-----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, AW5RkOQh8MolK5KsP5/F3EeSCzzr0OUnsLnQ82QV3WYeVeElfg7ZomtOfUMqUg7W OQrhJPzN84yu/1UabFWkRg== 0000891836-98-000621.txt : 19980930 0000891836-98-000621.hdr.sgml : 19980930 ACCESSION NUMBER: 0000891836-98-000621 CONFORMED SUBMISSION TYPE: SC 14D1/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19980929 SROS: NASD GROUP MEMBERS: KONINKLIJKE PHILIPS ELECTRONICS N.V. GROUP MEMBERS: PHILIPS ACQUISITION, INC. GROUP MEMBERS: PHILIPS ELECTRONICS N V GROUP MEMBERS: PHILIPS ELECTRONICS NORTH AMERICA CORPORATION SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ATL ULTRASOUND INC CENTRAL INDEX KEY: 0000806086 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 911353386 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D1/A SEC ACT: SEC FILE NUMBER: 005-39058 FILM NUMBER: 98717534 BUSINESS ADDRESS: STREET 1: 22100 BOTHELL EVERETT HWY SE STREET 2: PO BOX 3003 CITY: BOTHELL STATE: WA ZIP: 98041-3003 BUSINESS PHONE: 2064877000 MAIL ADDRESS: STREET 1: 22100 BOTHELL EVERETT HWY STREET 2: PO BOX 3003 CITY: BOTHELL STATE: WA ZIP: 98041-3003 FORMER COMPANY: FORMER CONFORMED NAME: ADVANCED TECHNOLOGY LABORATORIES INC DATE OF NAME CHANGE: 19960329 FORMER COMPANY: FORMER CONFORMED NAME: ADVANCED TECHNOLOGY LABORATORIES INC/ DATE OF NAME CHANGE: 19930414 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PHILIPS ELECTRONICS N V CENTRAL INDEX KEY: 0000313216 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP) [3600] STATE OF INCORPORATION: P7 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D1/A BUSINESS ADDRESS: STREET 1: GROENEVOUDSEWEG 1 STREET 2: 5621 BA EINDHOVEN CITY: THE NETHERLANDS STATE: P7 BUSINESS PHONE: 0113140791 MAIL ADDRESS: STREET 1: SULLIVAN & CROMWELL 125 BROAD ST STREET 2: C/O W LOEBER LANDAU CITY: NEW YORK STATE: NY ZIP: 10004 SC 14D1/A 1 SCHEDULE 14D-1, AMENDMENT NO. 5 ================================================================================ 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) ------------------- ATL ULTRASOUND, INC. (Name of Subject Company) KONINKLIJKE PHILIPS ELECTRONICS N.V. (ROYAL PHILIPS ELECTRONICS) PHILIPS ELECTRONICS NORTH AMERICA CORPORATION PHILIPS ACQUISITION, INC. (Bidder) COMMON STOCK, PAR VALUE $.01 PER SHARE (INCLUDING THE ASSOCIATED RIGHTS TO PURCHASE SERIES A PARTICIPATING CUMULATIVE PREFERRED STOCK) (Title of Class of Securities) 00207N100 (CUSIP Number of Class of Securities) ------------------- SAMUEL J. ROZEL COMPANY SECRETARY 1251 AVENUE OF THE AMERICAS 20TH FLOOR NEW YORK, NEW YORK 10020 212-536-0500 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Bidders) COPY TO: NEIL T. ANDERSON, ESQ. SULLIVAN & CROMWELL 125 BROAD STREET NEW YORK, NEW YORK 10004 (212) 558-4000 ================================================================================ - --------------------- CUSIP NO. 00207N100 SCHEDULE 14D-1 - --------------------- - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON Koninklijke Philips Electronics N.V. (Royal Philips Electronics) - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC; OO - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) OR 2(f) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION The Netherlands - -------------------------------------------------------------------------------- 7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,925,058 shares of common stock, par value $0.01 per share, including the associated rights to purchase Series A Participating Cumulative Preferred Stock - -------------------------------------------------------------------------------- 8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) Approximately 93.8% - -------------------------------------------------------------------------------- 10. TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- - --------------------- CUSIP NO. 00207N100 SCHEDULE 14D-1 - --------------------- - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON Philips Electronics North America Corporation - -------------------------------------------------------------------------------- 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 ITEMS 2(e) OR 2(f) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,925,058 shares of common stock, par value $0.01 per share, including the associated rights to purchase Series A Participating Cumulative Preferred