ALLIED DIGITAL TECHNOLOGIES CORP
PRE13E3, 1998-05-29
PHONOGRAPH RECORDS & PRERECORDED AUDIO TAPES & DISKS
Previous: ALLIED DIGITAL TECHNOLOGIES CORP, PREM14A, 1998-05-29
Next: FIRST TRUST COMBINED SERIES 242, 485BPOS, 1998-05-29




<PAGE>


                      SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                 SCHEDULE 13E-3
                        Rule 13e-3 Transaction Statement
       (Pursuant to Section 13(e) of the Securities Exchange Act of 1934)

                        ALLIED DIGITAL TECHNOLOGIES CORP.
                                (Name of Issuer)

                        Allied Digital Technologies Corp.
                        (Name of Person Filing Statement)

Common Stock, Par Value $0.01 Per Share               38-3191597    
(Title of Class of Securities)           (I.R.S. Employer Identification Number)

                             Chief Executive Officer
                        Allied Digital Technologies Corp.
                                 140 Fell Court
                            Hauppauge, New York 11788
      (Name, Address and Telephone Number of Persons Authorized to Receive
        Notices and Communications on Behalf of Person Filing Statement)

                                 with copies to:

Frederick R. Cummings, Jr., Esq.                    Philip H. Werner, Esq.
Warshaw Burstein Cohen Schlesinger & Kuh, LLP       Morgan, Lewis & Bockius LLP
555 Fifth Avenue                                    101 Park Avenue
New York, New York  10017                           New York, New York  10178

     This statement is filed in connection with (check the appropriate box):

(a) /X/  The filing of solicitation materials or an information statement to
         Regulation 14A [17 CFR 240.14a-1 to 240.14a-103] Regulation 14C [17 CFR
         240.14c-1 to 240.14c-101] or Rule 13e-3(c) [240.13e-3(c)] under the
         Securities Exchange Act of 1934.

(b) / /  The filing of a registration statement under the Securities Act of 
         1933. 

(c) / /  A tender offer.

(d) / /  None of the above.

Check the following box if soliciting materials or information statement 
referred to in checking box (a) are preliminary copies.    /X/

                                --------------

<PAGE>

                         CALCULATION OF REGISTRATION FEE

- --------------------------------------------------------------------------------

  Transaction                                                     Amount of
  Valuation                                                      Filing fee

- --------------------------------------------------------------------------------

  $ *63,777,061                                                  $12,755.42

- --------------------------------------------------------------------------------

         Allied Digital Technologies Corp., a Delaware corporation (referred to
herein as " ADT" or the "Company"), hereby submits its Rule 13e-3 Transaction
Statement on Schedule 13E-3 (the "Schedule 13E-3"). The Schedule 13E-3 relates
to a proposed Agreement and Plan of Merger, dated as of May 5, 1998 (the
"Merger Agreement"), by and between the Company and Analog Acquisition Corp.
("AAC"), a Delaware corporation, pursuant to which AAC will be merged with and
into the Company (the "Merger"). Under the terms of the Merger Agreement, which
is subject to majority shareholder approval, each Share (or fraction thereof)
issued and outstanding immediately prior to the Effective Time (as defined
below) (other than any Shares to be canceled (as described below), any Shares to
remain outstanding (as described below) and any Dissenting Shares (as defined in
the Merger Agreement), shall be canceled and shall be converted automatically
into the right to receive an amount equal to $5.00 in cash payable, without
interest, to the holder of such Share, upon surrender of the Certificate that
formerly evidenced such Share. 74,998 of the Shares held by and registered in
the names of certain ADT Stockholders immediately prior to the Effective Time
who are members of management of the Company shall not be canceled but shall
remain outstanding and become shares of Class A common stock, $.01 par value per
share, of the Surviving Corporation ("Class A Common Stock"). In addition, all
of (a) the issued and outstanding shares of common stock, par value $.01 per
share, of AAC, (b) the issued and outstanding shares of preferred stock, par
value $.01 per share, of AAC, and (c) 1,100,110 Shares of ADT Common Stock held
by and registered in the name of 399, shall be converted into 74,000 shares of
Class A common stock, 351,000 shares of Class B common stock, $.01 par value per
share, of the Surviving Corporation and 165,000 shares of Series A Preferred
Stock, par value $.01 per share, of the Surviving Corporation. The Merger will
become effective at such time as the certificate of merger is duly filed with
the Secretary of State of the State of Delaware or at such later time as is
specified in the certificate of merger (the "Effective Time"). From and after
the Effective Time, the Surviving Corporation will possess all the rights,
privileges, powers and franchises and be subject to all of the restrictions,
disabilities and duties of ADT and AAC, all as provided under Delaware Law. The
Merger is subject to customary conditions, including the approval and adoption
of the Merger Agreement by the affirmative vote of a majority of the
stockholders of ADT.

