______________________________________________________________
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
________________
FINAL AMENDMENT TO
SCHEDULE 14D-1
Tender Offer Statement Pursuant To Section
14(d)(1) of the Securities Exchange Act of 1934
and
SCHEDULE 13D
Under the Securities Exchange Act of 1934
________________
BEST POWER TECHNOLOGY, INCORPORATED
(Name of Subject Company)
________________
GENERAL SIGNAL CORPORATION
G.S. NEWCO, INC.
(Bidder)
________________
COMMON STOCK, PAR VALUE $.01 PER SHARE
(Title of Class of Securities)
________________
086548104
(CUSIP Number of Class of Securities)
________________
Edgar J. Smith, Jr., Esq.
Senior Vice President, General Counsel & Secretary
General Signal Corporation
One High Ridge Park
P.O. Box 10010
Stamford, Connecticut 06904
(203) 329-4100
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications on Behalf of Bidder)
________________
Copy to:
W. Leslie Duffy, Esq.
Cahill Gordon & Reindel
80 Pine Street
New York, New York 10005
(212) 701-3000
<PAGE>
CUSIP No. 086548104
- ---------------------------------------------------------------------------
1. Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
General Signal Corporation I.R.S. No. 16-0445660
- ---------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of Group
(See Instructions) (a) /_/
(b) /_/
- ---------------------------------------------------------------------------
3. SEC Use Only
- ---------------------------------------------------------------------------
4. Sources of Funds (See Instructions)
WC, OO
- ---------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(e) or 2(f) /_/
- ---------------------------------------------------------------------------
6. Citizenship or Place of Organization
New York
- ---------------------------------------------------------------------------
7. Aggregate Amount Beneficially Owned by Each Reporting
Person
9,401,337
- ---------------------------------------------------------------------------
8. Check if the Aggregate Amount in Row (7) Excludes Certain
Shares (See Instructions) /_/
- ---------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row (7)
98.7%
- ---------------------------------------------------------------------------
10. Type of Reporting Person (See Instructions)
CO
<PAGE>
CUSIP No. 086548104
- ---------------------------------------------------------------------------
1. Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
G.S. Newco, Inc. I.R.S. No. Pending
- ---------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of Group
(See Instructions) (a) /_/
(b) /_/
- ---------------------------------------------------------------------------
3. SEC Use Only
- ---------------------------------------------------------------------------
4. Sources of Funds (See Instructions)
WC
- ---------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(e) or 2(f) /_/
- ---------------------------------------------------------------------------
6. Citizenship or Place of Organization
Delaware
- ---------------------------------------------------------------------------
7. Aggregate Amount Beneficially Owned by Each Reporting
Person
9,401,337
- ---------------------------------------------------------------------------
8. Check if the Aggregate Amount in Row (7) Excludes Certain
Shares (See Instructions) /_/
- ---------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row (7)
98.7%
- ---------------------------------------------------------------------------
10. Type of Reporting Person (See Instructions)
CO
<PAGE>
This Final Amendment amends and supplements the
Tender Offer Statement on Schedule 14D-1 and Schedule 13D
originally filed with the Securities and Exchange Commission on
May 16, 1995, as previously amended (the "Schedule 14D-1"), by
G.S. Newco, Inc., a Delaware corporation (the "Purchaser") and
a wholly owned Subsidiary of General Signal Corporation, a New
York corporation ("Parent"), relating to the offer by the
Purchaser to purchase all of the outstanding shares of common
stock, par value $.01 per share (the "Shares") of Best Power
Technology, Incorporated, a Delaware corporation (the
"Company"), at a purchase price of $21.00 per share, net to the
Seller in cash, upon the terms and subject to the conditions
set forth in the Offer to Purchase, dated May 16, 1995, and the
related Letter of Transmittal (which, together with any
amendments or supplements thereto, collectively constitute the
"Offer"). Unless the context otherwise requires, capitalized
terms not otherwise defined herein have the meaning ascribed to
them in the Schedule 14D-1 and the Offer to Purchase.
ITEM 5. PURPOSE OF THE TENDER OFFER AND PLANS OR
PROPOSALS OF BIDDER
Item 5 is hereby amended and supplemented by adding
thereto the following:
Effective at l:00 P.M. on June 14, 1995, the
Purchaser was merged with and into the Company pursuant to
Section 253 of the DGCL. As a result of the Merger, the
Company became a wholly owned subsidiary of Parent and Shares
(other than Shares held by the Purchaser, the Company or any
subsidiary of either, which have been cancelled, and Shares
held by stockholders who properly exercise the appraisal rights
available to them under Section 262 of the DGCL) have been
converted into the right to receive the Merger Consideration.
On June 15, 1995 the Company filed, pursuant to the
Exchange Act, Form 15 with the Commission requesting
termination of registration of Shares under the Exchange Act.
Also on June 15, 1995, the Company's Shares were delisted from
NASDAQ.
ITEM 6. INTERESTS IN SECURITIES OF THE SUBJECT COMPANY
Item 6 is hereby amended and supplemented by adding
thereto the following:
Based on the final count of Shares validly tendered
and not properly withdrawn pursuant to the Offer, Purchaser
acquired 9,401,337 Shares, which represent approximately 98.7%
of Shares outstanding.
<PAGE>
SIGNATURE
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.
G.S. NEWCO, INC.
By:/s/Edgar J. Smith, Jr.
---------------------------
Name: Edgar J. Smith, Jr.
Title: Vice President and
Secretary
GENERAL SIGNAL CORPORATION
By:/s/Edgar J. Smith, Jr.
---------------------------
Name: Edgar J. Smith, Jr.
Title: Vice President,
General Counsel and
Secretary
Dated: June 15, 1995
