-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, QIOvIYUfSxuyBBnDW028e2o4DqpMlJoU4MBQn054TUry0NZIeKYLA38By9kTQsTF pfgx2bo/vuTIDTrRJxv82g== 0000899140-94-000134.txt : 19941129 0000899140-94-000134.hdr.sgml : 19941129 ACCESSION NUMBER: 0000899140-94-000134 CONFORMED SUBMISSION TYPE: DFAN14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19941128 SROS: NYSE SROS: PSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MAGMA POWER CO /NV/ CENTRAL INDEX KEY: 0000355878 STANDARD INDUSTRIAL CLASSIFICATION: 4991 IRS NUMBER: 953694478 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DFAN14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-11389 FILM NUMBER: 94562206 BUSINESS ADDRESS: STREET 1: 4365 EXECUTIVE DR STE 900 CITY: SAN DIEGO STATE: CA ZIP: 92121 BUSINESS PHONE: 6196227800 MAIL ADDRESS: STREET 1: 4365 EXECUTIVE DR STE 900 CITY: SAN DIEGO STATE: CA ZIP: 92121 FORMER COMPANY: FORMER CONFORMED NAME: MAGMA DEVELOPMENT CORP DATE OF NAME CHANGE: 19820519 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CALIFORNIA ENERGY CO INC CENTRAL INDEX KEY: 0000720556 STANDARD INDUSTRIAL CLASSIFICATION: 4961 IRS NUMBER: 942213782 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DFAN14A BUSINESS ADDRESS: STREET 1: 10831 OLD MILL RD STE 900 CITY: OMAHA STATE: NE ZIP: 68194 BUSINESS PHONE: 4023308900 MAIL ADDRESS: STREET 1: 10831 OLD MILL ROAD CITY: OMAHA STATE: NE ZIP: 68154 DFAN14A 1 MAILGRAM 11/28 1 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [ ] Filed by a Party other than the Registrant [X] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Definitive Proxy Statement [X] Definitive Additional Materials [ ] Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12 MAGMA POWER COMPANY (Name of Registrant as Specified in its Charter) CALIFORNIA ENERGY COMPANY, INC. CE ACQUISITION COMPANY, INC. (Name of Person Filing Proxy Statement) Payment of filing fee (Check the appropriate box): [ ] $125 per Exchange Act Rule 0-11(c)(1)(ii), 14a-6(i)(1), or 14a- 6(i)(2). [X] $500 per each party to the controversy pursuant to Exchange Act Rule 14a-6(i)(3). [ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11: (4) Proposed maximum aggregate value of transaction: [ ] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration number, or the form or schedule and the date of its filing. (1) Amount previously paid: (2) Form, schedule or registration statement no.: (3) Filing party: (4) Date filed: 2 DAN BURCH MACKENZIE PARTNERS INC 156 FIFTH AVENUE NEW YORK, NY 10010 CALIFORNIA ENERGY COMPANY, INC. c/o MacKenzie Partners, Inc. 156 Fifth Avenue New York, New York 10010 FAILURE TO VOTE TODAY COULD PROVE VERY COSTLY DEAR FELLOW MAGMA POWER SHAREHOLDER: If you have not yet voted your GREEN card to Request the Special Meeting, ask yourself the following questions: Do you really want to take the risk that Magma shares will plummet to their pre-offer trading level of $27.50, as security analysts have warned may occur? Do you really have confidence in Magma's prospects as an independent company? Remember, Magma recently lost a "major" overseas development project (the Karaha project in Indonesia), while California Energy continues to be awarded new projects (Casecnan (140MW) in the Phillipines and Dieng (220MW) in Indonesia). Do you really believe Magma is serious about negotiating with California Energy, when they continue to insist that we agree to drop our $38.50 per share acquisition offer for three years before they will even sit down at the bargaining table? Do you really believe Magma is seriously exploring alternatives to our $38.50 per share offer or are they simply stalling, hoping California Energy will just go away? Magma's most recent mailing to you disclosed that as of November 21, they "ha[d] not begun to negotiate the terms of any extraordinary transaction." LET MAGMA'S BOARD KNOW YOU WANT THEM TO INCREASE SHAREHOLDER VALUE, NOT CONTINUE TO DRAG THEIR FEET. VOTE YOUR GREEN CARD TODAY! We have received a resounding display of shareholder support for our effort. By Thanksgiving, a majority of the shares held by independent (non-management, non-Board affiliated shares) had already voted to Request a Special Meeting. But we need GREEN cards representing a majority of ALL shares by this Friday, December 2, 1994 to prevent Magma's Board from continuing to ignore its shareholders. Don't forget: IT HAS BEEN OVER TWO MONTHS SINCE OUR INITIAL PROPOSAL, YET MAGMA HAS BEEN UNABLE TO PRODUCE ANY ALTERNATIVE WHICH WILL PAY YOU MORE THAN OUR FULLY-FINANCED $38.50 PER SHARE OFFER. 3 Voting in favor of the call of a Special Meeting creates no obligation on your part to tender your shares or to vote on California Energy's proposals at the Special Meeting. IF YOU NEED LAST MINUTE ASSISTANCE IN VOTING THE GREEN CARD, CONTACT MACKENZIE PARTNERS AT (800) 322-2885 (Toll-Free). Sincerely, DAVID L. SOKOL Chairman, President and Chief Executive Officer California Energy Company, Inc. -----END PRIVACY-ENHANCED MESSAGE-----