0000950172-01-500966.txt : 20011019
0000950172-01-500966.hdr.sgml : 20011019
ACCESSION NUMBER: 0000950172-01-500966
CONFORMED SUBMISSION TYPE: SC TO-T/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20011012
GROUP MEMBERS: TEMPLE-INLAND ACQUISITION CORPORATION
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: GAYLORD CONTAINER CORP /DE/
CENTRAL INDEX KEY: 0000812700
STANDARD INDUSTRIAL CLASSIFICATION: PAPERBOARD CONTAINERS & BOXES [2650]
IRS NUMBER: 363472452
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0930
FILING VALUES:
FORM TYPE: SC TO-T/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-39843
FILM NUMBER: 1757361
BUSINESS ADDRESS:
STREET 1: 500 LAKE COOK RD STE 400
CITY: DEERFIELD
STATE: IL
ZIP: 60015
BUSINESS PHONE: 7084055500
MAIL ADDRESS:
STREET 1: 500 LAKE COOK ROADE
STREET 2: SUITE 400
CITY: DEERFIELD
STATE: IL
ZIP: 60015
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: TEMPLE INLAND INC
CENTRAL INDEX KEY: 0000731939
STANDARD INDUSTRIAL CLASSIFICATION: PAPERBOARD MILLS [2631]
IRS NUMBER: 751903917
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1230
FILING VALUES:
FORM TYPE: SC TO-T/A
BUSINESS ADDRESS:
STREET 1: 303 S TEMPLE DR
STREET 2: P.O. DRAWER N
CITY: DIBOLL
STATE: TX
ZIP: 75941
BUSINESS PHONE: 9368295511
MAIL ADDRESS:
STREET 1: 303 SOUTH TEMPLE DR
CITY: DIBOLL
STATE: TX
ZIP: 75941
SC TO-T/A
1
s338301.txt
SC TO-T - AMENDMENT NO. 3
==============================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
---------------
SCHEDULE TO
(Rule 14D-100)
Tender Offer Statement under Section 14(d)(1) or 13(e)(1)
Of the Securities Exchange Act of 1934
(Amendment No. 3)
---------------
GAYLORD CONTAINER CORPORATION
(Name of Subject Company (Issuer))
TEMPLE-INLAND ACQUISITION CORPORATION
an indirect, wholly-owned subsidiary of
TEMPLE-INLAND INC.
(Names of Filing Persons (Offerors))
Class A Common Stock, par value $.0001 per share
(Including the Associated Rights to Purchase Preferred Stock)
(Title of Class of Securities)
368145108
(CUSIP Number of Class of Securities)
M. Richard Warner, Esq.
Temple-Inland Inc.
303 South Temple Drive
Diboll, TX 75941
(936) 829-5511
(Name, Address and Telephone Number of Person Authorized
To Receive Notices and Communications on Behalf of the Filing Persons)
Copy to:
Stephen W. Hamilton, Esq.
Skadden, Arps, Slate, Meagher & Flom LLP
1440 New York Avenue, N.W.
Washington, D.C. 20005
(202) 371-7000
| | 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: | |
==============================================================================
This Amendment No. 3 (this "Amendment") amends and supplements the
Tender Offer Statement on Schedule TO filed with the Securities and
Exchange Commission on September 28, 2001 (as amended, the "Schedule TO")
by Temple-Inland Acquisition Corporation, a Delaware corporation (the
"Purchaser"), and Temple-Inland Inc. a Delaware corporation (the "Parent"),
relating to the offer to purchase all outstanding shares of Class A Common
Stock, par value $.0001 per share (the "Common Stock"), of Gaylord
Container Corporation, a Delaware corporation (the "Company"), including
the associated rights to purchase preferred stock issued pursuant to the
Rights Agreement (as defined in the Offer to Purchase) (the "Rights" and,
together with the Common Stock, the "Shares"), at a price of $1.80 per
Share, net to the seller in cash, without interest, upon the terms and
subject to the conditions set forth in the Offer to Purchase, dated
September 28, 2001 (the "Offer to Purchase"), and in the related Letter of
Transmittal (which, together with the Offer to Purchase, as either may be
amended or supplemented from time to time, collectively constitute the
"Offer"), copies of which are attached to and filed with the Schedule TO as
Exhibits (a)(1) and (a)(2), respectively. The Offer is made pursuant to an
Agreement and Plan of Merger, dated as of September 27, 2001 (the "Merger
Agreement"), among the Parent, the Purchaser and the Company, which
contemplates the merger (the "Merger") of the Purchaser with and into the
Company. Any capitalized term used and not otherwise defined herein shall
have the meaning ascribed to such term in the Offer to Purchase.
ITEM 11. ADDITIONAL INFORMATION.
