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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. 3)
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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
855251 v.1
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CUSIP NO. 374450104
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- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CP Acquisition, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a)[X]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
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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
None
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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
N/A
- --------------------------------------------------------------------------------
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
None
- --------------------------------------------------------------------------------
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
N/A
- --------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON (See Instructions)
CO
- --------------------------------------------------------------------------------
3
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This Amendment No. 3 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 anunima)
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 amended as follows:
The first sentence of Section 1 of Exhibit (a)(1) -- Offer to
Purchase, is amended and restated in its entirety as follows:
"Upon the terms and subject to the satisfaction or waiver
of the conditions to the Offer prior to the Expiration Date
(including if the Offer is extended or amended as required
or permitted by the Merger Agreement, the terms and
conditions of any such extension or amendment), the
Purchaser will accept for payment and thereby purchase all
Shares validly tendered and not withdrawn in accordance
with the procedures described in Section 4 on or prior to
the Expiration Date (as hereinafter defined)."
The remainder of Section 1 of the Offer to Purchase shall remain
unchanged.
The first paragraph of Section 2 of Exhibit (a)(1) -- Offer to
Purchase, is amended and restated in its entirety as follows:
"Upon the terms and subject to the satisfaction or waiver
of the conditions to the Offer prior to the Expiration Date
(including, if the Offer is extended or amended in
accordance with the Merger Agreement, the terms and
conditions of the Offer as so extended or amended),
Purchaser will purchase, by accepting for payment, and will
pay for, all Shares validly tendered and not withdrawn (as
permitted by Section 4) prior to the Expiration Date,
promptly after the Expiration Date. In addition, subject to
applicable rules of the Commission, Purchaser expressly
reserves the right to delay acceptance for payment of, or
payment for, Shares pending receipt of any regulatory or
governmental approvals specified in Section 15."
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The remainder of Section 2 of the Offer to Purchase shall remain
unchanged.
The last two sentences of the second paragraph of the "Other
Financial Information" subsection of Section 8 of Exhibit (a)(1) -- Offer to
Purchase, are amended and restated in their entirety as follows:
"None of Parent, Purchaser nor Parent's Financial Advisor
assumes any responsibility for the validity,
reasonableness, accuracy or completeness of the projections
and the Company has made no representation to Parent or
Purchaser regarding the forecasts described above. The
forecasts have not been adjusted to reflect the effects of
the offer and the Merger."
The first paragraph of Section 15 of Exhibit (a)(1) -- Offer to
Purchase, is amended and restated in its entirety as follows:
"Notwithstanding any other provision in the Offer or the
Merger Agreement, Purchaser shall not be required to accept
for payment or, subject to Rule 14e-1(c) of the Exchange
Act (relating to the Purchaser's obligation to pay for or
return tendered securities promptly after termination or
withdrawal of the Offer), pay for and may postpone the
acceptance of any payment for the Shares, and Purchaser may
terminate or amend the Offer if (i) at the Expiration Date,
the Minimum Condition has not been satisfied or (ii) prior
to the Expiration Date, any of the following conditions has
occurred and continues to occur:"
The remainder of Section 15 of the Offer to Purchase, including
subparagraphs (a) through (d) thereof, shall remain unchanged.
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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 2, 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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