowledge and agree that the foregoing statement on Schedule
13D, as amended, is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13D, as amended, shall be
filed on behalf of each of the undersigned without the necessity of filing
additional joint acquisition statements. The undersigned acknowledge that
each shall be responsible for the timely filing of such amendments, and for
the completeness and accuracy of the information concerning him or it
contained therein, but shall not be responsible for the completeness and
accuracy of the information concerning the other, except to the extent that he
or it knows or has reason to believe that such information is inaccurate.
DATED: October 9, 1997 /s/ William Ehrman
William Ehrman, individually and as
general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.,
JONAS PARTNERS, L.P., and as member
EGS PARTNERS, L.L.C.
/s/ William Ehrman
William Ehrman, as Attorney-in-Fact for
Frederic Greenberg, individually and as
general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.,
JONAS PARTNERS, L.P., and as member
EGS PARTNERS, L.L.C.
/s/ William Ehrman
William Ehrman, as Attorney-in-Fact for
Frederick Ketcher, individually and as
general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.,
JONAS PARTNERS, L.P., and as member
EGS PARTNERS, L.L.C.
PAGE 16 OF 21 PAGES
<PAGE>
/s/ Jonas Gerstl
Jonas Gerstl, individually and as general
partner of each of EGS ASSOCIATES, L.P.,
BEV PARTNERS, L.P., JONAS PARTNERS, L.P.,
and as member EGS PARTNERS, L.L.C.
/s/ James McLaren
James McLaren, individually and as general
partner of each of EGS ASSOCIATES, L.P.,
BEV PARTNERS, L.P., JONAS PARTNERS, L.P.,
and as member EGS PARTNERS, L.L.C.
/s/ William Lautman
William Lautman, individually and as
general partner of each of
EGS ASSOCIATES L.P., BEV PARTNERS, L.P.,
JONAS PARTNERS, L.P., and as member of EGS
PARTNERS, L.L.C.
PAGE 17 OF 21 PAGES
<PAGE>
SIGNATURES
----------
After reasonable inquiry and to the best of our knowledge and
belief, the undersigned certify that the information set forth in this
statement is true, complete and correct.
DATED: October 9, 1997
/s/ William Ehrman
William Ehrman, individually and as
general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.,
JONAS PARTNERS, L.P., and as member
EGS PARTNERS, L.L.C.
/s/ William Ehrman
William Ehrman, as Attorney-in-Fact for
Frederic Greenberg, individually and as
general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.,
JONAS PARTNERS, L.P., and as member
EGS PARTNERS, L.L.C.
/s/ William Ehrman
William Ehrman, as Attorney-in-Fact for
Frederick Ketcher, individually and as
general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.,
JONAS PARTNERS, L.P., and as member
EGS PARTNERS, L.L.C.
/s/ Jonas Gerstl
Jonas Gerstl, individually and as general
partner of each of EGS ASSOCIATES, L.P.,
BEV PARTNERS, L.P., JONAS PARTNERS, L.P.,
and as member EGS PARTNERS, L.L.C.
/s/ James McLaren
James McLaren, individually and as
general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.,
JONAS PARTNERS, L.P., and as member
EGS PARTNERS, L.L.C.
/s/ William Lautman
William Lautman, individually and as
general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.,
JONAS PARTNERS, L.P., and as member
EGS PARTNERS, L.L.C.
PAGE 18 OF 21 PAGES
<PAGE>
Schedule A
----------
EGS Associates, L.P.
--------------------
Transactions in the ADRs
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
- ------------------------------------------------------------------------------
8/28/97 12,700 $7.19
9/26/97 7,470 $7.69
10/1/97 17,300 $8.18
PAGE 19 OF 21 PAGES
<PAGE>
Schedule B
----------
EGS Partners, L.P.
------------------
Transactions in the ADRs
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
- ------------------------------------------------------------------------------
8/8/97 12,700 $7.56
8/11/97 7,300 $7.56
8/26/97 3,100 $7.50
8/27/97 1,000 $1.25
8/27/97 25,000 $7.31
8/28/97 6,440 $7.19
9/24/97 10,000 $7.57
9/26/97 19,320 $7.69
10/1/97 50,000 $8.09
10/1/97 250 $8.18
10/1/97 25,000 $8.05
10/2/97 15,000 $8.06
10/2/97 10,000 $8.06
10/3/97 25,000 $8.42
PAGE 20 OF 21 PAGES
<PAGE>
Schedule C
----------
Bev Partners, L.P.
------------------
Transactions in the ADRs
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
- ------------------------------------------------------------------------------
8/28/97 1,070 $7.19
9/25/97 30,000 $7.56
9/26/97 3,210 $7.69
10/1/97 7,450 $8.18
PAGE 21 OF 21 PAGES
<PAGE>
(..continued)
