-----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, CUzHR2Wsn2YZpkWYzDJQycQig6KFRSl3E107GD2lM6Yw61L1D3zrICiSzN1VdQpl XsdCmB4KLbzckgbZi1P43g== /in/edgar/work/20000622/0000912057-00-029353/0000912057-00-029353.txt : 20000920 0000912057-00-029353.hdr.sgml : 20000920 ACCESSION NUMBER: 0000912057-00-029353 CONFORMED SUBMISSION TYPE: SC TO-I/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20000622 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CASTLE & COOKE INC/HI/ CENTRAL INDEX KEY: 0001002506 STANDARD INDUSTRIAL CLASSIFICATION: [6552 ] IRS NUMBER: 770412800 STATE OF INCORPORATION: HI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13E3 SEC ACT: SEC FILE NUMBER: 005-45783 FILM NUMBER: 658770 BUSINESS ADDRESS: STREET 1: 10900 WILSHIRE BLVD CITY: LOS ANGELES STATE: CA ZIP: 90024 BUSINESS PHONE: 3102083636 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CASTLE & COOKE INC/HI/ CENTRAL INDEX KEY: 0001002506 STANDARD INDUSTRIAL CLASSIFICATION: [6552 ] IRS NUMBER: 770412800 STATE OF INCORPORATION: HI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-I/A SEC ACT: SEC FILE NUMBER: 005-45783 FILM NUMBER: 658771 BUSINESS ADDRESS: STREET 1: 10900 WILSHIRE BLVD CITY: LOS ANGELES STATE: CA ZIP: 90024 BUSINESS PHONE: 3102083636 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MURDOCK DAVID H CENTRAL INDEX KEY: 0000875392 STANDARD INDUSTRIAL CLASSIFICATION: [0000 ] STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-I/A BUSINESS ADDRESS: STREET 1: 31365 OAK CREST DRIVE CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 BUSINESS PHONE: 8188796812 MAIL ADDRESS: STREET 1: 31365 OAK CREST DR CITY: WESTWESTLAKE VILLAGE STATE: CA ZIP: 91361 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MURDOCK DAVID H CENTRAL INDEX KEY: 0000875392 STANDARD INDUSTRIAL CLASSIFICATION: [0000 ] STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-I/A BUSINESS ADDRESS: STREET 1: 31365 OAK CREST DRIVE CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 BUSINESS PHONE: 8188796812 MAIL ADDRESS: STREET 1: 31365 OAK CREST DR CITY: WESTWESTLAKE VILLAGE STATE: CA ZIP: 91361 SC TO-I/A 1 scto-ia.txt SC TO-I/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE TO Tender Offer Statement Under Section 14(d)(1) or 13(e)(1) of the Securities Exchange Act of 1934 (Amendment No. 1)* CASTLE & COOKE, INC. (Name of Subject Company (issuer)) CASTLE ACQUISITION COMPANY, INC. - Offeror CASTLE & COOKE HOLDINGS, INC. - Parent of Offeror FLEXI-VAN LEASING, INC. - Indirect Parent of Offeror DAVID H. MURDOCK - Sole Shareholder of Flexi-Van Leasing, Inc. (Name of Filing Persons (identifying status as offeror, issuer or other person) COMMON STOCK, NO PAR VALUE (Title of Class of Securities) Roberta Wieman 10900 Wilshire Boulevard Los Angeles, California 90024 Telephone: (310) 208-6055 (Name, address and telephone numbers of person authorized to receive notices and communications on behalf of filing persons) Copies to: Peter J. Tennyson, Esq. Paul, Hastings, Janofsky & Walker LLP 695 Town Center Drive, Seventeenth Floor Costa Mesa, California 92626-1924 Telephone: (714) 668-6200 CALCULATION OF FILING FEE - ---------------------------------------- --------------------------------------- Transaction valuation* Amount of filing fee - ---------------------------------------- --------------------------------------- - ---------------------------------------- --------------------------------------- $256,606,099.75 $51,321.22 - ---------------------------------------- --------------------------------------- * Estimated for purposes of calculating the amount of filing fee only. The amount assumes the purchase of 13,330,187 shares of common stock, having no par value, at a price per share of $18.50 in cash. Such number of shares represents all of the Shares outstanding as of May 19, 2000, MINUS the shares already beneficially owned by Offeror and its affiliates, PLUS the number of options outstanding on May 19, 2000 that according to the Agreement and Plan of Merger, dated May 19, 2000, must be accelerated, MINUS the options already owned by David H. Murdock that according to the Agreement and Plan of Merger, dated May 19, 2000, will be cancelled. |X| Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. Amount Previously Paid: $49,321.70 ------------------------ Form or Registration No.: 005-45783 ---------------------- Filing Party: David H. Murdock ---------------------------------- Date Filed: May 21, 2000 ---------------------------------- | | 