<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
------------------
SCHEDULE 13D
(AMENDMENT NO. 2)
STARRETT CORPORATION
(Name of Issuer)
COMMON STOCK, PAR VALUE $1.00 PER SHARE
(Title of Class of Securities)
885-677-11
(CUSIP Number)
JONATHAN I. MAYBLUM
STARTT ACQUISITION, LLC
C/O LAWRENCE RUBEN COMPANY, INC.
600 MADISON AVENUE, 20TH FLOOR
NEW YORK, NEW YORK 10022
TELEPHONE: (212) 980-0910
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Copies to:
JOEL I. PAPERNIK, ESQ.
SQUADRON, ELLENOFF, PLESENT & SHEINFELD, LLP
551 FIFTH AVENUE
NEW YORK, NEW YORK 10176
TELEPHONE: (212) 661-6500
DECEMBER 30, 1997
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1 (b)(3) or (4), check the following
box. [ ]
Note. Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1 (a) for other parties to whom copies
are to be sent.
(Page 1 of 18 Pages)
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
- ------------------------------------------------- ------------------------------------------------
CUSIP NO. 885-677-11 13D PAGE 2 OF 18 PAGES
------------------------------------- ------------- ----------------
- ------------------------------------------------- ------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Startt Acquisition, Inc.* Employer Tax Id: 13-397-0392
- ------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF, OO
- ------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- ------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0*
REPORTING --------------------------------------------------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0*
- ------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0*
- ------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%*
- ------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- ------------------------------------------------------------------------------------------------------------------------------
* As a result of the merger described in Item 4, Startt Acquisition, Inc.
ceased to exist on December 30, 1997.
<PAGE>
- ------------------------------------------------- ------------------------------------------------
CUSIP NO. 885-677-11 13D PAGE 3 OF 18 PAGES
------------------------------------- ------------- ----------------
- ------------------------------------------------- ------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Startt Acquisition, LLC Employer Tax Id: 13-397-0393
- ------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF, OO
- ------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 100 (See Item 5)
REPORTING --------------------------------------------------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
100 (See Item 5)
- ------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100 (See Item 5)
- ------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
100%
- ------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- ------------------------------------------------------------------------------------------------------------------------------
<PAGE>
- ------------------------------------------------- ------------------------------------------------
CUSIP NO. 885-677-11 13D PAGE 4 OF 18 PAGES
------------------------------------- ------------- ----------------
- ------------------------------------------------- ------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
LR Startt, LLC
- ------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF, OO
- ------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 100 (See Item 5)
REPORTING --------------------------------------------------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
100 (See Item 5)
- ------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100 (See Item 5)
- ------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
100%
- ------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- ------------------------------------------------------------------------------------------------------------------------------
<PAGE>
- ------------------------------------------------- ------------------------------------------------
CUSIP NO. 885-677-11 13D PAGE 5 OF 18 PAGES
------------------------------------- ------------- ----------------
- ------------------------------------------------- ------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Richard G. Ruben
- ------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
PF, OO
- ------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- ------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 100 (See Item 5)
REPORTING --------------------------------------------------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
100 (See Item 5)
- ------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100 (See Item 5)
- ------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
100%
- ------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- ------------------------------------------------------------------------------------------------------------------------------
<PAGE>
- ------------------------------------------------- ------------------------------------------------
CUSIP NO. 885-677-11 13D PAGE 6 OF 18 PAGES
------------------------------------- ------------- ----------------
- ------------------------------------------------- ------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
AV Startt, LLC
- ------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF, OO
- ------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 100 (See Item 5)
REPORTING --------------------------------------------------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
100 (See Item 5)
- ------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100 (See Item 5)
- ------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
100%
- ------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- ------------------------------------------------------------------------------------------------------------------------------
<PAGE>
- ------------------------------------------------- ------------------------------------------------
CUSIP NO. 885-677-11 13D PAGE 7 OF 18 PAGES
------------------------------------- ------------- ----------------
- ------------------------------------------------- ------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Andrew Penson
- ------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
PF, OO
- ------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- ------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 100 (See Item 5)
REPORTING --------------------------------------------------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
100 (See Item 5)
- ------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100 (See Item 5)
- ------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
100%
- ------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- ------------------------------------------------------------------------------------------------------------------------------
<PAGE>
- ------------------------------------------------- ------------------------------------------------
CUSIP NO. 885-677-11 13D PAGE 8 OF 18 PAGES
------------------------------------- ------------- ----------------
- ------------------------------------------------- ------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
AM Startt, LLC
- ------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF, OO
- ------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 100 (See Item 5)
REPORTING --------------------------------------------------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
100 (See Item 5)
- ------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100 (See Item 5)
- ------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
100%
