-----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, BxR4snSQjA9m/Y/7sN0wQhAutM8NlGqdya1aqReD+Z5SXutai6q4mk0g9ry45lpz sKS+g0FH9dgfttYfnotc+A== 0000898822-00-000285.txt : 20000505 0000898822-00-000285.hdr.sgml : 20000505 ACCESSION NUMBER: 0000898822-00-000285 CONFORMED SUBMISSION TYPE: SC TO-C PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20000504 GROUP MEMBERS: DANAHER CORP /DE/ GROUP MEMBERS: KING DC ACQUISITION CORP. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KOLLMORGEN CORP CENTRAL INDEX KEY: 0000056583 STANDARD INDUSTRIAL CLASSIFICATION: MOTORS & GENERATORS [3621] IRS NUMBER: 042151861 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-C SEC ACT: SEC FILE NUMBER: 005-33630 FILM NUMBER: 619624 BUSINESS ADDRESS: STREET 1: RESERVOIR PL STREET 2: 1601 TRAPELO RD CITY: WALTHAM STATE: MA ZIP: 02154 BUSINESS PHONE: 7818905655 MAIL ADDRESS: STREET 1: RESERVOIR PLACE STREET 2: 1601 TRAPELO ROAD CITY: WALTHAM STATE: MA ZIP: 02154 FORMER COMPANY: FORMER CONFORMED NAME: KOLLMORGEN OPTICAL CORP DATE OF NAME CHANGE: 19670928 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DANAHER CORP /DE/ CENTRAL INDEX KEY: 0000313616 STANDARD INDUSTRIAL CLASSIFICATION: CUTLERY, HANDTOOLS & GENERAL HARDWARE [3420] IRS NUMBER: 591995548 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-C BUSINESS ADDRESS: STREET 1: 1250 24TH ST NW STREET 2: SUITE 800 CITY: WASHINGTON STATE: DC ZIP: 20037 BUSINESS PHONE: 2028280850 MAIL ADDRESS: STREET 1: 1250 24TH STREET NW STREET 2: SUITE 800 CITY: WASHINGTON STATE: DC ZIP: 20037 FORMER COMPANY: FORMER CONFORMED NAME: DMG INC DATE OF NAME CHANGE: 19850221 SC TO-C 1 SCHEDULE TO SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 - -------------------------------------------------------------------------------- Schedule TO Tender Offer Statement under Section 14(d)(1) or 13(e)(1) of the Securities Exchange Act of 1934 Kollmorgen Corporation - -------------------------------------------------------------------------------- (Name of Subject Company) Danaher Corporation King DC Acquisition Corp. - -------------------------------------------------------------------------------- (Name of Filing Person - Offeror) Common Stock, Par Value $2.50 Per Share and Associated Preferred Share Purchase Rights - -------------------------------------------------------------------------------- (Title of Class of Securities) 500440102 - -------------------------------------------------------------------------------- (CUSIP Number of Class of Securities) Patrick W. Allender - -------------------------------------------------------------------------------- Senior Vice President and Chief Financial Officer Danaher Corporation 1250 24th Street, N.W. Washington, D.C. 20037 Telephone: (202) 828-0850 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Filing Persons) Copy to: Trevor S. Norwitz, Esq. Wachtell, Lipton, Rosen & Katz 51 West 52nd Street New York, New York 10019 Telephone: (212) 403-1000 CALCULATION OF FILING FEE ------------------------- TRANSACTION VALUATION AMOUNT OF FILING FEE --------------------- -------------------- Not Applicable Not Applicable -------------- -------------- [ ] Check box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. Amount Previously Paid: None. Form or Registration No.: Not applicable. Filing Party: Not applicable. Date Filed: Not applicable. [ ] Check box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. Amount Previously Paid: None. Form or Registration No.: Not applicable. Filing Party: Not applicable. Date Filed: Not applicable. [X] Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. Check the appropriate boxes below to designate any transactions to which the statement relates: [x ] third-party tender offer subject to Rule 14d-1. [ ] issuer tender offer subject to Rule 13e-4. [ ] going-private transaction subject to Rule 13e-3. [ ] amendment to Schedule 13D under Rule 13d-2. Check the following box if the filing is a final amendment reporting the results of the tender offer: [ ] EX-99 2 PRESS RELEASE FOR IMMEDIATE RELEASE CONTACT: PATRICK W. ALLENDER CHIEF FINANCIAL OFFICER (202) 828-0850 DANAHER CORPORATION ANNOUNCES AGREEMENTS TO ACQUIRE KOLLMORGEN CORPORATION AND WARNER ELECTRIC MOTION BUSINESSES - -------------------------------------------------------------------------------- Washington, D.C., May 4, 2000 -- Danaher Corporation (NYSE:DHR) announced today that it has entered into a definitive merger agreement with Kollmorgen Corporation (NYSE:KOL) to acquire all of its outstanding shares at a cash price of $23 per share. The transaction has a total value of approximately $325 million including assumption of debt. The Directors of both companies have approved the merger agreement. Kollmorgen Corporation, headquartered in Waltham, Massachusetts, is a $260 million revenue global leader in providing high performance electronic motion control equipment, systems and service to industrial, commercial, aerospace and defense customers worldwide. Motion products include brush and brushless motors, servo systems, drives and electronic controls. Kollmorgen is also the premier designer and supplier of advanced submarine periscope systems. George M. Sherman, President and Chief Executive Officer of Danaher, stated, "Kollmorgen, with its premier reputation for technology and innovative solutions for the motion control industry, represents a key addition to our rapidly growing motion platform. We are excited by the prospects of adding Kollmorgen's capabilities to those of our existing businesses." Gideon Argov, Chairman, President and Chief Executive Officer of Kollmorgen, stated,"We cannot imagine a better strategic partner than Danaher Corporation, whose leadership in process and environmental controls perfectly complements Kollmorgen's leadership in high performance electronic motion control products and systems. We believe this important transaction will not only deliver significant value to our shareholders but significantly benefit the customers and employees of both our Industrial & Commercial and Aerospace & Defense businesses. I personally look forward to working closely with George Sherman and his colleagues on the Danaher team to complete the transaction and achieve a smooth and seamless transition." Under the merger agreement, Danaher will commence a tender offer for Kollmorgen's outstanding shares, which will be subject to certain conditions, including at least a two-thirds majority of Kollmorgen's outstanding shares, on a fully diluted basis, being tendered without withdrawal prior to the expiration of the offer, and clearance of the transaction under applicable antitrust laws and other governmental agencies' regulations being obtained. All stockholders should read the tender offer statement concerning the tender offer that will be filed by Danaher, and the solicitation/recommendation statement that will be filed by Kollmorgen, with the Securities and Exchange Commission (SEC) and mailed to stockholders. These statements will contain important information that stockholders should consider before making any decision regarding tendering their shares. Stockholders will be able to obtain these statements in due course, as well as other filings containing information about Danaher and Kollmorgen, without charge, at the SEC's internet site (www.sec.gov). Copies of the tender offer and the solicitation/recommendation statements and other SEC filings can also be obtained, without charge, from Danaher's Corporate Secretary. Danaher Corporation also announced today that it has entered into an agreement to acquire, for cash, the motion control businesses of Warner Electric Company (Warner) for $144 million. Warner's $160 million revenue motion control operations include the company's linear products group with principal operations in Marengo, Illinois and Wolfschlugen, Germany and the company's motors and control group based in Bristol, Connecticut and Charlotte, North Carolina. Warner's motion products include stepper motors, synchronous motors and linear actuation components and systems serving a wide range of commercial and industrial markets, including factory automation, material handling and medical applications. Warner's brake and clutch operations were not part of the transaction. The Warner transaction has been unanimously recommended by an independent committee of Danaher's Board of Directors and is subject to certain closing conditions and customary regulatory approvals. Warner Electric's principals include Steven and Mitchell Rales, Danaher's Chairman of the Board and Chairman of the Executive Committee, respectively. Mr. Sherman stated, "The Warner motion product offering closely complements both our motion component and motion solution offerings and provides broader access to several key targeted markets. With Kollmorgen and Warner Motion, we will double the size of our strategic motion platform." Kollmorgen Corporation is one of the major worldwide manufacturers of high performance electronic motion control products and systems. (www.kollmorgen.com) Danaher Corporation is a leading manufacturer of Process/Environmental Controls and Tools and Components. (www.danaher.com) -----END PRIVACY-ENHANCED MESSAGE-----