SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
SCHEDULE 13D*
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)*
Transportacion Maritima Mexicana SA de CV
(Name of Issuer)
American Depository Receipts
(Title of Class of Securities)
893868208
(CUSIP Number)
Julia Oliver
350 Park Avenue, 11th Fl., New York, NY 10022 (212) 755-9000
(Name, address and telephone number of person
authorized to receive notices and communications)
October 16, 1998
(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 [ ].
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.
(Continued on following pages)
________________
*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).
CUSIP No. 893868208 13D Page 2 of 28 Pages
________________________________________________________________________
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
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
861,121
OWNED BY _________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING _________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
861,121
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
861,121
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
6.0%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 893868208 13D Page 3 of 28 Pages
________________________________________________________________________
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
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
2,540,840
OWNED BY
________________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING
________________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
2,551,857
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
2,551,857
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
17.9%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IA
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 893868208 13D Page 4 of 28 Pages
________________________________________________________________________
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
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
376,322
OWNED BY
________________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING
________________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
376,322
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
376,322
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
.1%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 893868208 13D Page 5 of 28 Pages
________________________________________________________________________
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
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
New York
________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES
________________________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
61,200
OWNED BY
________________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING
________________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
61,200
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
61,200
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
0.1%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 893868208 13D Page 6 of 28 Pages
________________________________________________________________________
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
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
3,839,483
OWNED BY
________________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING
________________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
3,850,500
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
3,850,500
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
27.0%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 893868208 13D Page 7 of 28 Pages
________________________________________________________________________
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
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
3,839,483
OWNED BY
________________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING
________________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
3,850,500
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
3,850,500
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
27.0%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 893868208 13D Page 8 of 28 Pages
________________________________________________________________________
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
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
5000
SHARES
________________________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
3,839,483
OWNED BY
________________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
5000
REPORTING
________________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
3,850,500
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
3,855,500
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
27.1%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 893868208 13D Page 9 of 28 Pages
________________________________________________________________________
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
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
3,839,483
OWNED BY
________________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING
________________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
3,850,500
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
3,850,500
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
27.0%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 893868208 13D Page 10 of 28 Pages
________________________________________________________________________
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
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
3,839,483
OWNED BY
________________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING
________________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
3,850,500
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
3,850,500
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
27.0%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 893868208 13D Page 11 of 28 Pages
________________________________________________________________________
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
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
3,839,483
OWNED BY
________________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING
________________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
3,850,500
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
3,850,500
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
27.0%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 893868208 13D Page 12 of 28 Pages
________________________________________________________________________
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
EGS Management, 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 **
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
1,298,643
OWNED BY
________________________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING
________________________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,298,643
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,298,643
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
9.1%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
OO
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 893868208 13D Page 13 of 28 Pages
Item 1.
This Schedule 13D relates to the American Depository Receipts (the
"ADRs") (each ADR representing one Series "L" share of common stock)
(the "Shares")issued by Transportacion Maritima Mexicana SA de CV (the
"Company"), whose principal executive office is located at Avenida de la
Cuspide, No. 1755, Colonia Parques del Pedregal, 14010 Mexico, D.F.
* * * * *
Item 2. Identity and Background.
Item 2 is hereby restated as follows:
(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
EGS Overseas Fund Limited, a British Virgin Islands corporation ("EGS
Overseas"), as well as Shares held in other 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.
(xi) EGS Management, L.L.C. ("EGS Management") with respect
to shares beneficially owned by EGS Associates, 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 members of EGS Partners and EGS Management, which serves as the
general partner of EGS Associates, Bev Partners, and Jonas Partners, are
William Ehrman, Frederic Greenberg, Frederick Ketcher, Jonas Gerstl,
James McLaren and William Lautman (collectively, the "Managing
Members").
CUSIP No. 893868208 13D Page 14 of 28 Pages
(b) The address of the principal business and principal office
of (i) EGS Associates, EGS Partners, EGS Management, BEV Partners, Jonas
Partners, EGS Management and each of the Managing Members is 350 Park
Avenue, 11th Floor, New York, New York 10022 and (ii) EGS Overseas is
c/o CITCO Fund Services (Curacao) N.V., Kaya Flamboyan 9, Curacao,
Netherlands Antilles.
(c) The principal business of each of EGS Associates, EGS
Overseas, 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 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 including EGS
Overseas. The present principal occupations of the Managing Members are
as the members of EGS Management, as members of EGS Partners, and as
Managing Directors of EGS Securities Corp.
(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 and BEV Partners are
Delaware limited partnerships. Jonas Partners is a New York limited
partnership. EGS Partners and EGS Management are Delaware limited
liability companies. EGS Overseas is a British Virgin Islands
corporation.
Item 3. Source and Amount of Funds and Other Consideration.
Item 3 is hereby amended and restated as follows:
The net investment cost (including commissions, if any) of the ADRs
beneficially owned by EGS Associates, EGS Partners, (exclusive of ADRs
beneficially owned by EGS Overseas), EGS Overseas, Bev Partners, Jonas
Partners and EGS Management is approximately $5,588,675, $15,846,475,
$12,705, $2,367,065, $313,956, and $8,269,696 respectively.
Messrs. Ehrman, Greenberg, Gerstl, McLaren and Lautman currently
own no Shares or ADRs.
The ADRs purchased were purchased with the investment capital of
the respective entities and with investment capital of each
discretionary account under management of EGS Partners.
CUSIP No. 893868208 13D Page 15 of 28 Pages
The ADRs beneficially owned by EGS Associates, EGS Partners,
(excluding EGS Overseas), EGS Overseas, 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, L.L.C. 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
8.25% per annum.
* * * * *
Item 5. Interest in Securities of the Issuer.
Item 5 is hereby amended and restated as follows:
(a) The approximate aggregate percentage of shares of ADRs
reported beneficially owned by each person herein is based on 14,241,000
Shares outstanding, which is the total number of Shares outstanding as
of December 31, 1998.
As of the close of business on June 4, 1999:
(i) EGS Associates owns beneficially 861,121 Shares,
constituting approximately 6.0% 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
1,125,000 Shares, (constituting approximately 27.0% of the Shares
outstanding), purchased for discretionary accounts managed by it, other
than EGS Overseas, and 1,100 shares of Common Stock purchased for EGS
Overseas (constituting approximately .01% of the Shares outstanding),
which, when aggregated, total 3,850,500 shares of Common Stock,
constituting approximately 27.0% of the Shares outstanding.
(iii) Bev Partners owns beneficially 376,322 Shares,
constituting approximately .01% of the Shares outstanding.
(iv) Jonas Partners owns beneficially 61,200 Shares,
constituting approximately 0.1% of the Shares outstanding.
(v) Messrs. Ehrman, Greenberg, Gerstl, McLaren and Lautman
own directly no Shares. Mr. Ketcher owns 5000 shares directly.
The Reporting Persons' ownership reported herein is through
ownership of related ADRs.
CUSIP No. 893868208 13D Page 16 of 28 Pages
By reason of the provisions of Rule 13D-3 of the Act, each of
EGS Management and the Managing Members may be deemed to own the 861,121
Shares beneficially owned by EGS Associates, the 3,850,500 Shares
beneficially owned by EGS Partners, the 376,322 Shares beneficially
owned by Bev Partners, and the 61,200 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
3,850,500 Shares, constituting approximately 27.0% of the Shares
outstanding.
(vi) In the aggregate, the Reporting Persons beneficially own
a total of 3,850,500 Shares, constituting approximately 27.0% of the
Shares outstanding.
(b) Each of EGS Associates, EGS Partners (with respect to Shares
held by EGS Overseas and other 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 Managing
Members. Over one such discretionary account, however, EGS Partners
does not have voting authority. Each of EGS Overseas and 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 sixtieth day prior
to October 16, 1998 until June 4, 1998 by EGS Associates, Bev Partners,
EGS Overseas and EGS Partners (other than with respect to EGS
Associates, Bev Partners or Jonas Partners and EGS Overseas) are set
forth in Schedules A, B, C and D respectively, and were all effected on
the New York Stock Exchange. During such period, Jonas Partners and
Messrs. Ehrman, Greenberg, Ketcher, Gerstl, McLaren and Lautman did not
enter into any transactions in the ADRs.
(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.
CUSIP No. 893868208 13D Page 17 of 28 Pages
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: June 4, 1999
/s/ William Ehrman
--------------------------------
William Ehrman, individually, as managing
member of EGS Management, L.L.C., as
managing member of the 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.
/s/ Frederic Greenberg
--------------------------------
Frederic Greenberg, individually.
/s/ Frederick Ketcher
--------------------------------
Frederick Ketcher, individually.
/s/ Jonas Gerstl
--------------------------------
Jonas Gerstl, individually.
/s/ James McLaren
--------------------------------
James McLaren, individually.
/s/ William Lautman
--------------------------------
William Lautman, individually.
Page 18 of 28 Pages
Schedule A
EGS Associates, L.P.
Transactions in the ADRs
Date of Number of Shares Purchased / Price Per Share
Transaction (Sold) (including Commissions,
if any)
----------- --------------------------- -----------------------
8/17/98 4608 6.81
8/18/98 3073 6.62
8/19/98 3584 6.38
8/20/98 3454 6.40
8/21/98 4890 6.37
8/21/98 307 6.56
8/24/98 6400 6.22
8/25/98 4750 6.29
8/26/98 1862 6.08
8/26/98 9523 6.15
8/27/98 8115 6.09
8/28/98 5069 6.03
8/31/98 8218 5.88
9/1/98 4699 5.88
9/3/98 4495 5.50
9/8/98 2820 5.73
9/9/98 4575 5.50
9/10/98 5506 5.29
9/11/98 7953 4.97
9/14/98 5151 5.06
9/14/98 2362 5.06
9/24/98 9682 4.57
9/25/98 2022 4.44
9/28/98 2687 4.39
10/15/98 9177 3.37
10/16/98 6400 3.04
10/16/98 7168 3.34
12/30/98 26600 4.24
1/7/99 16500 6.06
1/8/99 13000 6.56
1/11/99 1000 6.49
Page 19 of 28 Pages
Schedule A
EGS Associates, L.P.
Transactions in the ADRs (cont.)
Date of Number of Shares Purchased / Price Per Share
Transaction (Sold) (including Commissions,
if any)
----------- --------------------------- -----------------------
1/13/99 4566 5.71
2/23/99 3830 6.28
2/25/99 4256 6.14
2/26/99 3123 6.07
3/4/99 798 4.92
3/5/99 4464 5.13
3/16/99 4870 5.89
3/18/99 5431 5.91
3/22/99 1462 5.96
3/23/99 1915 5.87
3/24/99 2820 5.87
3/29/99 4600 5.99
3/30/99 4300 5.98
3/31/99 7800 5.98
4/6/99 1533 5.92
4/7/99 4797 5.88
4/12/99 4500 6.10
4/13/99 7300 6.24
4/15/99 4934 6.25
4/16/99 7749 6.14
4/19/99 3192 5.86
4/20/99 3644 5.68
4/21/99 3112 5.21
Page 20 of 28 Pages
Schedule B
BEV Partners, L.P.
Transactions in the ADRs
Date of Number of Shares Purchased / Price Per Share
Transaction (Sold) (including Commissions,
if any)
----------- --------------------------- -----------------------
8/17/98 1548 6.81
8/18/98 1041 6.62
8/19/98 1204 6.38
8/20/98 1170 6.40
8/21/98 1643 6.37
8/21/98 103 6.56
8/24/98 2150 6.22
8/25/98 1608 6.29
8/26/98 644 6.08
8/26/98 3294 6.15
8/27/98 2726 6.09
8/28/98 1703 6.03
8/31/98 2761 5.88
9/1/98 1591 5.88
9/3/98 1555 5.50
9/8/98 975 5.73
9/9/98 1582 5.50
9/10/98 1904 5.29
9/11/98 2751 4.97
9/14/98 1766 5.06
9/14/98 810 5.06
9/24/98 3349 4.57
9/25/98 699 4.44
9/28/98 929 4.39
10/15/98 3174 3.37
10/16/98 2150 3.04
10/16/98 2408 3.34
12/1/98 5000 5.31
12/21/98 17500 4.35
12/22/98 13000 4.17
12/30/98 9200 4.24
1/4/99 5000 5.33
Page 21 of 28 Pages
Schedule B
Bev Partners, L.P.
Transactions in the ADRs (cont.)
Date of Number of Shares Purchased / Price Per Share
Transaction (Sold) (including Commissions,
if any)
----------- --------------------------- -----------------------
1/13/99 1534 5.71
1/20/99 4000 6.37
2/23/99 1325 6.28
2/25/99 1472 6.14
2/26/99 1049 6.07
3/4/99 275 4.92
3/5/99 1482 5.13
3/8/99 8100 5.20
3/16/99 1670 5.89
3/18/99 1803 5.91
3/22/99 506 5.96
3/23/99 662 5.87
3/24/99 975 5.87
4/5/99 7400 5.96
4/6/99 667 5.92
4/7/99 1645 5.88
4/8/99 3600 5.95
4/14/99 5000 6.24
4/15/99 2166 6.25
4/16/99 2656 6.14
4/19/99 1104 5.86
4/20/99 1260 5.68
4/21/99 1076 5.21
Page 22 of 28 Pages
Schedule C
EGS Overseas Fund, Ltd.
Transactions in the ADRs
Date of Number of Shares Purchased / Price Per Share
Transaction (Sold) (including Commissions,
if any)
----------- --------------------------- -----------------------
11/20/98 1000 5.46
Page 23 of 28 Pages
Schedule D
EGS Partners, L.L.C.
Transactions in the ADRs
Date of Number of Shares Purchased / Price Per Share
Transaction (Sold) (including Commissions,
if any)
----------- --------------------------- -----------------------
8/17/98 11844 6.81
8/18/98 7986 6.62
8/19/98 9212 6.38
8/20/98 8976 6.40
8/21/98 13296 6.38
8/24/98 16450 6.22
8/25/98 12342 6.29
8/26/98 22876 6.15
8/27/98 20859 6.09
8/28/98 13028 6.03
8/31/98 21121 5.88
9/1/98 12210 5.88
9/2/98 37554 5.77
9/3/98 10850 5.50
9/4/98 17499 5.59
9/8/98 6805 5.73
9/9/98 11043 5.50
9/10/98 13290 5.29
9/11/98 19196 4.97
9/14/98 18020 5.06
9/16/98 4500 5.02
9/17/98 13200 4.96
9/18/98 6700 4.98
9/21/98 3100 5.01
9/22/98 4000 4.93
9/23/98 10800 4.93
9/24/98 23369 4.57
9/25/98 4879 4.44
9/28/98 6484 4.39
9/29/98 30454 4.24
9/30/98 31000 4.21
Page 24 of 28 Pages
Schedule D
EGS Partners, L.L.C.
Transactions in the ADRs (cont.)
Date of Number of Shares Purchased / Price Per Share
Transaction (Sold) (including Commissions,
if any)
----------- --------------------------- -----------------------
10/1/98 13000 4.25
10/2/98 20700 4.20
10/5/98 22200 4.13
10/6/98 15100 3.86
10/7/98 19600 3.44
10/8/98 17200 3.27
10/9/98 16300 3.24
10/12/98 18100 3.31
10/13/98 14200 3.41
10/14/98 24200 3.40
10/15/98 22149 3.37
10/16/98 34874 3.20
10/19/98 6000 3.41
10/20/98 5000 3.41
10/21/98 4000 3.41
10/22/98 5200 3.73
10/23/98 3500 3.92
10/26/98 7200 4.15
10/27/98 6000 4.27
10/28/98 5000 4.27
10/29/98 6500 4.28
10/30/98 6000 4.45
11/3/98 7400 4.90
11/4/98 4500 4.84
11/5/98 12000 4.83
11/6/98 10000 5.04
11/9/98 5000 5.11
11/10/98 9700 5.12
11/11/98 11400 5.10
11/12/98 3800 5.03
Page 25 of 28 Pages
Schedule D
EGS Partners, L.L.C.
Transactions in the ADRs (cont.)
Date of Number of Shares Purchased / Price Per Share
Transaction (Sold) (including Commissions,
if any)
----------- --------------------------- -----------------------
11/13/98 2500 5.18
11/16/98 5600 5.15
11/17/98 14300 5.10
11/18/98 2000 5.11
11/19/98 4700 5.21
11/20/98 2000 5.46
11/23/98 6200 5.73
11/24/98 5500 5.48
11/25/98 7200 5.49
11/27/98 2000 5.61
11/30/98 12900 5.48
12/1/98 14500 5.31
12/2/98 16000 5.27
12/3/98 9200 5.05
12/4/98 9900 5.05
12/7/98 7000 5.17
12/9/98 5500 5.16
12/10/98 5500 5.18
12/11/98 6000 5.17
12/14/98 5500 5.22
12/15/98 6900 5.17
12/16/98 5200 5.15
12/17/98 4200 4.97
12/18/98 8500 4.58
12/23/98 10000 3.94
12/30/98 64200 4.24
1/5/99 9000 5.53
1/6/99 8300 5.85
1/11/99 1500 6.45
1/12/99 13300 6.17
1/14/99 8200 5.97
1/15/99 9200 6.03
Page 26 of 28 Pages
Schedule D
EGS Partners, L.L.C.
Transactions in the ADRs (cont.)
Date of Number of Shares Purchased / Price Per Share
Transaction (Sold) (including Commissions,
if any)
----------- --------------------------- -----------------------
1/21/99 9000 6.43
1/22/99 4400 6.42
1/25/99 5000 6.49
1/26/99 1600 6.49
1/27/99 9000 6.64
1/28/99 9300 6.84
1/29/99 7600 6.73
2/1/99 2300 6.91
2/2/99 5200 7.02
2/3/99 6500 6.97
2/4/99 5000 7.15
2/5/99 3700 7.00
2/8/99 4000 7.01
2/10/99 3200 6.53
2/11/99 4000 6.72
2/12/99 3000 6.69
2/16/99 11000 6.51
2/17/99 7800 6.35
2/18/99 7000 6.34
2/22/99 8000 6.65
2/23/99 9245 6.28
2/24/99 2600 6.32
2/25/99 10272 6.14
2/26/99 37 6.07
2/26/99 7991 6.07
3/1/99 4700 5.97
3/2/99 7500 5.89
3/3/99 19200 5.53
3/4/99 10 4.92
3/4/99 1917 4.91
3/5/99 54 5.13
3/9/99 2400 5.38
Page 27 of 28 Pages
Schedule D
EGS Partners, L.L.C.
Transactions in the ADRs (cont.)
Date of Number of Shares Purchased / Price Per Share
Transaction (Sold) (including Commissions,
if any)
----------- --------------------------- -----------------------
3/10/99 3000 5.59
3/11/99 1000 5.86
3/12/99 2700 5.98
3/15/99 5800 5.86
3/16/99 60 5.89
3/17/99 2600 5.86
3/18/99 66 5.91
3/19/99 1000 6.05
3/22/99 3532 5.96
3/23/99 4623 5.86
3/24/99 6805 5.87
3/25/99 9273 5.89
3/26/99 4500 5.95
4/1/99 7600 5.99
4/7/99 5658 6.00
4/9/99 3358 6.08
4/16/99 3395 6.08
4/19/99 7704 5.86
4/20/99 8796 5.68
4/21/99 7512 5.21
4/23/99 2500 5.43
4/26/99 2600 5.68
4/27/99 1000 5.80
4/28/99 1000 5.86
4/30/99 2000 5.86
5/17/99 1900 5.25
5/18/99 3800 5.41
5/19/99 4000 5.37
5/20/99 4000 5.43
5/21/99 6500 5.44
5/24/99 2500 5.35
5/25/99 3000 5.18
Page 28 of 28 Pages
Schedule D
EGS Partners, L.L.C.
Transactions in the ADRs (cont.)
Date of Number of Shares Purchased / Price Per Share
Transaction (Sold) (including Commissions,
if any)
----------- --------------------------- -----------------------
5/26/99 3500 5.12
5/27/99 3000 5.13
5/28/99 4000 5.05
6/1/99 1800 5.23
6/2/99 4100 5.21
6/3/99 1700 5.20
6/4/99 1300 5.23
Continued on next page
