-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, qWtIoFMvH/GmxZ6Cj4uwH2ZJiAcB0z1YyDobiiH53n7IX8DIBA+rABIGKL/jXuM3 PhacN3UxDyjlRxIa3bFMnA== 0000893750-95-000108.txt : 19950531 0000893750-95-000108.hdr.sgml : 19950531 ACCESSION NUMBER: 0000893750-95-000108 CONFORMED SUBMISSION TYPE: SC 14D1/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19950526 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CLARK EQUIPMENT CO /DE/ CENTRAL INDEX KEY: 0000109710 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL TRUCKS TRACTORS TRAILERS & STACKERS [3537] IRS NUMBER: 380425350 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D1/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-14164 FILM NUMBER: 95543022 BUSINESS ADDRESS: STREET 1: 100 N MICHIGAN ST STREET 2: PO BOX 7008 CITY: SOUTH BEND STATE: IN ZIP: 46634 BUSINESS PHONE: 2192390100 MAIL ADDRESS: STREET 1: 100 N MICHIGAN ST P O BOX 7008 STREET 2: 100 N MICHIGAN ST P O BOX 7008 CITY: SOUTH BEND STATE: IN ZIP: 46634 FORMER COMPANY: FORMER CONFORMED NAME: CLARK EQUIPMENT CO DATE OF NAME CHANGE: 19691109 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: INGERSOLL RAND CO CENTRAL INDEX KEY: 0000050485 STANDARD INDUSTRIAL CLASSIFICATION: GENERAL INDUSTRIAL MACHINERY & EQUIPMENT [3560] IRS NUMBER: 135156640 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D1/A BUSINESS ADDRESS: STREET 1: 200 CHESTNUT RIDGE RD CITY: WOODCLIFF LAKE STATE: NJ ZIP: 07675 BUSINESS PHONE: 2015730123 MAIL ADDRESS: STREET 1: 200 CHESTNUT RIDGE ROAD CITY: WOODCLIFF LAKE STATE: NJ ZIP: 07675 SC 14D1/A 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________ AMENDMENT No. 11 TO SCHEDULE 14D-1 Tender Offer Statement Pursuant to Section 14(d)(1) of the Securities Exchange Act of 1934 __________________ Clark Equipment Company (Name of Subject Company) CEC Acquisition Corp. Ingersoll-Rand Company (Bidder) Common Stock, $7.50 par value per share (Title of Class of Securities) 18139610 (CUSIP Number of Class of Securities) Patricia Nachtigal, Esq. Vice President and General Counsel Ingersoll-Rand Company World Headquarters 200 Chestnut Ridge Road Woodcliff Lake, New Jersey 07675 Telephone: (201) 573-0123 (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 This Amendment No. 11 amends and supplements the Tender Offer Statement on Schedule 14D-1 filed on April 3, 1995 (as amended and supplemented, the "Schedule 14D-1") relating to the offer by CEC Acquisition Corp., a Delaware corporation (the "Purchaser") and a wholly owned subsidiary of Ingersoll-Rand Company, a New Jersey corporation (the "Parent"), to purchase all of the outstanding shares of Common Stock, $7.50 par value per share (the "Shares"), of Clark Equipment Company, a Delaware corporation (the "Company"), and the associated Preferred Stock Purchase Rights (the "Rights") issued pursuant to the Rights Agreement dated as of March 10, 1987, as amended and restated as of August 14, 1990, and as amended as of April 10, 1995 between the Company and Harris Trust and Savings Bank, as Rights Agent, at a purchase price of $86.00 per Share (and associated Right), 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 3, 1995, as amended and supplemented on April 12, 1995 (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. The information provided in this Amendment No. 11 under Item 6 is incorporated herein by reference. Item 6. Interest in Securities of the Subject Company. Item 6 of the Schedule 14D-1 is hereby amended and supplemented as follows: At 5:00 P.M., New York City time, on Thursday, May 25, 1995, the Offer expired. Based on information provided by the Depositary, a total of approximately 16,700,000 Shares (or approximately 97.7% of the Shares outstanding) (including approximately 1,900,000 Shares subject to guarantee of delivery) were validly tendered and not properly withdrawn pursuant to the Offer. The Purchaser has accepted for payment, and has notified the Depositary to promptly pay for, the tendered and accepted Shares at the purchase price of $86.00 per Share in cash. Pursuant to the Merger Agreement, effective May 25, 1995, the Board of Directors of Clark was reconstituted and is now comprised of Leo J. McKernan and the following six designees of the Parent: Thomas F. McBride, William J. Armstrong, Patricia Nachtigal, Donald H. Rice, Gerald E. Swimmer and Ronald G. Heller. Pursuant to the Merger Agreement, the Purchaser intends to merge itself into the Company in accordance with the Delaware General Corporation Law as promptly as practicable. As a result of the Merger, the Company will become 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 subsidiary of the Parent or the Company, and Shares owned by stockholders who choose to dissent and demand appraisal of their Shares) shall be cancelled, extinguished, and converted into the right to receive $86.00 per Share in cash, without interest, less any applicable withholding taxes. The consummation of the Offer was publicly announced in press releases issued by the Parent on May 26, 1995, copies of which are filed as Exhibit 11(a)(26) and 11(a)(27) hereto and incorporated herein by reference. Item 11. Material to be Filed as Exhibits 11(a)(26) 11(a)(27) EXHIBIT INDEX Exhibit Page No. Description No. (a)(26) Press release issued by the Parent on May 26, 1995 . . . (a)(27) Press release issued by the Parent on May 26, 1995 . . . 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. INGERSOLL-RAND COMPANY By: /s/ James E. Perrella Name: James E. Perrella Title: Chairman, President and Chief Executive Officer CEC ACQUISITION CORP. By: /s/ Thomas F. McBride Name: Thomas F. McBride Title: President Date: May 26, 1995 EX-11.(A)(26) 2 [I-R Logo] NEWS Corporate Communications Woodcliff Lake, New Jersey 07675 CONTACT: FOR RELEASE: _______________________________________________________ Thomas F. McBride For Immediate Release Senior Vice President and Chief Financial Officer (201) 573-3486 INGERSOLL-RAND SUCCESSFULLY COMPLETES CASH TENDER OFFER AND ACQUIRES IN EXCESS OF 90% OF THE SHARES OF CLARK EQUIPMENT COMPANY Woodcliff Lake, New Jersey (May 26, 1995) -- Ingersoll-Rand Company today announced that its cash offer for all outstanding shares of common stock of Clark Equipment Company expired, as scheduled, at 5:00 P.M., New York City time on Thursday, May 25, 1995, Ingersoll-Rand, through its subsidiary making the offer, has accepted for purchase all shares validly tendered and not properly withdrawn prior to the expiration of the offer. The acceptance of these shares in the tender offer results in Ingersoll- Rand's ownership of in excess of 90% of Clark's outstanding common stock. In the second step of the acquisition, Clark will be merged with a subsidiary of Ingersoll-Rand and each Clark share not previously purchased in the tender offer will be converted into the right to receive $86.00 in cash. The merger will be completed as soon as practicable. Ingersoll-Rand's acquisition of Clark Equipment creates a global industrial manufacturer with combined annual sales of over $5.5 billion and more than 40,000 employees worldwide. James E. Perrella, chairman, president and chief executive officer of Ingersoll-Rand, said, "This acquisition advances Ingersoll-Rand's commitment to expanding our domestic and global product lines and enhancing the company's already strong competitive position. We are delighted to bring Clark and its employees into the Ingersoll-Rand Family." #### EX-11.(A)(27) 3 [I-R Logo] NEWS Corporate Communications Woodcliff Lake, New Jersey 07675 CONTACT: FOR RELEASE: _______________________________________________________ Thomas F. McBride For Immediate Release Senior Vice President and Chief Financial Officer (201) 573-3486 INGERSOLL-RAND SUCCESSFULLY ACQUIRES IN EXCESS OF 97% OF THE SHARES OF CLARK EQUIPMENT COMPANY Woodcliff Lake, New Jersey (May 26, 1995) -- Ingersoll-Rand Company today announced that, based on information provided by the Depositary, a total of approximately 16,700,000 shares of Clark Equipment Company (or approximately 97.7% of the outstanding shares of Clark) were validly tendered and not properly withdrawn pursuant to its cash offer for all outstanding shares of Clark. Such share amount includes approximately 1,900,000 shares subject to guarantee of delivery. Ingersoll-Rand said earlier today that it has accepted for purchase all shares validly tendered and not properly withdrawn prior to the expiration of the offer and that it will complete the merger with Clark as soon as practicable. #### -----END PRIVACY-ENHANCED MESSAGE-----