UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
BT OFFICE PRODUCTS INTERNATIONAL, INC.
(Name of Issuer)
COMMON STOCK
$.01 par value
(Title of Class of Securities)
055816-10-2
(CUSIP Number)
Frode Jensen, III, Esq.
Winthrop, Stimson, Putnam & Roberts
695 East Main Street
Stamford, CT 06904-6760
(203) 965-8462
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
June 2, 1998
(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 statement because of Rule 13d-1(b)(3) or (4), check the following: [ ]
<PAGE>
SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP NO. 055816 10 2 Page 2 of 6 Pages
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NV Koninklijke KNP BT ("KNP BT")
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b)
- -------------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
00
- -------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
- -------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
The Netherlands
- -------------------------------------------------------------------------------
NUMBER OF SHARES 7. SOLE VOTING POWER
BENEFICIALLY OWNED BY 16,988,400 shares
EACH REPORTING PERSON
WITH
-----------------------------------------------------
8. SHARED VOTING POWER
6,411,600 shares
-----------------------------------------------------
9. SOLE DISPOSITIVE POWER
16,988,400 shares
-----------------------------------------------------
10. SHARED DISPOSITIVE POWER
6,411,600 shares
- -------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
KNP BT: 23,400,000 shares
KNP BT International B.V. ("International"): 6,411,600 shares
- -------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
- -------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
KNP BT: 70.1%
International: 19.2%
- -------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
HC
- -------------------------------------------------------------------------------
<PAGE>
- -------------------------------------------------------------------------------
CUSIP NO. 055816 10 2 Page 3 of 6 Pages
- -------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
KNP BT International B.V. ("International")
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b)
- -------------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
NA
- -------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
- -------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
The Netherlands
- -------------------------------------------------------------------------------
NUMBER OF SHARES 7. SOLE VOTING POWER
BENEFICIALLY OWNED BY None
EACH REPORTING PERSON
WITH
-----------------------------------------------------
8. SHARED VOTING POWER
6,411,600 shares
-----------------------------------------------------
9. SOLE DISPOSITIVE POWER
None
-----------------------------------------------------
10. SHARED DISPOSITIVE POWER
6,411,600 shares
- -------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
International: 6,411,600 shares
KNP BT: 23,400,000 shares
- -------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
- -------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
International: 19.2%
KNP BT: 70.1%
- -------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
HC
- -------------------------------------------------------------------------------
<PAGE>
This statement, dated June 8, 1998 constitutes Amendment No. 2 to the
Schedule 13D, dated July 26, 1995, regarding the reporting persons' ownership of
common stock, $.01 par value of BT Office Products International, Inc. (the
"Issuer").
The Schedule 13D is hereinafter referred to as the "Schedule". All
capitalized terms used herein and otherwise undefined shall have the meanings
ascribed thereto in the Schedule.
This Amendment No. 2 to the Schedule is filed in accordance with Rule 13d-2
of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), but the
reporting persons. Its shall refer only to information which has materially
changed since the filing of the Schedule.
Item 3. Source and Amount of Funds or Other Consideration
As described in Item 4 below, KNP BT has entered into the Merger Agreement
(as defined herein) with Issuer pursuant to which KNP BT will acquire
shares of the Issuer's Common Stock that are publicly traded for a purchase
price of $13.75 per share. KNP BT will use internally generated funds to
pay for the transaction and expects that no external financing will be
required.
Item 4. Purpose of Transactions
The Issuer has entered into an Agreement and Plan of Merger (the "Merger
Agreement") dated as of June 2, 1998 among the Issuer, KNP BT,
International and BT OPI Acquisition Corp., a wholly owned subsidiary of
KNP BT (the "Purchaser"). Pursuant to the Merger Agreement, the Purchaser
will be merged with and into the Issuer, with Issuer as the surviving
corporation.
Item 7. Material to Be Filed as Exhibits
Pursuant to Rule 12b-32(a) of the Exchange Act, the following exhibits are
incorporated herein by reference to exhibits to the Issuer's Registration
Statement on Form S-1 previously filed with the Securities and Exchange
Commission, as described below:
Exhibit A: Exchange Agreement between NV Koninklijke KNP BT and BT Office
Products International, Inc. dated as of June 30, 1995, incorporated by
reference to Exhibit 2.1 to Amendment No. 2 to the Issuer's Registration
Statement on Form S-1 (File No. 33-92124) as filed with the Securities and
Exchange Commission on July 7, 1995.
<PAGE>
Exhibit B: Registration Rights Agreement dated as of June 15, 1995 by and
among NV Koninklijke KNP BT, Buhrmann-Tetterode International B.V., and BT
Office Products International, Inc., incorporated by reference to Exhibit
10.2 to Amendment No. 1 to the Issuer's Registration Statement on Form S-1
(File No. 33-92124) as filed with the Securities and Exchange Commission on
June 22, 1995.
Exhibit C: Underwriting Agreement, incorporated by reference to Exhibit 1.1
to Amendment No. 2 to the Issuer's Registration Statement on Form S-1 (File
No. 33-92124) as filed with the Securities and Exchange Commission on July
7, 1995.
Exhibit D: Agreement and Plan of Merger, dated as of June 2, 1998, among NV
Koninklijke KNP BT, KNP BT International B.V., BT OPI Acquisition Corp. and
BT Office Products International, Inc., incorporated by reference to
Exhibit 2.1 to the Issuer's Current Report on Form 8-K filed with the
Securities and Exchange Commission on June 8, 1998.
<PAGE>
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: June 8, 1998
NV KONINKLIJKE KNP BT
By: /s/ K. de Kluis By: /s/ F.H.J. Koffrie
---------------------------------- -------------------------------
Name: K. de Kluis Name: F.H.J. Koffrie
Title: Chairman Executive Board Title: Member Executive Board
KNP BT INTERNATIONAL B.V.
By: /s/ K. de Kluis By: /s/ F.H.J. Koffrie
---------------------------------- -------------------------------
Name: K. de Kluis Name: F.H.J. Koffrie
Title: Director Title: Director
<PAGE>
