-----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, KLNz6/S34nQyBVTmheYUppM9PEhuoMrve/Zyf5czxMiSR8fi30NrL/k2u5OPcgG4 SemI9MbgbWcAcE0dx2hyAA== /in/edgar/work/20000915/0000950130-00-005054/0000950130-00-005054.txt : 20000923 0000950130-00-005054.hdr.sgml : 20000923 ACCESSION NUMBER: 0000950130-00-005054 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000908 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000915 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BURNS INTERNATIONAL SERVICES CORP CENTRAL INDEX KEY: 0000817945 STANDARD INDUSTRIAL CLASSIFICATION: [7381 ] IRS NUMBER: 133408028 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-05529 FILM NUMBER: 723591 BUSINESS ADDRESS: STREET 1: 200 S MICHIGAN AVE STREET 2: NULL CITY: CHICAGO STATE: IL ZIP: 60604 BUSINESS PHONE: 3123228500 MAIL ADDRESS: STREET 1: 200 S. MICHIGAN AVENUE CITY: CHICAGO STATE: IL ZIP: 60604 FORMER COMPANY: FORMER CONFORMED NAME: BORG WARNER SECURITY CORP DATE OF NAME CHANGE: 19930308 FORMER COMPANY: FORMER CONFORMED NAME: BORG WARNER CORP /DE/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: BORG WARNER HOLDINGS CORP DATE OF NAME CHANGE: 19880328 8-K 1 0001.txt FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ----------------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): September 8, 2000 BURNS INTERNATIONAL SERVICES CORPORATION (Exact Name of Registrant as Specified in Charter) Delaware 1-5529 13-3408028 - ---------------------------- ------------ ---------- (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No) 200 S. Michigan Avenue Chicago, Illinois 60604 ---------------------------------------- ----- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (312) 322-8500 ------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Item 1. Changes in Control of Registrant On September 2, 2000 Securitas AB, a joint stock company organized under the laws of Sweden ("Securitas"), announced that Securitas Acquisition Corporation, a Delaware corporation and an indirect wholly owned subsidiary of Securitas ("Purchaser"), had completed its previously announced tender offer (the "Offer") for all of the issued and outstanding shares of common stock, par value $0.01 per share (the "Company Common Stock"), including the associated rights to purchase Series A Participating Cumulative Preferred Stock (together with the Company Common Stock, the "Shares"), of Burns International Services Corporation, a Delaware corporation (the "Company"), at a purchase price of $21.50 per Share (the "Per Share Amount"), net to seller in cash, without interest. The Offer was made pursuant to an Agreement and Plan of Merger, dated as of August 3, 2000, by and between the Company, Securitas and Purchaser (the "Merger Agreement"). At 12:00 Midnight, New York City time, on Friday, September 1, 2000, the Offer expired. As of the expiration of the Offer and based on a preliminary count, 20,139,508 Shares, representing approximately 97.0% of the outstanding Shares, had been validly tendered and not withdrawn pursuant to the Offer (including 327,744 Shares tendered by means of guaranteed delivery). Purchaser accepted for payment and notified the Depositary to promptly pay for the tendered and accepted Shares, in accordance with the Offer. In addition, Section 1.3 of the Merger Agreement provides that upon the purchase by Purchaser of any Shares pursuant to the Offer, Securitas is entitled to designate such number of directors of good repute, rounded up to the nearest whole number, on the Board of Directors of the Company (the "Board") as will give Securitas representation on the Board equal to at least that number of directors which equals the product of the total number of currently serving directors on the Board multiplied by the percentage that the aggregate number of Shares beneficially owned by Securitas or any of its affiliates bears to the number of Shares outstanding. Upon consummation of the Merger (as defined below), the following directors of the Company each resigned as a member of the Board: James J. Burke, Jr.; John A. Edwardson; Albert J. Fitzgibbons III; Arthur F. Golden; Dale W. Lang; Terry L. Lengfelder; Robert A. McCabe; Andrew McNally IV; Alexis P. Michas; and S. Jay Stewart. Upon the Merger becoming effective, the number of directors of the surviving corporation was reduced to two (2) and Laura J. Cerar and Don W. Walker became the only directors of the Company. On September 8, 2000, pursuant to the Merger Agreement, Purchaser merged with and into the Company, with the Company surviving as an indirect wholly owned subsidiary of Securitas (the "Merger"). The approval of the holders of the Shares was not required to effect the Merger pursuant to the applicable provisions of the Delaware General Corporation Law. The Shares issued and outstanding immediately prior to the effective time of the Merger and not otherwise acquired pursuant to the Offer were converted, subject to any appraisal rights, into the right to receive $21.50 per Share, net to the holder in cash, without interest. The preceding is qualified by reference to the Merger Agreement, which has been filed as an exhibit hereto and incorporated herein by reference. The Company had been informed that financing for the Offer was provided through multicurrency revolving credit loans pursuant to an $800 million unsecured revolving credit facility provided by Deutsche Bank AG, as Arranger, Deutsche Bank Luxemborg S.A., as Facility Agent, and other financial institutions party thereto. 