-----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, isLoOXP2/IQU91RXCc8r5AVsI17zl3YAJvqKvcohpx6fa1zKrlyIGMXmnYsODjqt 9n+pLfoNv9n9jpFjEcTAnA== 0000950103-94-003489.txt : 19940910 0000950103-94-003489.hdr.sgml : 19940910 ACCESSION NUMBER: 0000950103-94-003489 CONFORMED SUBMISSION TYPE: SC 14D1/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19940908 GROUP MEMBERS: COMCAST CORP GROUP MEMBERS: QVC PROGRAMMING HOLDINGS, INC. GROUP MEMBERS: TELE-COMMUNICATIONS, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: QVC NETWORK INC CENTRAL INDEX KEY: 0000797565 STANDARD INDUSTRIAL CLASSIFICATION: 5961 IRS NUMBER: 232414041 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 14D1/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-38102 FILM NUMBER: 94548310 BUSINESS ADDRESS: STREET 1: GOSHEN CORPORATE PARK CITY: WEST CHESTER STATE: PA ZIP: 19380 BUSINESS PHONE: 2154301000 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: COMCAST CORP CENTRAL INDEX KEY: 0000022301 STANDARD INDUSTRIAL CLASSIFICATION: 4841 IRS NUMBER: 231709202 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D1/A BUSINESS ADDRESS: STREET 1: 1500 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19102-2148 BUSINESS PHONE: 215-665-1700 MAIL ADDRESS: STREET 1: 1500 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19102-2148 SC 14D1/A 1 As filed with the Securities and Exchange Commission on September 7, 1994 SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 ------------------------ AMENDMENT NO. 5 to SCHEDULE 14D-1(*) Tender Offer Statement Pursuant to Section 14(d)(1) of the Securities Exchange Act of 1934 QVC, INC. (Name of Subject Company) QVC PROGRAMMING HOLDINGS, INC. COMCAST CORPORATION TELE-COMMUNICATIONS, INC. (Bidders) Common Stock, $.01 Par Value Per Share (Title of Class of Securities) 747262 10 3 (CUSIP Number of Class of Securities) Stanley L. Wang Stephen M. Brett Comcast Corporation Tele-Communications, Inc. 1500 Market Street 5619 DTC Parkway Philadelphia, PA 19102 Englewood, CO 80111 (215) 665-1700 (303) 267-5500 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Bidder) ------------------------ Copies to: Dennis S. Hersch Frederick H. McGrath Davis Polk & Wardwell Baker & Botts, L.L.P. 450 Lexington Avenue 885 Third Avenue New York, NY 10017 New York, NY 10022 (212) 450-4000 (212) 705-5000 * This Statement also constitutes Amendment No. 6 to the Schedule 13D filed by Tele-Communications, Inc. and Amendment No. 27 to the Schedule 13D filed by Comcast Corporation in each case with respect to the securities of the Subject Company. QVC Programming Holdings, Inc., Comcast Corporation and Tele-Communications, Inc. hereby amend and supplement their Tender Offer Statement on Schedule 14D-1 filed with the Securities and Exchange Commission on August 11, 1994 (as previously amended and supplemented, the "Schedule 14D-1") with respect to Bidders' Offer to Purchase for cash all outstanding shares of Common Stock and Preferred Stock of the Company. Information contained in the Schedule 14D-1 as hereby amended and supplemented with respect to Comcast, Liberty, TCI and the Purchaser and their respective executive officers, directors and controlling persons is given solely by such person, and no other person has responsibility for the accuracy or completeness of information supplied by such other persons. Capitalized terms used but not defined herein have the meaning assigned to them in the Offer to Purchase and the Schedule 14D-1. Item 10. Additional Information. (c) and (f) The information set forth under "Introduction", "The Tender Offer -- 1. Terms of the Tender Offer", "-- 2. Acceptance for Payment and Payment", "-- 3. Procedure for Tendering Shares", "-- 4. Withdrawal Rights", "-- 10. Certain Conditions of the Offer" and "-- 11. Certain Legal Matters; Regulatory Approvals" in the Offer to Purchase is hereby amended and supplemented to include the following information: On September 7, 1994, Comcast and Liberty issued a press release in which Comcast announced that it does not expect that the waiting period under the HSR Act applicable to the purchase of Shares pursuant to the Offer will have expired by September 8, 1994, the date on which the Offer is currently scheduled to expire. As previously disclosed, the Offer may not be consummated until the waiting periods under the HSR Act applicable to both (i) the purchase of Shares pursuant to the Offer and (ii) the acquisition by the Parent Purchasers of the shares of the Purchaser and the Parent Contribution have expired. As a result, the Purchaser has extended the Expiration Date for the Offer until 12:00 Midnight, New York City time, on September 22, 1994. As of the close of business on September 6, 1994 approximately 7,106,375 shares of QVC Common Stock, 0 shares of QVC Series B Preferred Stock and 25,113 shares of QVC Series C Preferred Stock have been tendered pursuant to the Offer. A copy of the press release of Comcast and Liberty relating to the foregoing is attached hereto as Exhibit (a)(11) and is hereby incorporated by reference, and the foregoing description is qualified in its entirety by reference to such Exhibit. Item 11. Material to be Filed as Exhibits. (a)(11) -- Text of Press Release issued by Comcast and Liberty on September 7, 1994. 