-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, P4ieqnKxN6SZ6xskRFPZ7wXxl+HlDw81lqjqSd6PrXBKe9gy8pliCq8BQ/ta6Jy1 2gYaiW9KRPNmhcZnSVdaAQ== 0000950123-97-004952.txt : 19970612 0000950123-97-004952.hdr.sgml : 19970612 ACCESSION NUMBER: 0000950123-97-004952 CONFORMED SUBMISSION TYPE: SC 14D1/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19970611 SROS: NONE GROUP MEMBERS: HARCOURT GENERAL, INC. GROUP MEMBERS: NICK ACQUISITION CORP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL EDUCATION CORP CENTRAL INDEX KEY: 0000277821 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 952774428 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D1/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-32461 FILM NUMBER: 97622380 BUSINESS ADDRESS: STREET 1: 2601 MAIN STREET CITY: IRVINE STATE: CA ZIP: 92614 BUSINESS PHONE: 714-474-9400 MAIL ADDRESS: STREET 1: 18400 VON KARMAN AVE CITY: IRVINE STATE: CA ZIP: 92715 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NICK ACQUISITION CORP CENTRAL INDEX KEY: 0001037989 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 14D1/A BUSINESS ADDRESS: STREET 1: C/O HARCOURT GENERAL INC STREET 2: 27 BOYLSTON ST CITY: CHESTNUT HILL STATE: MA ZIP: 02167 BUSINESS PHONE: 6172328200 MAIL ADDRESS: STREET 1: C/O HARCOURT GENERAL INC STREET 2: 27 BOYLSTON ST CITY: CHESTNUT HILL STATE: MA ZIP: 02167 SC 14D1/A 1 FINAL AMENDMENT TO SCHEDULE 14D-1 1 ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------------ FINAL AMENDMENT TO SCHEDULE 14D-1 TENDER OFFER STATEMENT PURSUANT TO SECTION 14(D)(1) OF THE SECURITIES EXCHANGE ACT OF 1934 ------------------------ NATIONAL EDUCATION CORPORATION (NAME OF SUBJECT COMPANY) NICK ACQUISITION CORPORATION HARCOURT GENERAL, INC. (BIDDER) ------------------------ COMMON STOCK, PAR VALUE $.01 PER SHARE (TITLE OF CLASS OF SECURITIES) 63577110 (CUSIP NUMBER OF CLASS OF SECURITIES) ERIC P. GELLER SENIOR VICE PRESIDENT AND GENERAL COUNSEL 27 BOYLSTON STREET CHESTNUT HILL, MASSACHUSETTS 02167 TELEPHONE: (617) 232-8200 (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS ON BEHALF OF BIDDER) ------------------------ Copy to: ROBERT L. FRIEDMAN, ESQ. SIMPSON THACHER & BARTLETT 425 LEXINGTON AVENUE NEW YORK, NEW YORK 10017 TELEPHONE: (212) 455-2000 ================================================================================ 2 CUSIP No. 63577110 - --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS NICK ACQUISITION CORPORATION - --------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - --------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF - --------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(e) or 2(f) [ ] - --------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - --------------------------------------------------------------------------------------------------------- 7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON DIRECTLY: 34,448,557 - --------------------------------------------------------------------------------------------------------- 8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES [ ] - --------------------------------------------------------------------------------------------------------- 9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 95.6%* - --------------------------------------------------------------------------------------------------------- 10 TYPE OF REPORTING PERSON CO - ---------------------------------------------------------------------------------------------------------
- --------------- * As of June 9, 1997. 3 CUSIP No. 63577110 - --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS HARCOURT GENERAL, INC. - --------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - --------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - --------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(e) or 2(f) [ ] - --------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - --------------------------------------------------------------------------------------------------------- 7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON INDIRECTLY THROUGH A WHOLLY-OWNED SUBSIDIARY: 34,448,557 - --------------------------------------------------------------------------------------------------------- 8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES [ ] - --------------------------------------------------------------------------------------------------------- 9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 95.6%* - --------------------------------------------------------------------------------------------------------- 10 TYPE OF REPORTING PERSON CO - ---------------------------------------------------------------------------------------------------------
