SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
--------------------
SCHEDULE TO
(RULE 14D-100)
TENDER OFFER STATEMENT UNDER SECTION 14(D) (1) OR 13(E) (1)
OF THE SECURITIES EXCHANGE ACT OF 1934
ALLCITY INSURANCE COMPANY
(Name of Subject Company (Issuer))
LEUCADIA NATIONAL CORPORATION
(Name of Filing Person - (Offeror))
COMMON STOCK, PAR VALUE $1.00 PER SHARE
(Title of Class of Securities)
016752107
(CUSIP Number of Class of Securities)
JOSEPH A. ORLANDO
LEUCADIA NATIONAL CORPORATION
315 PARK AVENUE SOUTH
NEW YORK, NEW YORK 10010
TELEPHONE: (212) 460-1900
(Name, Address and Telephone Number of Person
Authorized to Receive Notice and Communications on Behalf of Filing Person)
COPIES TO:
ANDREA A. BERNSTEIN, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, NEW YORK 10153-0119
TELEPHONE: (212) 310-8000
CALCULATION OF FILING FEE*
======================================= ========================================
Transaction Valuation Amount of Filing Fee
--------------------------------------- ----------------------------------------
$1,704,497 $138
--------------------------------------- ----------------------------------------
* For purpose of calculating the filing fee only. The fee is $80.90 per
$1,000,000 of the aggregate offering amount (or .0000809 of the aggregate
transaction valuation), calculated pursuant to Rule 0-11 of the Securities
Exchange Act of 1934, as amended by Fee Advisory #11, issued by the Commission
on February 7, 2003. The amount assumes the purchase of 619,817 shares of common
stock of Allcity Insurance Company ("Allcity"), for a purchase price per share
of $2.75 in cash. Such number of shares represents (i) the sum of the 7,078,625
outstanding shares of Allcity as of March 31, 2003, (ii) less 6,458,808 shares
of Allcity already beneficially owned by Leucadia National Corporation.
[ ] 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: Not Applicable Filing Party: Not Applicable
Form or Registration No.: Not Applicable Date Filed: Not Applicable
[ ] 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 transactions 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: [ ]
(Continued on following pages)
(Page 2 of 23 pages)
-------------------------------------------------------------------------- ----------------------------------------
CUSIP No. 016752107 13D Page 3 of 23 Pages
-------------------------------------------------------------------------- ----------------------------------------
--------------- ---------------------------------------------------------- --------------------------------------------------------
1 NAME OF REPORTING PERSON: LEUCADIA NATIONAL CORPORATION
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
--------------- -------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
--------------- -------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------------- ------------------------------------ ------------------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
--------------- -------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
--------------- ---------------------------------------------------------- --------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: NEW YORK
--------------------------- -------- ----------------------------------------------------- ----------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
-------- ----------------------------------------------------- ----------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 6,458,808
OWNED BY
-------- ----------------------------------------------------- ----------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
-------- ----------------------------------------------------- ----------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 6,458,808
--------------- -------------------------------------------------------------------------- ----------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 6,458,808
--------------- -------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
--------------- -------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 91.2%
--------------- ---------------------------------------------------------- --------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
--------------- ---------------------------------------------------------- --------------------------------------------------------
3
-------------------------------------------------------------------------- ----------------------------------------
CUSIP No. 016752107 13D Page 4 of 23 Pages
-------------------------------------------------------------------------- ----------------------------------------
--------------- ---------------------------------------------------------- --------------------------------------------------------
1 NAME OF REPORTING PERSON: WMAC INVESTMENT CORPORATION
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
--------------- -------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
--------------- -------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------------- ------------------------------------ ------------------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
--------------- -------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
--------------- ---------------------------------------------------------- --------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: WISCONSIN
--------------------------- -------- ----------------------------------------------------- ----------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
-------- ----------------------------------------------------- ----------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 299,370
OWNED BY
-------- ----------------------------------------------------- ----------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
-------- ----------------------------------------------------- ----------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 299,370
--------------- -------------------------------------------------------------------------- ----------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 299,370
--------------- -------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
--------------- -------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.2%
--------------- ---------------------------------------------------------- --------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
--------------- ---------------------------------------------------------- --------------------------------------------------------
4
------------------------------------------------------------------------------- ------------------------------------
CUSIP No. 016752107 13D Page 5 of 23 Pages
------------------------------------------------------------------------------- ------------------------------------
------------------- ----------------------------------------------------------- ---------------------------------------------------
1 NAME OF REPORTING PERSON: PHLCORP, INC.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
------------------- ---------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
------------------- ---------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------- ------------------------------------- -------------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
------------------- ---------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------- ----------------------------------------------------------- ---------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: PENNSYLVANIA
-------------------------------- -------- ---------------------------------------------------- ------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
-------------------------------- -------- ---------------------------------------------------- ------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 6,458,808
OWNED BY
-------------------------------- -------- ---------------------------------------------------- ------------------------------------
EACH 9 SOLE DISPOSITIVE POWER:
REPORTING
-------------------------------- -------- ---------------------------------------------------- ------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 6,458,808
------------------- -------------------------------------------------------------------------- ------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 6,458,808
------------------- ---------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
------------------- ---------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 91.2%
------------------- ----------------------------------------------------------- ---------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
------------------- ----------------------------------------------------------- ---------------------------------------------------
5
