-----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, DheoiBzCm4hvMel6ULgUO3SiAvc/J2n/4SX1n9lpgnmlce8WPko8zfEuhYxdMZGA yULYpF43Mj6B+M5qdM1wWQ== 0000898431-98-000297.txt : 19980918 0000898431-98-000297.hdr.sgml : 19980918 ACCESSION NUMBER: 0000898431-98-000297 CONFORMED SUBMISSION TYPE: SC 14D1/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980917 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LIBERTY TECHNOLOGIES INC CENTRAL INDEX KEY: 0000897730 STANDARD INDUSTRIAL CLASSIFICATION: MEASURING & CONTROLLING DEVICES, NEC [3829] IRS NUMBER: 232295708 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D1/A SEC ACT: SEC FILE NUMBER: 005-43151 FILM NUMBER: 98710892 BUSINESS ADDRESS: STREET 1: LEE PARK STREET 2: 555 N LANE CITY: CONSHOHOCKEN STATE: PA ZIP: 19428 BUSINESS PHONE: 6108340330 MAIL ADDRESS: STREET 1: 555 NORTH LANE LEE PARK LEE PARK CITY: CONSHOHOCKEN STATE: PA ZIP: 19428 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CRANE CO /DE/ CENTRAL INDEX KEY: 0000025445 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-LUMBER, PLYWOOD, MILLWORK & WOOD PANELS [5031] IRS NUMBER: 131952290 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D1/A BUSINESS ADDRESS: STREET 1: 100 FIRST STAMFORD PLACE CITY: STAMFORD STATE: CT ZIP: 06902 BUSINESS PHONE: 2033637300 SC 14D1/A 1 SC 14D1/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------------------------- SCHEDULE 14D-1 TENDER OFFER STATEMENT (AMENDMENT NO. 3) PURSUANT TO SECTION 14(d)(1) OF THE SECURITIES EXCHANGE ACT OF 1934 AND AMENDMENT NO. 3 TO SCHEDULE 13D OF CRANE CO. AND LTI MERGER, INC. ------------------------------------- Liberty Technologies, Inc. (Name of Subject Company) Crane Co. LTI Merger, Inc. (Bidders) Common Stock, Par Value $.01 Per Share (Including the Associated Preferred Stock Purchase Rights) (Title of Class of Securities) 531281103 (CUSIP Number of Class of Securities) Augustus I. duPont Vice President, General Counsel and Secretary Crane Co. 100 First Stamford Place Stamford, Connecticut 06902 (203) 363-7223 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Bidder) with a copy to: Janice C. Hartman Kirkpatrick & Lockhart LLP 1500 Oliver Building Pittsburgh, Pennsylvania 15222 (412) 355-6444 ----------------------------------- CUSIP NO. 531281103 PAGE 1 OF 2 14D-1/A 1. NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Crane Co. (E.I.N.: 131952290) - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,767,868 - -------------------------------------------------------------------------------- 8. CHECK IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 95.1% - -------------------------------------------------------------------------------- 10. TYPE OF REPORTING PERSON HC and CO - -------------------------------------------------------------------------------- CUSIP NO. 531281103 PAGE 2 OF 2 14D-1/A 1. NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON LTI Merger, Inc. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS AF - -------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Pennsylvania - -------------------------------------------------------------------------------- 7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,767,868 - -------------------------------------------------------------------------------- 8. CHECK IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 95.1% - -------------------------------------------------------------------------------- 10. TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- This Statement amends and supplements (i) the Tender Offer Statement on Schedule 14D-1 filed with the Securities and Exchange Commission (the "SEC") on August 14, 1998, as amended on August 26, 1998 and September 3, 1998 (as amended, the "Schedule 14D-1") by Crane Co., a Delaware corporation ("Crane"), and LTI Merger, Inc., a Pennsylvania corporation ("Purchaser"), with respect to the Purchaser's offer