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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. 4)
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GIANT CEMENT HOLDING, INC.
(NAME OF SUBJECT COMPANY)
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CP ACQUISITION, INC.
CEMENTOS PORTLAND, S.A.
(BIDDERS)
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COMMON STOCK, $0.01 PAR VALUE
(TITLE OF CLASS OF SECURITIES)
374450104
(CUSIP NUMBER OF COMMON STOCK)
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MANUEL DE MELGAR Y OLIVER
DIRECTOR GENERAL CORPORATIVO
CEMENTOS PORTLAND, S.A.
JOSE ABASCAL, 59
28003 MADRID, SPAIN
011-34-91-396-0100
(NAME ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO
RECEIVE NOTICES AND COMMUNICATIONS ON BEHALF OF BIDDERS)
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COPIES TO:
ANDREW C. CULBERT, ESQ. ELLEN J. ODONER, ESQ.
MASTERMAN, CULBERT & TULLY LLP WEIL, GOTSHAL & MANGES LLP
ONE LEWIS WHARF 767 FIFTH AVENUE
BOSTON, MASSACHUSETTS 02110 NEW YORK, NEW YORK 10153
<PAGE>
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CUSIP NO. 374450104
- ----------------------------------------
- ------ ------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CP Acquisition, Inc.
- ------ ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a) [X]
(b) [ ]
- ------ ------------------------------------------------------------------------
3 SEC USE ONLY
- ------ ------------------------------------------------------------------------
4 SOURCES OF FUNDS (See Instructions)
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(E) OR 2(F)
N/A [ ]
- ------ ------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,551,288 including 39,035 tendered by means of guaranteed delivery
- ------ ------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 7 EXCLUDES CERTAIN SHARES
(See Instructions)
N/A [ ]
- ------ ------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 7
98%
- ------ ------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON (See Instructions)
CO
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2
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CUSIP NO. 374450104
- ----------------------------------------
- ------ ------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CEMENTOS PORTLAND, S.A.
- ------ ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a) [X]
(b) [ ]
- ------ ------------------------------------------------------------------------
3 SEC USE ONLY
- ------ ------------------------------------------------------------------------
4 SOURCES OF FUNDS (See Instructions)
BK, WC
- ------ ------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(E) OR 2(F)
N/A [ ]
- ------ ------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Kingdom of Spain
- ------ ------------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,551,288 including 39,035 tendered by means of guaranteed delivery
- ------ ------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 7 EXCLUDES CERTAIN SHARES
(See Instructions)
N/A [ ]
- ------ ------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 7
98%
- ------ ------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON (See Instructions)
CO
- ------ ------------------------------------------------------------------------
3
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This Amendment No. 4 amends and supplements the Tender
Offer Statement on Schedule 14D-1 filed on November 10, 1999, as amended, by CP
Acquisition, Inc., a Delaware corporation (the "BIDDER") and a wholly-owned
subsidiary of Cementos Portland, S.A., a public company (sociedad anonima)
organized under the laws of the Kingdom of Spain ("CP") with respect to the
offer by Bidder to purchase for cash all shares of Common Stock, $0.01 par value
(the "SHARES"), of Giant Cement Holding, Inc. (the "COMPANY"), a Delaware
corporation.
ITEM 10. ADDITIONAL INFORMATION.
Clause (f) of Item 10 is supplemented as follows:
The Offer expired at 12:00 midnight, New York City time, on Thursday,
December 9, 1999. Bidder accepted for payment 8,551,288 Shares, including 39,035
Shares tendered by means of guaranteed delivery. As a result of the Offer,
Bidder now owns approximately 98% of the Company's approximately 8,731,562
outstanding shares and intends promptly to complete the acquisition by means of
a second-step merger in which the remaining shareholders of the Company will
receive $31.00 net per share in cash. On December 10, 1999, CP issued a press
release, the text of which is set forth as Exhibit (a)(11) hereto, and is
incorporated by reference herein.
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
EXHIBIT NUMBER DESCRIPTION
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Exhibit (a)(11) Text of Press Release of CP dated December 10, 1999.
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SIGNATURES
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: December 10, 1999
CP ACQUISITION, INC.
By: /s/ MANUEL DE MELGAR Y OLIVER
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Name: Manuel de Melgar y Oliver
Title: Vice President
CEMENTOS PORTLAND, S.A.
By: /s/ MANUEL DE MELGAR Y OLIVER
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Name: Manuel de Melgar y Oliver
Title: Director General Corporativo
(Managing Director)
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<PAGE>
EXHIBIT INDEX
EXHIBIT NUMBER DESCRIPTION
- -------------- -----------
Exhibit (a)(11) Text of Press Release of CP dated December 10, 1999.
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EXHIBIT (A)(11)
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FOR IMMEDIATE RELEASE
CEMENTOS PORTLAND, S.A.
TENDER OFFER FOR GIANT CEMENT HOLDING, INC.
SUCCESSFULLY COMPLETED
NEW YORK AND MADRID (December 10, 1999) - - Cementos Portland, S.A. ("CP")
announces the successful completion of its tender offer to purchase all of the
outstanding shares of common stock of Giant Cement Holding, Inc. (Nasdaq/NM:
GCHI) ("Giant") at US $31.00 net per share in cash.
The tender offer expired at 12:00 midnight, New York City time, on Thursday,
December 9, 1999. CP accepted for payment over 8.5 million shares of Giant's
common stock.
As a result of the tender offer, CP now owns approximately 98% of Giant's
approximately 8.7 million outstanding shares of common stock. CP intends
promptly to complete the acquisition by means of a second-step merger in which
the remaining shareholders of the Company will receive US $31.00 net per share
in cash.
The United States Department of Justice has approved the transaction.
FOR ADDITIONAL INFORMATION, CONTACT: MANUEL DE MELGAR Y OLIVER AT (011-3491)
396-0100 IN MADRID, SPAIN OR TERRY KINDER AT (843) 851-9898 IN THE UNITED
STATES.
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