-----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, pyaWkjmSfBWHD0ChWLHc2jNp4hxksLBcUN1FO8HKR28ABEMuEPEYF8TrA3PXT6Zh qMCDnWHoS0xi7Aizramr7Q== 0000950112-95-001028.txt : 19950415 0000950112-95-001028.hdr.sgml : 19950414 ACCESSION NUMBER: 0000950112-95-001028 CONFORMED SUBMISSION TYPE: SC 14D9/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19950413 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 14D9/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-14164 FILM NUMBER: 95528761 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: 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 14D9/A 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 SC 14D9/A 1 CLARK EQUIPMENT COMPANY SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________ SCHEDULE 14D-9 (Amendment No. 1) Solicitation/Recommendation Statement Pursuant to Section 14(d)(4) of the Securities Exchange Act of 1934 __________________________ CLARK EQUIPMENT COMPANY (Name of Subject Company) CLARK EQUIPMENT COMPANY (Name of Person(s) Filing Statement) Common Stock, Par Value $7.50 Per Share (Including the Associated Preferred Stock Purchase Rights) (Title of Class of Securities) 181396 10 2 (CUSIP Number of Class of Securities) Bernard D. Henely, Esq. Vice President, General Counsel and Secretary Clark Equipment Company 100 North Michigan Street South Bend, Indiana 46634 (219) 239-0100 (Name, address and telephone number of person authorized to receive notice and communications on behalf of the person(s) filing statement) Copy to: William F. Wynne, Jr., Esq. White & Case 1155 Avenue Of The Americas New York, New York 10036 (212) 819-8200 This Amendment No. 1 amends and supplements the Solicitation/Recommendation Statement on Schedule 14D-9 dated April 12, 1995 (the "Schedule 14D-9"), of Clark Equipment Company, a Delaware corporation (the "Company") filed in connection with the tender offer made by CEC Acquisition Corp., a Delaware corporation (the "Purchaser") and a wholly-owned subsidiary of Ingersoll-Rand, a New Jersey corporation ("Ingersoll-Rand") to purchase all of the outstanding shares of Common Stock, $7.50 par value (the "Common Stock"), and the associated preferred stock purchase rights (the "Rights" and, together with the Common Stock, the "Shares") issued pursuant to the Rights Agreement dated March 10, 1987, as amended and restated as of August 14, 1990, and as amended as of April 10, 1995 (the "Rights Agreement") between the Company and Harris Trust and Savings Bank, as Rights Agent (the "Rights Agent"). Capitalized terms used herein shall have the definitions set forth in the Schedule 14D-9 unless otherwise provided herein. Item 8. Additional Information to be Furnished. Item 8 is hereby amended and supplemented by adding thereto the following: On April 13, 1995, the Company consummated the sale of its 50% interest in VME Group N.V. (the "VME Group") pursuant to the Stock Purchase Agreement, dated March 5, 1995, by and among the Company, AB Volvo and Clark-Hurth Components Marketing Company (the "VME Sale Agreement") (which agreement is described in the Company's Current Report on Form 8-K filed with the Commission on March 6, 1995). The total cash consideration paid to the Company in connection with the sale of the VME Group in accordance with the VME Sale Agreement was $573 million plus accrued interest. The consummation of the VME Sale Agreement is one of the conditions to the Offer by the Purchaser which required that the cash proceeds of the sale of the VME Group be not less than $573 million. The Company issued a press release with respect thereto on April 13, 1995. A copy of such press release is filed as Exhibit 18 hereto and incorporated herein by reference. Item 9. Material to be Filed as Exhibits. Item 9 is hereby amended and supplemented by adding thereto the following: Exhibit 18 -- Press release issued by the Company on April 13, 1995. -2- 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. CLARK EQUIPMENT COMPANY By: /s/ Bernard D. Henely --------------------------- Name: Bernard D. Henely Title: Vice President and General Counsel Dated: April 13, 1995 EXHIBIT INDEX ------------- Exhibit No. Description __________ __________ 18 Press release issued by the Company on April 13, 1995. EX-18 2 EXHIBIT 18 CLARK EQUIPMENT COMPLETES ------------------------- SALE OF CONSTRUCTION MACHINERY INVESTMENT ----------------------------------------- SOUTH BEND, INDIANA, April 13, 1995 -- Clark Equipment Company (NYSE: CKL) today announced the completion of the sale of its 50 percent interest in VME Group N.V. to AB Volvo of Sweden for $573 million. Clark expects to record a gain on the sale of approximately $270 million, or $15.50 per share in 1995, and have net cash proceeds of $430 million. VME is a major international manufacturer of wheel loaders, excavators, articulated haulers and rigid trucks. VME sales for 1994 were $1.6 billion, and it had operating income of approximately $210 million. The company has production plants in Sweden, North America, Germany and Brazil with 6,900 employees worldwide. Clark Equipment Company designs, manufacturers and markets compact construction machinery, asphalt paving equipment, golf cars, light utility vehicles, and axles and transmissions for off-highway equipment. -----END PRIVACY-ENHANCED MESSAGE-----