- ------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- ------------------------------------------------------------------------------------------------------------------------------
<PAGE>
- ------------------------------------------------- ------------------------------------------------
CUSIP NO. 885-677-11 13D PAGE 9 OF 18 PAGES
------------------------------------- ------------- ----------------
- ------------------------------------------------- ------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Marc Lasry
- ------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
PF, OO
- ------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- ------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 100 (See Item 5)
REPORTING --------------------------------------------------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
100 (See Item 5)
- ------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100 (See Item 5)
- ------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
100%
- ------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- ------------------------------------------------------------------------------------------------------------------------------
<PAGE>
- ------------------------------------------------- ------------------------------------------------
CUSIP NO. 885-677-11 13D PAGE 10 OF 18 PAGES
------------------------------------- ------------- ----------------
- ------------------------------------------------- ------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
BA Startt
- ------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF, OO
- ------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 100 (See Item 5)
REPORTING --------------------------------------------------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
100 (See Item 5)
- ------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100 (See Item 5)
- ------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
100%
- ------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- ------------------------------------------------------------------------------------------------------------------------------
<PAGE>
- ------------------------------------------------- ------------------------------------------------
CUSIP NO. 885-677-11 13D PAGE 11 OF 18 PAGES
------------------------------------- ------------- ----------------
- ------------------------------------------------- ------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Blackacre Capital Group, L.P.
- ------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF, OO
- ------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 100 (See Item 5)
REPORTING --------------------------------------------------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
100 (See Item 5)
- ------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100 (See Item 5)
- ------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
100%
- ------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- ------------------------------------------------------------------------------------------------------------------------------
<PAGE>
- ------------------------------------------------- ------------------------------------------------
CUSIP NO. 885-677-11 13D PAGE 12 OF 18 PAGES
------------------------------------- ------------- ----------------
- ------------------------------------------------- ------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
BA Startt GP I LLC
- ------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF, OO
- ------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 100 (See Item 5)
REPORTING --------------------------------------------------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
100 (See Item 5)
- ------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100 (See Item 5)
- ------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
100%
- ------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- ------------------------------------------------------------------------------------------------------------------------------
<PAGE>
- ------------------------------------------------- ------------------------------------------------
CUSIP NO. 885-677-11 13D PAGE 13 OF 18 PAGES
------------------------------------- ------------- ----------------
- ------------------------------------------------- ------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
BA Startt GP II LLC
- ------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF, OO
- ------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 100 (See Item 5)
REPORTING --------------------------------------------------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
100 (See Item 5)
- ------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100 (See Item 5)
- ------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
100%
- ------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- ------------------------------------------------------------------------------------------------------------------------------
<PAGE>
- ------------------------------------------------- ------------------------------------------------
CUSIP NO. 885-677-11 13D PAGE 14 OF 18 PAGES
------------------------------------- ------------- ----------------
- ------------------------------------------------- ------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Blackacre Capital Management Corp.
- ------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF, OO
- ------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
- ------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 100 (See Item 5)
REPORTING --------------------------------------------------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
100 (See Item 5)
- ------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100 (See Item 5)
- ------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
100%
- ------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- ------------------------------------------------------------------------------------------------------------------------------
<PAGE>
- ------------------------------------------------- ------------------------------------------------
CUSIP NO. 885-677-11 13D PAGE 15 OF 18 PAGES
------------------------------------- ------------- ----------------
- ------------------------------------------------- ------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Jeffrey B. Citrin
- ------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
PF, OO
- ------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- ------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 100 (See Item 5)
REPORTING --------------------------------------------------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
100 (See Item 5)
-----------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100 (See Item 5)
- ------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
100%
- ------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- ------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 16 of 18 Pages
This Amendment No. 2 to the Statement on Schedule 13D (this
"Amendment") amends and supplements the Statement on Schedule 13D filed on
October 28, 1997, as amended by Amendment No. 1 thereto filed on December 23,
1997 (as amended, the "Statement"), with respect to the beneficial ownership
of shares of common stock, par value $1.00 of Starrett Corporation, a New York
corporation (the "Company") by Startt Acquisition, LLC, a Delaware limited
liability company ("Parent"), Startt Acquisition, Inc., a New York corporation
and a wholly-owned subsidiary of Parent ("Purchaser") and certain other
persons. This Amendment is filed as a result of the merger of Purchaser with
and into the Company.
