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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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AMENDMENT NO. 1
TO SCHEDULE 14D-1
Tender Offer Statement
Pursuant to Section 14(d)(1) of the Securities Exchange Act of 1934
and
AMENDMENT NO. 2
TO STATEMENT ON
SCHEDULE 13D
Under the Securities Exchange Act of 1934
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FORE Systems, Inc.
(Name of Subject Company)
GEC Acquisition Corp.
GEC Incorporated
The General Electric Company, p.l.c.
(Not Affiliated with the U.S. Based Corporation With a Similar Name)
(Bidders)
Common Stock, Par Value $.01 Per Share
(Title of Class of Securities)
34 5449 102
(CUSIP Number of Class of Securities)
Patricia A. Hoffman
GEC Incorporated
1500 Mittel Boulevard
Wood Dale, IL 60191-1073
(c/o Videojet Systems International, Inc.)
(630) 238-3995
(Name, Address and Telephone Number of Persons Authorized
to Receive Notices and Communications on Behalf of Bidders)
Copies To:
Philip A. Gelston, Esq. Jeffrey I. Gordon, Esq.
Cravath, Swaine & Moore Mayer, Brown & Platt
Worldwide Plaza Bucklersby House
825 Eighth Avenue 3 Queen Victoria Street
New York, NY 10019 London EC4N 8EL
Telephone: (212) 474-1000 ENGLAND
Telephone: (011) 44-171-6200
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<PAGE>
CUSIP No. 34 5449 102
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
GEC Acquisition Corp.
- ------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC Use Only
- ------------------------------------------------------------------------------
4. Source of Funds
AF
- ------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Delaware
- ------------------------------------------------------------------------------
7. Sole Voting Power
Number of
Shares -----------------------------------------------------------
Beneficially 8. Shared Voting Power
Owned by 28,118,876
Each -----------------------------------------------------------
Reporting 9. Sole Dispositive Power
Person
With -----------------------------------------------------------
10. Shared Dispositive Power
28,118,876
- ------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
28,118,876
- ------------------------------------------------------------------------------
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
(See Instructions)
- ------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
Approximately 24.13% of the Common Stock Outstanding
- ------------------------------------------------------------------------------
14. Type of Reporting Person
CO
- ------------------------------------------------------------------------------
2
<PAGE>
CUSIP No. 34 5449 102
- ------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
GEC Incorporated
- ------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC Use Only
- ------------------------------------------------------------------------------
4. Source of Funds
BK
- ------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Delaware
- ------------------------------------------------------------------------------
7. Sole Voting Power
Number of
Shares -----------------------------------------------------------
Beneficially 8. Shared Voting Power
Owned by 28,118,876
Each -----------------------------------------------------------
Reporting 9. Sole Dispositive Power
Person
With -----------------------------------------------------------
10. Shared Dispositive Power
28,118,876
- ------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
28,118,876
- ------------------------------------------------------------------------------
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
(See Instructions)
- ------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
Approximately 24.13% of the Common Stock
- ------------------------------------------------------------------------------
14. Type of Reporting Person
CO
- ------------------------------------------------------------------------------
3
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CUSIP No. 34 5449 102
- ------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The General Electric Company, p.l.c.
- ------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC Use Only
- ------------------------------------------------------------------------------
4. Source of Funds
BK,OO
- ------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. Citizenship or Place of Organization
England
- ------------------------------------------------------------------------------
7. Sole Voting Power
Number of
Shares -----------------------------------------------------------
Beneficially 8. Shared Voting Power
Owned by 28,118,876
Each -----------------------------------------------------------
Reporting 9. Sole Dispositive Power
Person
With -----------------------------------------------------------
10. Shared Dispositive Power
28,118,876
- ------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
28,118,876
- ------------------------------------------------------------------------------
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
(See Instructions)
- ------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
Approximately 24.13% of the Common Stock Outstanding
- ------------------------------------------------------------------------------
14. Type of Reporting Person
CO
- ------------------------------------------------------------------------------
4
<PAGE>
GEC Acquisition Corp. (the "Purchaser"), GEC Incorporated ("Parent")
and The General Electric Company, p.l.c. ("GEC, p.l.c.") hereby amend and
supplement their combined Tender Offer Statement on Schedule 14D-1 and
Amendment No. 1 Statement on Schedule 13D originally filed on April 30, 1999
(the "Statement"), with respect to an offer (the "Offer") to purchase by the
Purchaser for all outstanding shares of common stock, $0.01 par value, of FORE
Systems, Inc. a Delaware corporation (the "Company"), on the terms described
in the Offer to Purchase dated April 30, 1999. Capitalized terms not defined
herein have the meanings assigned thereto in the Statement.
ITEM 10. ADDITIONAL INFORMATION
Item 10(f) of the Schedule 14D-1 is hereby amended and supplemented
by restating the second sentence of the first paragraph of Section 14 "Certain
Conditions of the Offer" of the Offer to Purchase incorporated therein by
reference as follows:
"Furthermore, notwithstanding any other term of the Offer or
the Merger Agreement, the Purchaser shall not be required to accept
for payment, or subject as aforesaid, pay for any Shares not
theretofore accepted for payment or paid for, and may terminate or
amend the Offer, with the consent of the Company or if, at any time
on or after the date of the Merger Agreement and prior to the
Expiration Date, any of the following conditions exists:"
Item 10(f) of the Schedule 14D-1 is hereby further amended and
supplemented by adding the following to the Offer to Purchase
incorporated therein by reference:
"The Company has informed GEC, p.l.c. that three actions have
been filed in the Court of Chancery of the State of Delaware against
the Company. Certain current and former directors of the Company
have also been named as defendants. The complaints applicable to
these actions purport to assert claims on behalf of all persons,
other than the defendants, who own securities of the Company. The
complaints allege that the individual defendants breached their
fiduciary duties to the Company's public stockholders and violated
Delaware law as a result of the grant of certain options to senior
executives of the Company. The complaints seek class certification
and other relief, including a declaration that the grant of such
options was improper, an award to class members of their
proportionate interest in the payment to the holders of such
options, a direction to the holders of such options to hold the
payment with respect thereto in a constructive trust for the benefit
of the class, and an award of costs and disbursements of the action,
including attorneys' fees. Similar claims may be made in the future.
On May 19, 1999, an action was filed in the U.S. District Court
for the Western District of Pennsylvania against GEC, p.l.c., the
Company and certain senior executives of the Company. The complaint
applicable to this action purports to assert claims on behalf of the
public stockholders of the Company, other than defendants and their
respective affiliates and representatives. The complaint alleges
that the defendants violated the federal securities laws and the
common law of Pennsylvania as a result of the grant of these options
following commencement of discussions between GEC, p.l.c. and the
Company, regarding the sale of the Company. The complaint seeks
class certification, an award of damages resulting from the alleged
violations of the federal securities laws, an award of attorneys'
fees and other fees and disbursements and other relief, including
barring these executives from further participation in a public
corporation. GEC, p.l.c. intends to contest this and any other
action vigorously."
5
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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: May 24, 1999
GEC ACQUISITION CORP.,
By /s/ JOHN C. MAYO
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Name: John C. Mayo
Title: President
GEC INCORPORATED,
By /s/ MICHAEL LESTER
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Name: Michael Lester
Title: Director
THE GENERAL ELECTRIC COMPANY, P.L.C.,
By /s/ JOHN C. MAYO
-------------------------
Name: John C. Mayo
Title: Director
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