-----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, S0HeLdh/d9yKzeUW4w3Qv5w0/8JHvBXFJDkUpnVzTKy+dZZEPhpGHJdipIYu3ych C/T/3881ISWzy6OmKyjd7A== 0000950172-99-000694.txt : 19990608 0000950172-99-000694.hdr.sgml : 19990608 ACCESSION NUMBER: 0000950172-99-000694 CONFORMED SUBMISSION TYPE: SC 14D1/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19990607 GROUP MEMBERS: CFN ACQUISITION CORPORATION GROUP MEMBERS: LEE SARA CORP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CHOCK FULL O NUTS CORP CENTRAL INDEX KEY: 0000020041 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FOOD PREPARATIONS & KINDRED PRODUCTS [2090] IRS NUMBER: 130697025 STATE OF INCORPORATION: NY FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-03132 FILM NUMBER: 99641401 BUSINESS ADDRESS: STREET 1: 370 LEXINGTON AVE STREET 2: 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2125320300 MAIL ADDRESS: STREET 1: 370 LEXINGTON AVENUE STREET 2: 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CHOCK FULL O NUTS CORP CENTRAL INDEX KEY: 0000020041 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FOOD PREPARATIONS & KINDRED PRODUCTS [2090] IRS NUMBER: 130697025 STATE OF INCORPORATION: NY FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 14D1/A SEC ACT: SEC FILE NUMBER: 005-03132 FILM NUMBER: 99641402 BUSINESS ADDRESS: STREET 1: 370 LEXINGTON AVE STREET 2: 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2125320300 MAIL ADDRESS: STREET 1: 370 LEXINGTON AVENUE STREET 2: 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LEE SARA CORP CENTRAL INDEX KEY: 0000023666 STANDARD INDUSTRIAL CLASSIFICATION: FOOD & KINDRED PRODUCTS [2000] IRS NUMBER: 362089049 STATE OF INCORPORATION: MD FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 14D1/A BUSINESS ADDRESS: STREET 1: THREE FIRST NATIONAL PLZ STREET 2: STE 4600 CITY: CHICAGO STATE: IL ZIP: 60602 BUSINESS PHONE: 3127262600 MAIL ADDRESS: STREET 1: THREE FIRST NATL PLZ STREET 2: SUITE 4600 CITY: CHICAGO STATE: IL ZIP: 60602 FORMER COMPANY: FORMER CONFORMED NAME: CONSOLIDATED FOODS CORP DATE OF NAME CHANGE: 19850402 FORMER COMPANY: FORMER CONFORMED NAME: CONSOLIDATED GROCERD CORP DATE OF NAME CHANGE: 19731220 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LEE SARA CORP CENTRAL INDEX KEY: 0000023666 STANDARD INDUSTRIAL CLASSIFICATION: FOOD & KINDRED PRODUCTS [2000] IRS NUMBER: 362089049 STATE OF INCORPORATION: MD FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 14D1/A BUSINESS ADDRESS: STREET 1: THREE FIRST NATIONAL PLZ STREET 2: STE 4600 CITY: CHICAGO STATE: IL ZIP: 60602 BUSINESS PHONE: 3127262600 MAIL ADDRESS: STREET 1: THREE FIRST NATL PLZ STREET 2: SUITE 4600 CITY: CHICAGO STATE: IL ZIP: 60602 FORMER COMPANY: FORMER CONFORMED NAME: CONSOLIDATED FOODS CORP DATE OF NAME CHANGE: 19850402 FORMER COMPANY: FORMER CONFORMED NAME: CONSOLIDATED GROCERD CORP DATE OF NAME CHANGE: 19731220 SC 14D1/A 1 SCHEDULE 14D1 AMENDMENT NO. 5 AND SCHEDULE 13D/A AMENDMENT NO. 7 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14D-1/A (AMENDMENT NO. 5) TENDER OFFER STATEMENT PURSUANT TO SECTION 14(D)(1) OF THE SECURITIES EXCHANGE ACT OF 1934 AND SCHEDULE 13D/A (AMENDMENT NO. 7) UNDER THE SECURITIES EXCHANGE ACT OF 1934 ________________ CHOCK FULL O'NUTS CORPORATION (NAME OF SUBJECT COMPANY) CFN ACQUISITION CORPORATION SARA LEE CORPORATION (BIDDERS) ________________ COMMON STOCK, PAR VALUE $.25 PER SHARE 7% CONVERTIBLE SENIOR SUBORDINATED DEBENTURES DUE APRIL 1, 2012 8% CONVERTIBLE SUBORDINATED DEBENTURES DUE SEPTEMBER 15, 