Stock - -------------------------------------------------------------------------------- 8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) Approximately 93.8% - -------------------------------------------------------------------------------- 10. TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- - --------------------- CUSIP NO. 00207N100 SCHEDULE 14D-1 - --------------------- - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON Philips Acquisition, Inc. - -------------------------------------------------------------------------------- 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 ITEMS 2(e) OR 2(f) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Washington - -------------------------------------------------------------------------------- 7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,925,058 shares of common stock, par value $0.01 per share, including the associated rights to purchase Series A Participating Cumulative Preferred Stock - -------------------------------------------------------------------------------- 8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) Approximately 93.8% - -------------------------------------------------------------------------------- 10. TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- This Amendment is filed to supplement and amend the information set forth in the Tender Offer Statement on Schedule 14D-1 filed by Koninklijke Philips Electronics N.V., a company incorporated under the laws of The Netherlands ("Royal Philips"), Philips Electronics North America Corporation, a Delaware corporation ("Parent"), and Philips Acquisition, Inc., a Washington corporation ("Merger Sub"), on August 4, 1998, as amended by Amendment No. 1 to such Schedule filed with the SEC on August 12, 1998, Amendment No. 2 to such Schedule filed with the SEC on August 31, 1998, Amendment No. 3 to such Schedule filed with the SEC on September 18, 1998 and Amendment No. 4 to such Schedule filed with the SEC on September 25, 1998 (as so amended, the "Schedule 14D-1"), with respect to shares of Common Stock, par value $.01 per share (the "Common Stock"), of ATL Ultrasound, Inc., a Washington corporation, including the associated rights to purchase Series A Participating Cumulative Preferred Stock (the "Rights" and, together with the Common Stock, the "Shares") and constitutes the final amendment to the Schedule 14D-1. Unless otherwise indicated, the capitalized terms used herein shall have the meanings specified in the Schedule 14D-1, including the Offer to Purchase filed as Exhibit (a)(1) thereto. Item 6. Interest in Securities of the Subject Company. On September 29, 1998, Royal Philips announced that Merger Sub accepted for payment all of the 13,925,058 Shares which were validly tendered pursuant to the Offer and not withdrawn prior to the expiration of the Offer, including 357,968 Shares tendered pursuant to Notices of Guaranteed Delivery. Item 11. Material to be filed as Exhibits. Exhibit No. Description - ----------- ----------- (a)(12) Press release issued by Royal Philips on September 29, 1998 SIGNATURES 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 29, 1998 KONINKLIJKE PHILIPS ELECTRONICS N.V. By: /s/ GUIDO R. C. DIERICK ------------------------------- Name: Guido R.C. Dierick Title: Director and Deputy Secretary PHILIPS ELECTRONICS NORTH AMERICA CORPORATION By: /s/ WILLIAM E. CURRAN ------------------------------- Name: William E. Curran Title: Senior Vice President and Chief Financial Officer PHILIPS ACQUISITION, INC. By: /s/ WILLIAM E. CURRAN -------------------------------- Name: William E. Curran Title: President INDEX TO EXHIBITS Exhibit No. Description - ----------- ----------- (a)(12) Press Release dated September 29, 1998. EX-99 2 PRESS RELEASE DATED SEPTEMBER 29, 1998 Exhibit No. (a)(12) AMSTERDAM, SEPTEMBER 29, 1998 PHILIPS CLOSES TENDER OFFER FOR ATL SHARES OVER 90% ATL SHARES RECEIVED Royal Philips Electronics of the Netherlands (AEX:PHI, NYSE:PHG) and ATL Ultrasound (NASDAQ:ATLI) of the United States announced today that Philips has closed its tender offer for ATL shares by accepting the tender of approximately 14 million shares, or 94% of all outstanding ATL shares. Under the terms of the merger agreement announced by both companies on July 29, 1998, ATL will become part of Philips and an