-----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, LK1AkuPa8T6T7wKlpz/iCNhibeUyFwDsNU1BgIOwy7x+WJY9oDUDgyG9BT5DophC RgD0mifQ3BSO+da5kXep9g== 0000912057-97-020588.txt : 19970618 0000912057-97-020588.hdr.sgml : 19970618 ACCESSION NUMBER: 0000912057-97-020588 CONFORMED SUBMISSION TYPE: SC 14D1/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970617 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GCR HOLDINGS LTD CENTRAL INDEX KEY: 0000913912 STANDARD INDUSTRIAL CLASSIFICATION: ACCIDENT & HEALTH INSURANCE [6321] IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 14D1/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-50011 FILM NUMBER: 97625503 BUSINESS ADDRESS: STREET 1: SOFIA HOUSE 48 CHURCH ST 3RD FLOOR STREET 2: HAMILTON HM 12 P O BOX HM 762 CITY: BERMUDA STATE: D0 BUSINESS PHONE: 4412924159 MAIL ADDRESS: STREET 1: SOFIA HOUSE 48 CHURCH ST 3RD FLOOR STREET 2: HAMILTON HM 12 CITY: BERMUDA STATE: D0 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: EXEL LTD CENTRAL INDEX KEY: 0000875159 STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351] IRS NUMBER: 980058718 FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: SC 14D1/A BUSINESS ADDRESS: STREET 1: CUMBERLAND HOUSE STREET 2: 1 VICTORIA ST CITY: HAMILTON HM11 BERMUD STATE: D2 BUSINESS PHONE: 4412928515 MAIL ADDRESS: STREET 1: CAHILL GORDON & REINDEL(IMMANUEL KOHN) STREET 2: 80 PINE STREET CITY: NEW YORKI STATE: NY ZIP: 10005 SC 14D1/A 1 SCHEDULE 14D1/A - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------------ FINAL AMENDMENT TO SCHEDULE 14D-1 TENDER OFFER STATEMENT PURSUANT TO SECTION 14(D)(1) OF THE SECURITIES EXCHANGE ACT OF 1934 --------------------- GCR HOLDINGS LIMITED (Name of Subject Company) ------------------------ EXEL LIMITED EXEL ACQUISITION LTD. (Bidders) ------------------------ ORDINARY SHARES, PAR VALUE $.10 PER SHARE (Title of Class of Securities) ------------------------ G3774N 10 0 (CUSIP Number of Class of Securities) ------------------------ PAUL S. GIORDANO, ESQ. SENIOR VICE PRESIDENT AND GENERAL COUNSEL EXEL LIMITED CUMBERLAND HOUSE ONE VICTORIA STREET HAMILTON HM 11, BERMUDA (441) 292-8515 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Bidders) ------------------------ COPY TO: IMMANUEL KOHN, ESQ. CAHILL GORDON & REINDEL 80 PINE STREET NEW YORK, NEW YORK 10005 (212) 701-3000 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- (Page 1 of 6 Pages) CUSIP No. G3774N 10 0 - --------------------------------------------------------------------------------------------------------- 1. Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons EXEL Limited I.R.S. No. 98-0058718 - --------------------------------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of Group (See Instructions) (a) / / (b) / / - --------------------------------------------------------------------------------------------------------- 3. SEC Use Only - --------------------------------------------------------------------------------------------------------- 4. Sources of Funds (See Instructions) BK, WC, OO - --------------------------------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(e) or 2(f) / / - --------------------------------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Cayman Islands - --------------------------------------------------------------------------------------------------------- 7. Aggregate Amount Beneficially Owned by Each Reporting Person 24,300,115 - --------------------------------------------------------------------------------------------------------- 8. Check if the Aggregate Amount in Row (7) Excludes Certain Shares (See Instructions) / / - --------------------------------------------------------------------------------------------------------- 9. Percent of Class Represented by Amount in Row (7) 98.0% - --------------------------------------------------------------------------------------------------------- 10. Type of Reporting Person (See Instructions) CO
(Page 2 of 6 Pages) CUSIP No. G3774N 10 0 - --------------------------------------------------------------------------------------------------------- 1. Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons Exel Acquisition Ltd. I.R.S. No. (pending) - --------------------------------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of Group (See Instructions) (a) / / (b) / / - --------------------------------------------------------------------------------------------------------- 3. SEC Use Only - --------------------------------------------------------------------------------------------------------- 4. Sources of Funds (See Instructions) BK, WC, OO - --------------------------------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(e) or 2(f) / / - --------------------------------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Cayman Islands - --------------------------------------------------------------------------------------------------------- 7. Aggregate Amount Beneficially Owned by Each Reporting Person 24,300,115 - --------------------------------------------------------------------------------------------------------- 8. Check if the Aggregate Amount in Row (7) Excludes Certain Shares (See Instructions) / / - --------------------------------------------------------------------------------------------------------- 9. Percent of Class Represented by Amount in Row (7) 98.0% - --------------------------------------------------------------------------------------------------------- 10. Type of Reporting Person (See Instructions) CO
(Page 3 of 6 Pages) This Final Amendment amends and supplements the Tender Offer Statement on Schedule 14D-1 originally filed on May 14, 1997, as amended (the "Schedule 14D-1"), with the Securities and Exchange Commission by EXEL ACQUISITION LTD. (the "Purchaser"), a Cayman Islands company and a wholly owned subsidiary of EXEL LIMITED, a Cayman Islands company ("Parent"), to purchase all of the outstanding Ordinary Shares, par value $.10 per share (the "Shares"), of GCR HOLDINGS LIMITED, a Cayman Islands company (the "Company"), at a purchase price of $27.00 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, dated May 14, 1997 (the "Offer to Purchase"), as amended, and the related Letter of Transmittal (which, together with any amendments or supplements thereto, collectively constitute the "Offer"), which are annexed to and were filed with the Schedule 14D-1 as Exhibits (a)(1), (a)(2), and (a)(9). The item numbers and responses thereto below are in accordance with the requirements of Schedule 14D-1. Unless the context otherwise requires, capitalized terms not otherwise defined herein have the meaning ascribed to them in the Schedule 14D-1 and the Offer to Purchase. ITEM 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY. Item 6 is hereby amended and supplemented by adding thereto the following: Based on the final count of Shares validly tendered and not properly withdrawn pursuant to the Offer, Purchaser acquired 23,074,115 Shares. The acceptance of such tendered Shares, in addition to the 1,226,000 Shares owned prior to the Offer, result in an aggregate amount of 24,300,115 Shares owned by the Purchaser and Parent which represent approximately 98.0% of Shares outstanding. (Page 4 of 6 Pages) SIGNATURE 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. EXEL LIMITED By: /s/ BRIAN M. O'HARA ----------------------------------------- Name: Brian M. O'Hara Title: PRESIDENT AND CHIEF EXECUTIVE OFFICER Dated: June 17, 1997 (Page 5 of 6 Pages) SIGNATURE 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. EXEL ACQUISITION LTD. By: /s/ BRIAN M. O'HARA ----------------------------------------- Name: Brian M. O'Hara Title: PRESIDENT Dated: June 17, 1997 (Page 6 of 6 Pages) -----END PRIVACY-ENHANCED MESSAGE-----