-----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, IDkRnsfWGjrcq9ShwfSZxQ+Y/wlkcdqNvFFst9ZOoJoK9bQ3UR1hxeJ61sIDrSL4 q3vYDEPNblg4DrEN19XHrw== 0000950133-98-001299.txt : 19980407 0000950133-98-001299.hdr.sgml : 19980407 ACCESSION NUMBER: 0000950133-98-001299 CONFORMED SUBMISSION TYPE: SC 14D1/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19980406 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TRIAD PARK LLC CENTRAL INDEX KEY: 0001037037 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 943264115 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D1/A SEC ACT: SEC FILE NUMBER: 005-51409 FILM NUMBER: 98588405 BUSINESS ADDRESS: STREET 1: 3055 TRIAD DR CITY: LIVERMORE STATE: CA ZIP: 94550 BUSINESS PHONE: 5104490606 MAIL ADDRESS: STREET 1: 3055 TRIAD DRIVE CITY: LIVERMORE STATE: CA ZIP: 94550 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TPL ACQUISITION INC CENTRAL INDEX KEY: 0001058967 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D1/A BUSINESS ADDRESS: STREET 1: 909 MONTGOMERY STREET # 400 CITY: SAN FRANCISCO STATE: CA ZIP: 94133 MAIL ADDRESS: STREET 1: 909 MONTGOMERY STREET STREET 2: SUITE 400 CITY: SAN FRANCISCO STATE: CA ZIP: 94133 SC 14D1/A 1 14D-1 (AMENDMENT NO.1) AND 13D (AMENDMENT NO.11) 1 ===================================================================== SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 --------------- SCHEDULE 14D-1 TENDER OFFER STATEMENT PURSUANT TO SECTION 14(d)(1) OF THE SECURITIES AND EXCHANGE ACT OF 1934 (AMENDMENT NO. 1) AND SCHEDULE 13D UNDER THE SECURITIES AND EXCHANGE ACT OF 1934 --------------- AMENDMENT NO. 11 TRIAD PARK, LLC --------------- (NAME OF SUBJECT COMPANY) TPL ACQUISITION, LLC --------------- (BIDDER) MEMBERSHIP INTEREST, NO PAR VALUE (THE "SHARES") --------------- (TITLE OF CLASS OF SECURITIES) 895814101 --------------- (CUSIP NUMBER OF CLASS OF SECURITIES) MURRAY A. INDICK, ESQ. MANAGING DIRECTOR, GENERAL COUNSEL RICHARD C. BLUM & ASSOCIATES, L.P. 909 MONTGOMERY STREET, SUITE 400 SAN FRANCISCO, CALIFORNIA 94133 TELEPHONE: (415) 434-1111 (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSONS AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS ON BEHALF OF BIDDER) ===================================================================== 2 SCHEDULE 14D-1
CUSIP No. 89581401 Page 2 of 13 Pages - ----------------------------------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Richard C. Blum & Associates, L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3205364 - ----------------------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ----------------------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF, WC, PF, OO - ----------------------------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f) [ ] - ----------------------------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - ----------------------------------------------------------------------------------------------------------------------------------- 7 AGGREGATE AMOUNT BENEFICIALLY OWNED 2,012,158 BY EACH REPORTING PERSON - ----------------------------------------------------------------------------------------------------------------------------------- 8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES [ ] CERTAIN SHARES* - ----------------------------------------------------------------------------------------------------------------------------------- 9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 10.2% - ----------------------------------------------------------------------------------------------------------------------------------- 10 TYPE OF REPORTING PERSON* PN, IA - ----------------------------------------------------------------------------------------------------------------------------------
Page 2 3 SCHEDULE 14D-1
CUSIP No. 89581401 Page 3 of 13 Pages - ---------------------------------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Richard C. Blum & Associates, Inc. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-2967812 - ----------------------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ----------------------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF, WC, PF, OO - ----------------------------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f) [ ] - ----------------------------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - ----------------------------------------------------------------------------------------------------------------------------------- 7 AGGREGATE AMOUNT BENEFICIALLY OWNED 2,012,158 BY EACH REPORTING PERSON - ----------------------------------------------------------------------------------------------------------------------------------- 8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES [ ] CERTAIN SHARES* - ----------------------------------------------------------------------------------------------------------------------------------- 9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 10.2% - ----------------------------------------------------------------------------------------------------------------------------------- 10 TYPE OF REPORTING PERSON* CO - -----------------------------------------------------------------------------------------------------------------------------------
