-----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, V1VAIVTf1RSYNqnoY3cemhIeOGS72P2/f16omNVQDvwq26mbUkKPeEpIrG44fqqM aBKjJCTBNbsHdst+4xutSw== 0000950103-97-000777.txt : 19980102 0000950103-97-000777.hdr.sgml : 19980102 ACCESSION NUMBER: 0000950103-97-000777 CONFORMED SUBMISSION TYPE: SC 13E3/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19971231 SROS: NONE GROUP MEMBERS: MASCOTECH ACQUISITION, INC. GROUP MEMBERS: MASCOTECH INC GROUP MEMBERS: TRIMAS CORPORATION SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TRIMAS CORP CENTRAL INDEX KEY: 0000842633 STANDARD INDUSTRIAL CLASSIFICATION: METAL FORGING & STAMPINGS [3460] IRS NUMBER: 382687639 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13E3/A SEC ACT: SEC FILE NUMBER: 005-40013 FILM NUMBER: 97747773 BUSINESS ADDRESS: STREET 1: 315 E EISENHOWER PKWY CITY: ANN ARBOR STATE: MI ZIP: 48108 BUSINESS PHONE: 3137477025 MAIL ADDRESS: STREET 1: 315 E EISENHOWER PKWY CITY: ANN ARBOR STATE: MI ZIP: 48108 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MASCOTECH INC CENTRAL INDEX KEY: 0000745448 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 382513957 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13E3/A BUSINESS ADDRESS: STREET 1: 21001 VAN BORN RD CITY: TAYLOR STATE: MI ZIP: 48180 BUSINESS PHONE: 3132747405 MAIL ADDRESS: STREET 1: 21001 VAN BORN ROAD CITY: TAYLOR STATE: MI ZIP: 48180 FORMER COMPANY: FORMER CONFORMED NAME: MASCO INDUSTRIES INC DATE OF NAME CHANGE: 19930629 SC 13E3/A 1 =========================================================================== SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ SCHEDULE 13E-3 (Amendment No. 2) RULE 13E-3 TRANSACTION STATEMENT (PURSUANT TO SECTION 13(e) OF THE SECURITIES EXCHANGE ACT OF 1934) ______________________ TRIMAS CORPORATION (Name of Issuer) ______________________ MASCOTECH, INC. MASCOTECH ACQUISITION, INC. TRIMAS CORPORATION (Name of Person(s) Filing Statement) ______________________ Common Stock, $.01 Par Value (Title of Class of Securities) ______________________ 896215100 (CUSIP Number of Class of Securities) ______________________ David B. Liner, Esq. Brian P. Campbell MascoTech, Inc. TriMas Corporation 21001 Van Born Road 315 East Eisenhower Parkway Taylor, Michigan 48180 Ann Arbor, Michigan 48108 (313) 274-7405 (313) 747-7025 (Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications on Behalf of Person(s) Filing Statement) ______________________ With Copies to: David W. Ferguson, Esq. Jerome M. Schwartz, Esq. Davis Polk & Wardwell Dickinson, Wright, Moon, Van Dusen & Freeman 450 Lexington Avenue 500 Woodward Avenue, Suite 4000 New York, NY 10017 Detroit, Michigan 48226 (212) 450-4000 (313) 223-3628 =========================================================================== This Amendment No. 2 (this "Amendment") amends and supplements the Rule 13e-3 Transaction Statement on Schedule 13E-3 (the "Schedule 13E-3") originally filed on December 17, 1997 by (i) MascoTech, Inc., a Delaware corporation ("Parent"), (ii) MascoTech Acquisition, Inc., a Delaware corporation ("Purchaser") and (iii) TriMas Corporation, a Delaware corporation (the "Company"), as amended by Amendment No. 1, dated December 22, 1997, relating to the offer by Purchaser to purchase all of the issued and outstanding shares (the "Shares") of common stock, $.01 par value per share, of TriMas Corporation, a Delaware corporation, at a price of $34.50 per Share, net to the seller in cash, upon the terms and subject to the conditions set forth in the Offer to Purchase dated December 17, 1997 and in the related Letter of Transmittal. All capitalized terms used in this Amendment without definition have the meanings attributed to them in the Schedule 13E-3. The items of the Schedule 13E-3 set forth below are hereby amended as follows: Item 9. Reports, Opinions, Appraisals And Certain Negotiations. Item 9 is hereby supplemented and amended to incorporate by reference the information set forth under "Special Factors--Opinion of Financial Advisor to the Special Committee" of the Supplement, dated December 31, 1997, to the Offer to Purchase, a copy of which is filed herewith as Exhibit (d)(10). Item 15. Persons and Assets Employed, Retained or Utilized. Item 15(b) is hereby supplemented and amended to include the response to Item 8 of the Schedule 14D-1, as amended by Amendment No. 2 thereto, which is incorporated herein by reference. Item 17. Material to be Filed as Exhibits. Item 17 is hereby supplemented and amended by adding the following exhibits: (b)(5) Letter to the Special Committee from BT Wolfensohn dated December 31, 1997. (d)(10) Supplement, dated December 31, 1997, to Offer to Purchase.+ (g)(6) Memorandum of Understanding between law firms on behalf of Charlene Blue, Gerald Sapsowitz, Charter Capital Corp., Roseanne Caruso and Betty Barsky, the Company, Parent and individuals named as defendants dated December 31, 1997.+ + Incorporated by reference to Amendment No. 2, filed by Purchaser and Parent on December 31, 1997, to the Tender Offer Statement on Schedule 14D-1 originally filed by Purchaser and Parent on December 17, 1997. SIGNATURE After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Amendment is true, complete and correct. December 31, 1997 MASCOTECH, INC. By: /s/ David B. Liner ------------------------------------ Name: David B. Liner Title: Vice President and Corporate Counsel MASCOTECH ACQUISITION, INC. By: /s/ David B. Liner ------------------------------------ Name: David B. Liner Title: Secretary TRIMAS CORPORATION By: /s/ Brian P. Campbell ------------------------------------ Name: Brian P. Campbell Title: President EXHIBIT INDEX Exhibit No. - ----------- (b)(5) Letter to the Special Committee from BT Wolfensohn dated December 31, 1997.
