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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)
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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
853711 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
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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. 2 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 (c) of Item 10 is supplemented as follows:
On November 29, 1999, CP was notified by the FTC that the FTC had
granted early termination of the HSR waiting period relating to the Offer.
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
EXHIBIT NUMBER DESCRIPTION
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Exhibit (a)(10) Text of Press Release of CP dated November 30, 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: November 30, 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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EXHIBIT INDEX
DESCRIPTION
EXHIBIT NUMBER DESCRIPTION
- -------------- -----------
(a)(10) Text of Press Release of CP dated November 30, 1999.
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EXHIBIT (A)(10)
FTC CLEARS CEMENTOS PORTLAND'S OFFER FOR GIANT CEMENT SHARES
FOR IMMEDIATE RELEASE - Madrid, Spain and New York, NY (November 30, 1999)
Cementos Portland, S.A. announced today that the U.S. Federal Trade Commission
has granted early termination of the Hart-Scott-Rodino waiting period relating
to its acquisition of Giant Cement Holding, Inc. Therefore, completion of the
tender offer is no longer subject to any regulatory approvals.
Cementos Portland's cash tender offer for all outstanding shares of Giant common
stock at $31.00 net per share is scheduled to expire at midnight (New York time)
on December 9, 1999. Cementos Portland will accept for payment all shares of
Giant common stock validly tendered prior to the expiration date, subject to
satisfaction of the remaining customary conditions of the tender offer.
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