-----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, Q5xxd2Hyj1VsLp9dOv7cdYrBkaNmQny+8bgf6yNg3aUXwST/j5TgoSnMxtGZsbvK 8f/3EUmgtjzMKCjNmd7SyA== 0000950103-99-000565.txt : 19990617 0000950103-99-000565.hdr.sgml : 19990617 ACCESSION NUMBER: 0000950103-99-000565 CONFORMED SUBMISSION TYPE: SC 14D1/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19990616 GROUP MEMBERS: EMERSON ELECTRIC CO. GROUP MEMBERS: EMERSUB LXXIV INC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DANIEL INDUSTRIES INC CENTRAL INDEX KEY: 0000026821 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823] IRS NUMBER: 741547355 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 14D1/A SEC ACT: SEC FILE NUMBER: 005-04872 FILM NUMBER: 99647211 BUSINESS ADDRESS: STREET 1: 9753 PINE LAKE DR CITY: HOUSTON STATE: TX ZIP: 77055 BUSINESS PHONE: 7134676000 MAIL ADDRESS: STREET 1: 9753 PINE LAKE DRIVE CITY: HOUSTON STATE: TX ZIP: 77055 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: EMERSUB LXXIV INC CENTRAL INDEX KEY: 0001086625 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 14D1/A BUSINESS ADDRESS: STREET 1: 8000 WEST FLORISSANT AVENUE CITY: ST LOUIS STATE: MO ZIP: 63136-8506 BUSINESS PHONE: 3145532000 MAIL ADDRESS: STREET 1: 8000 WEST FLORISSANT AVENUE CITY: ST LOUIS STATE: MO ZIP: 63136-8506 SC 14D1/A 1 =============================================================================== UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ----------------------- SCHEDULE 14D-1 TENDER OFFER STATEMENT PURSUANT TO SECTION 14(d)(1) OF THE SECURITIES EXCHANGE ACT OF 1934 (Final Amendment) ----------------------- Daniel Industries, Inc. (Name of Subject Company) Emerson Electric Co. Emersub LXXIV, Inc. (Bidders) Common Stock, $1.25 Par Value (Title of Class of Securities) ----------------------- 236235-10-7 (CUSIP Number of Class of Securities) ----------------------- W. Wayne Withers, Esq. Senior Vice President, General Counsel and Secretary Emerson Electric Co. 8000 West Florissant Avenue St. Louis, Missouri 63136-8506 (314) 553-2000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Bidder) ----------------------- With Copies to: Phillip R. Mills, Esq. Davis Polk & Wardwell 450 Lexington Avenue New York, NY 10017 (212) 450-4000 =============================================================================== CUSIP No. 236235-10-7 - ----------------------- 1. NAMES OF REPORTING PERSONS IRS IDENTIFICATION NOS. ABOVE PERSONS (ENTITIES ONLY) EMERSON ELECTRIC CO. IRS IDENTIFICATION NO. 43-0259330 - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC; OO; BK - ------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(e) OR 2(f) [ ] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION MISSOURI - ------------------------------------------------------------------------------- 7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 18,454,232 - ------------------------------------------------------------------------------- 8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------- 9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 94.7% - ------------------------------------------------------------------------------- 10. TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------- CUSIP No. 236235-10-7 - ----------------------- 1. NAMES OF REPORTING PERSONS IRS IDENTIFICATION NOS. ABOVE PERSONS (ENTITIES ONLY) EMERSUB LXXIV, INC. IRS IDENTIFICATION NO. 43-1850428 - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS AF - ------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(e) OR 2(f) [ ] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - ------------------------------------------------------------------------------- 7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 18,454,232 - ------------------------------------------------------------------------------- 8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------- 9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 94.7% - ------------------------------------------------------------------------------- 10. TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------- 2 This Final Amendment amends and supplements the Tender Offer Statement on Schedule 14D-1 (the "Schedule 14D-1") originally filed with the Securities and Exchange Commission (the "Commission") on May 18, 1999 by Emersub LXXIV, Inc., a Delaware corporation ("Purchaser") and a wholly-owned subsidiary of Emerson Electric Co., a Missouri corporation ("Parent"), as amended by Amendment