-----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, MArIWnrAZO5jmYaYSs5ScDLT59LWfzFmbt8vlaHddQFAKDQgzMBQQVxpsBd5BfIu aAbm+0XKH3ZizKxXLZ6Bow== 0000950172-02-000040.txt : 20020413 0000950172-02-000040.hdr.sgml : 20020413 ACCESSION NUMBER: 0000950172-02-000040 CONFORMED SUBMISSION TYPE: SC TO-T/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020108 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: 2503601 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: TEMPLE-INLAND INC. STREET 2: 1300 MOPAC EXPRESSWAY SOUTH CITY: AUSTIN STATE: TX ZIP: 78746 BUSINESS PHONE: 5124348000 MAIL ADDRESS: STREET 1: TEMPLE-INLAND INC. STREET 2: 1300 MOPAC EXPRESSWAY SOUTH CITY: AUSTIN STATE: TX ZIP: 78746 SC TO-T/A 1 stono11.txt AMENDMENT NO. 11 ============================================================================== 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. 11) _____________________ 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: |X| ============================================================================== This Amendment No. 11 (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 an original offer 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 (as amended and supplemented, the "Offer to Purchase"), a copy of which is attached to and filed with the Schedule TO as Exhibit (a)(1), and the Supplement to the Offer to Purchase, dated December 3, 2001 (the "Supplement"), a copy of which is attached to and filed with the Schedule TO as Exhibit (a)(14), and in the related revised Letter of Transmittal (as amended and supplemented, the "Letter of Transmittal," a copy of which is attached to and filed with the Schedule TO as Exhibit (a)(15), which, together with the Offer to Purchase and the Supplement, collectively constitute the "Offer"). The Offer is made pursuant to an Agreement and Plan of Merger, dated as of September 27, 2001 (as amended by Amendment No. 1 thereto, dated as of November 30, 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 and the Supplement. On December 3, 2001, the Purchaser amended the Offer by offering to purchase all of the Shares at an amended price of $1.25 per Share, net to the seller in cash, without interest thereon, upon the terms and subject to the conditions set forth in the Offer to Purchase, as amended and supplemented by the Supplement. Item 1. SUMMARY TERM SHEET, Item 4. TERMS OF THE TRANSACTION, AND Item 11. ADDITIONAL INFORMATION. Items 1, 4 and 11 of the Schedule TO are hereby amended and supplemented to add the following thereto: The Offer and the Notes Tender Offers expired at midnight, New York City time, on January 7, 2002. Pursuant to the terms of the Offer and the Notes Tender Offers, the Purchaser and Parent have elected to not accept for payment any of the Shares or Notes tendered under the Offer or the Notes Tender Offers because the Minimum Note Condition was not satisfied. All tendered Shares and Notes will be returned to their respective holders in accordance with the procedures of the Depositary. Because such minimum tender conditions were not satisfied, the Merger Agreement between Parent, the Purchaser and the Company has been terminated in accordance with its terms. On January 8, 2002, Parent issued a press release relating to the expiration of the Offer and Notes Tender Offers. The full text of this press release is attached hereto as Exhibit (a)(21) and is incorporated herein by reference. Item 12. EXHIBITS. Item 12 of the Schedule TO is hereby amended and supplemented by adding the following exhibit thereto: (a)(21) Text of Press Release, dated January 8, 2002, 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: January 8, 2002 EXHIBIT (a)(21) TEMPLE-INLAND ANNOUNCES EXPIRATION OF TENDER OFFERS FOR GAYLORD CONTAINER CORPORATION AUSTIN, TEXAS, January 8, 2002 - Temple-Inland announced today that its tender offers for all outstanding shares of common stock and notes of Gaylord Container Corporation (the "Company") have expired, in accordance with the terms of the offers, at midnight on Monday, January 7, 2002, because the minimum tender conditions have not been satisfied. Accordingly, Temple-Inland will not accept for payment and will not pay for any tendered shares or notes. All tendered shares and notes will be returned to their respective holders in accordance with the procedures of Computershare Trust Company of New York, the depositary for the tender offers. Because the minimum tender conditions were not satisfied, the merger agreement between Temple-Inland and the Company has been terminated in accordance with its terms. Temple-Inland has been advised by the depositary that as of midnight on January 7, 2002, Company stockholders had tendered into the equity offer 47,198,363 shares of common stock, representing approximately 84% of the Company's outstanding common stock. Further, Temple-Inland has been advised by the depositary that as of midnight on January 7, 2002, holders of the Company's notes had tendered into the debt offer notes representing $42,779,000 aggregate principal amount of the 9-3/8% Senior Notes due 2007, $59,639,500 aggregate principal amount of the 9-3/4% Senior Notes due 2007, and $10,085,000 aggregate principal amount of the 9-7/8% Senior Subordinated Notes due 2008. 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 traded environmentally sensitive manner. Temple-Inland's common stock (TIN) is 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 common stock or notes of Gaylord. This release contains forward-looking statements that involve risks and uncertainties. The actual results achieved by Temple-Inland may differ significantly from the results discussed in the forward-looking statements. Factors that might cause such differences include general economic, market, or business conditions; the opportunities (or lack thereof) that may be presented to and pursued by Temple-Inland and its subsidiaries; competitive actions by other companies; changes in laws or regulations; and other factors, many of which are beyond the control of Temple-Inland and its subsidiaries. -----END PRIVACY-ENHANCED MESSAGE-----