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Page 1 of 13 Pages
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Tower Automotive, Inc.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
891 707 101
--------------------------------------------
(CUSIP Number)
Exhibit Index on page 11
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CUSIP No. 891 707 101 13G
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NAME OF REPORTING PERSONS
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
OMI Quebec FCI LLC
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
2 (b) |_|
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SEC USE ONLY
3
- --------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
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NUMBER OF SOLE VOTING POWER
5
SHARES None
--------------------------------------------------
BENEFICIALLY SHARED VOTING POWER
6
OWNED BY 685,000 (includes 185,000 shares over which
Onex Corporation has voting control pursuant
EACH to proxies executed in its favor)
-------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
7
PERSON None
--------------------------------------------------
WITH SHARED DISPOSITIVE POWER
8
685,000 (includes 185,000 shares over which
Onex Corporation has voting control pursuant
to proxies executed in its favor)
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
685,000 (includes 185,000 shares over which Onex Corporation
has voting control pursuant to proxies executed in its
favor)
- --------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10 |_|
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
3.0%.
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TYPE OF REPORTING PERSON*
12
CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 891 707 101 13G
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NAME OF REPORTING PERSONS
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
ONEX CORPORATION
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
2 (b) |_|
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Ontario, Canada
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NUMBER OF SOLE VOTING POWER
5
SHARES None
--------------------------------------------------
BENEFICIALLY SHARED VOTING POWER
6
OWNED BY 685,000 (includes 185,000 shares over which
Onex Corporation has voting control pursuant
EACH to proxies executed in its favor)
-------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
7
PERSON None
--------------------------------------------------
WITH SHARED DISPOSITIVE POWER
8
685,000 (includes 185,000 shares over which
Onex Corporation has voting control pursuant
to proxies executed in its favor)
- --------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
685,000 (includes 185,000 shares over which Onex Corporation
has voting control pursuant to proxies executed in its
favor)
- --------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10 |_|
- --------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
3.0%.
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TYPE OF REPORTING PERSON*
12
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 891 707 101 13G
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NAME OF REPORTING PERSONS
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Gerald W. Schwartz
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
2 (b) |_|
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Canada
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NUMBER OF SOLE VOTING POWER
5
SHARES None
--------------------------------------------------
BENEFICIALLY SHARED VOTING POWER
6
OWNED BY 685,000 (includes 185,000 shares over which
Onex Corporation has voting control pursuant
EACH to proxies executed in its favor)
-------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
7
PERSON None
--------------------------------------------------
WITH SHARED DISPOSITIVE POWER
8
685,000 (includes 185,000 shares over which
Onex Corporation has voting control pursuant
to proxies executed in its favor)
- --------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
685,000 (includes 185,000 shares over which Onex Corporation
has voting control pursuant to proxies executed in its
favor)
- --------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10 |_|
- --------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
3.0%.
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TYPE OF REPORTING PERSON*
12
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 891 707 101 13G
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NAME OF REPORTING PERSONS
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Onex DHC LLC
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
2 (b) |_|
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SEC USE ONLY
3
- --------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Wyoming
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NUMBER OF SOLE VOTING POWER
5
SHARES None
--------------------------------------------------
BENEFICIALLY SHARED VOTING POWER
6
OWNED BY 0
--------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING None
--------------------------------------------------
PERSON SHARED DISPOSITIVE POWER
8
WITH 0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
0
- --------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10 |_|
- --------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
0.0%
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TYPE OF REPORTING PERSON*
12
00
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 6
Page 6 of 13 Pages
Item 1(a) Name of Issuer:
Tower Automotive, Inc. (the "Company")
Item 1(b) Address of Issuer's Principal Executive Offices:
4508 IDS Center
Minneapolis, MN 55402
Item 2(a) Name of Person Filing:
Onex Corporation ("Onex")
Gerald W. Schwartz
Onex DHC LLC ("Onex DHC")
OMI Quebec FCI LLC ("FCI")
Onex, Mr. Schwartz, Onex DHC and FCI are filing the
statement jointly, pursuant to the provisions of Rule
13d-1(f)(1) under the Securities Exchange Act of 1934, as
amended, as separate persons and not as members of a
group. See Exhibit 1 for their Joint Filing Agreement.
Item 2(b) Address of Principal Business Office or, if none,
Residence:
The address for the principal business office of each of
Onex and Gerald W. Schwartz is:
161 Bay Street
P.O. Box 700
Toronto, Ontario CANADA
M5J 2S1
The address of the principal business office of Onex DHC
and FCI is:
421 Leader Street
Marion, Ohio 43302
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Page 7 of 13 Pages
Item 2(c) Citizenship:
Gerald W. Schwartz is a citizen of Canada. Onex is an
Ontario, Canada corporation. Onex DHC is a Wyoming limited
liability company. FCI is a Delaware limited liability
company.
Item 2(d) Title of Class of Securities:
Common Stock, $.01 par value per share.
Item 2(e) CUSIP No.:
891 707 101
Item 3 If this statement is filed pursuant to Rules 13d-1(b),
or 13d-2(b), check whether the person filing is a:
This statement is not filed pursuant to Rules 13d-1(b) or
13d-2(b).
