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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. 2)
(FINAL AMENDMENT)
AND
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
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HASKEL INTERNATIONAL, INC.
(NAME OF SUBJECT COMPANY)
HI MERGER SUBSIDIARY INC.
HI HOLDINGS INC.
TINICUM CAPITAL PARTNERS, L.P.
EDMUNDSON INTERNATIONAL, INC.
(BIDDERS)
CLASS A COMMON STOCK, NO PAR VALUE PER SHARE
CLASS B COMMON STOCK, NO PAR VALUE PER SHARE
(TITLE OF CLASS OF SECURITIES)
418106100
(CUSIP NUMBER OF CLASS OF SECURITIES)
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ERIC M. RUTTENBERG
HI MERGER SUBSIDIARY INC.
C/O TINICUM INCORPORATED
800 THIRD AVENUE, 40TH FLOOR
NEW YORK, NEW YORK 10022
(212) 446-9300
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(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED
TO RECEIVE NOTICES AND COMMUNICATIONS ON BEHALF OF BIDDERS)
COPY TO:
JOSHUA N. KORFF, ESQ.
KIRKLAND & ELLIS
CITICORP CENTER
153 EAST 53RD STREET
NEW YORK, NY 10022
(212) 446-4800
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CALCULATION OF FILING FEE
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Transaction Valuation*: $65,956,067 Amount of Filing Fee: $13,192
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* For purposes of calculating the fee only. This amount assumes the purchase of
all outstanding 4,772,205 shares of Class A common stock, no par value per
share, and all outstanding 40,000 shares of Class B common stock, no par
value per share (collectively, "Shares"), of the subject company at a price
per Share of $12.90 in cash, plus the net payment to holders of in-the-money
options of the subject company. Such number of Shares represents all the
shares of capital stock of the subject company outstanding as of March 10,
1999, as represented by the subject company in the Agreement and Plan of
Merger, dated as of March 15, 1999. The amount of the filing fee, calculated
in accordance with Section 14(g)(3) and Rule 0-11(d) under the Securities
Exchange Act of 1934, as amended, equals 1/50th of one percent of the
aggregate of the cash offered by the bidders.
[X] Check box if any part of the fee is offset as provided by Rule 0-11(a)(2)
and identify the filing with which the offsetting fee was previously paid.
Identify the previous filing by registration statement number, or the form
or schedule and the date of its filing.
<TABLE>
<S> <C> <C> <C>
Amount Previously Paid: $13,192 Filing Party: HI Merger Subsidiary Inc.
and HI Holdings Inc.
Form or Registration No.: Schedule 14D-1, Date Filed: March 22, 1999
File No. 5-43659
</TABLE>
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<PAGE> 2
SCHEDULE 14D-1 AND 13D
CUSIP NO. 418106100 PAGE 2
<TABLE>
<S> <C> <C>
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1. Name of Reporting Persons
HI MERGER SUBSIDIARY INC.
S.S. or I.R.S. Identification Nos. of Above Persons
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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 WC
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5. Check 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 CALIFORNIA
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
4,674,044*
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8. Check if the Aggregate Amount in Row 7 Excludes Certain
Shares [ ]
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9. Percent of Class Represented by Amount in Row 7 97.5%*
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10. Type of Reporting Person CO
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</TABLE>
* Based on information provided by the Depositary, American Stock Transfer &
Trust Company, Shares owned as of the date of the reportable event, April 19,
1999.
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SCHEDULE 14D-1 AND 13D
CUSIP NO. 418106100 PAGE 3
<TABLE>
<S> <C> <C>
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1. Name of Reporting Persons
HI HOLDINGS INC.
S.S. or I.R.S. Identification Nos. of Above Persons
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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 WC
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5. Check 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
4,674,044*
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8. Check if the Aggregate Amount in Row 7 Excludes Certain
Shares [ ]
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9. Percent of Class Represented by Amount in Row 7 97.5%*
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10. Type of Reporting Person CO
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</TABLE>
* Based on information provided by the Depository, American Stock Transfer &
Trust Company, Shares owned as of the date of the reportable event, April 19,
1999.