---------------------------------------------------------------------------------- ---------------------------------
CUSIP No. 016752107 13D Page 6 of 23 Pages
---------------------------------------------------------------------------------- ---------------------------------
---------------------- ----------------------------------------------------------- ------------------------------------------------
1 NAME OF REPORTING PERSON: 330 MAD. PARENT CORP.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
---------------------- ------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
---------------------- ------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------- ------------------------------------- ----------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
---------------------- ------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------- ----------------------------------------------------------- ------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE
----------------------------------- -------- ---------------------------------------------------- ---------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
-------- ---------------------------------------------------- ---------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 6,159,438
OWNED BY
-------- ---------------------------------------------------- ---------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
-------- ---------------------------------------------------- ---------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 6,159,438
---------------------- -------------------------------------------------------------------------- ---------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 6,159,438
---------------------- ------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
---------------------- ------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 87.0%
---------------------- ----------------------------------------------------------- ------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
---------------------- ----------------------------------------------------------- ------------------------------------------------
6
---------------------------------------------------------------------------------- ---------------------------------
CUSIP No. 016752107 13D Page 7 of 23 Pages
---------------------------------------------------------------------------------- ---------------------------------
---------------------- ----------------------------------------------------------- ------------------------------------------------
1 NAME OF REPORTING PERSON: BALDWIN ENTERPRISES, INC.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
---------------------- ------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
---------------------- ------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------- ------------------------------------- ----------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
---------------------- ------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------- ----------------------------------------------------------- ------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: COLORADO
----------------------------------- -------- ---------------------------------------------------- ---------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
-------- ---------------------------------------------------- ---------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 6,159,438
OWNED BY
-------- ---------------------------------------------------- ---------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
-------- ---------------------------------------------------- ---------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 6,159,438
---------------------- -------------------------------------------------------------------------- ---------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 6,159,438
---------------------- ------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
---------------------- ------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 87.0%
---------------------- ----------------------------------------------------------- ------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
---------------------- ----------------------------------------------------------- ------------------------------------------------
7
---------------------------------------------------------------------------------- ---------------------------------
CUSIP No. 016752107 13D Page 8 of 23 Pages
---------------------------------------------------------------------------------- ---------------------------------
---------------------- ----------------------------------------------------------- ------------------------------------------------
1 NAME OF REPORTING PERSON: BELLPET, INC.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
---------------------- ------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
---------------------- ------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------- ------------------------------------- ----------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
---------------------- ------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------- ----------------------------------------------------------- ------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE
----------------------------------- -------- ---------------------------------------------------- ---------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
-------- ---------------------------------------------------- ---------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 5,688,031
OWNED BY
-------- ---------------------------------------------------- ---------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
-------- ---------------------------------------------------- ---------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 5,688,031
---------------------- -------------------------------------------------------------------------- ---------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 5,688,031
---------------------- ------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
---------------------- ------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 80.4%
---------------------- ----------------------------------------------------------- ------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
---------------------- ----------------------------------------------------------- ------------------------------------------------
8
---------------------------------------------------------------------------------- ---------------------------------
CUSIP No. 016752107 13D Page 9 of 23 Pages
---------------------------------------------------------------------------------- ---------------------------------
---------------------- ----------------------------------------------------------- ------------------------------------------------
1 NAME OF REPORTING PERSON: EMPIRE INSURANCE COMPANY
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
---------------------- ------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
---------------------- ------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------- ------------------------------------- ----------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
---------------------- ------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------- ----------------------------------------------------------- ------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: NEW YORK
----------------------------------- -------- ---------------------------------------------------- ---------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
-------- ---------------------------------------------------- ---------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 5,987,401
OWNED BY
-------- ---------------------------------------------------- ---------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
-------- ---------------------------------------------------- ---------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 5,987,401
---------------------- -------------------------------------------------------------------------- ---------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 5,987,401
---------------------- ------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
---------------------- ------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 84.6%
---------------------- ----------------------------------------------------------- ------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
---------------------- ----------------------------------------------------------- ------------------------------------------------
9
SCHEDULE TO
This Tender Offer Statement on Schedule TO (this "Schedule TO"),
is filed by Leucadia National Corporation, a New York Corporation ("Leucadia").