- --------
*    For purposes of calculation of fee only, this amount is based on (i)
     13,623,394 (the number of shares of Company Common Stock outstanding as

     of May 28, 1998) minus 1,175,108 (the number of Shares of Company Common
     Stock to be exchanged for Surviving Corporation Common Stock) multiplied by
     $5.00 (the cash consideration per Share), plus (ii) $1,535,631 (the cash
     consideration to be paid for the options being surrendered in connection
     with the transaction), which sum has been multiplied by 1/50 of one
     percent. As permitted by Rule 0-11(a) under the Securities Exchange Act of
     1934, the amount previously paid by the Company indicated below has been 
     subtracted, leaving a balance of $0. 

/X/  Check box if any part of the fee is offset by Rule 0-11(a)(2) and identify 
     the filing with which the offsetting fee was previously paid. Identify the 
     previous filing by registration statement number, or the form or schedule 
     and the date of its filing.

Amount Previously Paid:  $12,755.42.
Form or Registration No.: Proxy Statement on Schedule 14A (File No. __).
Filing Party: Allied Digital Technologies Corp. 
Date Filed: May 29, 1998

                                        2

<PAGE>

         This Schedule 13E-3 is intended to satisfy the reporting requirements
of Section 13(e) of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"). The Proxy Statement was filed by the Company with the
Securities and Exchange Commission (the "Commission") immediately prior to the
filing of this Schedule 13E-3.

         The cross reference sheet below is being supplied pursuant to General
Instruction F to Schedule 13E-3 and shows the location in the Proxy Statement,
filed by the Company with the Securities and Exchange Commission on the date
hereof, of the information required to be included in response to the items of
this Schedule 13E-3. The information in the Proxy Statement, including all
exhibits thereto, is hereby expressly incorporated herein by reference and the
responses to each item in this Schedule 13E-3 are qualified in their entirety by
the provisions of the Proxy Statement.

                                        3

<PAGE>

                              CROSS REFERENCE SHEET

Item in                                    Where located in
Schedule 13E-3                             Proxy Statement
- --------------                             ---------------
Item 1(a)................................. Cover Page; SUMMARY --  Allied 


Item 1(b)................................. QUESTIONS AND ANSWERS ABOUT
                                           THE MERGER -- WHY SHOULD
                                           ALLIED MERGE WITH AAC?;  --
                                           WHAT VOTE IS REQUIRED?; --
                                           WHAT WILL HAPPEN TO OPTIONS
                                           TO PURCHASE ALLIED COMMON
                                           STOCK AND WARRANTS TO
                                           PURCHASE ALLIED COMMON
                                           STOCK?;  INFORMATION
                                           CONCERNING THE ALLIED SPECIAL
                                           MEETING; SUMMARY -- Record Date;
                                           Voting Rights; -- OPTIONS/
                                           WARRANTS; -- Allied Common Stock
                                           Information;  MARKET PRICE AND
                                           DIVIDEND INFORMATION

Item 1(c)-(d)............................. MARKET PRICE AND DIVIDEND
                                           INFORMATION;  SELECTED
                                           CONSOLIDATED FINANCIAL DATA --
                                           Notes to Consolidated Financial
                                           Statements