Page 3 4 SCHEDULE 14D-1
CUSIP No. 89581401 Page 4 of 13 Pages - ---------------------------------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Richard C. Blum S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - --------------------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ---------------------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF, WC, PF, OO - ---------------------------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f) [ ] - ---------------------------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - ---------------------------------------------------------------------------------------------------------------------------------- 7 AGGREGATE AMOUNT BENEFICIALLY OWNED 2,012,158 BY EACH REPORTING PERSON - ---------------------------------------------------------------------------------------------------------------------------------- 8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES [ ] CERTAIN SHARES* - ---------------------------------------------------------------------------------------------------------------------------------- 9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 10.2% - ---------------------------------------------------------------------------------------------------------------------------------- 10 TYPE OF REPORTING PERSON* IN - ----------------------------------------------------------------------------------------------------------------------------------
Page 4 5 SCHEDULE 14D-1
CUSIP No. 89581401 Page 5 of 13 Pages - ----------------------------------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON TPL Acquisition, LLC S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ----------------------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ----------------------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF, WC, PF, OO - ----------------------------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f) [ ] - ----------------------------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------------------------------------------------------------------------------------------------------------------- 7 AGGREGATE AMOUNT BENEFICIALLY OWNED 2,012,158 BY EACH REPORTING PERSON - ----------------------------------------------------------------------------------------------------------------------------------- 8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES [ ] CERTAIN SHARES* - ----------------------------------------------------------------------------------------------------------------------------------- 9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 10.2% - ----------------------------------------------------------------------------------------------------------------------------------- 10 TYPE OF REPORTING PERSON* OO (limited liability company) - -----------------------------------------------------------------------------------------------------------------------------------
Page 5 6 SCHEDULE 14D-1
CUSIP No. 89581401 Page 6 of 13 Pages - ----------------------------------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Pell Development Company S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ----------------------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ----------------------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF, WC, PF, OO - ----------------------------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f) [ ] - ----------------------------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - ----------------------------------------------------------------------------------------------------------------------------------- 7 AGGREGATE AMOUNT BENEFICIALLY OWNED 2,012,158 BY EACH REPORTING PERSON - ----------------------------------------------------------------------------------------------------------------------------------- 8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES [ ] CERTAIN SHARES* - ----------------------------------------------------------------------------------------------------------------------------------- 9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 10.2% - ----------------------------------------------------------------------------------------------------------------------------------- 10 TYPE OF REPORTING PERSON* OO (sole proprietorship) - -----------------------------------------------------------------------------------------------------------------------------------
Page 6 7 SCHEDULE 14D-1