<PAGE> 4
SCHEDULE 14D-1 AND 13D
CUSIP NO. 418106100 PAGE 4
<TABLE>
<S> <C> <C>
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1. Name of Reporting Persons
TINICUM CAPITAL PARTNERS, L.P.
S.S. or I.R.S. Identification Nos. of Above Persons
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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 OO
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5. Check 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
4,674,044*
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8. Check if the Aggregate Amount in Row 7 Excludes Certain
Shares [ ]
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9. Percent of Class Represented by Amount in Row 7 97.5%*
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10. Type of Reporting Person PN
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</TABLE>
* Based on information provided by the Depositary, American Stock Transfer &
Trust Company, Shares owned as of the date of the reportable event, April 19,
1999.
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SCHEDULE 14D-1 AND 13D
CUSIP NO. 418106100 PAGE 5
<TABLE>
<S> <C> <C>
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1. Name of Reporting Persons
EDMUNDSON INTERNATIONAL, INC.
S.S. or I.R.S. Identification Nos. of Above Persons
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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 WC
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5. Check 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 CALIFORNIA
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
4,674,044*
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8. Check if the Aggregate Amount in Row 7 Excludes Certain
Shares [ ]
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9. Percent of Class Represented by Amount in Row 7 97.5%*
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10. Type of Reporting Person CO
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</TABLE>
* Based on information provided by the Depositary, American Stock Transfer &
Trust Company, Shares owned as of the date of the reportable event, April 19,
1999.
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INTRODUCTION
This Amendment No. 2 (the "Amendment") to the Tender Offer Statement on
Schedule 14D-1 (as amended, the "Statement") filed with the Securities and
Exchange Commission on March 22, 1999 by HI Holdings Inc., a Delaware
corporation ("Parent"), HI Merger Subsidiary Inc., a California corporation (the
"Purchaser"), Tinicum Capital Partners, L.P., a Delaware limited partnership
("Tinicum"), and Edmundson International, Inc., a California corporation
("Edmundson"), relates to the offer by Purchaser, a wholly-owned subsidiary of
Parent, to purchase all the outstanding shares of common stock, no par value per
share (the "Shares") of Haskel International, Inc., a California corporation
(the "Company"), at a purchase price of $12.90 per Share, 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 March 22, 1999, as supplemented by a
Supplement to Offer to Purchase, dated April 5, 1999 (the "Offer to Purchase")
and the related Letter of Transmittal (which, together with any supplements or
amendments, collectively constitute the "Offer"), copies of which are filed as
Exhibits (a)(1), (a)(9) and (a)(2) to the Statement respectively. This Amendment
amends and restates the Statement originally filed on March 22, 1999 by
Purchaser and Parent.
All capitalized terms used herein and not defined herein shall have the
meanings set forth in the Offer to Purchase.
This Amendment also constitutes the Statement on Schedule 13D with respect
to the acquisition by Purchaser, Parent, Tinicum and Edmundson of beneficial
ownership of the Shares, pursuant to General Instruction F of Schedule 14D-1.
The items of the Schedule 14D-1 set forth below are hereby amended and
supplemented as follows:
ITEM 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY.
(a)-(b) The Offer expired at 12:00 midnight, New York City time, on April
19, 1999. Based on a preliminary count approximately 4,674,044 shares of Class A
common stock (or approximately 97.5% of the total number of shares of Class A
common stock then outstanding) and 40,000 shares of Class B common stock (or
100% of the total number of shares of Class B common stock then outstanding)
were tendered pursuant to the Offer. On April 19, 1999, Purchaser accepted for
purchase all Shares validly tendered and not withdrawn prior to the expiration
of the Offer. Payment for the tendered shares is scheduled for April 23, 1999.
As a result of the foregoing, Purchaser has a sufficient number of Shares to
enable it to effect the Merger without a vote or meeting of the Company's
shareholders. After the Merger, Parent will own 100% of the Company. Parent and
Purchaser intend to effect the Merger as soon as practicable. The text of the
press release dated April 20, 1999 announcing the expiration of the tender offer
and the acceptance of validly tendered Shares is annexed hereto as
Exhibit(a)(10) and is hereby incorporated herein by reference.
The Company and Parent expect that the registration of the Shares under the
Exchange Act will be terminated.
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
(a)(10) Joint press release issued by Company, Parent, Purchaser, Tinicum
and Edmundson on April 20, 1999.