Capitalized terms used herein and not defined herein shall have the
meanings ascribed to them in the Statement.
ITEM 4. Purpose of Transaction.
Pursuant to the Agreement and Plan of Merger, dated as of
October 16, 1997, by and between Purchaser and Company (the "Merger
Agreement"), on December 30, 1997 Purchaser merged with and into the Company
(the "Merger") in accordance with Section 905 of the New York Business
Corporation Law (the "BCL"). The Company was the surviving corporation in the
Merger and the Purchaser ceased to exist upon the effectiveness of the Merger.
On December 31, 1997, the Company filed with the Securities and Exchange
Commission on Form 15 a Certificate and Notice of Termination of Registration
under Section 12 (g) of the Exchange Act. Upon the effectiveness of the Merger,
the Company's shares of common stock were delisted from the American Stock
Exchange.
ITEM 5. Interest in Securities of the Issuer.
Items 5(a) and (b) are hereby amended and supplemented by adding
thereto the following:
(a) In accordance with the terms of the Merger Agreement, on
December 30, 1997 (i) all issued and outstanding shares of common stock of the
Company not previously tendered to Purchaser were converted into the right to
receive payment of $12.25 per share in cash, canceled and retired and (ii) each
of the 100 issued and outstanding shares of capital stock of Purchaser was
converted into one share of common stock of the Company and (iii) each share of
common stock of the Company held in the treasury was canceled and retired
without any consideration therefor. In addition, on December 30, 1997, pursuant
to Section 515 of the BCL, the shares of common stock of the Company held by
the Reporting Persons (other than the shares referred to in (ii) above) were
canceled by action of the Board of Directors of the Company.
(b) Each of the Reporting Persons identified in Item 2(a) collectively
share voting power and dispositive power with regard to the 100 shares of the
Company issued to the Parent as a result of the Merger.
<PAGE>
Page 17 of 18 Pages
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief,
each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: January 16, 1998
STARTT ACQUISITION, INC.
By: STARRETT CORPORATION,
Its Successor In Interest
By: /s/ Jonathan I. Mayblum
-----------------------------------
Name: Jonathan I. Mayblum
Title: President
STARTT ACQUISITION, LLC
By : /s/ Jonathan I. Mayblum
---------------------------------------
Name: Jonathan I. Mayblum
Title: President
LR STARTT, LLC
/s/ Jonathan I. Mayblum
----------------------------------------------
By: Jonathan I. Mayblum
Authorized Signatory
RICHARD G. RUBEN
/s/ Jonathan I. Mayblum
-----------------------------------------------
By: Jonathan I. Mayblum
Authorized Signatory
AV STARTT, LLC
/s/ Jonathan I. Mayblum
-----------------------------------------------
By: Jonathan I. Mayblum
Authorized Signatory
ANDREW PENSON
/s/ Jonathan I. Mayblum
-----------------------------------------------
By: Jonathan I. Mayblum
Authorized Signatory
AM STARTT, LLC
/s/ Jonathan I. Mayblum
-----------------------------------------------
By: Jonathan I. Mayblum
Authorized Signatory
MARC LASRY
/s/ Jonathan I. Mayblum
-----------------------------------------------
By: Jonathan I. Mayblum
Authorized Signatory
<PAGE>
Page 18 of 18 Pages
BA STARTT
By: Blackacre Capital Group, L.P.,
General Partner
By: Blackacre Capital Management Corp.,
General Partner
By : /s/ Jeffrey B. Citrin
------------------------------
Name: Jeffrey B. Citrin
Title: President
BLACKACRE CAPITAL GROUP, L.P.
By: Blackacre Capital Management Corp.,
General Partner
By : /s/ Jeffrey B. Citrin
--------------------------------------
Name: Jeffrey B. Citrin
Title: President
BA STARTT GP I LLC
By: Blackacre Capital Group, L.P.
Managing Member
By: Blackacre Capital Management Corp.,
General Partner
By : /s/ Jeffrey B. Citrin
-------------------------
Name: Jeffrey B. Citrin
Title: President
BA STARTT GP II LLC
By: Blackacre Capital Group, L.P.
Managing Member
By: Blackacre Capital Management Corp.,
General Partner
By : /s/ Jeffrey B. Citrin
------------------------
Name: Jeffrey B. Citrin
Title: President
BLACKACRE CAPITAL MANAGEMENT CORP.
By : /s/ Jeffrey B. Citrin
----------------------------------------
Name: Jeffrey B. Citrin
Title: President
/s/ Jeffrey B. Citrin
------------------------------------------------
Jeffrey B. Citrin