affiliate of Philips Medical Systems. The transaction is valued at approximately $800 million, or $50.50 per ATL share. Philips Acquisition, Inc., a wholly owned subsidiary of Philips, accepted for payment all ATL shares validly tendered and not withdrawn prior to the expiration of the offer, including approximately 357,300 shares tendered pursuant to notices of guaranteed delivery. The tender offer expired at midnight EDT on Monday, September 28, 1998. Philips will complete its acquisition of ATL by means of a merger of ATL with Philips Acquisition, Inc., in which the remaining ATL shares will be converted into the right to receive $50.50 per share in cash. The merger is expected to be completed by Friday, October 2, 1998. "We welcome ATL as our worldwide headquarters for Philips' ultrasound business," said Hans (J.M.) Barella, Chairman and CEO of Philips Medical Systems. "We can now offer our customers a complete range of state-of-the-art imaging modalities and services. ATL is the undisputed technology and market leader in all-digital ultrasound and holds a commanding share of the worldwide installed base of all-digital systems. We acquired ATL for its excellence and success and we are committed to ATL retaining its well-established identity within the Philips organization. ATL will continue to be fully responsible for its business and its products." "This begins a new era for ATL," said Dennis C. Fill, ATL Chairman and CEO. "The dedication and talent of ATL employees has increased this company's annual revenues from approximately Exhibit No. (a)(12) $150 million to $450 million during its 12 year history as a public company. Our success has come from challenging and expanding the diagnostic realm of medical ultrasound. With the Philips merger, we join with a global leader in diagnostic imaging and gain additional resources from which to further our goals and better serve customers." FOR FURTHER INFORMATION, PLEASE CONTACT: Jeremy Cohen, Philips Media Relations, tel. +31 20 5977213 Anne Bugge, ATL Corporate and Investor Relations, tel. 1 (425) 487-7081 ATL began as a marine electronics company in 1967. Through a technology transfer from the University of Washington, ATL introduced its first medical ultrasound system in 1975. ATL became the first company to introduce all-digital medical ultrasound system in 1987. Since that time, ATL has maintained an important competitive lead in digital broadband ultrasound technology and is now in its fifth generation of all-digital technology. The company's technology leadership has led to its selection by NASA for the International Space Station and the first and only U.S. FDA approval for the use of ultrasound in the differentiation of benign from malignant breast tumors, thereby reducing the need to perform biopsy. ATL, with headquarters near Seattle, Washington USA, is a worldwide leader in the development, manufacture, distribution and service of diagnostic medical ultrasound systems. With approximately 50% of revenues coming from international markets, the company serves customers in over 100 countries through 15 subsidiaries and an extensive distributor network. Press releases and other corporate information are available on ATL's Web site at http://www.atl.com. Press releases are also available on PR Newswire's Company News-On-Call at http://www.prnewswire.com. Philips Medical Systems is a leading supplier of diagnostic leading imaging systems and related services worldwide, employing 9,000 people in more than 100 countries. Philips' products are backed by a worldwide network of research and development and sales and service organizations. Philips Medical Systems is part of Royal Philips Electronics of the Netherlands. Royal Philips Electronics of the Netherlands is one of the world's biggest electronic companies, with sales of over US $ 39 billion in 1997. It is a global leader in color television sets, lighting, home telephony products, electric shavers and recorded music (PolyGram). Its 255,000 employees in more than 60 countries are active in the areas of Exhibit No. (a)(12) lighting, consumer products, components, semiconductors and professional. Philips is quoted on the NYSE, London, Frankfurt, Amsterdam and other stock exchanges. News from Philips is located at www.news.philips.com. -----END PRIVACY-ENHANCED MESSAGE-----