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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: April 21, 1999 HI MERGER SUBSIDIARY INC.
By: /s/ SETH M. HENDON
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Name: Seth M. Hendon
Title: Vice President
HI HOLDINGS INC.
By: /s/ SETH M. HENDON
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Name: Seth M. Hendon
Title: Vice President
TINICUM CAPITAL PARTNERS, L.P.
By: Tinicum Lantern L.L.C., its General
Partner
By: /s/ SETH M. HENDON
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Name: Seth M. Hendon
Title: Member
EDMUNDSON INTERNATIONAL, INC.
By: /s/ JOHN D. PARISH
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Name: John D. Parish
Title: Vice President
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EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT NO. DESCRIPTION
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<C> <S>
(a)(1) Offer to Purchase, dated March 22, 1999.*
(a)(2) Letter of Transmittal.*
(a)(3) Notice of Guaranteed Delivery.*
(a)(4) Form of letter, dated March 22, 1999, to brokers, dealers,
commercial banks, trust companies and other nominees.*
(a)(5) Form of letter to be used by brokers, dealers, commercial
banks, trust companies and nominees to their clients.*
(a)(6) Guidelines for Certification of Taxpayer Identification
Number on Substitute Form W-9.*
(a)(7) Press release issued by the Company on March 15, 1999.*
(a)(8) Form of Summary Advertisement, dated March 22, 1999.*
(a)(9) Supplement to Offer to Purchase dated April 5, 1999.*
(a)(10) Joint press release issued by Company, Parent, Purchaser,
Tinicum and Edmundson on April 20, 1999.
(c)(1) Agreement and Plan of Merger, dated as of March 15, 1999, by
and among the Company, the Purchaser and Parent.*
(c)(2) Shareholder Agreement, dated as of March 15, 1999, by and
among certain stockholders of the Company, the Purchaser and
Parent, as amended as of March 18, 1999.*
</TABLE>
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* Previously filed with the Statement
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Exhibit (a)(10)
HASKEL INTERNATIONAL, INC. HI HOLDINGS INC.
100 East Graham Place 800 Third Avenue, 40th Floor
Burbank, CA 91502 New York, NY 10022
Contact: R. Malcolm Greaves
President and CEO
Haskel International, Inc.
(818) 843-4000
Seth M. Hendon
Vice President and Secretary
HI Holdings Inc.
(212) 446-9300
FOR IMMEDIATE RELEASE
HI HOLDINGS INC. SUCCESSFULLY COMPLETES CASH TENDER OFFER
AND ACQUIRES IN EXCESS OF 90% OF THE SHARES OF
HASKEL INTERNATIONAL, INC.
NEW YORK, NEW YORK- April 20, 1999,- HI Holdings Inc., HI Merger
Subsidiary Inc., Tinicum Capital Partners, L.P. and Edmundson International,
Inc. announced today that the tender offer for all outstanding shares of common
stock of Haskel International, Inc. ("Haskel") at a price of $12.90 per share
in cash, net to the seller, without interest, expired as scheduled , at 12:00
midnight, New York City time, on Monday, April 19, 1999. Based on information
provided by the Depositary, a total of approximately 4,674,044 (or 97.5%) of
all outstanding shares of Class A common stock of Haskel and 100% of the
outstanding shares of Class B common stock of Haskel were validly tendered.
HI Holdings Inc., through its wholly-owned subsidiary, HI Merger
Subsidiary Inc., has accepted for purchase all shares validly tendered and not
withdrawn pior to the expiration of the tender offer. The acceptance of these
shares results in HI Holdings Inc.'s ownership of in excess of 90% of each
class of Haskel's outstanding common stock. The shares tendered will be
purchased in accordance with the terms of the tender offer. Payment for the
tendered shares is scheduled for April 23, 1999.
In the second step of the transaction, HI Merger Subsidiary Inc. will
be merged with and into Haskel and each Haskel share not previously purchased
in the tender offer will be converted into the right to recieve $12.90 in cash
without interest. The merger will be completed as soon as practicable.
Further information regarding acceptance and payment for tendered
shares is available from the Depositary, American Stock Transfer & Trust
Company at (718) 921-8200 or (800) 937-5449.
