-----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, TbU3nNrwY4et+YwN8vGtl2VLJjsZMUGanGA6dN+vab2mM6fvedFeb4CQ8rKwAB7T tQQ8TUsJamFUTIED9wkZAw== 0000927016-98-004164.txt : 19981204 0000927016-98-004164.hdr.sgml : 19981204 ACCESSION NUMBER: 0000927016-98-004164 CONFORMED SUBMISSION TYPE: SC 14D1/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19981203 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CITIZENS CORP /DE/ CENTRAL INDEX KEY: 0000895469 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 043178765 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D1/A SEC ACT: SEC FILE NUMBER: 005-54783 FILM NUMBER: 98763737 BUSINESS ADDRESS: STREET 1: 440 LINCOLN ST CITY: WORCESTER STATE: MA ZIP: 01653 BUSINESS PHONE: 5088551000 MAIL ADDRESS: STREET 1: 440 LINCOLN STREET CITY: WORCESTER STATE: MA ZIP: 01653 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ALLMERICA FINANCIAL CORP CENTRAL INDEX KEY: 0000944695 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 043263626 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D1/A BUSINESS ADDRESS: STREET 1: 440 LINCOLN ST CITY: WORCESTER STATE: MA ZIP: 01653 BUSINESS PHONE: 5088551000 MAIL ADDRESS: STREET 1: 440 LINCOLN ST CITY: WORCESTER STATE: MA ZIP: 01653 SC 14D1/A 1 AMENDMENT #4 TO SCHEDULE 14D-1 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 --------------------------- SCHEDULE 14D-1 (AMENDMENT NO. 4) (FINAL AMENDMENT) TENDER OFFER STATEMENT Pursuant to Section 14(d)(1) of the Securities Exchange Act of 1934 and SCHEDULE 13D Under the Securities Exchange Act of 1934 --------------------------- CITIZENS CORPORATION (Name of Subject Company) ALLMERICA FINANCIAL CORPORATION CITIZENS ACQUISITION CORPORATION (Bidders) COMMON STOCK, $0.01 PAR VALUE (Title of Class of Securities) 01-174533 10 9 (CUSIP Number of Class of Securities) JOHN F. KELLY, ESQ. 440 LINCOLN STREET WORCESTER, MASSACHUSETTS 01653 (508) 855-1000 (Name of Person Authorized to Receive Notices on Behalf of Bidders) Copy to: LAUREN I. NORTON, ESQ. ROPES & GRAY ONE INTERNATIONAL PLACE BOSTON, MASSACHUSETTS 02110 (617) 951-7000 CALCULATION OF FILING FEE - ------------------------------------------------------------------------------- Transaction Value* Amount of Filing Fee - ------------------------------------------------------------------------------- $195,938,925.00 $39,187.79 - -------------------------------------------------------------------------------
* For purposes of calculating the fee only. This amount assumes the purchase of 5,892,900 shares of common stock, par value $.01 per share, of Citizens Corporation at $33.25 net in cash per share, which represents all outstanding shares at October 30, 1998 not owned directly or indirectly by the persons filing this statement. The amount of the filing fee calculated in accordance with Rule 0-11 equals 1/50th of 1% of the value of the shares to be purchased. [X] Check 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: $39,187.79 Filing Parties: Allmerica Financial Corporation and Citizens Acquisition Corporation Form or Registration No.: Schedule 14D-1 and Date Filed: November 2, 1998 and November 17, 1998 Amendment No. 2 thereto
- -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- SCHEDULE 14D-1 - ---------------------- CUSIP NO. 01-174533109 - ---------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSONS: ALLMERICA FINANCIAL CORPORATION 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 04-3263626 - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS): 2 (A) [X] (B) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 BK, WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED 5 PURSUANT TO ITEMS 2(E) or 2(F) [_] - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 DELAWARE - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 7 34,786,365 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES 8 (SEE INSTRUCTIONS): [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED TO AMOUNT IN ROW (7): 9 99.4% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): 10 HC - ------------------------------------------------------------------------------ -2- SCHEDULE 14D-1 - ---------------------- CUSIP NO. 01-174533109 - ---------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSONS: CITIZENS ACQUISITION CORPORATION 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: NONE - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS): 2 (A) [X] (B) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 BK, AF - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED 5 PURSUANT TO ITEMS 2(E) or 2(F) [_] - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 DELAWARE - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 7 34,786,365 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES 8 (SEE INSTRUCTIONS): [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED TO AMOUNT IN ROW (7): 9 99.4% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): 10 GM - ------------------------------------------------------------------------------ -3- INTRODUCTION Allmerica Financial Corporation ("AFC") and Citizens Acquisition Corporation (the "Purchaser") hereby amend and supplement their Tender Offer Statement on Schedule 14D-1 (the "Schedule 14D-1") originally filed on November 2, 1998, as amended, with respect to the offer to purchase all of the outstanding shares of common stock, par value $0.01 per share (the "Shares"), of Citizens Corporation, a Delaware corporation ("Citizens") that AFC does not already own. This Amendment No. 4 to the Schedule 14D-1, constituting the Final Amendment to the Schedule 14D-1 pursuant to Instruction D to Schedule 14D-1, also constitutes the Statement on Schedule 13D of AFC and the Purchaser. The item numbers and responses thereto below are in accordance with the requirements of Schedule 14D-1. Capitalized terms used herein but not defined are used as defined in the Schedule 14D-1. ITEM 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY. Item 6 of the Schedule 14D-1 is hereby amended and supplemented to add the following: On December 3, 1998, AFC issued a press release, a copy of which is included as exhibit (a)(10) hereto, and the information contained therein is incorporated by reference. ITEM 7. CONTRACTS. ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO THE SUBJECT COMPANY'S SECURITIES Item 7 is hereby amended and supplemented by adding thereto the following: By executing the Letter of Transmittal or the Revised Letter of Transmittal, each tendering shareholder has appointed designees of AFC and the Purchaser as such shareholder's proxies with respect to the tendered Shares. All such proxies became effective as of Purchaser's acceptance for payment of the Shares tendered in response to the Offer. Such proxies are irrevocable and coupled with an interest in the tendered Shares. ITEM 11. MATERIAL TO BE FILED AS EXHIBITS. Item 11 of the Schedule 14D-1 is amended and supplemented to add the following exhibit: (a)(10) Press release dated December 3, 1998. -5- SIGNATURES After due inquiry and to the best of my knowledge and belief, each of the undersigned certify that the information set forth in this statement is true, complete and correct. Date: December 3, 1998 ALLMERICA FINANCIAL CORPORATION By: /s/ Edward J. Parry, III ------------------------------------- Name: Edward J. Parry, III Title: Vice President, Treasurer and Chief Financial Officer CITIZENS ACQUISITION CORPORATION By: /s/ Edward J. Parry, III --------------------------------------- Name: Edward J. Parry, III Title: President and Treasurer -6- EXHIBIT INDEX EXHIBITS -------- (a)(10) Press release dated December 3, 1998. EX-99.(A)(10) 2 PRESS RELEASE DATED 12/3/98 ALLMERICA FINANCIAL COMPLETES CASH TENDER OFFER FOR CITIZENS CORPORATION WORCESTER, Mass., December 3, 1998 -- Allmerica Financial Corporation (NYSE: AFC) today announced that it has completed successfully its tender offer to purchase shares of Citizens Corporation (NYSE: CZC) common stock for $33.25 per share. The tender offer expired at midnight, New York City time on December 2, 1998. Based on its preliminary tabulation, the depositary for the offer has informed Allmerica that approximately 5,692,865 shares of Citizens stock were tendered properly and not withdrawn pursuant to the offer, including 366,750 shares tendered by means of notices of guaranteed delivery. Allmerica accepted for payment all shares properly tendered prior to the expiration of the offer. The combination of tendered shares and the 29,093,500 shares of Citizens stock that Allmerica currently owns represents approximately 99.4 percent of the shares of Citizens Corporation currently outstanding. Payment for shares accepted for payment pursuant to the offer will be made promptly. Allmerica intends to acquire shortly the remaining outstanding shares of Citizens common stock through the merger of its wholly owned subsidiary, Citizens Acquisition Corporation, with and into Citizens Corporation at a price of $33.25 per share. Allmerica Financial Corporation is the holding company for a diversified group of insurance and financial services companies, including Citizens, and is based in Worcester, Mass. CONTACT: Investors: Media: Michael F. Buckley Jean Peters (508) 855-3099 (508) 855-3599 -----END PRIVACY-ENHANCED MESSAGE-----