to purchase all outstanding shares of common stock, par value $.01 per share (the "Shares"), of Liberty Technologies, Inc., a Pennsylvania corporation (the "Company"), including the associated Preferred Stock Purchase Rights, upon the terms and subject to the conditions set forth in the Offer to Purchase dated August 14, 1998 (the "Offer to Purchase") and in the related Letter of Transmittal, at a purchase price of $3.50 per Share, net to the seller in cash, and constitutes the final amendment to the Schedule 14D-1, and (ii) the Schedule 13D filed with the SEC by Crane on August 19, 1998, as amended on August 26, 1998 and September 3, 1998 (as amended, the "Schedule 13D"), with respect to Shares. ITEM 6. Interest in Securities of the Subject Company. On September 14, 1998, Crane announced that Purchaser accepted for payment all of the 4,737,868 Shares which were validly tendered pursuant to the Offer and not withdrawn prior to the expiration of the Offer (including 10,873 Shares tendered pursuant to Notices of Guaranteed Delivery). On September 16, 1998, Crane was notified by the Depositary that an additional 30,000 Shares were tendered pursuant to Notices of Guaranteed Delivery prior to the expiration of the Offer. ITEM 11. Material to be Filed as Exhibits. (a)(9) Press release issued by Crane on September 14, 1998. SIGNATURE After due inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: September 17, 1998 CRANE CO. By: /s/ Augustus I. duPont -------------------------------- Augustus I. duPont Vice President, General Counsel and Secretary LTI MERGER, INC. By: /s/ Augustus I. duPont -------------------------------- Augustus I. duPont Treasurer EXHIBIT INDEX EXHIBIT NUMBER PAGE - ------------------------------------------------------------------------------ (a) (1) Offer to Purchase, dated August 14, 1998.* (2) Letter of Transmittal.* (3) Notice of Guaranteed Delivery.* (4) Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.* (5) Letter to Clients for use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.* (6) Guidelines for Certification of Taxpayer Identification Number on Substitute Form W-9.* (7) Text of Press Release issued by Crane Co. on August 12, 1998.* (8) Summary Advertisement published on August 14, 1998.* (9) Text of Press Release issued by Crane Co. on September 14, 1998.** (b) Not applicable. (c) (1) Agreement and Plan of Merger, dated as of August 11, 1998 among Crane Co., LTI Merger, Inc. and Liberty Technologies, Inc.* (2) Stock Option Agreement, dated as of August 11, 1998, between Liberty Technologies, Inc. and Crane Co.* (3) Form of Shareholder Agreement between Crane Co. and certain shareholders of Liberty Technologies, Inc.* (4) First Amendment to Amended and Restated Rights Agreement dated August 11, 1998 between Liberty Technologies, Inc. and StockTrans, Inc., as Rights Agent.* (d) Not applicable. (e) Not applicable. (f) Not applicable. *Previously filed. **Filed herewith. Exhibit (a)(9) NEWS FROM CRANE FOR IMMEDIATE RELEASE CRANE CO. CLOSES OFFER FOR LIBERTY TECHNOLOGIES BY PURCHASING 94.5% OF OUTSTANDING SHARES STAMFORD, CONNECTICUT - SEPTEMBER 14, 1998-- Crane Co. (NYSE:CR) announced today that an aggregate of 4,737,868 shares of Liberty Technologies common stock was tendered (including 10,873 shares under guarantees of delivery) prior to the expiration of Crane's tender offer at midnight Friday, September 11, 1998, and that it had accepted and agreed to purchase all shares validly tendered and not withdrawn prior to that time. Crane intends to complete its acquisition of Liberty Technologies by means of a merger in which the remaining shares of Liberty Technologies will be converted into the right to receive $3.50 per share in cash. Crane is a diversified manufacturer of engineered industrial products. CRANE Crane Co. - 100 First Stamford Place - Stamford, CT 06902 -----END PRIVACY-ENHANCED MESSAGE-----