-----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, ALnLmniFRgruVHLzXtr7egdlsOGp9XCUUh6eBouGYrksWzQ9tbx/HNI7xS4Vp2WG 0nsAM9xQFDCpoId5jYcHdw== 0000895345-97-000403.txt : 19971103 0000895345-97-000403.hdr.sgml : 19971103 ACCESSION NUMBER: 0000895345-97-000403 CONFORMED SUBMISSION TYPE: SC 13E4/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19971031 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PIONEER HI BRED INTERNATIONAL INC CENTRAL INDEX KEY: 0000078716 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100] IRS NUMBER: 420470520 STATE OF INCORPORATION: IA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC 13E4/A SEC ACT: SEC FILE NUMBER: 005-16177 FILM NUMBER: 97705605 BUSINESS ADDRESS: STREET 1: 700 CAPITAL SQ STREET 2: 400 LOCUST ST CITY: DES MOINES STATE: IA ZIP: 50309 BUSINESS PHONE: 5152453500 MAIL ADDRESS: STREET 1: 6800 PIONEER PKWY STREET 2: PO BOX 316 CITY: JOHNSTON STATE: IA ZIP: 50131 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PIONEER HI BRED INTERNATIONAL INC CENTRAL INDEX KEY: 0000078716 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100] IRS NUMBER: 420470520 STATE OF INCORPORATION: IA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC 13E4/A BUSINESS ADDRESS: STREET 1: 700 CAPITAL SQ STREET 2: 400 LOCUST ST CITY: DES MOINES STATE: IA ZIP: 50309 BUSINESS PHONE: 5152453500 MAIL ADDRESS: STREET 1: 6800 PIONEER PKWY STREET 2: PO BOX 316 CITY: JOHNSTON STATE: IA ZIP: 50131 SC 13E4/A 1 As filed with the Securities and Exchange Commission on October 31, 1997. ====================================================================== SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 --------------------------- SCHEDULE 13E-4 (Final Amendment) Issuer Tender Offer Statement (Pursuant to Section 13(e)(1) of the Securities Exchange Act of 1934) PIONEER HI-BRED INTERNATIONAL, INC. - ---------------------------------------------------------------------- (Name of Issuer) PIONEER HI-BRED INTERNATIONAL, INC. - ---------------------------------------------------------------------- (Name of Person(s) Filing Statement) COMMON STOCK, $1.00 PAR VALUE PER SHARE - ---------------------------------------------------------------------- (Title of Class of Securities) 723680-10-1 ------------------------------------ (CUSIP Number of Class of Securities) WILLIAM DEMEULENAERE Corporate Counsel Pioneer Hi-Bred International, Inc. 400 Locust Street 700 Capital Square Des Moines, IA 50309 (515) 248-4800 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of the Person(s) Filing Statement) COPIES TO: F. WILLIAM REINDEL Fried, Frank, Harris, Shriver & Jacobson One New York Plaza New York, New York 10004 (212) 859-8189 September 25, 1997 - ---------------------------------------------------------------------- (Date Tender Offer First Published, Sent or Given to Security Holders) ====================================================================== This Final Amendment amends and supplements the Issuer Tender Offer Statement on Schedule 13E-4, dated as of September 25, 1997 (the "Issuer Tender Offer Statement"), relating to the offer by Pioneer Hi-Bred International, Inc. (the "Company") to purchase up to 16,444,586 shares (or such lesser number of shares as are properly tendered) of its common stock, par value $1.00 per share (including the associated Preferred Stock Purchase Rights (the "Rights"), the "Shares"), at prices specified by tendering shareholders not in excess of $104 nor less than $88 net per Share in cash upon the terms and subject to the conditions set forth in the Offer to Purchase dated September 25, 1997, and in the related Letter of Transmittal which together constitute the "Offer." The Issuer Tender Offer Statement is hereby amended to incorporate the information included in the exhibits referred to below. ITEM 1. SECURITY AND ISSUER. The Offer expired at 12:00 midnight, New York City time, on October 23, 1997. The Company purchased 16,444,586 shares pursuant to the Offer at a purchase price of $92.50 per share. To avoid prorationing, the Company exercised its option under the Offer and purchased approximately 21,000 