CUSIP No. 89581401 Page 7 of 13 Pages - ---------------------------------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Joseph Pell S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ---------------------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ---------------------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF, WC, PF, OO - ---------------------------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f) [ ] - ---------------------------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - ---------------------------------------------------------------------------------------------------------------------------------- 7 AGGREGATE AMOUNT BENEFICIALLY OWNED 2,012,158 BY EACH REPORTING PERSON - ---------------------------------------------------------------------------------------------------------------------------------- 8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES [ ] CERTAIN SHARES* - ---------------------------------------------------------------------------------------------------------------------------------- 9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 10.2% - ---------------------------------------------------------------------------------------------------------------------------------- 10 TYPE OF REPORTING PERSON* IN - ----------------------------------------------------------------------------------------------------------------------------------
Page 7 8 SCHEDULE 14D-1
CUSIP No. 89581401 Page 8 of 13 Pages - ---------------------------------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Eda Pell S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ---------------------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ---------------------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF, WC, PF, OO - ---------------------------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f) [ ] - ---------------------------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - ---------------------------------------------------------------------------------------------------------------------------------- 7 AGGREGATE AMOUNT BENEFICIALLY OWNED 2,012,158 BY EACH REPORTING PERSON - ---------------------------------------------------------------------------------------------------------------------------------- 8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES [ ] CERTAIN SHARES* - ---------------------------------------------------------------------------------------------------------------------------------- 9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 10.2% - ---------------------------------------------------------------------------------------------------------------------------------- 10 TYPE OF REPORTING PERSON* IN - ----------------------------------------------------------------------------------------------------------------------------------
Page 8 9 AMENDMENT NO. 1 TO SCHEDULE 14D-1/AMENDMENT NO. 11 TO SCHEDULE 13D This Amendment (this "Amendment") constitutes (i) Amendment No. 1 to the Tender Offer Statement on Schedule 14D-1 originally filed on April 1, 1998 (the "Schedule 14D-1") by TPL Acquisition, LLC, a Delaware limited liability company (the "Purchaser"), managed by Richard C. Blum & Associates, L.P., a California limited partnership ("RCBA"), and, upon consummation of the Offer, intended to be co-managed with Pell Development Company, a California sole proprietorship ("Pell", together, the "Managers"), relating to the offer by the Purchaser to purchase all outstanding membership interests, no par value (the "Membership Interests") of Triad Park, LLC, a Delaware limited liability company (the "Company"), including the associated rights to purchase Membership Interests issued pursuant to the Company's Rights Plan (as such term is defined in the Offer to Purchase) (the "Rights" and together with Membership Interests, the "Shares"), at a price of $1.80 per Share, net to the seller in cash, without interest thereon (the "Offer Price"), upon the terms and subject to the conditions set forth in the Offer to Purchase, dated April 1, 1998 (the "Offer to Purchase"), and in the related Letter of Transmittal, copies of which are attached to the Schedule 14D-1 as Exhibits (a) (1) and (a) (2), respectively (which collectively constitute the "Offer"); and (ii) Amendment No. 11 to the Schedule 13D (the "Schedule 13D"), filed by RCBA and its affiliates (along with TPL Acquisition, LLC, the "Blum Reporting Persons"), and Pell Development Company, Joseph Pell and Eda Pell (the "Pell Reporting Persons"). This Amendment amends and supplements the Schedule 14D-1 and Schedule 13D. All capitalized terms used in this Amendment without definition have the meanings attributed to them in the Schedule 14D-1. The items of the Schedule 14D-1 set forth below are hereby amended as follows: ITEM 10. ADDITIONAL INFORMATION. (a)-(e) None. (f) The information set forth in the Offer is hereby supplemented and amended to incorporate by reference the information set forth in the Supplement dated April 6, 1998 to the Offer to Purchase (the "Supplement"), a copy of which is attached hereto as Exhibit (a)(7). ITEM 11. MATERIAL TO BE FILED AS EXHIBITS. Item 11 is hereby supplemented and amended by adding the following exhibits: (a)(7) Supplement dated April 6, 1998 to the Offer to Purchase dated April 1, 1998. (a)(8) Press release issued by RCBA on April 6, 1998 relating to Supplement. Page 9 10 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: April 6, 1998 RICHARD C. BLUM & ASSOCIATES, L.P. RICHARD C. BLUM & ASSOCIATES, INC. By /s/ Murray A. Indick By /s/ Murray A. Indick ------------------------------- --------------------------------- Murray A. Indick Murray A. Indick Managing Director Managing Director, General Counsel and General Counsel and Secretary TPL ACQUISITION, LLC /s/ Murray A. Indick By: Richard C. Blum & Associates, L.P. ------------------------------------- Its Managing Member RICHARD C. BLUM By: Richard C. Blum & Associates, By Murray A. Indick, Attorney-in-Fact Inc., its sole general partner By: /s/ Murray A. Indick ------------------------- Murray A. Indick Managing Director and General Counsel PELL DEVELOPMENT COMPANY By /s/ Joseph Pell /s/ Joseph Pell ------------------------------- ------------------------------ Joseph Pell JOSEPH PELL Owner /s/ Eda Pell ------------------------------ EDA PELL Page 10 11 INDEX OF EXHIBITS Exhibit Exhibit Sequentially Number ------- Numbered - ------ Pages ----- (a)(7) Supplement dated April 6, 1998 to the Offer to Purchase (the "Supplement"). (a)(8) Press release issued by RCBA on April 6, 1998 relating to Supplement. Page 11 EX-99.A.7 2 SUPPLEMENT DATED 4/16/98 TO THE OFFER TO PURCHASE 1 EXHIBIT (a)(7) SUPPLEMENT DATED APRIL 6, 1998 TO OFFER TO PURCHASE FOR CASH ANY AND ALL OUTSTANDING MEMBERSHIP INTERESTS, NO PAR VALUE, (INCLUDING THE ASSOCIATED RIGHTS TO PURCHASE ADDITIONAL MEMBERSHIP INTERESTS) OF TRIAD PARK, LLC AT $1.80 NET PER SHARE BY TPL ACQUISITION, LLC THE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 12:00 MIDNIGHT, NEW YORK CITY TIME, ON APRIL 29, 1998, UNLESS THE OFFER IS EXTENDED. To the Holders of Shares of Triad Park, LLC: This Supplement amends and supplements the Offer to Purchase dated April 1, 1998 (the "Offer to Purchase") of TPL Acquisition, LLC, a Delaware limited liability company (the "Purchaser"), solely managed by Richard C. Blum & Associates, L.P., a California limited partnership ("RCBA"), and, upon consummation of the Offer, intended to be co-managed with Pell Development Company, a California sole proprietorship ("Pell" and together with RCBA, the "Managers"), with respect to the tender offer made by the Purchaser to purchase all outstanding membership interests, no par value (the "Membership Interests") of Triad Park, LLC, a Delaware limited liability company (the "Company"), including the associated rights to purchase Membership Interests issued pursuant to the Rights Plan (as such term is defined herein) (the "Rights" and together with Membership Interests, the "Shares"), at a price of $1.80 per Share, net to the seller in cash, without interest thereon (the "Offer Price"), upon the terms and subject to the conditions set forth in this Offer to Purchase and in the related Letter of Transmittal (which, as amended from time to time, together constitute the "Offer"). This Supplement, the Offer to Purchase and the related Letter of Transmittal contain important information which should be read before any decision is made with respect to the Offer. 1. The first two sentences of the paragraph beginning "The Purchaser expressly reserves the right . . ." in Section 1 on page 16 of the Offer are hereby deleted. 2. The following sentence is hereby added after the sentence ending ". . . (iv) amend the Offer." in Section 1 on page 16 of the Offer: Notwithstanding the preceding sentence, the Purchaser reserves the right to amend the Offer prior to the Expiration Date in a manner that improves the terms of the Offer for the Company's shareholders (e.g., to eliminate or restrict the conditions, to increase the Offer Price, etc.). 3. The phrase "and in addition to (and not in limitation of) the Purchaser's rights to extend and amend the Offer at any time in its sole discretion," in the first sentence in Section 11 on page 27 of the Offer is hereby deleted. Page 12 2 4. The condition set forth in clause (a) of Section 11 on page 27 of the Offer is hereby waived in its entirety. 5. The condition set forth in clause (b) of Section 11 on page 27 of the Offer is hereby amended and restated in its entirety as follows: (b) there shall be any temporary restraining order, preliminary or permanent injunction or other order by any court or other judicial or administrative body of competent jurisdiction (each, an "Injunction") which prohibits or prevents the consummation of the Offer and/or the Merger which remains in effect, or there shall be any action taken, or any statute, rule, regulation or order (whether temporary, preliminary or permanent) enacted, entered or enforced which makes the consummation of the Offer and/or the Merger illegal or prevents or prohibits the Offer and/or the Merger; 6. The condition set forth in clause (c) of Section 11 on pages 27-28 of the Offer is hereby amended and restated in its entirety as follows: (c) except as disclosed in the Company SEC Reports (as defined in the RCBA Merger Agreement) filed prior to the date hereof or in the Disclosure Schedule (as defined in the RCBA Merger Agreement), since February 10, 1997, the date the Company was organized, there has been (i) any transaction, commitment, dispute or other event or condition (financial or otherwise) of any character (whether or not in the ordinary