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 transaction to which the statement relates: | | third-party tender offer subject to Rule 14d-1. |X| issuer tender offer subject to Rule 13e-4. |X| going-private transaction subject to Rule 13e-3. |X| 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: | | ================================================================================ CUSIP No. 148433105 13D --------- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons David H. Murdock - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) / / of a Group* (b) /X/ - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* OO - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) / / - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization U.S. - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 4,616,977 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power O -------------------------------------------------- (9) Sole Dispositive Power 4,616,977 -------------------------------------------------- (10) Shared Dispositive Power O - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 4,616,977 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 27.1% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* IN - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! ================================================================================ CUSIP No. 148433105 13D --------- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Flexi-Van Leasing Inc. - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) / / of a Group* (b) /X/ - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* OO - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) / / - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization Delaware - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 4,501,310 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power O -------------------------------------------------- (9) Sole Dispositive Power 4,501,310 -------------------------------------------------- (10) Shared Dispositive Power O - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 4,501,310 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 26.4% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* CO - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! ================================================================================ CUSIP No. 148433105 13D --------- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Castle Acquisition Company, Inc. - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) / / of a Group* (b) /X/ - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* OO - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) / / - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization Hawaii - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power O by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power O -------------------------------------------------- (9) Sole Dispositive Power O -------------------------------------------------- (10) Shared Dispositive Power O - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person O - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) O.O% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* CO - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! ================================================================================ CUSIP No. 148433105 13D --------- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Castle & Cooke Holdings, Inc. - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) / / of a Group* (b) /X/ - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* OO - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) / / - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization Delaware - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power O by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power O -------------------------------------------------- (9) Sole Dispositive Power O -------------------------------------------------- (10) Shared Dispositive Power O - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person O - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 0.0% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* CO - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! This Amendment No. 1 amends and supplements the Tender Offer Statement on Schedule TO (the "Tender Offer Statement") filed by Castle Acquisition Company, Inc., a Hawaii corporation ("Purchaser") and a wholly owned subsidiary of Castle & Cooke Holdings, Inc., a Delaware corporation ("Parent") and a wholly owned subsidiary of Flexi-Van Leasing, Inc., a Delaware corporation ("FLX") which is 100% owned by David H. Murdock ("DHM") relating to the offer by Purchaser to purchase all of the outstanding shares of common stock, having no par value (the "Shares"), of Castle & Cooke, Inc., a Hawaii corporation (the "Company"), at a purchase price of $18.50 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 May 31, 2000 (the "Offer to Purchase") and in the related Letter of Transmittal (which together with any amendments or supplements thereto, collectively constitute the "Offer"), copies of which were attached as Exhibits (a)(1) and (a)(2), respectively, to the Tender Offer Statement. The information set forth in the exhibits identified in Item 12 and attached hereto is incorporated herein by reference with respect to Items 1, 4, 11 & 13. All capitalized terms used herein and not otherwise defined shall have the meanings given to those terms in the Offer to Purchase. Item 12. EXHIBITS Item 12 of the Tender Offer Statement is supplemented by adding the following information thereto: 99(a)(16) Text of press release issued by FLX dated June 22, 2000 99(a)(17) Form of Summary Advertisement dated June 23, 2000 2 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. Dated: June 22, 2000 CASTLE ACQUISITION CORPORATION, INC. By: /s/ DAVID H. MURDOCK -------------------------------------- Name: David H. Murdock ----------------------------- Title: Chairman of the Board, CEO & President ---------------------------------------- CASTLE & COOKE HOLDINGS, INC. By: /s/ DAVID H. MURDOCK -------------------------------------- Name: David H. Murdock ----------------------------- Title: Chairman of the Board, CEO & President ---------------------------------------- FLEXI-VAN LEASING, INC. By: /s/ DAVID H. MURDOCK -------------------------------------- Name: David H. Murdock ----------------------------- Title: Chairman of the Board & CEO ---------------------------------------- DAVID H. MURDOCK /s/ DAVID H. MURDOCK ------------------------------ 3 99(a)(16) Text of press release issued by FLX dated June 22, 2000 99(a)(17) Form of Summary Advertisement dated June 23, 2000 4 EX-99.(A)(16) 2 ex-99_a16.txt EXHIBIT 99.(A)(16) [LOGO] FLEXI-VAN LEASING, INC. 251 Monroe Avenue Kenilworth, NJ 07033-1106 (908) 276-8000 FAX: (908) 276-7666 Contact: Scott A. Griswold (310) 208-6055 FLEXI-VAN LEASING, INC. ANNOUNCES TENTATIVE SETTLEMENT OF SHAREHOLDER LITIGATION, AMENDMENT TO TENDER OFFER LOS ANGELES, CALIFORNIA, June 22, 2000 -- David H. Murdock, Chairman of Flexi-Van Leasing, inc., announced today a tentative settlement with the plaintiffs in the purported class action litigation stemming from Flexi-Van's tender offer for shares of Castle & Cooke, Inc. The settlement, which remains subject to court approval and execution of a binding settlement agreement, provides for a $0.75 increase in the offer price from $18.50 to $19.25 per share. This higher per share consideration offered places the total enterprise value, which includes the assumption of debt, of Castle & Cooke, Inc. at approximately $615 million. Flexi-Van, the largest shareholder of Castle & Cooke, Inc., with approximately 26.4% of the outstanding shares, commenced a tender offer on May 31, 2000 in order to acquire all of the remaining outstanding shares of Castle & Cooke, Inc. which it did not already own. The previous offer price of $18.50 per share, which represented a premium of 53% over the pre-offer market price of the Castle & Cooke shares, had been unanimously approved by the Castle & Cooke board pursuant to the recommendation of a special committee of independent directors, and had been deemed fair from a financial point of view by Bear Stearns & Co., Inc. The new price of $19.25 represents a premium of approximately 60% and generates an additional $123 million in enterprise value over the pre-offer market price of $12.06 on March 29, 2000. Mr. Murdock stated, "I believe that the settlement is fair, and that resolving the issues in this manner is in the best interests of everyone involved. The shareholders are now able to achieve liquidity for their shares at the higher price provided by the settlement, and we can now focus on completing the offer." EX-99.