2006 (TITLE OF CLASS OF SECURITIES) ________________ 170268 170268AC0 170268AB2 (CUSIP NUMBER OF CLASS OF SECURITIES) ________________ JANET LANGFORD KELLY, ESQ. SENIOR VICE PRESIDENT, SECRETARY AND GENERAL COUNSEL SARA LEE CORPORATION THREE FIRST NATIONAL PLAZA CHICAGO, ILLINOIS 60602 TELEPHONE: (312) 726-2600 (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS ON BEHALF OF BIDDERS) COPY TO: CHARLES W. MULANEY, JR. ESQ. SKADDEN, ARPS, SLATE, MEAGHER & FLOM (ILLINOIS) 333 WEST WACKER DRIVE, SUITE 2300 CHICAGO, ILLINOIS 60606-1285 TELEPHONE: (312) 407-0700 CFN Acquisition Corporation, a New York corporation ("Purchaser") and a wholly owned subsidiary of Sara Lee Corporation, a Maryland corporation ("Sara Lee"), and Sara Lee hereby amend and supplement their Tender Offer Statement on Schedule 14D-1 (as amended from time to time, the "Schedule 14D-1"), originally filed with the Securities and Exchange Commission on May 7, 1999, with respect to Purchaser's offer to purchase (i) all of the outstanding shares of common stock, par value $.25 per share, and the associated common stock purchase rights (the "Rights") issued pursuant to the Amended and Restated Rights Agreement, dated as of December 30, 1997, by and between Chock Full O'Nuts Corporation, a New York corporation (the "Company"), and the American Stock Transfer & Trust Company, as Rights Agent (such shares of common stock and the associated Rights, collectively, the "Shares"), of the Company , at a price of $10.50 per Share, (ii) all of the outstanding 7% Convertible Senior Subordinated Debentures due April 1, 2012 (the "7% Debentures"), at a price of $1,275.82 per $1,000 principal amount, and (iii) all of the outstanding 8% Convertible Subordinated Debentures due September 15, 2006 (the "8% Debentures" and, together with the 7% Debentures, the "Convertible Debentures"), at a price of $1,344.43 per $1,000 principal amount, the respective offer prices being net to the seller in cash, without interest thereon, upon the terms and subject to the conditions set forth in the Offer to Purchase and in the applicable Letters of Transmittal referred to in the Schedule 14D-1 (which, as they may be amended or supplemented from time to time, together constitute the "Offer"). Unless otherwise indicated herein, each capitalized term used herein but not defined herein shall have the meaning ascribed to such term in the Schedule 14D-1 or in the Offer to Purchase referred to therein. ITEM 10. ADDITIONAL INFORMATION. The information set forth in Item 10(f) of the Schedule 14D-1 is hereby amended and supplemented by the following information: On June 7, 1999, Sara Lee issued a press release announcing the extension of the Expiration Date of the Offer until 5:00 p.m., New York City time, on Friday, June 18, 1999. The Offer was previously scheduled to expire at 12:00 midnight on June 4, 1999. As of midnight, New York City time, on June 4, 1999, 5,572,167 Shares, $28,454,000 principal amount of the 7% Debentures and $17,506,000 principal amount of the 8% Debentures were validly tendered and not withdrawn, which (on an as converted basis), together with the 598,328 shares already beneficially owned by Sara Lee, represents approximately 56% of the shares of Chock Full O'Nuts outstanding and approximately 63% of the shares of Chock Full O'Nuts outstanding that are not owned or controlled by management of Chock Full O'Nuts, each on a fully diluted basis. Sara Lee also disclosed that its representatives have had discussions over the past few days with representatives of Chock Full O'Nuts Corporation regarding a potential merger between the parties and that such discussions are continuing. There can be no assurance that the parties will be able to reach an agreement with respect to any such transaction. The full text of the press release is filed as Exhibit (a)(12) hereto and is incorporated by reference herein. ITEM 11. MATERIALS TO BE FILED AS EXHIBITS. (a)(12) Press Release of Sara Lee dated June 7, 1999. 