course of business), individually or in the aggregate, having a Material Adverse Effect (as defined in the RCBA Merger Agreement); (ii) any damage, destruction or loss, whether or not covered by insurance, which, insofar as reasonably can be foreseen, in the future would be likely to have a Material Adverse Effect (as defined in the RCBA Merger Agreement); (iii) any declaration, setting aside or payment of any dividend or other distribution (whether in cash, stock or property) with respect to the Company Shares (as defined in the RCBA Merger Agreement); (iv) any material increase in the benefits under, or the establishment or amendment of, any bonus, insurance, severance, deferred compensation, pension, retirement, profit sharing, performance awards, Company Share purchase or other employee benefit plan, or any increase in the compensation payable or to become payable to any of the employees of the Company, except for increases in salaries or wages payable or to become payable in the ordinary course of business and consistent with past practice; (v) any change by the Company in its significant accounting policies; or (vi) any entry into any commitment or transaction material to the Company (including, without limitation, any borrowing or sale of assets) except in the ordinary course of business consistent with past practice; 7. The condition set forth in clause (d) of Section 11 on page 28 of the Offer is hereby waived in its entirety. 8. The condition set forth in clause (e) of Section 11 on page 28 of the Offer is hereby amended and restated in its entirety as follows: (e) the Company shall or shall propose to (A) sell or pledge or agree to sell or pledge any Membership Interest; (B) amend its limited liability company agreement or by-laws; (C) split, combine or reclassify its outstanding Membership Interests or issue or authorize or propose the issuance of any other securities in respect of, in lieu of or in substitution for shares of Membership Interests of the Company, or declare, set aside or pay any dividend or other distribution payable in cash, securities or other property; or (D) Page 13 3 directly or indirectly redeem, purchase or otherwise acquire or agree to redeem, purchase or otherwise acquire any Shares; 9. The condition set forth in clause (f) of Section 11 on pages 28-29 of the Offer is hereby amended and restated in its entirety as follows: (f) a tender or exchange offer for any Shares shall have been made or publicly proposed to be made by any other person (including the Company or any of its subsidiaries or affiliates) at an offer price higher than that offered by Purchaser, or it shall have been publicly disclosed or Purchaser shall have otherwise learned that any person or "group" (within the meaning of Section 13(d)(3) of the Exchange Act) shall have acquired or proposed to acquire beneficial ownership of more than 20% of any class or series of capital stock of the Company (including the Shares), through the acquisition of stock, the formation of a group or otherwise, or shall have been granted any right, option or warrant, conditional or otherwise, to acquire beneficial ownership of more than 20% of any class or series of capital stock of the Company (including the Shares), other than acquisitions for bona fide arbitrage purposes only and other than as disclosed in a Schedule 13D or 13G on file with the Commission prior to April 1, 1998; 10. The condition set forth in clause (g) of Section 11 on page 29 of the Offer is hereby waived in its entirety. Page 14 EX-99.A.8 3 PRESS RELEASE 1 EXHIBIT (a)(8) RICHARD C. BLUM & ASSOCIATES, L.P. 909 MONTGOMERY STREET, SUITE 400 SAN FRANCISCO, CA 94133-4625 FAX: (415) 434-3130 TELEPHONE: (415) 434-1111 News From: Richard C. Blum & Associates, L.P. Contact: Rick Mariano, 415/434-1111 RICHARD C. BLUM & ASSOCIATES AMENDS TENDER OFFER FOR TRIAD PARK (TICKER: TDPK) BY DELETING CERTAIN CONDITIONS; CONSIDERATION REMAINS $1.80 PER SHARE Richard C. Blum & Associates ("RCBA") announced today that its affiliate TPL Acquisition, LLC had amended its previously announced cash tender offer for all the outstanding membership interests (the "Shares") of Triad Park, LLC, a Delaware limited liability company, at a price of $1.80 per Share. The amendment removes certain conditions set forth in the tender offer commenced on April 1. The conditions are now substantively conformed to conditions set forth in a merger agreement between RCBA and Triad Park that was terminated on February 1, 1998. In addition, the tender offer is still conditioned upon, among other things, (i) there being validly tendered and not withdrawn a sufficient number of Shares that, when combined with the Shares already owned by RCBA, would constitute a majority of all outstanding Shares, (ii) redemption or waiver of Triad Park's rights plan, and (iii) termination of the merger agreement between Triad Park and The Kontrabecki Group, Inc. The other terms and conditions in the tender offer are unchanged, including the consideration to Triad Park shareholders of $1.80 per share. Page 15 -----END PRIVACY-ENHANCED MESSAGE-----