Item 1(e)................................. PRO FORMA UNAUDITED CONDENSED 
                                           FINANCIAL DATA -- Notes to 
                                           Pro Forma Unaudited Condensed 
                                           Consolidated Statements of Earnings

Item 1(f)................................. **

Item 2(a)................................. This Schedule 13E-3 is being filed
                                           by the issuer,

Item 2(b)................................. Allied Digital Technologies Corp.,
                                           140 Fell Court, Hauppauge, NY 11788

Item 2(c)................................. **

Item 2(d)................................. **

Item 2(e)-(f)............................. **

Item 2(g)................................. A corporation organized under the
                                           laws of the State of Delaware

- --------
**       The item is inapplicable or the answer thereto is in the negative.

                                        4
<PAGE>
Item 3(a)(1)-(2).......................... **


Item 3(b)................................. **



Item 4(a)................................. Pages 1-2; SUMMARY; SPECIAL FACTORS; 
                                           THE MERGER; THE MERGER AGREEMENT

Item 4(b)................................. SUMMARY -- Options/Warrants; --
                                           Interests of Allied Officers and  
                                           Directors In The Merger and Other 
                                           Special Factors; INFORMATION 
                                           CONCERNING THE ALLIED SPECIAL MEETING
                                           -- Record Date; Voting Rights; 
                                           SPECIAL FACTORS -- Interest of 
                                           Directors and Executive Officers; THE
                                           MERGER -- Ownership of Capital Stock;
                                           -- Certain Effects of The Merger; THE
                                           MERGER AGREEMENT -- Consideration to
                                           be Received in the Merger;
                                           STOCKHOLDER VOTING AGREEMENTS -- 
                                           ROLLOVER AGREEMENTS; ANNEX E; ANNEX F

Item 5(a)-(g)............................. SUMMARY; SPECIAL FACTORS; THE
                                           MERGER; THE MERGER AGREEMENT

Item 6(a), (c)(1)-(2)..................... SUMMARY -- Reasons for The Merger;
                                           -- Total Value of The Merger; THE
                                           MERGER -- Debt Financing;  THE
                                           MERGER AGREEMENT -- Consideration to 
                                           be Received in the Merger

Item 6(b)................................. THE MERGER -- Debt Financing; --
                                           Expenses of the Transaction; THE
                                           MERGER AGREEMENT -- Termination
                                           Fees; -- Expenses; PRO FORMA
                                           UNAUDITED CONDENSED FINANCIAL DATA

                                        5

<PAGE>


Item 6(d)................................. **

Item 7 (a)-(c)............................ QUESTIONS AND ANSWERS ABOUT
                                           THE MERGER; SUMMARY -- AAC; --
                                           Reasons for the Merger; -- The 
                                           Merger; -- Recommendation To 

                                           Stockholders; -- Opinion of Furman 
                                           Selz LLC; SPECIAL FACTORS --
                                           Background of the Merger Transaction;
                                           -- Recommendation of the Allied
                                           Board; -- Effects and Reasons for
                                           the Merger; -- The Board's
                                           Recommendation; -- Fairness Opinion

Item 7(d)................................. QUESTIONS AND ANSWERS ABOUT THE 
                                           MERGER; SUMMARY -- Options/Warrants;
                                           -- Interests of Allied Officers and
                                           Directors in the Merger and Other
                                           Special Factors; -- Federal Income
                                           Tax Consequences; INFORMATION
                                           CONCERNING THE ALLIED SPECIAL MEETING
                                           -- Record Date; Voting Rights;
                                           SPECIAL FACTORS -- Recommendation of
                                           the Allied Board; Effects and Reasons
                                           for the Merger; -- Certain Federal
                                           Income Tax Consequences of the
                                           Merger; -- Fairness Opinion; --
                                           Interests of Directors and Executive
                                           Officers; THE MERGER -- Certain
                                           Effects of the Merger; -- Certain
                                           Federal Income Tax Consequences of
                                           the Merger; THE MERGER AGREEMENT --
                                           The Merger; -- The Surviving
                                           Corporation; -- Board of Directors of
                                           the Company Following the Merger

