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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
AMENDMENT NO. 1
UNDER THE SECURITIES EXCHANGE ACT OF 1934
AND
SCHEDULE 14D-1/A
AMENDMENT NO. 7
TENDER OFFER STATEMENT PURSUANT TO SECTION 14(d)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
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ENVIROTEST SYSTEMS CORP.
(NAME OF SUBJECT COMPANY)
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STONE RIVET, INC.
ENVIRONMENTAL SYSTEMS PRODUCTS, INC.
(BIDDERS)
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CLASS A COMMON STOCK, PAR VALUE $.01 PER SHARE
(TITLE OF CLASS OF SECURITIES)
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29409W105
(CUSIP NUMBER OF CLASS OF SECURITIES)
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TERRENCE P. MCKENNA
C/O ENVIRONMENTAL SYSTEMS PRODUCTS, INC.
7 KRIPES ROAD
EAST GRANBY, CONNECTICUT 06026
(860) 653-0081
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED
TO RECEIVE NOTICES AND COMMUNICATIONS ON BEHALF OF BIDDER)
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COPY TO:
RICHARD I. ANSBACHER, ESQ.
ELISABETH J. HARPER, ESQ.
SHAW PITTMAN POTTS & TROWBRIDGE
2300 N STREET, N.W.
WASHINGTON, D.C. 20037
(202) 663-8000
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AUGUST 12, 1998
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CUSIP NO. 29409W105 13D/A AND 14D-1/A PAGE 2 OF 5
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Stone Rivet, Inc. (E.I.N. 06-1523253)
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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
BK, AF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(e) or 2(f)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,963,529
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8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES
CERTAIN SHARES
[ ]
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9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
Approximately 98.7%
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10. TYPE OF REPORTING PERSON
CO
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CUSIP NO. 29409W105 13D/A AND 14D-1/A PAGE 3 OF 5
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Environmental Systems Products, Inc. (E.I.N. 06-1285832)
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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
BK, AF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(e) or 2(f)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,963,529
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8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES
CERTAIN SHARES
[ ]
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9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
Approximately 98.7%
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10. TYPE OF REPORTING PERSON
CO
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TENDER OFFER
This Amendment No. 7 is filed to supplement and amend the information set
forth in the Tender Offer Statement on Schedule 14D-1 filed by Environmental
Systems Products Inc., a Delaware corporation ("Parent"), and Stone Rivet, Inc.,
a Delaware corporation and a wholly owned subsidiary of Parent (the "Purchaser")
relating to the offer by the Purchaser to purchase all outstanding shares of
Class A Common Stock, par value $.01 per share (the "Shares"), of Envirotest
Systems Corp., a Delaware corporation (the "Company"), at $17.25 per share, net
to the seller in cash, on the terms and subject to the conditions set forth in
the Offer to Purchase, dated August 19, 1998 (the "Offer to Purchase"), and in
the related Letter of Transmittal and any amendments and supplements thereto,
copies of which were previously filed as Exhibits 99(a)(1) and 99(a)(2),
respectively to the Schedule 14D-1 (which collectively constitutes the "Offer").
Capitalized terms not defined herein have the meanings assigned thereto in the
Schedule 14D-1, including the Offer to Purchase.
ITEM 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY.
At 12:00 midnight, Eastern standard time, on Thursday, October 15, 1998,
the Offer expired. Approximately 11,963,529 Shares were tendered pursuant to the
Offer, of which 1,381,813 were tendered pursuant to notices of guaranteed
delivery. On October 16, 1998, effective as of 12:01 a.m., all Shares validly
tendered and not withdrawn prior to the expiration of the Offer were accepted
for payment. The text of the press release announcing the expiration of the
Offer and the acceptance of validly tendered Shares is attached hereto as
Exhibit 99(a)(14) and is incorporated herein by reference.
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
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99(a)(14) Text of Press Release, dated October 16, 1998.
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SIGNATURE
After due inquiry and to the best of our knowledge and belief, we certify
that the information set forth in this statement is true, complete, and correct.
Date: October 19, 1998
STONE RIVET, INC.
By: /s/ TERRENCE P. MCKENNA
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Name: Terrence P. McKenna
Title: President and Chief Executive
Officer
Date: October 19, 1998
ENVIRONMENTAL SYSTEMS
PRODUCTS, INC.
By: /s/ TERRENCE P. MCKENNA
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Name: Terrence P. McKenna
Title: President and Chief Executive
Officer
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EXHIBIT 99(a)(14)
STONE RIVET, INC. CLOSES TENDER OFFER FOR ENVIROTEST STOCK
MORE THAN 98% OF ENVIROTEST STOCK RECEIVED
SUNNYVALE, Calif. and LONDON, England -- October 16, 1998 - Stone Rivet,
Inc. and Envirotest Systems Corp. (AMEX:ENR) announced today that Stone Rivet
has closed its tender offer for shares of Class A common stock of Envirotest by
accepting the tender of approximately 11,963,529 shares, representing
approximately 98.7% of the outstanding shares of Envirotest.
Stone Rivet accepted for payment all Envirotest shares validly tendered
and not withdrawn prior to the expiration of the tender offer, including
approximately 1,381,813 shares tendered pursuant to notices of guaranteed
delivery. The tender offer expired at 12:00 midnight, Eastern standard time,
on Thursday, October 15, 1998. Stone Rivet will complete its acquisition of
Envirotest by means of a merger of Stone Rivet with and into Envirotest, in
which the remaining Envirotest shares will be canceled and converted into the
right to receive $17.25 per share in cash. Stone Rivet anticipates prompt
consummation of the merger.
