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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 14D-1/A
(Amendment No. 7 - Final Amendment)
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
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Elsag Bailey Process Automation N.V.
Elsag Bailey Financing Trust
(Name of Subject Company)
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ABB Asea Brown Boveri Ltd.
ABB Transportation Participations B.V.
(Bidders)
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Common Shares, par value NLG1.00 per share,
of Elsag Bailey Process Automation N.V.
5-1/2% Convertible Trust Originated Preferred Securities
of Elsag Bailey Financing Trust
(Title of Class of Securities)
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Common Shares: N2925S101
Preferred Securities: 290205301
290205103
U28430202
(CUSIP Number of Class of Securities)
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Beat Hess, Esq.
ABB Asea Brown Boveri Ltd.
Affolternstrasse 44
P.O. Box 8131
CH-8050 Zurich
Switzerland
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications on Behalf of Bidders)
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Copy to:
Gregory Pryor, Esq.
White & Case LLP
1155 Avenue of the Americas
New York, New York 10036
(212) 819-8200
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<PAGE>
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CUSIP No. N2925S101 14D-1/13D
290205301
290205103
U28430202
- ---------------------------------------
- --------- ----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
ABB Asea Brown Boveri Ltd.
- --------- ----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ( )
(b) (x)
- --------- ----------------------------------------------------------------------
3 SEC USE ONLY
- --------- ----------------------------------------------------------------------
4 SOURCE OF FUNDS
WC; OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(a) OR 2(b) ( )
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
SWITZERLAND
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7 AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
Company Shares: 29,624,408
Preferred Securities: 5,733,458
- --------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES
CERTAIN SHARES ( )
- --------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
Company Shares: 99.8%*
Preferred Securities: 99.9%**
- --------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON
CO
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* Based on total outstanding Company Shares of 29,693,631 as of January 11,
1999, according to the Company's transfer agent.
** Based on total outstanding Preferred Securities of 5,740,000 as of January
11, 1999, according to the Company's transfer agent.
<PAGE>
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CUSIP No. N2925S101 14D-1/13D
290205301
290205103
U28430202
- ---------------------------------------
- --------- ----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
ABB Transportation Participations B.V.
- --------- ----------------------------------------------------------------------
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(a) OR 2(b) ( )
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
THE NETHERLANDS
- --------------------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
Company Shares: 29,624,408
Preferred Securities: 5,733,458
- --------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES
CERTAIN SHARES ( )
- --------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
Company Shares: 99.8%*
Preferred Securities: 99.9%**
- --------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
* Based on total outstanding Company Shares of 29,693,631 as of January 11,
1999, according to the Company's transfer agent.
** Based on total outstanding Preferred Securities of 5,740,000 as of January
11, 1999, according to the Company's transfer agent.
<PAGE>
This Amendment No. 7 amends and supplements the Tender Offer Statement on
Schedule 14D-1 filed on October 20, 1998 (as amended and supplemented, the
"Schedule 14D-1") relating to the offer by ABB Transportation Participations
B.V., a corporation organized under the laws of The Netherlands (the
"Purchaser") and a direct, wholly owned subsidiary of ABB Asea Brown Boveri
Ltd., a corporation organized under the laws of Switzerland (the "Parent"), to
purchase all outstanding (i) common shares, par value NLG 1.00 per share (the
"Company Shares"), of Elsag Bailey Process Automation N.V., a corporation
organized under the laws of The Netherlands (the "Company"), at a price of
$39.30 per Company Share, net to the seller in cash, without interest thereon,
and (ii) 5-1/2% Convertible Trust Originated Preferred Securities of Elsag
Bailey Financing Trust guaranteed by the Company and convertible into Company
Shares (the "Preferred Securities") at a price of $61.21 per Preferred Security,
net to the seller in cash, without interest thereon, upon the terms and subject
to the conditions set forth in the Offer to Purchase dated October 20, 1998 (the
"Offer to Purchase") and the related Letter of Transmittal.
This Amendment No. 7, constituting the final amendment to the Schedule
14D-1, also constitutes the statement on Schedule 13D of the Purchaser and the
Parent. The item numbers and captions set forth below are presented in
accordance with the requirements of Schedule 14D-1.
Item 5. Purpose of the Tender Offer and Plans or Proposals of the Bidder.
Item 5(f) of the Schedule 14D-1 is hereby amended and supplemented as
follows:
The New York Stock Exchange, Inc. advised the Company and the Parent that
trading in the Company Shares was suspended on January 12, 1999. The Parent and
the Purchaser intend to seek to delist the Company Shares from the New York
Stock Exchange, Inc.
Item 6. Interest in Securities of the Subject Company.
Items 6(a) and 6(b) of the Schedule 14D-1 are hereby amended and
supplemented as follows:
The Offer expired at 5:00 p.m., New York City time, January 11, 1999. Based
on final information provided by the Depositary, a total of 29,624,408 Company
Shares and 5,733,458 Preferred Securities (or approximately 99.8 percent of the
total outstanding Company Shares and 99.9 percent of the total outstanding
Preferred Securities) were validly tendered and accepted for payment. All of
such securities have been purchased by the Purchaser pursuant to the Offer.
<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.
Dated: January 15, 1999 ABB ASEA BROWN BOVERI LTD.
By:/s/ MATS SACKLEN
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Name: Mats Sacklen
Title: Vice President
By:/s/ ERIC ELZVIK
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Name: Eric Elzvik
Title: Vice President
Dated: January 15, 1999 ABB TRANSPORTATION PARTICIPATIONS B.V.
By:/s/ J.A. DE RAAD
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Name: J.A. De Raad
Title: Managing Director
By:/s/ BRIAN NORMAN VAN REIJN
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Name: Brian Norman van Reijn
Title: Managing Director
