SC 13E3/A: Schedule filed to report going private transactions
Published on October 3, 2001
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13E-3
(RULE 13E-100)
TRANSACTION STATEMENT UNDER SECTION 13(E) OF THE SECURITIES
EXCHANGE ACT OF 1934 AND RULE 13E-3 THEREUNDER
(AMENDMENT NO. 4 Final Amendment)
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SUNSOURCE INC.
(Name of the Issuer)
SUNSOURCE INC.
ALLIED CAPITAL CORPORATION
(Names of Person(s) Filing Statement)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
(Title of Class of Securities)
867948101
(CUSIP Number of Class of Securities)
(Name, Address, and Telephone Number of Persons Authorized to Receive Notices
and Communications on Behalf of the Person(s) Filing Statement)
with a copy to:
Steven B. Boehm, Esq.
Sutherland Asbill & Brennan LLP
1275 Pennsylvania Ave., NW
Washington, DC 20004
This statement is filed in connection with (check the
appropriate box):
a. [ ] The filing of solicitation materials or an information
statement subject to Regulation 14A, Regulation 14C or Rule
13e-3(c) under the Securities Exchange Act of 1934.
b. [ ] The filing of a registration statement under the Securities
Act of 1933.
c. [ ] A tender offer.
d. [X] None of the above.
Check the following box if the soliciting materials or information
statement referred to in checking box (a) are preliminary copies: [ ]
Check the following box if the filing is a final amendment reporting the
results of the transaction: [X]
CALCULATION OF FILING FEE
*The transaction valuation was determined based upon the 6,900,280
shares of Allied Capital common stock, par value $0.0001 per share,
proposed to be acquired in the transaction.
** The amount of the filing fee, calculated in accordance with Rule
0-11(b) of the Securities Exchange Act of 1934, as amended, equals
1/50th of one percent of the value of the securities to be acquired.
[X]Check the box if any part of the fee is offset as provided by Exchange
Act 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.
(1) Amount Previously Paid: $14,318.08
(2) Form, Schedule or Registration Statement No.: Preliminary
Proxy Statement on Schedule 14A
(3) Filing Party: SunSource Inc.
(4) Date Filed: July 11, 2001
INTRODUCTION
This Amendment No. 4 to the Rule 13e-3 Transaction Statement on Schedule
13E-3 (the "Schedule 13E-3") is being filed by: (1) SunSource Inc., a Delaware
corporation ("SunSource") and the issuer of the equity securities which are the
subject of the transaction, (2) Allied Capital Corporation, a Maryland
corporation ("Allied Capital"), (3) Maurice P. Andrien, Jr., Joseph M. Corvino,
Max W. Hillman, Jr., Richard Hillman, Stephen W. Miller, George L. Heredia, Gary
L. Seeds, Terry R. Rowe, James P. Waters, Dennis G. Blake, Richard A. Buller,
Kenneth H. Foskey, Michael Mueller, Mark Yeary, John H. Marshall III and John P.
McDonnell, each an individual and shareholder of SunSource (collectively, the
"Filing Persons").
This Amendment No. 4 to Schedule 13E-3 is the final amendment to the
Schedule 13E-3 filed with the Securities and Exchange Commission (the
"Commission") by the Filing Persons relating to the merger of Allied Capital
Lock Acquisition Corporation, a Delaware corporation and wholly owned subsidiary
of Allied Capital ("Merger Sub"), with and into SunSource with SunSource
surviving as an independently managed, private portfolio company of Allied
Capital (the merger), upon the terms and subject to the conditions of the
Agreement and Plan of Merger dated as of June 18, 2001, among Allied Capital,
Merger Sub and SunSource.
A special meeting of SunSource shareholders was held on September 25,
2001, and both the merger agreement and the merger were approved. A certificate
of merger was filed with the Secretary of State of the State of Delaware, and
the merger was consummated and effective on September 26, 2001. Pursuant to the
terms of the merger agreement, each share of SunSource common stock was
converted into the right to receive $10.375 at the effective time of the merger.
Pursuant to the terms of the merger agreement, upon consummation of the
merger, Allied Capital owns approximately 94% of the outstanding common stock of
SunSource, and certain members of management and continuing stockholders own
approximately 6% of the outstanding common stock of SunSource on a fully diluted
basis.
By filing this Amendment No. 4 to Schedule 13E-3, none of the Filing
Persons concedes that Rule 13e-3 is applicable to the merger or the other
transactions contemplated by the merger agreement.
SIGNATURE
After due inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct.
Date: October 2, 2001
SUNSOURCE INC.
By: /s/ MAURICE P. ANDRIEN, JR.
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Name: Maurice P. Andrien, Jr.
Title: President and Chief Executive Officer
ALLIED CAPITAL CORPORATION
By: /s/ G. CABELL WILLIAMS III
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Name: G. Cabell Williams III
Title: Managing Director
INDIVIDUAL FILING PERSONS
/s/ MAURICE P. ANDRIEN, JR.
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Maurice P. Andrien, Jr.
/s/ JOSEPH M. CORVINO
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Joseph M. Corvino
/s/ MAX W. HILLMAN, JR.
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Max W. Hillman, Jr.
/s/ RICHARD HILLMAN
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Richard Hillman
/s/ STEPHEN W. MILLER
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Stephen W. Miller
/s/ GEORGE L. HEREDIA
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George L. Heredia
/s/ GARY L. SEEDS
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Gary L. Seeds
/s/ TERRY R. ROWE
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Terry R. Rowe
/s/ JAMES P. WATERS
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James P. Waters
/s/ DENNIS G. BLAKE
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Dennis G. Blake
/s/ RICHARD A. BULLER
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Richard A. Buller
/s/ KENNETH H. FOSKEY
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Kenneth H. Foskey
/s/ MICHAEL MUELLER
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Michael Mueller
/s/ MARK YEARY
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Mark Yeary
/s/ JOHN H. MARSHALL III
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John H. Marshall III
/s/ JOHN P. MCDONNELL
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John P. McDonnell