additional shares in order to purchase all Shares that were tendered at prices of $92.50 per Share or below. ITEM 9. MATERIAL TO BE FILED AS EXHIBITS. Item 9 is hereby amended to include the following additional exhibits: (a) (10) Text of Press Release issued by the Company, dated October 24, 1997. (a) (11) Text of Press Release issued by the Company, dated October 29, 1997. SIGNATURE After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Final Amendment to Schedule 13E-4 is true, complete and correct. October 31, 1997 PIONEER HI-BRED INTERNATIONAL, INC. By: /s/ Jerry Chicoine ---------------------------------- Executive Vice President and Chief Operating Officer EXHIBIT NUMBER DESCRIPTION - ------ ----------- (a) (10) Text of Press Release issued by the Company, dated October 24, 1997. (a) (11) Text of Press Release issued by the Company, dated October 29, 1997. EX-99 2 EXHIBIT (a) (10) PIONEER ANNOUNCES PRELIMINARY RESULTS OF DUTCH AUCTION SELF TENDER OFFER DES MOINES, IOWA - October 24, 1997 - Pioneer Hi-Bred International, Inc. announced today that based on preliminary tabulations the Company has accepted for purchase approximately 16.4 million shares at a price within a range of approximately $92.50 to $94 per share in a Dutch auction self tender offer that expired October 23, 1997. Of the total shares accepted, approximately 5.5 million shares are guaranteed for delivery by October 28, 1997. The final price for all shares will depend on the number of shares delivered pursuant to the guaranteed delivery. Subject to the results of the guaranteed delivery of shares, the Company does not anticipate a significant pro-ration of the shares purchased. The Dutch auction self tender was part of the previously-announced alliance between Pioneer and DuPont. Pioneer and DuPont recently entered into a broad research alliance and began the formation of a separate joint venture company designed to speed the discovery, development, and delivery of new crops that benefit farmers, livestock producers, and consumers worldwide. In addition, DuPont has invested $1.7 billion in Pioneer by purchasing preferred voting shares at $104 per share. Pioneer used a portion of the proceeds from the DuPont investment to finance the Dutch auction self tender offer. Pioneer Hi-Bred International, Inc. (NYSE: PHB) is a leading supplier of agricultural genetics and is a leading integrator of agricultural technology. Headquartered in Des Moines, Iowa, Pioneer develops, produces, and markets a full line of seeds, microbial products, and services to farmers, grain processors, and other customers worldwide. EX-99 3 EXHIBIT (a) (11) PIONEER ANNOUNCES FINAL RESULTS OF DUTCH AUCTION SELF TENDER OFFER DES MOINES, IOWA - October 29, 1997 - Pioneer Hi-Bred International, Inc. announced today the price, as finally determined, for the approximately 16.4 million shares purchased in the Company's Dutch auction self tender was $92.50 per share. There will be no pro-ration of the shares purchased. To avoid pro-ration Pioneer has exercised its option to purchase approximately 21,000 additional shares at $92.50 per share. The Dutch auction self tender, which expired October 23, 1997, was part of the previously-announced alliance between Pioneer and DuPont. Pioneer and DuPont recently entered into a broad research alliance and began the formation of a separate joint venture company designed to speed the discovery, development, and delivery of new crops that benefit farmers, livestock producers, and consumers worldwide. In addition, DuPont has invested $1.7 billion in Pioneer by purchasing preferred voting shares at $104 per share. Pioneer used a portion of the proceeds from the DuPont investment to finance the Dutch auction self tender offer. Pioneer Hi-Bred International, Inc. (NYSE: PHB) is a leading supplier of agricultural genetics and is a leading integrator of agricultural technology. Headquartered in Des Moines, Iowa, Pioneer develops, produces, and markets a full line of seeds, microbial products, and services to farmers, grain processors, and other customers worldwide. -----END PRIVACY-ENHANCED MESSAGE-----