Item 8 (a-b).............................. QUESTIONS AND ANSWERS ABOUT THE
                                           MERGER; SUMMARY -- Reasons for the
                                           Merger; -- Opinion of Furman Selz
                                           LLC; -- Recommendation to
                                           Stockholders; SPECIAL FACTORS --
                                           Background of the Merger Transaction;
                                           Recommendation of the Allied Board;
                                           -- Effects and Reasons for the
                                           Merger; -- The Board's
                                           Recommendation; -- Fairness Opinion;
                                           ANNEX A; TABLE OF CONTENTS TO 
                                           CONSOLIDATED FINANCIAL STATEMENTS 
                                           -- Notes to Consolidated Financial 
                                           Statements

Item 8(c)................................. QUESTIONS AND ANSWERS ABOUT THE
                                           MERGER; SUMMARY -- Conditions to 
                                           the Merger

                                        6

<PAGE>

Item 8(d)................................. **


Item 8(e)................................. SUMMARY -- Reasons for the Merger;
                                           SPECIAL FACTORS -- Background of
                                           the Merger Transaction; --
                                           Recommendation of Allied's Board; --
                                           Effects and Reasons for the Merger; 
                                           -- The Board's Recommendation;
                                           INFORMATION CONCERNING THE
                                           ALLIED SPECIAL MEETING -- Record
                                           Date; Voting Rights

Item 8(f)................................. **

Item 9 (a-c).............................. SUMMARY -- Opinion of Furman Selz
                                           LLC; SPECIAL FACTORS -- Background
                                           of the Merger Transaction; -- 
                                           Fairness Opinion; ANNEX A

Item 10(a)................................ SUMMARY; SPECIAL FACTORS --
                                           Interests of Directors and Executive
                                           Officers; INFORMATION CONCERNING THE
                                           ALLIED SPECIAL MEETING; THE MERGER --
                                           Ownership of Capital Stock

Item 10(b)................................ **

Item 11................................... SUMMARY; INFORMATION CONCERNING THE 
                                           ALLIED SPECIAL MEETING; SPECIAL 
                                           FACTORS; THE MERGER AGREEMENT; ANNEX 
                                           B; ANNEX C; ANNEX E, ANNEX F

Item 12 (a-b)............................. SUMMARY; INFORMATION
                                           CONCERNING THE ALLIED SPECIAL
                                           MEETING; SPECIAL FACTORS; THE
                                           MERGER AGREEMENT; ANNEX B;
                                           ANNEX E; ANNEX F

Item 13(a)................................ SUMMARY; INFORMATION
                                           CONCERNING THE ALLIED SPECIAL
                                           MEETING; -- Record Date; Voting
                                           Rights; THE MERGER -- Appraisal
                                           Rights; ANNEX C

Item 13(b)................................ **

Item 13(c)................................ **

                                        7

<PAGE>

Item 14(a)................................ SUMMARY PRO FORMA UNAUDITED CONDENSED
                                           FINANCIAL DATA; THE MERGER --
                                           Selected Pro Forma Unaduited 
                                           Condensed Financial Data; PRO FORMA 
                                           UNAUDITED CONDENSED FINANCIAL DATA; 
                                           TABLE OF CONTENTS TO CONSOLIDATED 
                                           FINANCIAL STATEMENTS

Item 14(b)................................ SUMMARY PRO FORMA UNAUDITED CONDENSED
                                           FINANCIAL DATA; THE MERGER --
                                           Selected Pro Forma Unaduited 
                                           Condensed Financial Data; PRO FORMA 
                                           UNAUDITED CONDENSED FINANCIAL DATA; 
                                           TABLE OF CONTENTS TO CONSOLIDATED 
                                           FINANCIAL STATEMENTS

