-----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, NRjsjuNQ3mau7SPqaGe16AoBv7SgIO4lcJzTvLke71Qmv8EWUZNk4JGiXdlmYWfI F0mXOHR/kcHuH2Y/LhWs6Q== 0000891836-99-000877.txt : 19991222 0000891836-99-000877.hdr.sgml : 19991222 ACCESSION NUMBER: 0000891836-99-000877 CONFORMED SUBMISSION TYPE: SC 14D9/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19991221 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: COLUMBIA ENERGY GROUP CENTRAL INDEX KEY: 0000022099 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION & DISTRIBUTION [4923] IRS NUMBER: 131594808 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D9/A SEC ACT: SEC FILE NUMBER: 005-10049 FILM NUMBER: 99778385 BUSINESS ADDRESS: STREET 1: 13880 DULLES CORNER LANE STREET 2: SUITE 300 CITY: HENDERON STATE: VA ZIP: 20171-4600 BUSINESS PHONE: 7035616000 MAIL ADDRESS: STREET 1: 13880 DULLES CORNER LANE STREET 2: SUITE 300 CITY: HERNDON STATE: VA ZIP: 20171-4600 FORMER COMPANY: FORMER CONFORMED NAME: COLUMBIA GAS SYSTEM INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: COLUMBIA ENERGY GROUP CENTRAL INDEX KEY: 0000022099 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION & DISTRIBUTION [4923] IRS NUMBER: 131594808 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D9/A BUSINESS ADDRESS: STREET 1: 13880 DULLES CORNER LANE STREET 2: SUITE 300 CITY: HENDERON STATE: VA ZIP: 20171-4600 BUSINESS PHONE: 7035616000 MAIL ADDRESS: STREET 1: 13880 DULLES CORNER LANE STREET 2: SUITE 300 CITY: HERNDON STATE: VA ZIP: 20171-4600 FORMER COMPANY: FORMER CONFORMED NAME: COLUMBIA GAS SYSTEM INC DATE OF NAME CHANGE: 19920703 SC 14D9/A 1 AMENDMENT NO. 57 TO SCHEDULE 14D-9 ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14D-9 SOLICITATION/RECOMMENDATION STATEMENT PURSUANT TO SECTION 14(d)(4) OF THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 57) COLUMBIA ENERGY GROUP (NAME OF SUBJECT COMPANY) COLUMBIA ENERGY GROUP (NAME OF PERSON(S) FILING STATEMENT) COMMON STOCK, PAR VALUE $0.01 (TITLE OF CLASS OF SECURITIES) 197648108 (CUSIP NUMBER OF CLASS OF SECURITIES) MICHAEL W. O'DONNELL SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER COLUMBIA ENERGY GROUP 13880 DULLES CORNER LANE HERNDON, VIRGINIA 20171 (703) 561-6000 (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICE AND COMMUNICATIONS ON BEHALF OF THE PERSON(S) FILING STATEMENT) COPY TO: NEIL T. ANDERSON, ESQ. SULLIVAN & CROMWELL 125 BROAD STREET NEW YORK, NEW YORK 10004 (212) 558-4000 ================================================================================ This Amendment No. 57 amends and supplements the Solicitation/ Recommendation Statement on Schedule 14D-9 filed with the Securities and Exchange Commission on July 6, 1999, and as subsequently amended July 6, 1999, July 9, 1999, July 12, 1999, July 15, 1999, July 16, 1999, July 20, 1999, July 22, 1999, July 30, 1999, August 3, 1999, August 4, 1999, August 5, 1999, August 6, 1999, August 9, 1999, August 11, 1999, August 12, 1999, August 13, 1999, August 16, 1999, August 17, 1999, August 19, 1999, August 31, 1999, September 2, 1999, September 3, 1999, September 7, 1999, September 9, 1999, September 10, 1999, September 13, 1999, September 14, 1999, September 15, 1999, September 16, 1999, September 17, 1999, September 20, 1999, September 21, 1999, September 22, 1999, September 23, 1999, September 24, 1999, September 27, 1999, September 28, 1999, September 29, 1999, September 30, 1999, October 1, 1999, October 4, 1999, October 5, 1999, October 6, 1999, October 7, 1999, October 12, 1999, October 13, 1999, October 14, 1999, October 18, 1999, October 25, 1999, October 26, 1999, October 10, 1999, November 12, 1999, November 19, 1999, December 10, 1999 and December 21, 1999 (as so amended, the "Schedule 14D-9"), by Columbia Energy Group, a Delaware corporation (the "Company"), relating to the tender offer by NiSource Inc., an Indiana corporation, to purchase for cash through its wholly-owned subsidiary, CEG Acquisition Corp., a Delaware corporation, all of the outstanding common shares, par value $0.01 per share, of the Company (the "Offer"). Capitalized terms used but not defined herein have the meaning ascribed to them in the Schedule 14D-9. ITEM 9. MATERIAL TO BE FILED AS EXHIBITS. Item 9 is hereby supplemented and amended by adding the following: Exhibit (a)(43) - Questions and Answers Sheet for Employees of the Company. 