- --------------- * As of June 9, 1997. 4 This Final Amendment amends and supplements the Tender Offer Statement on Schedule 14D-1 filed on April 21, 1997 (as amended and supplemented, the "Schedule 14D-1") relating to the offer by Nick Acquisition Corporation, a Delaware corporation (the "Purchaser") and a wholly-owned subsidiary of Harcourt General, Inc., a Delaware corporation (the "Parent" or "Harcourt"), to purchase all of the outstanding shares of Common Stock, par value $.01 per share (the "Shares"), of National Education Corporation, a Delaware corporation (the "Company"), at an amended purchase price of $21.00 per Share, net to the seller in cash, without interest thereon, upon the terms and subject to the conditions set forth in the Offer to Purchase dated April 21, 1997, as amended and supplemented on May 14, 1997 (the "Offer to Purchase") and in the related Letter of Transmittal. Unless otherwise indicated, all capitalized terms used but not defined herein shall have the meanings assigned to them in the Schedule 14D-1. ITEM 5. PURPOSE OF THE TENDER OFFER AND PLANS OR PROPOSALS OF THE BIDDER. Item 5 is amended and supplemented as follows: On June 11, 1997, the Parent announced that it had merged the Purchaser into the Company with the Company continuing as the surviving corporation in the Merger and that the Merger became effective at 5:00 P.M. on June 10, 1997. Because the Purchaser had acquired at least 90% of the outstanding Shares, the Merger was effected without a meeting of stockholders of the Company. As a result of the Merger, the Company became a wholly-owned subsidiary of the Parent and each outstanding Share (other than Shares held in the treasury of the Company, Shares owned by the Parent, the Purchaser or any other direct or indirect wholly-owned subsidiary of the Parent or the Company, and Shares owned by stockholders choosing to dissent and demand appraisal of their Shares) was cancelled, extinguished and converted into the right to receive $21.00 per Share in cash, without interest thereon, less any applicable withholding taxes. The full text of the press release is set forth in Exhibit 11(a)(22) and is incorporated herein by reference. On June 10, 1997 the Parent requested that the New York Stock Exchange (the "NYSE") and the Pacific Exchange (the "PSE") delist the Shares from the NYSE and the PSE, respectively, and requested that the NYSE apply on Form 25 to deregister the Shares with the Securities and Exchange Commission as soon as practicable following the Merger. ITEM 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY. Item 6 is amended and supplemented as follows: Pursuant to the Offer, which expired at 5:00 P.M., New York City time, on Wednesday, June 4, 1997, the Purchaser acquired 34,448,557 Shares (or approximately 95.6% of the issued and outstanding Shares). Pursuant to the Merger, which became effective at 5:00 p.m. on June 10, 1997, the Company became a wholly-owned subsidiary of the Parent. The information provided in this Final Amendment under Item 5 is incorporated herein by reference. ITEM 11. MATERIAL TO BE FILED AS EXHIBITS. (a)(22) Press Release issued by the Parent on June 11, 1997. 2 5 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. HARCOURT GENERAL, INC. By: /s/ ERIC P. GELLER ------------------------------------ Name: Eric P. Geller Title: Senior Vice President, General Counsel and Secretary NICK ACQUISITION CORPORATION By: /s/ ERIC P. GELLER ------------------------------------ Name: Eric P. Geller Title: Vice President and Secretary Date: June 11, 1997 6 EXHIBIT INDEX
EXHIBIT PAGE NO. DESCRIPTION NO. - --------- -------------------------------------------------------------------------- ---- 11(a)(22) Press Release issued by the Parent on June 11, 1997.......................
EX-99.11.A.22 2 PRESS RELEASE 1 EXHIBIT 11(A)(22) H A R C O U R T HARCOURT GENERAL, INC. G E N E R A L 27 BOYLSTON STREET, CHESTNUT HILL, MA 02167 TEL 617 232 8200 Contact Peter Farwell News Release Vice President George Sard or Anna Cordasco Corporate Relations Sard Verbinnen & Co. (617) 232-8200 (212) 687-8080 FOR IMMEDIATE RELEASE HARCOURT COMPLETES MERGER WITH NATIONAL EDUCATION CORPORATION CHESTNUT HILL, MA, June 11, 1997 -- Harcourt General, Inc. (NYSE:H) announced today that it completed the merger of National Education Corporation (NEC) on June 10th. The merger was the second step in a two-step acquisition. The first step, a cash tender offer for all the outstanding shares of NEC at $21.00 per share, was completed on June 4, 1997. As a result of the merger, NEC is now a wholly-owned subsidiary of Harcourt General. The merger results in the automatic conversion of the remaining NEC shares into the right to receive $21.00 per former NEC share. Harcourt General, Inc. is a growth-oriented operating company with core businesses in publishing and specialty retailing. The Company also provides professional outplacement services to clients worldwide. National Education Corporation's operations include ICS Learning Systems, the largest provider of distance education in vocational, academic and professional studies; National Education Training Group, the leader in information technology interactive multimedia-based learning products; and 83% ownership of Steck-Vaughn Publishing Corporation, one of the largest publishers of supplemental education materials. # # # -----END PRIVACY-ENHANCED MESSAGE-----