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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14D-1
Statement Pursuant to Section 14(d)(1)
of the Securities Exchange Act of 1934
(Amendment No. 2)
and
SCHEDULE 13D
(Amendment No. 1)
Zycon Corporation
-------------------------
(Name of Subject Company)
Hadco Corporation
Hadco Acquisition Corp.
-----------------------
(Bidders)
Common Stock, Par Value $.001 per share
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989852-10-8
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(CUSIP Number of Class of Securities)
Andrew E. Lietz
Chief Executive Officer
Hadco Corporation
12A Manor Parkway
Salem, New Hampshire 03079
(603) 898-8000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
---------------------
Copy to:
Stephen A. Hurwitz, Esq.
George W. Lloyd, Esq.
Testa, Hurwitz & Thibeault, LLP
High Street Tower
125 High Street
Boston, Massachusetts 02110
(617) 248-7000
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CALCULATION OF FILING FEE
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- --------------------------------------------------------------------------------
Transaction Valuation* Amount of Filing Fee
- --------------------------------------------------------------------------------
$212,853,600 $42,570.12
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* For Purposes of calculating fee only. This amount assumes the
purchase of 11,056,000 shares of common stock, $.001 par value
per share (the "Shares") of Zycon Corporation outstanding at
December 4, 1996, plus 769,200 Shares issuable upon the
exercise of options outstanding at December 4, 1996, at $18.00
per Share in cash.
[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: $42,570.12
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Form or Registration No.: Schedule 14D-1 and Schedule 13D
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Filing Party: Hadco Acquisition Corp., Hadco Corporation
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Date Filed: December 11, 1996
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-2-
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- ----------------------
CUSIP No. 989852-10-8
- ----------------------
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Hadco Acquisition Corp.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCES OF FUNDS
AF
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(e) or 2(:)
N/A
[ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- --------------------------------------------------------------------------------
7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,796,104
- --------------------------------------------------------------------------------
8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES*
N/A
[ ]
- --------------------------------------------------------------------------------
9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
97.6 percent
- --------------------------------------------------------------------------------
10. TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
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- ----------------------
CUSIP No. 989852-10-8
- ----------------------
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Hadco Corporation
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCES OF FUNDS
BK
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(e) or 2(f)
[ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
The Commonwealth of Massachusetts
- --------------------------------------------------------------------------------
7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,796,104
- --------------------------------------------------------------------------------
8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES*
N/A
[ ]
- --------------------------------------------------------------------------------
9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
97.6 percent
- --------------------------------------------------------------------------------
10. TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
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This Amendment No. 2 amends and supplements the Schedule 14D-1 (the
"Schedule 14D") and is Amendment No. 1 to Schedule 13D ("Schedule 13D") relating
to the tender offer by Hadco Acquisition Corp., a Delaware corporation
("Purchaser"), and Hadco Corporation, a Delaware corporation ("Parent"), to
purchase all of the outstanding shares of common stock, par value $.001 per
share (the "Shares"), of Zycon Corporation, a Delaware corporation (the
"Company"), at $18 per Share, net to the seller in cash, upon the terms and
subject to the conditions set forth in the Offer to Purchase, dated December 11,
1996 (the "Offer to Purchase"), and the related Letter of Transmittal (which,
together, and with any amendments or supplements thereto, collectively
constitute the "Offer"). All capitalized terms contained herein and not
otherwise defined shall have the meanings assigned to them in the Offer to
Purchase.
ITEM 5. PURPOSE OF THE TENDER OFFER AND PLANS OR PROPOSALS OF
THE BIDDER
Item 5 is hereby amended by the addition of the following:
On January 10, 1997, the Parent, as sole stockholder of
Purchaser, approved the Merger of the Purchaser with and into the
Company, with the Company as the surviving corporation. Immediately
after the acceptance for payment of the Shares tendered in the Offer as
described below, all of the directors of the Comnpany resigned.
ITEM 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY
Item 6 is hereby amended by the addition of the following:
Following the expiration of the Offer at 12:00 midnight on January 9,
1997, Purchaser accepted for payment all 10,796,104 Shares (representing 97.6%
of the outstanding Shares) that had been validly tendered and not withdrawn in
the Offer.
Item 11 is hereby amended as follows:
(a)(11) Text of Press Release issued by Parent on January 10, 1997.
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SIGNATURE
After due 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.
Dated: January 10, 1997
HADCO CORPORATION
By: /s/ Timothy P. Losik
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Name: Timothy P. Losik
Title: Chief Financial Officer,
Vice President and
Treasurer
HADCO ACQUISITION CORP.
By: /s/ Timothy P. Losik
----------------------------------
Name: Timothy P. Losik
Title: Vice President,
Treasurer and Secretary
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EXHIBIT INDEX
Exhibit No. Description Page No.
- ----------- ----------- --------
(a)(11) Text of Press Release issued by Parent
on January 10, 1997
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Exhibit (a)(11)
FOR IMMEDIATE RELEASE
January 10, 1996
Contact:
Timothy P. Losik
Vice President and
Chief Financial Officer
(603) 896 2461
[email protected]
HADCO CORPORATION ANNOUNCES
COMPLETION OF TENDER OFFER AND MERGER
SALEM, NH -- January 10, 1997 - Hadco Corporation (NASDAQ:HDCO) announced today
that its wholly-owned subsidiary, Hadco Acquisition Corp., had completed its
tender offer for all outstanding shares of Zycon Corporation at $18.00 per share
and had accepted for payment all shares validly tendered and not withdrawn. The
offer commenced on December 11, 1996 and expired at 12:00 midnight, New York
City time, on January 9, 1997. Based on a preliminary count, as of 12:00
midnight, New York City time, on January 9, 1997, approximately 10.8 million
shares representing 97% of all outstanding shares had been validly tendered and
not withdrawn.
Hadco also announced today that the merger of Hadco Acquisition Corp. into Zycon
had been consummated. As a result of the merger, Zycon is a wholly-owned
subsidiary of Hadco. Pursuant to the merger, holders of Zycon shares immediately
prior to the effective time of the merger are entitled to receive $18.00 in cash
for each share of Zycon common stock previously held by them.
Hadco Corporation is a leading supplier of electronic interconnect products and
services. Markets served include original equipment manufacturers and contract
assemblers in the computer, telecommunications, automotive, medical instruments,
and industrial automation sectors of the electronics industry. Hadco's wide
range of services and products provide a singular solution to the industry's
accelerating time-to-market requirements. Hadco offers extensive printed circuit
design and engineering services, dedicated quick turn-around prototype and
development fabrication, complex technology volume production fabrication,
backplane assemblies and added-value subassemblies as well as complete array of
assembly capabilities. The Company operates six facilities in the United States.
Hadco Corporation's press releases are available through Company News On-Call by
fax, 800 758 5804, PIN#390325, or on the Internet at http://www.hadco.com:8080/
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