Item 11 of the Schedule TO is hereby amended and supplemented by
incorporating by reference the information contained in the Press Release
of Parent, dated October 11, 2001, a copy of which is attached hereto as
Exhibit (a)(10), announcing the extension of the Consent Payment Deadline
for the Notes Tender Offers.
ITEM 12. EXHIBITS.
Item 12 of the Schedule TO is hereby amended and supplemented to
add the following exhibit:
(a)(10) Text of Press Release, dated October 11, 2001, issued by
Parent.
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.
TEMPLE-INLAND INC.
By: /s/ M. Richard Warner
-------------------------------
Name: M. Richard Warner
Title: Vice President and Chief
Administrative Officer
TEMPLE-INLAND ACQUISITION CORPORATION
By: /s/ M. Richard Warner
-------------------------------
Name: M. Richard Warner
Title: Vice President and Chief
Administrative Officer
Date: October 11, 2001
EXHIBIT INDEX
Exhibit Description
(a)(10) Text of Press Release, dated October 11, 2001, issued by Parent.
EXHIBIT (a)(10)
EXTENSION OF CONSENT PAYMENT DEADLINE WITH RESPECT TO TEMPLE-
INLAND'S OFFER FOR GAYLORD NOTES
AUSTIN, TEXAS, October 11, 2001 - Following a hearing on a Motion
for a Temporary Restraining Order (filed in the United States District
Court for the Southern District of New York by Absolute Recovery Hedge
Fund, L.P. and Absolute Recovery Hedge Fund, Ltd.) the parties (including
also Gaylord Container Corporation, Temple-Inland Acquisition Corporation,
Temple-Inland Inc., State Street Bank and Trust Company, as defendants)
announced in open court an agreement to extend the Consent Payment Deadline
and the related Withdrawal Deadline (with respect to the pending offer of
Inland Container Corporation I, a wholly-owned subsidiary of Temple-Inland,
to purchase for cash and solicitation of consents (the "Offer") in respect
of all outstanding 9-3/8% Senior Notes due 2007 (the "9-3/8% Senior
Notes"), 9-3/4% Senior Notes due 2007 (the "9-3/4% Senior Notes"), and
9-7/8% Senior Subordinated Notes due 2008 (the "9-7/8% Senior Subordinated
Notes" and, collectively with the 9-3/8% Senior Notes and the 9-3/4% Senior
Notes, the "Notes") of Gaylord Container Corporation) to October 26, 2001.
The court has scheduled a hearing on a Motion for Preliminary Injunction
for October 23, 2001.
Accordingly, the Consent Payment Deadline for the Notes is now
extended to 12:00 midnight, New York City time, on October 26, 2001 (unless
otherwise extended, the "Consent Payment Deadline"), from October 12, 2001.
The remaining terms and conditions of the Offer, including the amount of
the Consent Payment (as defined below), remain as set forth in the Offer to
Purchase and Consent Solicitation Statement, dated September 28, 2001,
previously distributed to holders of the Notes. If the Offer is
consummated, holders who validly tender and do not withdraw their Notes
prior to the Consent Payment Deadline will be entitled to a consent payment
of $20 per $1,000 aggregate principal amount of their Notes (the "Consent
Payment"). Holders who validly tender their Notes after the Consent Payment
Deadline will not be entitled to the Consent Payment. The valid tender by a
holder of Notes will constitute the consent of that holder to the
amendments to the Notes and the related indentures. Holders of Notes who
validly tender their Notes will be deemed to deliver a corresponding
consent to the amendments, and holders may not deliver consents without
tendering their Notes.
Questions concerning the terms of Offer may be directed to D. F.
King & Co., Inc., the Information Agent for the Offer. Bankers and Brokers
please call collect at (212) 269-5550 and all others please call toll-free
at (800) 549-6650. Questions may also be directed to Salomon Smith Barney,
the Dealer Manager for the Offer, at toll-free (800) 558-3745.
Temple-Inland is a major manufacturer of corrugated packaging and
building products, with a diversified financial services operation. The
company's 2.2 million acres of forestland are certified as managed in
compliance with ISO 14001 and in accordance with the Sustainable Forestry
Initiative (SFISM) program of the American Forest & Paper Association to
ensure forest management is conducted in a scientifically sound and
environmentally sensitive manner. Temple-Inland's common stock (TIN) is
traded on the New York Stock Exchange and the Pacific Exchange.
Temple-Inland's address on the World Wide Web is http://www.templeinland.com.
This announcement is not an offer to purchase, a solicitation of
an offer to purchase, or a solicitation of consents with respect
to the Notes of Gaylord. The tender offer and consent solicitation
for the Notes is being made solely by the Offer to Purchase and
Consent Solicitation Statement, dated September 28, 2001.
Investor Contacts
Doyle R. Simons
Vice President, Administration
Temple-Inland Inc.
512-434-3737