Item 15(a)-(b)............................ SPECIAL FACTORS; INFORMATION
                                           CONCERNING THE ALLIED SPECIAL
                                           MEETING -- Record Date; Voting Rights

Item 16................................... **

Item 17(a)................................ **

Item 17(b)................................ ANNEX A

Item 17(c)................................ ANNEX B; ANNEX E; ANNEX F

Item 17(d)................................ Proxy Statement and related Notice of
                                           Special Meeting and Proxy

Item 17(e)................................ ANNEX C

Item 17(f)................................ **

                                        8

<PAGE>

ITEM 1.    Issuer and Class of Security Subject to the Transaction.

           (a) The information set forth on the cover page of, and under
"SUMMARY -- Allied" in the Proxy Statement is incorporated herein by reference.

           (b) The information set forth under "QUESTIONS AND ANSWERS ABOUT THE
MERGER -- WHY SHOULD ALLIED MERGE WITH AAC?; -- WHAT VOTE IS REQUIRED?; -- WHAT
WILL HAPPEN TO OPTIONS TO PURCHASE ALLIED COMMON STOCK AND WARRANTS TO PURCHASE
ALLIED COMMON STOCK?", "INFORMATION CONCERNING THE ALLIED SPECIAL MEETING
SUMMARY -- Record Date; Voting Requirements" and "SUMMARY -- Record Date; --
Options/Warrants" is incorporated herein by reference.

           (c)-(d) The information set forth under "MARKET PRICE AND DIVIDEND
INFORMATION" and "SELECTED CONSOLIDATED FINANCIAL DATA -- Consolidated
Statements of Shareholder's Equity; -- Notes to Consolidated Financial
Statements" is incorporated herein by reference.

           (e) The information set forth under "PRO FORMA UNAUDITED CONDENSED
FINANCIAL DATA -- Notes to Pro Forma Unaudited Condensed Consolidated Statements
of Earnings" is incorporated herein by reference. 

           (f)      Not applicable.

ITEM 2.    Identity and Background.

           (a)      This Schedule 13E-3 is being filed by Allied Digital 
Technologies Corp.

           (b)      The business address is  Allied Digital Technologies Corp., 
140 Fell Court, Hauppauge, New York 11788

           (c)      Not applicable.

           (d)      Not applicable.

           (e)-(f)  Not applicable.       

           (g)      Allied Digital Technologies Corp. is a corporation organized
under the laws of the State of Delaware.

ITEM 3.    Past Contacts, Transactions or Negotiations.

           (a)      Not applicable.

           (b)      Not applicable.

ITEM 4.    Terms of the Transaction.

           (a) The information set forth on pages 1-2, "SUMMARY", "SPECIAL
FACTORS" and "THE MERGER AGREEMENT" is incorporated herein by reference.

           (b) The information set forth under "SUMMARY -- Options/Warrants; --
Interests of Allied Officers and Directors In The Merger and Other Special
Factors", "INFORMATION CONCERNING THE ALLIED SPECIAL MEETING -- Record Date;
Voting Rights", "SPECIAL FACTORS -- Interest of Directors and Executive
Officers", "THE MERGER -- Ownership of Capital Stock; -- Certain Effects of The
Merger", "THE MERGER AGREEMENT; Consideration to be Received in the Merger",
"STOCKHOLDER VOTING AGREEMENTS -- ROLLOVER AGREEMENTS ANNEX E" and "ANNEX F" is
incorporated herein by reference.

                                        9

<PAGE>

ITEM 5.    Plans or Proposals of the Issuer or Affiliate.

           (a)-(g) The information set forth under "SUMMARY", "THE MERGER" and
"THE MERGER AGREEMENT" is incorporated herein by reference.

ITEM 6.    Source and Amount of Funds or Other Consideration.

           (a), (c)(1)-(2) The information set forth under "SUMMARY -- Reasons
for the Merger; -- Total Value of the Merger; -- Merger Financing", "THE MERGER
- -- Debt Financing" and "THE MERGER AGREEMENT -Consideration to be Received in
the Merger" is incorporated herein by reference.

