SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
------------------------------------
SCHEDULE 13E-4/A
(Amendment No. 1)
Issuer Tender Offer Statement
(Pursuant to Section 13(e)(1) of the Securities Exchange Act of 1934)
MAXCOR FINANCIAL GROUP INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
MAXCOR FINANCIAL GROUP INC.
- --------------------------------------------------------------------------------
(Name of Person(s) Filing Statement)
(1) Redeemable Common Stock Purchase Warrants
(2) Series B Redeemable Common Stock Purchase Warrants
- --------------------------------------------------------------------------------
(Title of Class of Securities)
(1) 57772G 118
(2) 57772G 126
- --------------------------------------------------------------------------------
(CUSIP Number of Class of Securities)
Roger E. Schwed, Esq.,
General Counsel
Maxcor Financial Group Inc.
Two World Trade Center, 84th Floor
New York, New York 10048
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications on Behalf of the Person(s) Filing Statement)
October 16, 1997
- --------------------------------------------------------------------------------
(Date Tender Offer First Published, Sent or Given to Security Holders)
Page 1 of 5 pages
The Exhibit Index is on Page 4
1
<PAGE>
This Amendment No. 1 amends and supplements the Issuer Tender Offer
Statement on Schedule 13E-4 (the "Statement") filed electronically on October
16, 1997 with the Securities and Exchange Commission by Maxcor Financial Group
Inc. ("Company") in connection with its offer to issue shares of its Common
Stock in exchange for all of the outstanding Redeemable Common Stock Purchase
Warrants and Series B Redeemable Common Stock Purchase Warrants of the Company
upon the terms and subject to the conditions set forth in the Company's
prospectus dated October 16, 1997 and related Exchange Offer materials.
This Amendment is being filed to report the Company's issuance today of a
Press Release, the text of which is attached hereto as an Exhibit and which is
incorporated herein by reference. Only those items of the Statement that are
amended and supplemented hereby are included herein. Unless otherwise defined
herein, all capitalized terms shall have the same meanings ascribed to them in
the Statement.
Item 9. MATERIAL TO BE FILED AS EXHIBITS.
Item 9 of the Statement is hereby amended and supplemented by
adding the following information:
(a)(ix) Text of Press Release dated October 29, 1997.
2
<PAGE>
SIGNATURE
After due inquiry and to the best of the undersigned's knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
MAXCOR FINANCIAL GROUP INC.
By: /s/ Gilbert Scharf
------------------------------
Gilbert Scharf
Chairman of the Board, Chief Executive
Officer and President
Date: October 29, 1997
3
<PAGE>
EXHIBIT INDEX
Exhibit No. Description Page
99.9(a)(ix) Text of Press Release dated October 29, 1997 5
4
<PAGE>
EXHIBIT 99.9(a)(ix)
FOR IMMEDIATE RELEASE Maxcor Financial
----------------------------
Contact:
Maxcor Financial Group Inc.
Two World Trade Center, 84th Floor
New York, NY 10048
(212) 748-7000, Gilbert Scharf
EURO BROKERS MAXCOR INC. CLOSES EMERGING MARKET DESKS
EARLY TO CATCH UP WITH UNPRECEDENTED TRADE VOLUME
New York, October 29, 1997 - Euro Brokers Maxcor Inc., a
registered broker-dealer and wholly-owned subsidiary of Maxcor Financial Group
Inc. (NASDAQ: MAXF), announced to its customers this morning that it would close
its emerging market desks earlier than usual today, at 1:00 p.m. (EST), to
enable its brokers and back-office personnel to catch-up with the record volume
of orders that began last week. Euro Brokers said that its trading volume in
emerging market debt had increased more than five-fold over normal trading
volume and that the price volatility associated with that increase has also been
unprecedented. The early closing will not effect any of the other desks
maintained by Euro Brokers or its affiliates in other areas, such as money
market instruments, derivative products, energy products, other fixed income
securities or repurchase agreements, all of which will remain open for business
as usual.
Gilbert Scharf, Chief Executive Officer of Maxcor Financial
Group, emphasized that "The early close of trading at our emerging market desks
today is simply prudent management. The extraordinarily high volumes of trading
have necessarily introduced delays in the trade instruction and confirmation
process that are unacceptable. Rather than continue to add to the volume and
potentially exacerbate the delays, we have asked our customers to trade away
from us for the balance of the day so we can focus all our resources on
completing the matching and confirmation process on existing trades. We expect
to complete this process overnight. In the meantime, we have asked for and
received the support and understanding of our customers, who, in struggling with
record trade volumes of their own, have indicated their appreciation of the need
for the temporary shutdown and catch-up period."
Maxcor Financial Group Inc. is a financial services holding
company. Through its Euro Brokers subsidiaries, it is a leading domestic and
international inter-dealer brokerage firm operating from principal offices in
New York, London, Tokyo, Toronto, Sydney and Mexico City. The Company employs
approximately 700 professionals and services a wide range of multinational
banks, securities dealers and other financial institutions.
5
<PAGE>