This Schedule TO relates to the offer by Leucadia to purchase all of the
outstanding shares of common stock, par value $1.00 per share (the "Common
Stock"), of Allcity Insurance Company ("Allcity"), at a price of $2.75 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 29,
2003 (the "Offer to Purchase"), a copy of which is attached hereto as Exhibit
(a)(1), and in the related Letter of Transmittal, a copy of which is attached
hereto as Exhibit (a)(2) (which, together with any supplements or amendments,
collectively constitute the "Offer"). The item numbers and responses thereto
below are in accordance with the requirements of Schedule TO.
The information set forth in the Offer to Purchase and the
related Letter of Transmittal, is expressly incorporated herein by reference in
response to all the items of this Schedule TO, including without limitation all
of the information required by Schedule 13e-3 that is not included in or covered
by the items in Schedule TO, except as set forth below.
ITEM 1. SUMMARY TERM SHEET.
Summary Term Sheet. The information set forth in the Offer to
Purchase under the title "SUMMARY TERM SHEET" is incorporated herein
by reference.
ITEM 2. SUBJECT COMPANY INFORMATION.
(a) Name and Address. The information set forth in the Offer to Purchase
under the title "THE TENDER OFFER - 8. Certain Information Concerning
Allcity" is incorporated herein by reference.
(b) Securities. As of March 31, 2003, there were 7,078,625 shares of
Common Stock issued and outstanding.
(c) Trading Market and Price. The information set forth in the Offer to
Purchase under the title "THE TENDER OFFER - 6. Price Range of the
Shares; Dividends" is incorporated herein by reference.
ITEM 3. IDENTITY AND BACKGROUND OF FILING PERSON.
(a) Name and Address. The information set forth in the Offer to Purchase
under the title "THE TENDER OFFER - 9. Certain Information Concerning
Leucadia and Empire" and Schedule I of the Offer to Purchase is
incorporated herein by reference.
ITEM 4. TERMS OF THE TRANSACTION.
(a) Material Terms. The information set forth in the Offer to Purchase
under the titles "SUMMARY TERM SHEET," "IMPORTANT," "INTRODUCTION,"
"SPECIAL FACTORS - 1. Background of the Offer, 4. Purpose and
Structure of the Offer; Reasons of Leucadia for the Offer, 5. Plans
for Allcity After the Offer; Certain Effects of the Offer," "THE
TENDER OFFER - 1. Terms of the Offer; Expiration Date, 2. Acceptance
for Payment and Payment, 3. Procedures for Accepting the Offer and
Tendering Shares, and 4. Withdrawal Rights, and 5. Certain Tax
Consequences" is incorporated herein by reference.
(b) Purchases. The information set forth in the Offer to Purchase under
the titles "SUMMARY TERM SHEET" and "SPECIAL FACTORS - 10.
Transactions and Arrangements Concerning the Shares" is incorporated
herein by reference.
10
ITEM 5. PAST CONTACTS, TRANSACTIONS, NEGOTIATIONS AND AGREEMENTS.
(e) Agreements involving the Subject Company's Securities. The
information set forth in the Offer to Purchase under the titles
"SPECIAL FACTORS -10. Transactions and Arrangements Concerning the
Shares," and "THE TENDER OFFER - 9. Certain Information Concerning
Leucadia and Empire" is incorporated herein by reference.
ITEM 6. PURPOSES OF THE TRANSACTION AND PLANS OR PROPOSALS.
(a) Purposes. The information set forth in the Offer to Purchase under
the titles "SPECIAL FACTORS - 1. Background of the Offer, 4. Purpose
and Structure of the Offer; Reasons of Leucadia for the Offer, and 5.
Plans for the Company After the Offer; Certain Effects of the Offer"
is incorporated herein by reference.
(b) Use of Securities. The information set forth in the Offer to Purchase
under the titles "SPECIAL FACTORS - 1. Background of the Offer, 4.
Purpose and Structure of the Offer; Reasons of Leucadia for the
Offer, and 5. Plans for Allcity After the Offer; Certain Effects of
the Offer" is incorporated herein by reference.
(c) Plans. The information set forth in the Offer to Purchase under the
titles "SPECIAL FACTORS - 1. Background of the Offer, 5. Plans for
Allcity After the Offer; Certain Effects of the Offer, and 7. The
Plan of Acquisition and the Merger" is incorporated herein by
reference.
ITEM 7. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
(a) Source of Funds. The information set forth in the Offer to Purchase
under the title "THE TENDER OFFER - 10. Source and Amount of Funds"
is incorporated herein by reference.
(b) Conditions. None.
(d) Borrowed Funds. None.