No. 1 filed with the Commission on May 24, 1999, Amendment No. 2 filed with the Commission on May 27, 1999, Amendment No. 3 filed with the Commission on June 7, 1999 and Amendment No. 4 filed with the Commission on June 11, 1999, relating to the offer by Purchaser to purchase all outstanding shares of Common Stock, $1.25 par value (the "Common Stock"), of Daniel Industries, Inc. (the "Company"), including the related right as to each share to purchase one one-hundredth of a share of Series A Junior Participating Preferred Stock, $1.00 par value, of the Company (singularly, a "Right" and collectively, the "Rights") (singularly, a share of such Common Stock, including the related Right, a "Share" and collectively, the "Shares"), at $21.25 per Share, net to the seller in cash, upon the terms and subject to the conditions set forth in the Offer to Purchase dated as of May 18, 1999 and in the related Letter of Transmittal (which together constitute the "Offer"), copies of which are attached as Exhibits (a)(1) and (a)(2), respectively, to the Schedule 14D-1. All capitalized terms used in this Final Amendment without definition have the meanings attributed to them in the Schedule 14D-1. Item 6. Interest in Securities of the Subject Company Item 6(a) - (b) is hereby amended and supplemented as follows: The Offer expired at 12:00 midnight, New York City time, on Tuesday, June 15, 1999. As of midnight, New York City time, on June 15, 1999, approximately 18,454,232 Shares were validly tendered pursuant to the Offer, including 563,073 Shares tendered pursuant to guarantees of delivery. The Shares tendered represent approximately 94.7% of the Shares outstanding. Pursuant to the Offer, Purchaser has accepted for payment all Shares validly tendered and will promptly pay for such Shares. On June 16, 1999, Parent issued a press release announcing the expiration of the Offer. The full text of the press release is attached hereto as Exhibit (a)(13) and is incorporated herein by reference. Item 11. Material to Be Filed as Exhibits Item 11 is hereby amended and supplemented as follows: (a)(13) Text of Press Release issued by Emerson Electric Co. on June 16, 1999. 3 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. EMERSON ELECTRIC CO. June 16, 1999 By: /s/ Robert M. Cox, Jr. ----------------------------------- Name: Robert M. Cox, Jr. Title: Senior Vice President-- Acquisitions and Development EMERSUB LXXIV, INC. By: /s/ Robert M. Cox, Jr. ----------------------------------- Name: Robert M. Cox, Jr. Title: Vice President 4 EXHIBIT INDEX Exhibit No. - ------- (a)(13) Text of Press Release issued by Emerson Electric Co. on June 16, 1999. 5 EX-99.A13 2 PRESS RELEASE Exhibit (a)(13) Emerson contact: Carter L. Dunkin or Walter J. Sharp 314-982-1700 FOR IMMEDIATE RELEASE EMERSON ELECTRIC CO. ANNOUNCES EXPIRATION OF TENDER OFFER FOR DANIEL INDUSTRIES, INC. ST. LOUIS, June 16, 1999 -- Emerson Electric Co. (NYSE: EMR) announced today that it has accepted for payment and will promptly pay for all shares of common stock of Daniel Industries, Inc. (NYSE: DAN) validly tendered pursuant to its tender offer to acquire all outstanding shares of Daniel for $21.25 per share in cash. The offer, which was made through Emerson's wholly-owned subsidiary, Emersub LXXIV, Inc., expired at midnight, EDT, on Tuesday, June 15, 1999. Approximately 18,454,232 shares of Daniel Industries, Inc. common stock were tendered, including shares tendered pursuant to guarantees of delivery, in the offer. The shares tendered represent approximately 94.7 percent of the outstanding shares of Daniel. The tender offer was made under the previously announced merger agreement among Emerson, Emersub and Daniel. Emerson intends to complete promptly a short-form merger of Emersub into Daniel under Delaware law. Pursuant to the merger agreement, any shares of Daniel not tendered and purchased in the tender offer will be converted into the right to receive $21.25 in cash, subject to appraisal rights. Daniel's strengths in process controls in the oil and gas industry will complement the process control markets of Emerson's Fisher-Rosemount companies. Emerson Electric Co., based in St. Louis, is a global manufacturer with market and technology leadership in the areas of process control, industrial automation, electronics, HVAC, appliance components, electric motors, tools and storage products. Fiscal 1998 sales totaled $13.4 billion. -----END PRIVACY-ENHANCED MESSAGE-----