-----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, Gwq5tKLKxjAZ6rHNCg3p/uFnTsTZKTYxWpv6BGdS62lk+W+6LV2eGEOwQsnqu+u+ fVQVQU/V0COtp0hnwOiAeQ== 0000950136-98-001012.txt : 19980521 0000950136-98-001012.hdr.sgml : 19980521 ACCESSION NUMBER: 0000950136-98-001012 CONFORMED SUBMISSION TYPE: SC 14D9/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19980520 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN BANKERS INSURANCE GROUP INC CENTRAL INDEX KEY: 0000350571 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 591985922 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D9/A SEC ACT: SEC FILE NUMBER: 005-31838 FILM NUMBER: 98629104 BUSINESS ADDRESS: STREET 1: 11222 QUAIL ROOST DR CITY: MIAMI STATE: FL ZIP: 33157 BUSINESS PHONE: 3052532244 MAIL ADDRESS: STREET 1: 11222 QUAIL ROOST DR CITY: MIAMI STATE: FL ZIP: 33157 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN BANKERS INSURANCE GROUP INC CENTRAL INDEX KEY: 0000350571 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 591985922 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D9/A BUSINESS ADDRESS: STREET 1: 11222 QUAIL ROOST DR CITY: MIAMI STATE: FL ZIP: 33157 BUSINESS PHONE: 3052532244 MAIL ADDRESS: STREET 1: 11222 QUAIL ROOST DR CITY: MIAMI STATE: FL ZIP: 33157 SC 14D9/A 1 AMENDMENT NO. 16 TO SCHEDULE 14D-9 - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________ SCHEDULE 14D-9 (AMENDMENT NO. 16) -------------- SOLICITATION/RECOMMENDATION STATEMENT PURSUANT TO SECTION 14(D)(4) OF THE SECURITIES EXCHANGE ACT OF 1934 AMERICAN BANKERS INSURANCE GROUP, INC. (NAME OF SUBJECT COMPANY) AMERICAN BANKERS INSURANCE GROUP, INC. (NAME OF PERSON(S) FILING STATEMENT) COMMON STOCK, PAR VALUE $1.00 PER SHARE, INCLUDING THE ASSOCIATED SERIES C PARTICIPATING PREFERRED STOCK PURCHASE RIGHTS (TITLE OF CLASS OF SECURITIES) 24456 10 5 (CUSIP NUMBER OF CLASS OF SECURITIES) -------------- GERALD N. GASTON VICE CHAIRMAN, PRESIDENT AND CHIEF EXECUTIVE OFFICER AMERICAN BANKERS INSURANCE GROUP, INC. 11222 QUAIL ROOST DRIVE MIAMI, FL 33157-6596 (305) 253-2244 (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICE AND COMMUNICATIONS ON BEHALF OF THE PERSON(S) FILING STATEMENT) -------------- COPIES TO: MORTON A. PIERCE, ESQ. JOSEPHINE CICCHETTI, ESQ. JONATHAN L. FREEDMAN, ESQ. JORDEN BURT BOROS CICCHETTI DEWEY BALLANTINE LLP BERENSON & JOHNSON LLP 1301 AVENUE OF THE AMERICAS 777 BRICKELL AVENUE, SUITE 500 NEW YORK, NY 10019 MIAMI, FL 33131 (212) 259-8000 (305) 371-2600 - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- This Amendment No. 16 amends and supplements the Solicitation/ Recommendation Statement on Schedule 14D-9, dated February 6, 1998 (as amended, the "Schedule 14D-9") of American Bankers Insurance Group, Inc., a Florida Corporation (the "Company" or "American Bankers"), filed in connection with the Cendant Offer. Capitalized terms used herein shall have the definitions set forth in the Schedule 14D-9 unless otherwise provided herein ITEM 9. MATERIAL TO BE FILED AS EXHIBITS Exhibit 49 .................... Press Release, dated May 20, 1998, of the Company. 1 SIGNATURE After reasonable 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. AMERICAN BANKERS INSURANCE GROUP, INC. By: /s/ GERALD N. GASTON ------------------------------------ Name: Gerald N. Gaston Title: Chief Executive Officer, President and Vice Chairman Date: May 20, 1998 EXHIBIT INDEX EXHIBIT NO. DESCRIPTION - --------------- ------------------------------------------------------------- Exhibit 49...... Press Release, dated May 20, 1998, of the Company EX-99.49 2 PRESS RELEASE EXHIBIT 49 [AMERICAN BANKERS INSURANCE GROUP LETTERHEAD] [ABI LISTED NYSE--LOGO] Contact: P. Bruce Camacho Executive Vice President Investor Relations (305) 252-7060 NEWS RELEASE ============================================================================== FOR IMMEDIATE RELEASE AMERICAN BANKERS INSURANCE GROUP AND CENDANT CORPORATION -------------------------------------------------------- REAFFIRM TWO-STEP MERGER PROCESS -------------------------------- MIAMI, FLORIDA, PARSIPPANY, NJ AND STAMFORD, CT MAY 20, 1998 . . . . CENDANT CORPORATION (NYSE: CD) AND AMERICAN BANKERS INSURANCE GROUP, INC> (NYSE: ABI) today jointly reaffirmed their intention to completed their merger, as a two-step process, as soon as possible after completion of the current financial review at Cendant. As previously disclosed, Cendant expects its newly certified financial statements to be completed this summer. Revisions to the insurance regulatory filings will then be promptly filed with the appropriate state agencies. The merger proxy statement/prospectus, for gaining American Bankers' shareholders' approval, will also then be filed with the SEC. The 51% cash tender portion of the transaction will be completed following receipt of insurance regulatory approvals and continued satisfaction of the other customary conditions. The second step of the transaction is additionally subject to approval by American Bankers' shareholders. Cendant (NYSE: CD) is the world's premier provider of consumer and business services. Cendant operates in three principal segments: Alliance Marketing, Travel and Real Estate Services. In Alliance Marketing, Cendant provides access to travel, shopping, auto, dining, and other services worldwide. In Travel Services, Cendant is the leading franchisor of hotels and rental car agencies worldwide, the premier provider of vacation exchange services, a leading fleet management company through PHH, and the U.K.'s largest private car park operator through NPC. In Real Estate Services, Cendant is the world's premier franchisor of residential real estate brokerage offices, a major provider of mortgage services to consumers and a global leader in corporate employee relocation. Headquartered in Stamford, CT and Parsippany, NJ, the company has nearly 40,000 employees, operates in over 100 countries and makes more than 10 million customer contacts annually. AMERICAN BANKERS INSURANCE GROUP, INC. PAGE 2 - NEWS RELEASE American Bankers Insurance Group, Inc. (ABI) concentrates on marketing affordable, specialty insurance products and services through financial institutions, retailers and other entities offering consumer financing as a regular part of their business. ABI, through its insurance subsidiaries, operates in the United States, Canada, the Caribbean, Latin America and the United Kingdom. Media Contact: - -------------- Elliot Bloom Jim Fingeroth P. Bruce Camacho Vice President Kekst and Company Executive Vice President Public Relations (212)521-4800 American Bankers Cendant (305)252-7060 (973)496-8414 Investor Contact: - ---------------- Laura P. Hamilton Senior Vice President Corporate Communications and Investor Relations Cendant (203)965-5114 -----END PRIVACY-ENHANCED MESSAGE-----