0000909518-01-500403.txt : 20011112
0000909518-01-500403.hdr.sgml : 20011112
ACCESSION NUMBER: 0000909518-01-500403
CONFORMED SUBMISSION TYPE: 425
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20011105
GROUP MEMBERS: HUGHES ELECTRONICS CORPORATION
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: GENERAL MOTORS CORP
CENTRAL INDEX KEY: 0000040730
STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711]
IRS NUMBER: 380572515
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 425
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-00143
FILM NUMBER: 1775341
BUSINESS ADDRESS:
STREET 1: 300 RENAISSANCE CTR
STREET 2: MAIL CODE: 482-C34-D71
CITY: DETROIT
STATE: MI
ZIP: 48265-3000
BUSINESS PHONE: 3135565000
MAIL ADDRESS:
STREET 1: 300 RENAISSANCE CTR
STREET 2: MAIL CODE: 482-C34-D71
CITY: DETROIT
STATE: MI
ZIP: 48265-3000
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: GENERAL MOTORS CORP
CENTRAL INDEX KEY: 0000040730
STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711]
IRS NUMBER: 380572515
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 425
BUSINESS ADDRESS:
STREET 1: 300 RENAISSANCE CTR
STREET 2: MAIL CODE: 482-C34-D71
CITY: DETROIT
STATE: MI
ZIP: 48265-3000
BUSINESS PHONE: 3135565000
MAIL ADDRESS:
STREET 1: 300 RENAISSANCE CTR
STREET 2: MAIL CODE: 482-C34-D71
CITY: DETROIT
STATE: MI
ZIP: 48265-3000
425
1
gm-grtns.txt
Filed by General Motors Corporation
Subject Company - General Motors Corporation
and Hughes Electronics Corporation
Pursuant to Rule 425 under the Securities Act of 1933
and Deemed Filed Pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Commission File No.: 001-00143
The following is an e-mail that was sent to reporters on November 2, 2001.
From: Marsocci, Robert A
Sent: Friday, November 02, 2001 11:24 AM
Subject: Proposed merger
Greetings.
In the wake of the proposed Hughes/EchoStar merger announcement,
several questions concerning the process of transitioning customers to a single
platform/provider have arisen. While both parties are committed to ensuring that
no consumer will experience disruption of service or additional expense,
regardless of the platform they have selected, at this point, here is where we
stand on this issue:
1. The combined company will use the EchoStar name and the DIRECTV
brand name will be maintained for the service
2. At this time, no decisions have been made on equipment conversions
3. If there is an equipment change (to either platform) it will be
provided at no cost to the customer
As you know, the approval process for the proposed merger will take
several months. The bottom line is that both DIRECTV and DISH customers will
continue to receive uninterrupted service for several years to come and can look
forward to receiving additional new programming services in the future.
Please feel free to call me if you have any questions.
Bob Marsocci
Senior Director, Communications
DIRECTV, Inc.
ramarsocci@directv.com
310-726-4656
In connection with the proposed transactions, General Motors, Hughes
and EchoStar intend to file relevant materials with the Securities and Exchange
Commission, including one or more Registration Statement(s) on Form S-4 that
contain a prospectus and proxy/consent solicitation statement. Because those
documents will contain important information, holders of GM $1-2/3 and GM Class
H common stock are urged to read them, if and when they become available. When
filed with the SEC, they will be available for free at the SEC's website,
www.sec.gov, and GM stockholders will receive information at an appropriate time
on how to obtain transaction-related documents for free from General Motors.
Such documents are not currently available.
General Motors and its directors and executive officers, Hughes and
certain of its officers, and EchoStar and certain of its executive officers may
be deemed to be participants in GM's solicitation of proxies or consents from
the holders of GM $1-2/3 common stock and GM Class H common stock in connection
with the proposed transactions. Information regarding the participants and their
interest in the solicitation of proxies or consents from the holders of GM
$1-2/3 common stock and GM Class H common stock in connection with the proposed
transactions was filed pursuant to Rule 425 with the Securities and Exchange
Commission by each of GM, Hughes and EchoStar on October 29, 2001.
Investors may obtain additional information regarding the interests of
the participants by reading the prospectus and proxy/consent solicitation
statement if and when it becomes available.
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
jurisdiction. No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities Act of 1933,
as amended.
Materials included in this communication contain "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that could cause our actual results to be
materially different from historical results or from any future results
expressed or implied by such forward-looking statements. The factors that could
cause actual results of General Motors Corp., EchoStar, Hughes, or a combined
EchoStar and Hughes to differ materially, many of which are beyond the control
of EchoStar, Hughes or GM include, but are not limited to, the following: (1)
the businesses of EchoStar and Hughes may not be integrated successfully or such
integration may be more difficult, time-consuming or costly than expected; (2)
expected benefits and synergies from the combination may not be realized within
the expected time frame or at all; (3) revenues following the transaction may be
lower than expected; (4) operating costs, customer loss and business disruption
including, without limitation, difficulties in maintaining relationships with
employees, customers, clients or suppliers, may be greater than expected
following the transaction; (5) generating the incremental growth in the
subscriber base of the combined company may be more costly or difficult than
expected; (6) the regulatory approvals required for the transaction may not be
obtained on the terms expected or on the anticipated schedule; (7) the effects
of legislative and regulatory changes; (8) an inability to obtain certain
retransmission consents; (9) an inability to retain necessary authorizations
from the FCC; (10) an increase in competition from cable as a result of digital
cable or otherwise, direct broadcast satellite, other satellite system
operators, and other providers of subscription television services; (11) the
introduction of new technologies and competitors into the subscription
television business; (12) changes in labor, programming, equipment and capital
costs; (13) future acquisitions, strategic partnership and divestitures; (14)
general business and economic conditions; and (15) other risks described from
time to time in periodic reports filed by EchoStar, Hughes or GM with the
Securities and Exchange Commission. You are urged to consider statements that
include the words "may," "will," "would," "could," "should," "believes,"
"estimates," "projects," "potential," "expects," "plans," "anticipates,"
"intends," "continues," "forecast," "designed," "goal," or the negative of those
words or other comparable words to be uncertain and forward-looking. This
cautionary statement applies to all forward-looking statements included in this
filing.