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. Date: June 7, 1999 CFN ACQUISITION CORPORATION By: /s/ R. Henry Kleeman -------------------------------- Name: R. Henry Kleeman Title: Vice President and Assistant Secretary SARA LEE CORPORATION By: /s/ R. Henry Kleeman --------------------------------- Name: R. Henry Kleeman Title: Chief Counsel Corporate & Securities and Assistant Secretary INDEX TO EXHIBITS Exhibit Number Exhibit -------------- ------- (a)(12) Press Release of Sara Lee dated June 7, 1999. EX-99 2 EXHIBIT (A)(12) - PRESS RELEASE Exhibit (a)(12) Media: Jeffrey Smith, 312.558.8727 Analysts: Janet Bergman, 312.558.8651 SARA LEE CORPORATION ANNOUNCES POSITIVE SHAREHOLDER RESPONSE TO TENDER OFFER; EXTENDS TENDER OFFER FOR CHOCK FULL O'NUTS CORPORATION Chicago (June 7, 1999) - Sara Lee Corporation today announced that holders of more than a majority of the outstanding shares of Chock full o'Nuts Corporation on a fully-diluted basis have tendered in response to its cash tender offer. Sara Lee also announced that it has extended its cash tender offer to purchase all outstanding shares of common stock of Chock full o'Nuts Corporation at $10.50 net per share, all of its outstanding 7% Convertible Senior Subordinated Debentures due 2012 at $1,275.82 net per $1,000 principal amount and all of its outstanding 8% Convertible Subordinated Debentures due 2006 at $1,344.43 net per $1,000 principal amount until 5:00 p.m., New York City time, on Friday, June 18, 1999. The tender offer was previously scheduled to expire at 12:00 midnight on June 4, 1999. "We are very pleased that a substantial majority of Chock full o'Nuts' unaffiliated shareholders chose to tender their shares in response to our offer," said C. Steven McMillan, president and chief operating officer of Sara Lee Corporation. As of midnight on June 4, 1999, Chock full o'Nuts shareholders and debentureholders had validly tendered 5,572,167 shares of common stock, $28,454,000 principal amount of 7% convertible debentures and $17,506,000 principal amount of 8% convertible debentures, which (on an as- converted basis), together with the shares already beneficially owned by Sara Lee, represents approximately 56% of the shares of Chock full o'Nuts outstanding and approximately 63% of the shares of Chock full o'Nuts outstanding that are not owned or controlled by management of Chock full o'Nuts, each on a fully diluted basis. Sara Lee also disclosed that its representatives have had discussions over the past few days with representatives of Chock full o'Nuts Corporation regarding a potential merger between the parties and that such discussions are continuing. There can be no assurance that the parties will be able to reach an agreement with respect to any such transaction. Sara Lee Corporation is a global consumer packaged goods company with more than $20 billion in annual revenues. Its leading brands include Sara Lee, Douwe Egberts, Hillshire Farm, Hanes, Coach and Playtex. -----END PRIVACY-ENHANCED MESSAGE-----