Item 4 Ownership:
(a) Amount Beneficially Owned:
685,000 (includes 185,000 shares over which Onex has
voting control pursuant to proxies executed in its favor)
(b) Percent of Class:
3.0%
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Page 8 of 13 Pages
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
685,000 (includes 185,000 shares over which Onex has
voting control pursuant to proxies executed in its favor)
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared Power to dispose or to direct the disposition of:
685,000 (includes 185,000 shares over which a wholly-owned
subsidiary of Onex has voting control pursuant to proxies
executed in its favor)
FCI is the direct beneficial owner of 500,000 of the shares of
Common Stock reported. Onex, as the indirect owner of the equity
of FCI, is an indirect beneficial owner of all such shares. Mr.
Schwartz is the indirect holder of all the issued and outstanding
Multiple Voting Shares of Onex, which are entitled to elect sixty
percent (60%) of the members of Onex's Board of Directors and
carry such number of votes in the aggregate as represents 60% of
the aggregate votes attached to all voting shares of Onex and is
thus an indirect beneficial owner of the shares reported. Onex
DHC has disposed of all of its shares of Common Stock. On April
18, 1997, FCI purchased 500,000 shares of Common Stock in
connection with the public offering of such shares. Certain
stockholders of the Company, owning 185,000 shares of Common
Stock, have granted to Onex a proxy to vote their shares in the
same manner as Onex. As a result of such voting arrangement,
each of the signatories to this statement may be deemed to be a
member of a group that beneficially owns all the shares
beneficially owned by the members of such group. Each of the
signatories to this statement disclaims membership in such group.
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Page 9 of 13 Pages
Item 5 Ownership of Five Percent or Less of a Class:
--------------------------------------------
This statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities.
Item 6 Ownership of More Than Five Percent on Behalf of
Another Person:
------------------------------------------------
No other person has the right to receive or the power to direct
the receipt of dividends from, or the proceeds from the sale of,
the shares reported hereunder.
Item 7 Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company:
-------------------------------------------------------------
Not applicable
Item 8 Identification and Classification of Members of the Group:
---------------------------------------------------------
Not applicable
Item 9 Notice of Dissolution of Group:
-------------------------------
Not applicable
Item 10 Certification:
--------------
Not applicable
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Page 10 of 13 Pages
SIGNATURE
After reasonable 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.
Date: January 30, 1998
ONEX CORPORATION
By: /s/ Donald W. Lewtas
--------------------------------
Name: Donald W. Lewtas
Title: Authorized Signatory
/s/ Donald W. Lewtas
------------------------------------
Authorized signatory for
Gerald W. Schwartz
ONEX DHC LLC
By: /s/ Donald F. West
--------------------------------
Name: Donald F. West
Title: Authorized Signatory
OMI QUEBEC FCI LLC
By: /s/ Donald F. West
--------------------------------
Name: Donald F. West
Title: Authorized Signatory
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Page 11 of 13 Pages
Index to Exhibits
-----------------
Page No. in
Sequential
Exhibit Numbering System
- ------- ----------------
1. Joint Filing Agreement, dated January 30, 1998, among
Onex DHC, FCI, Onex and Mr. Schwartz.
2. Power of Attorney incorporated by reference to the Amendment to Form 4
relating to Dura Automotive Systems, Inc., filed with the Securities and
Exchange Commission by Onex on September 10, 1996.
3. Power of Attorney incorporated by reference to the Amendment to Form 4
relating to Dura Automotive Systems, Inc., filed with the Securities and
Exchange Commission by Mr. Schwartz on September 10, 1996.
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Page 13 of 13 Pages
Exhibit 1
AGREEMENT
JOINT FILING OF SCHEDULE 13G
The undersigned hereby agree to file jointly Amendment No. 3 to the
Statement on Schedule 13G (the "Statement") relating to the Common Stock, $.01
par value per share, of Tower Automotive, Inc., and any further amendments
thereto which may be deemed necessary pursuant to Regulation 13D or G
promulgated under Section 13 of the Securities Exchange Act of 1934, as amended.
It is understood and agreed that a copy of this Agreement shall be
attached as an exhibit to the Statement, filed on behalf of each of the parties
hereto.
This Agreement may be executed in multiple counterparts, each of
which shall constitute an original, one and the same instrument.
IN WITNESS WHEREOF, each of the undersigned has executed this
Agreement as of the 30 day of January, 1998.
ONEX DHC LLC
By: /s/ Donald F. West
----------------------------------------
Name: Donald F. West
Title: Authorized Signatory
ONEX CORPORATION
By: /s/ Donald W. Lewtas
----------------------------------------
Name: Donald W. Lewtas
Title: Authorized Signatory
/s/ Donald W. Lewtas
--------------------------------------------
Authorized Signatory for
GERALD SCHWARTZ
OMI QUEBEC FCI LLC
By: /s/ Donald F. West
----------------------------------------
Name: Donald F. West
Title: Authorized Signatory