           (b) The information set forth under "THE MERGER -- Debt Financing; --
Expenses of the Transaction", "THE MERGER AGREEMENT -- Termination Fees; --
Expenses" and "PRO FORMA UNAUDITED CONDENSED FINANCIAL DATA" is incorporated
herein by reference.

           (d)      Not applicable.

ITEM 7.    Purpose(s), Alternatives, Reasons and Effects.

           (a)-(c) The information set forth under "QUESTIONS AND ANSWERS ABOUT
THE MERGER", "SUMMARY -- AAC; -- Reasons for the Merger; -- The Merger; --
Recommendation To Stockholders; -- Opinion of Furman Selz LLC" and "SPECIAL

FACTORS -- Background of the Merger Transaction; -- Recommendation of the Allied
Board; Effects and Reasons for the Merger; -- The Board's Recommendation; --
Fairness Opinion" is incorporated herein by reference.

           (d) The information set forth under "QUESTIONS AND ANSWERS ABOUT
THE MERGER", "SUMMARY -- Options/Warrants; -- Interests of Allied Officers and
Directors in the Merger and Other Special Factors; -- Federal Income Tax
Consequences", "INFORMATION CONCERNING THE ALLIED SPECIAL MEETING -Record Date;
Voting Rights", "SPECIAL FACTORS -- Recommendation of the Allied Board; Effects
and Reasons for the Merger; -- Certain Federal Income Tax Consequences of the
Merger; -- Fairness Opinion; -- Interests of Directors and Executive Officers",
"THE MERGER -- Certain Effects of the Merger; -- Certain Federal Income Tax
Consequences of the Merger" and "THE MERGER AGREEMENT -- The Merger; -- The
Surviving Corporation; -Board of Directors of the Company Following the Merger"
is incorporated herein by reference.

ITEM 8.    Fairness of the Transaction.

           (a)-(b) The information set forth under "SUMMARY -- Reasons for the
Merger; -- Opinion of Furman Selz LLC; -- Recommendation to Stockholders",
"SPECIAL FACTORS -- Background of the Merger Transaction; Recommendation of the
Allied Board; -- Effects and Reasons for the Merger; -- The Board's
Recommendation; -Fairness Opinion", "ANNEX A" and "TABLE OF CONTENTS TO 
CONSOLIDATED FINANCIAL STATEMENTS -- Notes to Consolidated Financial 
Statements" is incorporated herein by reference.

           (c) The information set forth under "QUESTIONS AND ANSWERS ABOUT THE
MERGER" and "SUMMARY -- Conditions to the Merger" is incorporated herein by
reference.

           (d) No representative was hired solely on behalf of unaffiliated
security holders.

           (e) The information set forth under "SUMMARY -- Reasons for the
Merger", "SPECIAL FACTORS -Background of the Merger Transaction; --
Recommendation of Allied's Board; Effects and Reasons for the Merger; --

                                       10
<PAGE>
The Board's Recommendation" and "INFORMATION CONCERNING THE ALLIED SPECIAL
MEETING -- Record Date; Voting Rights" is incorporated herein by reference.

           (f)      Not applicable.

ITEM 9.    Reports, Opinions, Appraisals and Certain Negotiations.

           (a)-(c) The information set forth under "SUMMARY -- Opinion of Furman
Selz LLC", "SPECIAL FACTORS -- Background of the Merger Transaction; -- Fairness
Opinion" and "ANNEX A" is incorporated herein by reference.

ITEM 10.   Interests in Securities of the Issuer.

           (a) The information set forth under "SUMMARY", "SPECIAL FACTORS --
Interests of Directors and Executive Officers", "INFORMATION CONCERNING THE

ALLIED SPECIAL MEETING" and "THE MERGER -- Ownership of Capital Stock" is
incorporated herein by reference.

           (b) No transactions of the type required to be disclosed by Item 
10(b) have been effected in the past 60 days.