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. COLUMBIA ENERGY GROUP By: /s/ Michael W. O'Donnell --------------------------------- Name: Michael W. O'Donnell Title: Senior Vice President and Chief Financial Officer Dated: December 21, 1999 Exhibit List Exhibit (a)(43) - Questions and Answers Sheet for Employees of the Company. EX-99.(A)(43) 2 QUESTIONS AND ANSWERS SHEET December 21, 1999 FOR COLUMBIA EMPLOYEES The following is an update on Columbia's progress in its ongoing exploration and review of strategic alternatives to enhance shareholder value. We hope it answers questions you may have about the review process and recent reports in the media. WHAT IS THE CURRENT STATUS OF YOUR DISCUSSIONS WITH THIRD PARTIES REGARDING A POSSIBLE TRANSACTION? Columbia and its financial advisors have received preliminary indications of interest from numerous companies in connection with our previously announced process for evaluating strategic alternatives. As a result, we are inviting a number of these companies, including NiSource, to participate in a second round of the process. WHICH COMPANIES ARE BEING INVITED INTO THE SECOND ROUND? Columbia's Board has authorized management to conduct its discussions with interested parties in private. This will help prevent rumors and misinformation from disrupting our business activities. Accordingly, we will not comment on which companies we are talking to, except that we will make the required disclosures regarding NiSource due to its unsolicited tender offer. WHAT KIND OF TRANSACTION DO YOU EXPECT TO PURSUE? As we announced on Oct. 24, Columbia's Board authorized management to explore strategic alternatives to generate value in excess of that which Columbia's business plan or the NiSource proposal could create. We are continuing to consider a variety of possible transactions, including a merger, reorganization or the disposition of a material amount of stock or assets. As we have previously stated, there can be no assurance that any discussions will result in a transaction or other action. HAVE ANY OF THE COMPANIES INVITED TO THE SECOND ROUND MADE PROPOSALS THAT WOULD PROVIDE VALUE GREATER THAN NISOURCE'S UNSOLICITED CASH OFFER OF $74 PER SHARE? Columbia is inviting into a second round several companies that provided preliminary indications of interest reflecting a preliminary value higher than NiSource's unsolicted offer which was raised to $74 per share in cash on Oct. 17. DOES THIS MEAN THAT COLUMBIA IS DEFINITELY GOING TO MERGE WITH ANOTHER COMPANY? No. Columbia's Board and management are continuing to explore and evaluate strategic alternatives that would significantly enhance shareholder value. While this process might result in a merger, there are other possible scenarios -- including a sale of assets, a sale of stock, or no transaction at all. WHY IS NISOURCE BEING INVITED INTO THE SECOND ROUND IF COLUMBIA HAS RECEIVED BETTER PROPOSALS? Columbia is allowing NiSource to participate in the second round so that it can have an opportunity to improve its offer, if it so chooses. WHAT SPECIFICALLY WILL HAPPEN IN THE SECOND ROUND? All of the companies in the second round -- each of which has executed a confidentiality agreement -- will have an opportunity to review additional confidential information about Columbia and then make revised submissions. WHEN WILL THE SECOND ROUND GET UNDERWAY? Our objective is to move forward carefully but expeditiously. # # # # -----END PRIVACY-ENHANCED MESSAGE-----