(A)(17) 3 ex-99_a17.txt EXHIBIT 99(A)(17) This announcement is neither an offer to purchase nor a solicitation of an offer to sell the common stock, having no par value, of Castle & Cooke, Inc. ("Shares"). The offer is made solely by the Offer to Purchase dated May 31, 2000 (as amended, the "Offer to Purchase") and the most recent related Letter of Transmittal (the "Letter of Transmittal"), and is being made to all holders of Shares (the "Offer"). Castle Acquisition Company, Inc. ("Purchaser") is not aware of any state where the making of the Offer is prohibited by administrative or judicial action pursuant to any valid state statute. If Purchaser becomes aware of any valid state statute prohibiting the making of the Offer or the acceptance of Shares pursuant thereto, Purchaser will make a good faith effort to comply with such state statute. If, after such good faith effort, Purchaser cannot comply with such state statute, the Offer will not be made to (nor will tenders be accepted from or on behalf of) the holders of Shares in such state. In any jurisdiction where the securities, blue sky or other laws require the offer to be made by a licensed broker or dealer, the Offer shall be deemed to be made on behalf of Purchaser by Deutsche Bank Securities Inc. or one or more registered brokers or dealers licensed under the laws of such jurisdiction. NOTICE OF INCREASE IN OFFER PRICE CASTLE ACQUISITION COMPANY, INC. AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF FLEXI-VAN LEASING, INC. ANNOUNCED ON JUNE 22, 2000, THAT IT HAS INCREASED ITS OFFER FOR EACH OUTSTANDING SHARE OF COMMON STOCK, HAVING NO PAR VALUE, OF CASTLE & COOKE, INC. TO $19.25 NET IN CASH - -------------------------------------------------------------------------------- THE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 12:00 MIDNIGHT, NEW YORK CITY TIME, ON JULY 6, 2000, UNLESS THE OFFER IS EXTENDED (THE "EXPIRATION DATE"). - -------------------------------------------------------------------------------- THE OFFER IS CONDITIONED UPON, AMONG OTHER THINGS, THERE BEING VALIDLY TENDERED AND NOT WITHDRAWN PRIOR TO THE EXPIRATION OF THE OFFER THAT NUMBER OF SHARES WHICH CONSTITUTES AT LEAST A SIMPLE MAJORITY OF THE OUTSTANDING SHARES NOT ALREADY OWNED BY PURCHASER OR ITS AFILIATES (ASSUMING EXERCISE OF ALL OUSTANDING OPTIONS ON THE DATE SHARES ARE ACCEPTED FOR PAYMENT.) Purchaser expressly reserves the right, in its sole discretion, at any time and from time to time, to extend for any reason the period of time during which the Offer is open, including the occurrence of any condition specified in CONDITIONS TO THE OFFER of the Offer to Purchase, by giving oral or written notice of such extension to EquiServe Trust Company, N.A. (the "Depositary"). Any such extension will be followed as promptly as practicable by public announcement thereof, such announcement to be made no later than 9:00 a.m., New York City time, on the next business day after the previously scheduled Expiration Date of the Offer. During any such extension, all Shares previously tendered and not withdrawn will remain subject to the Offer, subject to the rights if any of tendering shareholders to withdraw their Shares. If the conditions to the Offer have been satisfied as of the then scheduled Expiration Date, but fewer Shares have been tendered than are needed to effect a short-form merger under the Hawaii Business Corporation Act, Purchaser will accept and promptly make payment for Shares tendered and not withdrawn as of that Expiration Date and will extend the Offer for a subsequent offering period in accordance with Rule 14d-11 of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended, in order to provide the hoders of Shares additional time to tender their Shares. THE OFFER TO PURCHASE AND THE RELATED LETTER OF TRANSMITTAL CONTAIN IMPORTANT INFORMATION WHICH SHOULD BE READ BEFORE ANY DECISION IS MADE WITH RESPEC TO THE OFFER. Questions and requests for assistance or for additional copies of the Offer to Purchase and the related Letter of Transmittal and other tender offer materials may be directed to the Information Agent or the Dealer Manager as set forth below, and copies will be furnished promptly at Purchaser's expense. THE INFORMATION AGENT FOR THE OFFER IS: GEORGESON SHAREHOLDER COMMUNICATIONS INC. 17 State Street, 10th Floor New York, New York 10004 Banks and Brokerage Firms Please Call (212) 440-9800 Shareholders Please Call (800) 223-2064 THE DEALER MANAGER FOR THE OFFER IS: DEUTSCHE BANC ALEX. BROWN Deutsche Bank Securities Inc. 130 Liberty Street, 33rd Floor New York, New York 10006 (212) 250-6000 (Call Collect) -----END PRIVACY-ENHANCED MESSAGE-----