2 Additional information regarding the Offer and the Merger is included in the Schedule TO filed by Securitas and Purchaser, and the Company's Solicitation/Recommendation Statement on Schedule 14D-9, both of which were filed with the SEC on August 7, 2000 and provided to the Company's stockholders. A copy of the press release of Securitas announcing the consummation of the Offer is attached hereto as an exhibit and is incorporated herein by reference. 3 Item 7. Exhibits. Exhibit No. Description - ----------- ----------- 2.1 Agreement and Plan of Merger, dated as of August 3, 2000, by and between the Company, Securitas and Purchaser.* 99.2 Press Release issued by Securitas, dated September 2, 2000. - ------------------------ * Incorporated herein by reference to Exhibit 2.1 to the Company's Form 8-K filed on August 3, 2000. 4 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BURNS INTERNATIONAL SERVICES CORPORATION Date: September 15, 2000 By: /s/ Frederick W. London --------------------------------- Name: Frederick W. London Title: Corporate Secretary 5 EXHIBIT INDEX Exhibit No. Description - ----------- ----------- 2.1 Agreement and Plan of Merger, dated as of August 3, 2000, by and among the Company, Securitas and Purchaser.* 99.2 Press Release issued by Securitas, dated September 2, 2000. - ----------------- * Filed as Exhibit 2.1 to the Company's Form 8-K filed on August 3, 2000. 6 EX-99.2 2 0002.txt PRESS RELEASE [LOGO OF SECURITAS] Press Release from Securitas AB - -------------------------------------------------------------------------------- Exhibit 99.2 September 2, 2000 Cash tender offer for Burns completed Securitas AB has today completed the cash tender offer for Burns International Services Corporation Securitas AB's wholly owned subsidiary, Securitas Acquisition Corporation, has accepted for payment approximately 20,139,508 shares of common stock of Burns International Services Corporation (NYSE: BOR), representing approximately 97 percent of the outstanding shares of Burns (including approximately 327,744 shares tendered by means of guaranteed delivery), at USD 21.50 per share in cash in accordance with its tender offer for all outstanding shares of Burns. Approximately 621,076 shares of Burns were not tendered and remain outstanding. The tender offer expired, as scheduled, at 12:00 midnight, New York City time, on Friday, September 1, 2000. Securitas AB intends to promptly merge Securitas Acquisition Corporation with and into Burns in accordance with Delaware's short form merger provisions. As a result of the merger, Burns will be an indirect, wholly owned subsidiary of Securitas AB and each remaining outstanding share of Burns will be converted, subject to appraisal rights, into the right to receive USD 21.50 in cash, without interest. The acquisition The total consideration of the acquisition is SEK 4.1 billion (USD 457 million). The acquisition will give rise to goodwill of MSEK 4,338 (MUSD 482) which will be amortized over 20 years. Burns will be included in the Securitas Group as from October 1, 2000. Burns Burns was founded in 1909 and is the second largest guarding company in the USA. The company has 320 offices and 58,000 employees in the USA, Canada, England, Ireland and Colombia. The company has about 14,000 customers. Burns is active in permanent and mobile guarding services, alarm monitoring and security consulting and investigation. The new Securitas As a result of the acquisition, Securitas will strengthen its position as the world's leading security company with operations in more than 30 countries and about 210,000 employees. The Group's sales will be about SEK 48 billion, the equivalent of about USD 5.3 billion, of which SEK 25 billion (USD 2.8 billion) are attributable to the USA. Interim Report The third quarter report of Securitas AB will be published on November 2, 2000. Further information can be obtained from Hakan Winberg, Executive Vice President and Chief Financial Officer, telephone 07990 562 582 or Camilla Weiner, Manager Investor Relations, telephone +46 70 589 7799 Securitas AB ------------------------- P.O. Box 12307 S-102 28 Stockholm Sweden Tel +46 8 657 74 00 Fax +46 8 657 70 72 Visiting address Lindhagensplan 70 -----END PRIVACY-ENHANCED MESSAGE-----