-----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, Uyzv4MJ7iK8+ALPu4FSdidvqKo2WTScUXIAzRTf6jCdYqvk+POrkWQGP+b/jDQN4 BkPMLxHr31sb2BDscFaTEA== 0000950157-97-000070.txt : 19970220 0000950157-97-000070.hdr.sgml : 19970220 ACCESSION NUMBER: 0000950157-97-000070 CONFORMED SUBMISSION TYPE: SC 14D9/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970203 SROS: NYSE SROS: PHLX SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CONRAIL INC CENTRAL INDEX KEY: 0000897732 STANDARD INDUSTRIAL CLASSIFICATION: RAILROADS, LINE-HAUL OPERATING [4011] IRS NUMBER: 232728514 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D9/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-42777 FILM NUMBER: 97516915 BUSINESS ADDRESS: STREET 1: TWO COMMERCE SQ STREET 2: P O BOX 41417 CITY: PHILADELPHIA STATE: PA ZIP: 19101-1417 BUSINESS PHONE: 2152094434 MAIL ADDRESS: STREET 1: P.O. BOX 41429 STREET 2: 2001 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19101-1429 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CONRAIL INC CENTRAL INDEX KEY: 0000897732 STANDARD INDUSTRIAL CLASSIFICATION: RAILROADS, LINE-HAUL OPERATING [4011] IRS NUMBER: 232728514 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D9/A BUSINESS ADDRESS: STREET 1: TWO COMMERCE SQ STREET 2: P O BOX 41417 CITY: PHILADELPHIA STATE: PA ZIP: 19101-1417 BUSINESS PHONE: 2152094434 MAIL ADDRESS: STREET 1: P.O. BOX 41429 STREET 2: 2001 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19101-1429 SC 14D9/A 1 AMENDMENT NO. 18 ======================================================================== SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ----------------------------- AMENDMENT NO. 18 to SCHEDULE 14D-9 SOLICITATION/RECOMMENDATION STATEMENT Pursuant to Section 14(d)(4) of the Securities Exchange Act of 1934 ----------------------------- CONRAIL INC. (Name of Subject Company) ----------------------------- CONRAIL INC. (Name of Person(s) Filing Statement) ----------------------------- Common Stock, par value $1.00 per share (including the associated Common Stock Purchase Rights) (Title of Class of Securities) 208368 10 0 (CUSIP Number of Class of Securities) ----------------------------- Series A ESOP Convertible Junior Preferred Stock, without par value (including the associated Common Stock Purchase Rights) (Title of Class of Securities) N/A (CUSIP Number of Class of Securities) ----------------------------- James D. McGeehan Corporate Secretary Conrail Inc. 2001 Market Street Two Commerce Square Philadelphia, Pennsylvania 19101 (215) 209-4000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of the Person(s) Filing Statement) With a copy to: Robert A. Kindler, Esq. Cravath, Swaine & Moore Worldwide Plaza 825 Eighth Avenue New York, New York 10019 (212) 474-1000 ======================================================================== INTRODUCTION Conrail Inc. ("Conrail") hereby amends and supplements its Solicitation/Recommendation Statement on Schedule 14D-9, originally filed on November 6, 1996, and amended on November 7, 1996, November 8, 1996, November 13, 1996, November 18, 1996, November 20, 1996, November 21, 1996, November 26, 1996, December 3, 1996, December 6, 1996, December 12, 1996, December 20, 1996, January 3, 1997, January 10, 1997, January 14, 1997, January 16, 1997, January 21, 1997 and January 27, 1997 (as amended, the "Norfolk Schedule 14D-9"), with respect to an offer by Atlantic Acquisition Corporation, a Pennsylvania corporation ("Atlantic") and a wholly owned subsidiary of Norfolk Southern Corporation, a Virginia corporation ("Norfolk"), to purchase all the issued and outstanding Shares of Conrail. Capitalized terms not defined herein have the meanings assigned thereto in the Norfolk Schedule 14D-9. Item 8. Additional Information to be Furnished. Item 8 of the Norfolk Schedule 14D-9 is hereby amended and supplemented by adding the following text thereto: On January 29, 1997, CSX and Conrail jointly published an advertisement, a copy of which is attached hereto as Exhibit (a)(28) and is incorporated herein by reference. On January 31, 1997, Conrail issued a press release announcing that it had designated December 19, 1997 as the date for its 1997 annual shareholder meeting. A copy of the text of the press release is attached hereto as Exhibit (a)(29), is incorporated herein by reference and foregoing summary is qualified in its entirety by reference to such Exhibit. On January 31, 1997, Conrail, CSX and Norfolk issued a joint press release regarding their meeting held on January 31, 1997. A copy of the text of the press release is attached hereto as Exhibit (a)(30), is incorporated herein by reference and foregoing summary is qualified in its entirety by reference to such Exhibit. Following the consummation of the amended Norfolk Offer on February 4, 1997, the Employee Benefits Trust ("EBT") will use the proceeds received from the tender of Shares pursuant to the amended Norfolk Offer to purchase additional Shares in the market. Following the consummation of the amended Norfolk Offer, it is anticipated that the ESOP will use the proceeds received from the tender of Shares pursuant to the amended Norfolk Offer and any additional proceeds remaining from the First CSX Offer to purchase additional Shares in the market. Item 9. Materials to be filed as Exhibits. Item 9 of the Norfolk Schedule 14D-9 is hereby amended and supplemented by adding the following text thereto: (a)(28) Text of joint advertisement published by Conrail and CSX on January 29, 1997 (incorporated by reference to Exhibit (a)(23) to the Second CSX 14D-9) (a)(29) Text of press release issued by Conrail on January 31, 1997 (incorporated by reference to Exhibit (a)(24) to the Second CSX 14D-9) (a)(30) Text of joint press release issued by Conrail, CSX and Norfolk on January 31, 1997 (incorporated by reference to Exhibit (a)(25) to the Second CSX 14D-9) 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. CONRAIL INC. By /s/ John A. McKelvey ------------------------------------ Name: John A. McKelvey Title: Senior Vice President-- Finance Dated as of February 3, 1997 EXHIBIT INDEX Exhibit Description Page No. - ------- ----------- -------- *(a)(1) Text of press release issued by Conrail dated October 23, 1996 (incorporated by reference to Exhibit (a)(9) to the Solicitation/Recommendation Statement on Schedule 14D-9 of Conrail Inc. dated October 16, 1996, as amended (the "CSX 14D-9"))............................................ *(a)(2) Text of press release issued by Norfolk, dated October 23, 1996 (incorporated by reference to Exhibit (a)(8) to the CSX 14D-9).................... *(a)(3) Text of press release issued by Conrail and CSX dated November 6, 1996.............................. *(a)(4) Letter to shareholders of Conrail dated November 6, 1996............................................. *(a)(5) Text of press release issued by Conrail, dated November 7, 1996 (incorporated by reference to Exhibit (a)(16) to the CSX 14D-9).............................................. *(a)(6) Text of press release issued by Conrail, dated November 7, 1996 (incorporated by reference to Exhibit (a)(17) to the CSX 14D-9)................... *(a)(7) Text of press release issued by Conrail, dated November 8, 1996 (incorporated by reference to Exhibit (a)(18) to the CSX 14D-9)................... *(a)(8) Text of press release issued by Conrail and CSX, dated November 13, 1996 (incorporated by reference to Exhibit (a)(19) to the CSX 14D-9)................ *(a)(9) Text of press release issued by Conrail and CSX dated November 19, 1996 (incorporated by reference to Exhibit (a)(20) to the CSX 14D-9)................ *(a)(10) Text of press release issued by Conrail and CSX dated November 20, 1996 (incorporated by reference to Exhibit (a)(21) to the CSX 14D-9)................ *(a)(11) Text of press release issued by CSX dated November 21, 1996 (incorporated by reference to Exhibit (a)(22) to the CSX 14D-9)........................... Exhibit Description Page No. - ------- ----------- -------- *(a)(12) Text of press release issued by Conrail, dated November 25, 1996................................... *(a)(13) Text of press release issued by CSX, dated November 26, 1996 (incorporated by reference to Exhibit (a)(23) to the CSX 14D-9)................... *(a)(14) Text of press release issued by Conrail and CSX dated December 5, 1996.............................. *(a)(15) Text of press release issued by Conrail and CSX dated December 10, 1996 (incorporated by reference to Exhibit (a)(8) to the Solicitation/ Recommendation Statement on Schedule 14D-9 of Conrail dated December 6, 1996, as amended, relating to the second tender offer by CSX (the "Second CSX 14D-9"))....................... *(a)(16) Text of press release issued by CSX and Conrail dated December 19, 1996 (incorporated by reference to Exhibit (a)(12) to the Second CSX 14D-9)......... *(a)(17) Text of press release issued by Conrail dated December 20, 1996 (incorporated by reference to Exhibit (a)(13) to the Second CSX 14D-9)............ *(a)(18) Text of joint advertisement published by Conrail and CSX on December 10, 1996 (incorporated by reference to Exhibit (a)(14) to the Second CSX 14D-9).............................................. *(a)(19) Text of joint advertisement published by Conrail and CSX on December 12, 1996 (incorporated by reference to Exhibit (a)(15) to the Second CSX 14D-9).............................................. *(a)(20) Text of joint press release issued by Conrail and CSX on January 9, 1997 (incorporated by reference to Exhibit (a)(16) to the Second CSX 14D-9)......... *(a)(21) Text of joint press release issued by Conrail and CSX on January 13, 1997 (incorporated by reference to Exhibit (a)(17) to the Second CSX 14D-9)......... *(a)(22) Text of joint press release issued by Conrail and CSX dated January 15, 1997 (incorporated by reference to Exhibit (a)(18) to the Second CSX 14D-9).............................................. Exhibit Description Page No. - ------- ----------- -------- *(a)(23) Text of press release issued by Conrail dated January 17, 1997 (incorporated by reference to Exhibit (a)(19) to the Second CSX 14D-9)............ *(a)(24) Text of press release issued by Conrail dated January 28, 1997.................................... *(a)(25) Letter to shareholders of Conrail dated January 28, 1997............................................ *(a)(26) Text of press release issued by Conrail dated January 22, 1997.................................... *(a)(27) Text of press release issued by Conrail dated January 23, 1997 ................................... (a)(28) Text of joint advertisement published by Conrail and CSX on January 29, 1997 (incorporated by reference to Exhibit (a)(23) to the Second CSX 14D-9).............................................. (a)(29) Text of press release issued by Conrail on January 31, 1997 (incorporated by reference to Exhibit (a)(24) to the Second CSX 14D-9).................... (a)(30) Text of joint press release issued by Conrail, CSX and Norfolk on January 31, 1997 (incorporated by reference to Exhibit (a)(25) to the Second CSX 14D-9).............................................. (b) Not applicable...................................... *(c)(1) Pages 4-5 and 9-14 of Conrail's Proxy Statement dated April 3, 1996 (incorporated by reference to Exhibit (c)(7) to the CSX 14D-9).................... *(c)(2) Employment Agreement of Mr. David M. LeVan dated as of October 14, 1996 (incorporated by reference to Exhibit (c)(5) to the CSX 14D-9)................. *(c)(3) Change of Control Agreement of Mr. David M. LeVan dated as of October 14, 1996 (incorporated by reference to Exhibit (c)(6) to the CSX 14D-9)....... Exhibit Description Page No. - ------- ----------- -------- *(c)(4) First Amended Complaint in Norfolk Southern et al. v. Conrail Inc., et al., No. 96-CV- 7167, filed on October 28, 1996 in the United States District Court for the Eastern District of Pennsylvania (incorporated by reference to Exhibit (c)(9) to the CSX 14D-9)...................................... *(c)(5) Second Amended Complaint in Norfolk Southern et. al. v. Conrail Inc., et al., No. 96-CV-7167, filed on November 15, 1996 in the United States District Court for the Eastern District of Pennsylvania (incorporated by reference to Exhibit (c)(12) to the CSX 14D-9)...................................... *(c)(6) Text of opinion of Judge Donald VanArtsdalen of the United States District Court for the Eastern District of Pennsylvania as delivered from the bench on November 20, 1996......................... *(c)(7) Conrail's Definitive Proxy Statement, dated November 25, 1996.................................. *(c)(8) Answer and Defenses of Conrail, CSX and the individual defendants to Second Amended Complaint, and Counterclaim of Conrail and CSX in Norfolk Southern et al. v. Conrail Inc. et al., filed on December 5, 1996, in the United States District Court for the Eastern District of Pennsylvania........................................ *(c)(9) Second Amendment to Agreement and Plan of Merger dated as of December 18, 1996, (incorporated by reference to Exhibit (c)(10) to the Second CSX 14D-9).............................................. *(c)(10) Form of Amended and Restated Voting Trust Agreement (incorporated by reference to Exhibit (c)(11) to the Second CSX 14D-9).................... *(c)(11) Text of opinion of Judge Donald VanArtsdalen of the United States District Court for the Eastern District of Pennsylvania as delivered from the bench on January 9, 1997 (incorporated by reference to Exhibit (c)(12) to the Second CSX 14D-9).............................................. Exhibit Description Page No. - ------- ----------- -------- *(c)(12) Text of STB Decision No. 5 of STB Finance Docket No. 33220 dated January 8, 1997 (incorporated by reference to Exhibit (c)(13) to the Second CSX 14D-9).............................................. - --------------------- * Previously filed -----END PRIVACY-ENHANCED MESSAGE-----