EX-99.(B)(5) 2 Exhibit (b)(5) [Letterhead of BT Wolfensohn] December 31, 1997 The Oversight Committee of The Board of Directors TriMas Corporation 315 East Eisenhower Parkway Ann Arbor, MI 48108 Gentlemen: You have requested that BT Wolfensohn compare the premiums paid in 22 specified transactions (the "Selected Premium Transactions") based on the target's closing price on the date 52 weeks prior to the public announcement of the transaction. The results of our comparison are set forth on the attached worksheet. We understand that you have requested this premium comparison in connection with the settlement of five purported class actions against TriMas Corporation (the "Company"), MascoTech, Inc. ("Parent"), and the Company's directors. The premium comparison is not related to the opinion of BT Wolfensohn dated December 10, 1997 that, as of such date and based upon and subject to certain matters stated in such opinion, the consideration to be paid in the transactions contemplated by the Agreement and Plan of Merger (the "Merger Agreement"), dated December 10, 1997, among the Company, Parent and MascoTech Acquisition, Inc., is fair to the holders of shares of the Company (other than Parent, its Chief Executive Officer and Masco Corporation) from a financial point of view, and the premium comparison does not amend, update or supplement that opinion in any way. The attached comparison is based on publicly available information. BT Wolfensohn assumed and relied upon the accuracy and completeness of such information, and neither assumed responsibility for independent verification of, nor independently verified, any of such information. No company, business or transaction used in the attached comparison is identical to the Company or the transactions contemplated by the Merger Agreement. /s/ Glenn Crafford -------------------------------------- Glenn Crafford, Managing Director The Oversight Committee of The Board of Directors TriMas Corporation December 31, 1997 Page 2 - -------------------------- Selected Premium Transactions Premium Comparison
Transaction Closing Price % Transaction Date Announced Price 52 Weeks Prior Premium ----------- -------------- ----------- -------------- ------- Rexel S.A./Rexel Inc. August 29, 1997 $22.50 $13.88 62.1% Anthem Inc./Accordia Inc. June 2, 1997 40.00 31.75 26.0 Samsung Electronics Co. Ltd./AST January 30, 1997 5.40 8.00 (32.5) Research Inc. Zurich Versicherungs GmbH/Zurich January 13, 1997 36.00 29.88 20.5 Reinsurance Centre Novartis AG/Systemix Inc. May 27, 1996 19.50 12.25 59.2 Berkshire Hathaway Inc./GEICO August 25, 1995 70.00 49.38 41.8 Corporation COBE Laboratories/REN Corporation - July 14, 1995 20.00 9.00 122.2 USA BIC S.A./Bic Corporation May 15, 1995 40.50 27.13 49.3 McCaw Cellular Communications/LIN April 7, 1995 129.90 97.30 33.5 Broadcasting Club Mediterranee S.A./Club Med Inc. April 5, 1995 32.00 25.63 24.9 Conseco Inc./CCP Insurance Inc. February 27, 1995 23.25 23.75 (2.1) Arcadian Corp./Arcadian Partners L.P. January 18, 1995 29.00 25.13 15.4 WMX Technologies Inc./Chemical July 28, 1994 8.85 7.63 16.0 Waste Management Inc. Rust International Inc./Brand Companies November 13, 1992 18.75 16.63 12.8 Inc. American Maize-Products Co./American September 9, 1992 25.50 21.50 18.6 Fructose Corp. Leucadia National August 17, 1992 25.78 14.25 80.9 Corporation/PHLCORP Inc. Tele-Communications Inc./United May 1, 1991 16.19 12.75 27.0 Artists Entertainment BHP Holdings (USA) Inc./Hamilton Oil February 6, 1991 40.00 32.25 24.0 Corporation Murphy Oil Corporation/Ocean Drilling January 3, 1991 19.39 25.88 (25.1) & Exploration Fuji Heavy Industries Ltd./Subaru of January 16, 1990 8.50 6.50 30.8 America Inc. Renault Vehicules Industriels/Mack July 6, 1990 6.25 11.75 (46.8) Trucks Inc. American Express Company/Shearson March 2, 1990 12.90 20.38 (36.7) Lehman Brothers Holdings High 122.2% Low (46.8)% Median 24.5%
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