-----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, UlmboauFFhYgxV2EPrTe92XnxiSzhsb4vI6TSIRRSbPrl4ESvgQlAPZZpVMtIFYY ZcSBhaF0YMl9LGVfmE5+mg== 0000950123-97-004686.txt : 19970529 0000950123-97-004686.hdr.sgml : 19970529 ACCESSION NUMBER: 0000950123-97-004686 CONFORMED SUBMISSION TYPE: SC 14D1/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19970528 SROS: NONE GROUP MEMBERS: GEORGE ACQUISITION INC GROUP MEMBERS: ITT INDUSTRIES, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GOULDS PUMPS INC CENTRAL INDEX KEY: 0000042791 STANDARD INDUSTRIAL CLASSIFICATION: PUMPS & PUMPING EQUIPMENT [3561] IRS NUMBER: 150321120 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D1/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-12584 FILM NUMBER: 97615424 BUSINESS ADDRESS: STREET 1: 300 WILLOW BROOK OFFICE PARK CITY: FAIRPORT STATE: NY ZIP: 14450-4285 BUSINESS PHONE: 7163876619 MAIL ADDRESS: STREET 1: 300 WILLOW BROOK OFFICE PARK STREET 2: 300 WILLOW BROOK OFFICE PARK CITY: FAIRPORT STATE: NY ZIP: 14450-4285 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GEORGE ACQUISITION INC CENTRAL INDEX KEY: 0001038289 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D1/A BUSINESS ADDRESS: STREET 1: FOUR WEST RED OAK LANE STREET 2: C/O ITT INDUSTRIES INC CITY: WHITE PLAINS STATE: NY ZIP: 10604 BUSINESS PHONE: 9146412000 MAIL ADDRESS: STREET 1: C/O ITT INDUSTRIES INC STREET 2: FOUR WEST RED OAK LANE CITY: WHITE PLAINS STATE: NY ZIP: 10604 SC 14D1/A 1 FINAL AMENDMENT TO SCHEDULE 14D-1 1 ================================================================================ 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 ------------------------ GOULDS PUMPS, INCORPORATED (NAME OF SUBJECT COMPANY) GEORGE ACQUISITION, INC. ITT INDUSTRIES, INC. (BIDDERS) COMMON STOCK, $1.00 PAR VALUE PER SHARE (TITLE OF CLASS OF SECURITIES) 383550 10 0 (CUSIP NUMBER OF CLASS OF SECURITIES) VINCENT A. MAFFEO, ESQ. SENIOR VICE PRESIDENT AND GENERAL COUNSEL ITT INDUSTRIES, INC. FOUR WEST RED OAK LANE WHITE PLAINS, NEW YORK 10604 TELEPHONE: (914) 641-2000 (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS ON BEHALF OF BIDDERS) COPY TO: WILLIAM E. CURBOW, ESQ. SIMPSON THACHER & BARTLETT 425 LEXINGTON AVENUE NEW YORK, NEW YORK 10017 TELEPHONE: (212) 455-2000 ================================================================================ 2 - ------------------------------ CUSIP NO. 383550 10 0 - ------------------------------ - ----------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS GEORGE ACQUISITION, INC. - ----------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ----------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF, BK - ----------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(e) or 2(f) [ ] - ----------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - ----------------------------------------------------------------------------------------------------- 7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Directly: 20,269,134.5* - ----------------------------------------------------------------------------------------------------- 8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------------------------------- 9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 94.3%* - ----------------------------------------------------------------------------------------------------- 10 TYPE OF REPORTING PERSON CO - -----------------------------------------------------------------------------------------------------
- --------------- * Shares owned as of the date of the reportable event, May 23, 1995. 3 - ------------------------------ CUSIP NO. 383550 10 0 - ------------------------------ - ----------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS ITT INDUSTRIES, INC. - ----------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ----------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS BK - ----------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(e) or 2(f) [ ] - ----------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION INDIANA - ----------------------------------------------------------------------------------------------------- 7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Indirectly through a wholly owned subsidiary: 20,269,134.5* - ----------------------------------------------------------------------------------------------------- 8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------------------------------- 9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7) 94.3%* - ----------------------------------------------------------------------------------------------------- 10 TYPE OF REPORTING PERSON CO - -----------------------------------------------------------------------------------------------------
- --------------- * As of the date of the reportable event, May 23, 1995. 4 This Final Amendment amends and supplements the Tender Offer Statement on Schedule 14D-1 filed on April 25, 1997 (as amended, the "Schedule 14D-1") relating to the offer by George Acquisition, Inc., a Delaware corporation (the "Purchaser"), a wholly owned subsidiary of ITT Industries, Inc., an Indiana corporation (the "Parent"), to purchase all of the outstanding shares of Common Stock, par value $1.00 per share (the "Shares"), of Goulds Pumps, Incorporated, a Delaware corporation (the "Company"), at a purchase price of $37.00 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 April 25, 1997 (the "Offer to Purchase") and in the related Letter of Transmittal (which, together with the Offer to Purchase, as amended from time to time, constitute the "Offer"). All capitalized terms used herein and not defined herein shall have the meanings set forth in the Offer to Purchase. ITEM 5. PURPOSE OF THE TENDER OFFER AND PLANS OR PROPOSALS OF THE BIDDER. Item 5 of the Schedule 14D-1 is hereby amended and supplemented as follows: On May 28, 1997, the Parent announced that it had merged the Purchaser with and into the Company with the Company continuing as the surviving corporation after the Merger and that the Merger became effective at 4:30p.m., New York City time, on Tuesday, May 27, 1997. Because the Purchaser had acquired at least 90% of the outstanding Shares, the Merger was effected without a meeting of stockholders of the Company. As a result of the Merger, the Company became a wholly owned subsidiary of the Parent and each outstanding Share (other than Shares held in the treasury of the Company, Shares owned by the Parent, the Purchaser or any other direct or indirect subsidiary of the Parent or the Company, and Shares owned by stockholders choosing to dissent and demand appraisal of their Shares) was cancelled, extinguished, and converted into the right to receive $37.00 per Share in cash, without interest thereon, less any applicable withholding taxes. The full text of the press release is set forth in Exhibit (a)(10) and is incorporated herein by reference. On May 28, 1997, the Parent requested that the Shares no longer be quoted on NASDAQ. The Parent expects that registration of the Shares under the Exchange Act will be terminated. ITEM 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY. Item 6 of the Schedule 14D-1 is hereby amended and supplemented as follows: Pursuant to the Offer, which expired at 12:00 midnight, New York City time, on Thursday, May 22, 1997, the Purchaser ultimately acquired 20,269,134.5 Shares (or approximately 94.3% of the issued and outstanding Shares). The information provided in the Final Amendment under Item 5 is incorporated herein by reference. ITEM 11. MATERIAL TO BE FILED AS EXHIBITS (a)(10) Press Release issued by the Parent on May 28, 1997. 2 5 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. ITT INDUSTRIES, INC. By: /s/ ROBERT W. BEICKE ------------------------------------ Name: Robert W. Beicke Title: Vice President GOULDS PUMPS, INCORPORATED as successor by merger to GEORGE ACQUISITION, INC. By: /s/ MICHAEL T. TOMAINO ------------------------------------ Name: Michael T. Tomaino Title: Vice President, General Counsel and Secretary Date: May 28, 1997 3 6 EXHIBIT INDEX
EXHIBIT PAGE NO. DESCRIPTION NO. - -------- ----------------------------------------------------------------------------- ---- (a)(10) Press release issued by the Parent on May 28, 1997...........................
EX-99.A.10 2 PRESS RELEASE 1 ITT Industries ITT Industries, Inc. AUTOMOTIVE 4 West Red Oak Lane DEFENSE & ELECTRONICS White Plains, NY 10604 FLUID TECHNOLOGY Tel: (914) 641-2000 Fax: (914) 698-2950 Contact: Thomas R. Martin For Immediate Release 914-641-2157 - ---------------------- Ralph Allen 914-641-2030 ITT Industries and Goulds Pumps, Inc. Complete Merger --Company Is World's Largest Producer of Pumps-- White Plains, NY, May 28, 1997--ITT Industries, Inc. (NYSE:IIN) announced today that as of May 27, 1997, Goulds Pumps, Inc., had been merged with a wholly-owned subsidiary of ITT Industries. As a result, each share of common stock of Goulds not previously purchased in ITT Industries' tender offer which expired at midnight on May 22, 1997 had been converted into the right to receive $37 in cash. ITT Industries first announced its intent to acquire Goulds on April 21. With the completion of the merger, the combined businesses form the world's largest pump manufacturer, with revenues from pumps, valves and other fluid handling products exceeding $2 billion annually. "We have an extraordinary fit in both our product lines and market coverage," said Richard J. Labrecque, president of ITT Fluid Technology Corporation. "Among other benefits, the synergies of our combined companies offer unprecedented pathways to cross-selling and new product innovations. Together, we will be even stronger than either of us would have been individually." ITT Industries' fluid technology business specializes in the manufacture of pumps, valves, heat exchangers and related equipment used to move, measure and control fluids. With 1996 sales of $1.3 billion in the fluid technology segment, the company provides products serving markets that include wastewater treatment, chemical processing, construction, bio-pharmaceutical, aerospace, and general industry. With sales offices in over 100 countries, ITT Fluid Technology is growing rapidly in emerging markets around the globe. The company's brand names include Flygt, Bell and Gossett, A-C Pump, Richter and Jabsco. ITT Industries (www.ittind.com) is a leading global diversified manufacturing company, with 1996 sales of $8.4 billion dollars from its three primary business segments, fluid technology, automotive, and defense and electronics. ITT Industries' automotive business is one of the world's largest independent suppliers of systems and components to automotive manufacturers. In the defense and electronics area, ITT Industries is a leader in the design, manufacture and support of high technology electronic systems and components for defense and commercial markets. In addition to the New York Stock Exchange, ITT Industries' stock is traded under the symbol("IIN") on the Midwest, Pacific, London, Frankfurt and Paris exchanges. NOTE TO EDITORS: THIS IS ITT INDUSTRIES (NYSE:IIN) NOT ITT CORPORATION (NYSE:ITT). ANY SHORTHAND REFERENCE TO ITT WILL BE INCORRECT. -----END PRIVACY-ENHANCED MESSAGE-----