ITEM 11.   Contracts, Arrangements or Understandings with Respect to the 
Issuer's Securities.

           The information set forth under "SUMMARY", "INFORMATION CONCERNING
THE ALLIED SPECIAL MEETING", "SPECIAL FACTORS", "THE MERGER AGREEMENT", "ANNEX
B", "ANNEX E" and "ANNEX F" is incorporated herein by reference.

ITEM 12.   Present Intention and Recommendation of Certain Persons with Regard 
to the Transaction.

           (a)-(b) The information set forth under "SUMMARY", "INFORMATION
CONCERNING THE ALLIED SPECIAL MEETING", "SPECIAL FACTORS", "THE MERGER
AGREEMENT", "ANNEX B", "ANNEX E" and "ANNEX F" is incorporated herein by
reference.

ITEM 13.   Other Provisions of the Transaction.

           (a) The information set forth under "SUMMARY", "INFORMATION
CONCERNING THE ALLIED SPECIAL MEETING -- Record Date; Voting Rights", THE
MERGER -- Appraisal Rights and "ANNEX C" is incorporated herein by reference.

           (b)      Not applicable.

           (c)      Not applicable.

ITEM 14.   Financial Information.

           (a) The information set forth under "SUMMARY PRO FORMA UNAUDITED
CONDENSED FINANCIAL DATA; THE MERGER -- Selected Pro Forma Unaudited Condensed 
Financial Data", "PRO FORMA UNAUDITED CONDENSED FINANCIAL DATA", and "TABLE OF
CONTENTS TO CONSOLIDATED FINANCIAL STATEMENTS" is incorporated herein by
reference.

           (b) The information set forth under "SUMMARY PRO FORMA UNAUDITED
CONDENSED FINANCIAL DATA; THE MERGER -- Selected Pro Forma Unaudited Condensed 
Financial Data", "PRO FORMA UNAUDITED CONDENSED FINANCIAL DATA", and "TABLE OF
CONTENTS TO CONSOLIDATED FINANCIAL STATEMENTS" is incorporated herein by
reference. 

                                       11
<PAGE>

ITEM 15.   Persons and Assets Employed, Retained or Utilized.

           (a)-(b) The information set forth under "SPECIAL FACTORS" and
"INFORMATION CONCERNING THE ALLIED SPECIAL MEETING -- Record Date; Voting
Rights" is incorporated herein by reference.


ITEM 16.   Additional Information.

           [Reference is hereby made to the Proxy Statement and to each exhibit
attached thereto, each of which is incorporated by reference herein.]

ITEM 17.   Material to be Filed as Exhibits.

           (a) Not applicable.

           (b) Opinion of Furman Selz LLC (incorporated by reference to ANNEX A
to the Proxy Statement).

           (c) Agreement and Plan of Merger, dated as of May 5, 1998, by and
between Allied Digital Technologies Corp. and Analog Acquisition Corp.
(incorporated by reference to ANNEX B to the Proxy Statement); Form of
Stockholder Voting Agreement (incorporated by reference to ANNEX E to the Proxy
Statement); and Form of Rollover Agreement (incorporated by reference to ANNEX F
to the Proxy Statement).

           (d) Proxy Statement and related Notice of Special Meeting and Proxy
(incorporated by reference to the Proxy Statement filed on the date hereof).

           (e) Section 262 of the General Corporation Law of the State of
Delaware (incorporated by reference to ANNEX C to the Proxy Statement).

           (f) Not applicable.

                                       12

<PAGE>

                                    SIGNATURE

           After due inquiry and to the best of its knowledge and belief, the
undersigned certifies that the information set forth in this Schedule 13E-3 is
true, complete and correct.

Dated: May 29, 1998.

                                 ALLIED DIGITAL TECHNOLOGIES CORP.

                                 By: /s/ Charles Mantione
                                     -------------------------------------------
                                     Name:  Charles Mantione
                                     Title: Chief Financial Officer

                                       13



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission