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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 14D-1
TENDER OFFER STATEMENT PURSUANT TO SECTION 14(D)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 8)
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GLOBAL INDUSTRIAL TECHNOLOGIES, INC.
(Name of Subject Company)
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HEAT ACQUISITION CORP.
AND
RHI AG
(Bidders)
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COMMON STOCK, PAR VALUE $0.25 PER SHARE
(Title of Class of Securities)
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379335102
(CUSIP Number of Class of Securities)
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DR. GEORG OBERMEIER
CHIEF EXECUTIVE OFFICER
RHI AG
MOMMSENGASSE 35
A-1040 VIENNA, AUSTRIA
43-1-50213-123
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications on Behalf of Bidders)
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COPIES TO:
ROBERT A. PROFUSEK, ESQ.
JONES, DAY, REAVIS & POGUE
599 LEXINGTON AVENUE
NEW YORK, NEW YORK 10022
(212) 326-3939
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This Amendment No. 8 amends the Tender Offer Statement on Schedule 14D-1, as
amended (the "Statement"), filed by RHI AG, an Austrian stock corporation
("Parent"), and Heat Acquisition Corp., a Delaware corporation and an indirect,
wholly owned subsidiary of Parent ("Purchaser"), relating to the offer by
Purchaser to purchase all of the outstanding shares of common stock, par value
$0.25 per share (together with the associated preferred share purchase rights
issued pursuant to the Rights Agreement, dated October 31, 1995, as amended,
between Global Industrial Technologies, Inc., a Delaware corporation ("the
Company"), and The Bank of New York, the "Shares"), of the Company at a purchase
price of $13.00 per Share, net to the seller in cash.
Except as otherwise indicated herein, the information set forth in the
Statement remains unchanged, and each capitalized term used herein and not
defined herein has the meaning ascribed to such term in the Statement.
ITEM 5. PURPOSE OF THE TENDER OFFER AND PLANS OR PROPOSALS OF THE BIDDER.
The information set forth in Item 5(b) is hereby amended and supplemented as
follows:
The divestiture agreement has been amended to provide the purchaser
the right to terminate the agreement on or before November 30, 1999
based on the results of its due diligence review.
ITEM 10. ADDITIONAL INFORMATION.
The information set forth in Items 10(b), 10(c) and 10(f) is hereby amended
and supplemented as follows:
The information set forth in Item 5 (Purpose of the Tender Offer and
Plans or Proposals of the Bidder) is incorporated herein by reference.
In a November 22, 1999 press release, Parent announced the extension
of the Expiration Date. The Offer is hereby amended so that the
Expiration Date is 9:00 a.m., New York City Time, on Friday,
December 3, 1999.
The full text of Parent's November 22, 1999 press release is set
forth in Exhibit (a)(16) hereto and is incorporated herein by reference.
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ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
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*(a)(1) Offer To Purchase, dated July 16, 1999
*(a)(2) Letter of Transmittal
*(a)(3) Notice of Guaranteed Delivery
*(a)(4) Form of Letter to Brokers, Dealers, Commercial Banks, Trust
Companies and Other Nominees
*(a)(5) Form of Letter to Clients for use by Brokers, Dealers,
Commercial Banks, Trust Companies and Other Nominees
*(a)(6) Guidelines for Certification of Taxpayer Identification
Number on Substitute Form W-9
*(a)(7) Form of Summary Advertisement, dated July 19, 1999
*(a)(8) Text of Joint Press Release of Parent and the Company, dated
July 12, 1999
*(a)(9) Text of Press Release of Parent, dated August 4, 1999
*(a)(10) Text of Press Release of Parent, dated August 6, 1999
*(a)(11) Text of Press Release of Parent, dated September 29, 1999
*(a)(12) Text of Press Release of Parent, dated October 14, 1999
(Free English Translation for Convenience Purposes Only)
*(a)(13) Text of Press Release of Parent, dated October 25, 1999
*(a)(14) Text of Press Release of Parent, dated October 29, 1999
*(a)(15) Text of Press Release of Parent, dated November 15, 1999
(a)(16) Text of Press Release of Parent, dated November 22, 1999
*(b)(1) Credit Agreement, dated October 13, 1999, between RHI
Finance ApS, as Borrower, and Raiffeisen Zentralbank
Osterreich Aktiengesellschaft, Creditanstalt AG, ABN Amro
Bank N.V., Filiale Wien, Bank Austria Aktiengesellschaft,
Bank fur Arbeit und Wirtschaft AG, Erste Bank der
oesterreichischen Sparkassen AG and Osterreichische
Volksbanken AG, collectively, the Lenders, for [EURO]440
million (Free English Translation for Convenience Purposes
Only)
*(b)(2) Guaranty Agreement dated October , 1999, between Parent
and the Lenders (Free English Translation for Convenience
Purposes Only)
*(c)(1) Agreement and Plan of Merger, dated July 12, 1999, among
Parent, Purchaser and the Company
(d) Not applicable
(e) Not applicable
(f) Not applicable
</TABLE>
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* Previously filed.
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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.
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HEAT ACQUISITION CORP.
By: /s/ JAKOB MOSSER
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Name: Jakob Mosser
Title: President
RHI AG
By: /s/ JAKOB MOSSER
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Name: Jakob Mosser
Title: Member of Management Board
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Dated: November 22, 1999
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EXHIBIT INDEX
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EXHIBIT DESCRIPTION
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*(a)(1) Offer To Purchase, dated July 16, 1999
*(a)(2) Letter of Transmittal
*(a)(3) Notice of Guaranteed Delivery
*(a)(4) Form of Letter to Brokers, Dealers, Commercial Banks, Trust
Companies and Other Nominees
*(a)(5) Form of Letter to Clients for use by Brokers, Dealers,
Commercial Banks, Trust Companies and Other Nominees
*(a)(6) Guidelines for Certification of Taxpayer Identification
Number on Substitute Form W-9
*(a)(7) Form of Summary Advertisement, dated July 19, 1999
*(a)(8) Text of Joint Press Release of Parent and the Company, dated
July 12, 1999
*(a)(9) Text of Press Release of Parent, dated August 4, 1999
*(a)(10) Text of Press Release of Parent, dated August 6, 1999
*(a)(11) Text of Press Release of Parent, dated September 29, 1999
*(a)(12) Text of Press Release of Parent, dated October 14, 1999
(Free English Translation for Convenience Purposes Only)
*(a)(13) Text of Press Release of Parent, dated October 25, 1999
*(a)(14) Text of Press Release of Parent, dated October 29, 1999
*(a)(15) Text of Press Release of Parent, dated November 15, 1999
(a)(16) Text of Press Release of Parent, dated November 22, 1999
*(b)(1) Credit Agreement, dated October 13, 1999, between RHI
Finance ApS, as Borrower, and Raiffeisen Zentralbank
Osterreich Aktiengesellschaft, Creditanstalt AG, ABN Amro
Bank N.V., Filiale Wien, Bank Austria Aktiengesellschaft,
Bank fur Arbeit und Wirtschaft AG, Erste Bank der
oesterreichischen Sparkassen AG and Osterreichische
Volksbanken AG, collectively, the Lenders, for [EURO]440
million (Free English Translation for Convenience Purposes
Only)
*(b)(2) Guaranty Agreement, dated October 14, 1999, between Parent
and the Lenders (Free English Translation for Convenience
Purposes Only)
(b) Not applicable
*(c)(1) Agreement and Plan of Merger, dated July 12, 1999, among
Parent, Purchaser and the Company
(d) Not applicable
(e) Not applicable
(f) Not applicable
</TABLE>
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* Previously filed.