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: September 7, 1994 QVC PROGRAMMING HOLDINGS, INC. By: /s/ JULIAN A. BRODSKY Name: Julian A. Brodsky Title: Vice Chairman COMCAST CORPORATION By: /s/ JULIAN A. BRODSKY Name: Julian A. Brodsky Title: Vice Chairman TELE-COMMUNICATIONS, INC. By: /s/ STEPHEN M. BRETT Name: Stephen M. Brett Title: Executive Vice President EXHIBIT INDEX Exhibit Sequentially Number Description Numbered Page (a)(11) Text of Press Release issued by Comcast and Liberty on September 7, 1994. EX-99.A11 2 EXHIBIT 99.a11 FOR IMMEDIATE RELEASE COMCAST AND LIBERTY MEDIA EXTEND QVC TENDER OFFER UNTIL SEPTEMBER 22 ____________________________________ Philadelphia, Pennsylvania and Englewood, Colorado -- September 7, 1994: Comcast Corporation announced today that it does not expect that the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act relating to the acquisition of QVC, Inc. will have expired by September 8, 1994, the date on which the tender offer for the stock of QVC is currently scheduled to expire. As a result, QVC Programming Holdings, Inc., an acquisition vehicle jointly owned by Comcast and Liberty Media Corporation, has extended the expiration date for the tender offer until 12:00 Midnight, New York City time, on September 22, 1994. As a consequence of the extension of the expiration date, holders of QVC shares are entitled to tender or withdraw their shares pursuant to the tender offer until 12:00 Midnight, New York time, on September 22, 1994, unless the offer is further extended. If the applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act have not expired or been terminated at such time, QVC Programming Holdings, Inc. may elect to extend the tender offer beyond such time. However, under the terms of the Merger Agreement pursuant to which the tender offer is being made, QVC Programming Holdings, Inc. may not terminate the tender offer prior to December 31, 1994 by reason of the applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act not having expired or been terminated, although the expiration of the applicable waiting periods is a condition to the tender offer. As of the close of business on September 6, 1994, approximately 7,106,375 shares of QVC Common Stock, 0 shares of QVC Series B Preferred Stock and 25,113 shares of QVC Series C Preferred Stock had been tendered pursuant to the tender offer. Comcast Corporation is principally engaged in the development, management and operation of cable communications networks. Comcast's consolidated and affiliated operations served approximately 3.0 million cable subscribers at June 30, 1994. After completion of the acquisition of Maclean Hunter's United States cable properties, Comcast's consolidated and prorated affiliated operations will serve approximately 3.5 million cable subscribers, making it the third largest cable operator in the country. Comcast provides cellular telephone services in the Northeast United States to markets encompassing a population in excess of 7.4 million. Comcast also has investments in cable programming, telecommunications systems, and international cable and telephony franchises. Liberty is a wholly-owned subsidiary of Tele-Communications, Inc. TCI is the United States' largest cable television operator, serving 10.9 million customers in 48 states, Puerto Rico and the District of Columbia. The company also holds interests in several national programming cable networks. Tele-Communications, Inc. is traded in the Nasdaq National Market with Class A and Class B Common Stock and Class B Preferred Stock trading separately under the symbols of TCOMA, TCOMB and TCOMP, respectively. FOR FURTHER INFORMATION CONTACT: Comcast Corporation William E. Dordelman Assistant Treasurer (215) 981-7550 Kathleen B. Jacoby Director of Investor Relations (215) 981-7392 Tele-Communications, Inc. Steve Smith Investor Relations (303) 267-5048 -----END PRIVACY-ENHANCED MESSAGE-----