ITEM 8. INTEREST IN SECURITIES OF THE SUBJECT COMPANY.
(a) Securities Ownership. The information set forth in the Offer to
Purchase under the titles "SPECIAL FACTORS - 9. Beneficial Ownership
of Common Stock, 10. Transactions and Arrangements Concerning the
Shares" and "THE TENDER OFFER - 9. Certain Information Concerning
Leucadia and Empire" is incorporated herein by reference.
(b) Securities Transactions. The information set forth in the Offer to
Purchase under the titles "SPECIAL FACTORS - 10. Transactions and
Arrangements Concerning the Shares" and "THE TENDER OFFER - 9.
Certain Information Concerning Leucadia and Empire" is incorporated
herein by reference.
ITEM 9. PERSONS/ASSETS, RETAINED, EMPLOYED, COMPENSATED OR USED.
(a) Solicitations or Recommendations. The information set forth in the
Offer to Purchase under the titles "SUMMARY TERM SHEET," "SPECIAL
FACTORS - 2. Recommendations of the Special Committee of the Board;
Fairness of the Offer," and "THE TENDER OFFER - 13. Certain Fees and
Expenses" is incorporated herein by reference.
ITEM 10. FINANCIAL STATEMENTS.
Financial Information. Because the consideration offered consists
solely of cash, the financial statements of Leucadia are not material
pursuant to Instruction 2 to Item 10 of Schedule TO.
11
ITEM 11. ADDITIONAL INFORMATION.
(a) Agreement, Regulatory Requirements and Legal Proceedings. The
information set forth in Offer to Purchase under the titles "SPECIAL
FACTORS - 6. Interests of Certain Persons in the Offer, 9. Beneficial
Ownership of the Common Stock, and 10. Transactions and Arrangements
Concerning the Shares," and "THE TENDER OFFER - 8. Certain
Information Concerning Allcity, 9. Certain Information Concerning
Leucadia and Empire, and 12. Certain Legal Matters; Required
Regulatory Approvals" is incorporated herein by reference.
(b) Other Material Information. The information set forth in the Offer to
Purchase and the related Letter of Transmittal is incorporated herein
by reference.
ITEM 12. EXHIBITS.
(a)(1) Offer to Purchase, dated April 29, 2003.
(a)(2) Letter of Transmittal.
(a)(3) Notice of Guaranteed Delivery.
(a)(4) Letter to Brokers, Dealers, Commercial Banks, Trust Companies and
other Nominees.
(a)(5) Letter to clients for use by Brokers, Dealers, Commercial Banks,
Trust Companies and other Nominees.
(a)(6) Text of joint press release issued by Leucadia and Allcity, dated
April 29, 2003, announcing the commencement of the Offer.
(a)(7) Letter to stockholders from Rocco J. Nittoli of Allcity Insurance
Company, dated April 29, 2003.
(b) None.
(c)(1) Opinion of Sanders, Morris, Harris, Inc. to the Special Committee of
the Board of Directors of Allcity Insurance Company, dated March 31,
2003.
(c)(2) Report presented by Sanders, Morris, Harris, Inc. to the Special
Committee of the Board of Directors of Allcity Insurance Company on
March 31, 2003.
(d) None.
(e) Not applicable.
(f)(1) Section 623 of the Business Corporation Law of the State of New York
(included as Annex B of the Offer to Purchase filed herewith as
Exhibit (a)(1)).
(f)(2) Section 7119 of the Insurance Regulations Law of the State of New
York (included as Annex C of the Offer to Purchase filed herewith as
Exhibit (a)(1)).
(g) None.
(h) None.
12
ITEM 13. INFORMATION REQUIRED BY SCHEDULE 13E-3
SCHEDULE 13E-3, ITEM 2. SUBJECT COMPANY INFORMATION.
(d) Dividends. The information set forth in the Offer to Purchase under
the title "THE TENDER OFFER - 6. Price Range of the Shares;
Dividends" is incorporated herein by reference.
(e) Prior Public Offerings. Not applicable.
(f) Prior Stock Purchases. Not applicable.
SCHEDULE 13E-3, ITEM 3. IDENTITY AND BACKGROUND OF FILING PERSON.
(b) Business and Background of Entities. The information set forth in the
Offer to Purchase under the title "THE TENDER OFFER - 9. Certain
Information Concerning Leucadia and Empire" is incorporated herein by
reference. During the last five years, Leucadia (i) has not been
convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors) or (ii) was not a party to any judicial or
administrative proceeding (except for matters that were dismissed
without sanction or settlement) that resulted in a judgment, decree
or final order enjoining the person from future violations of, or
prohibiting activities subject to, federal or state securities laws,
or a finding of any violation of such laws.
(c) Business and Background of Natural Persons. The information set forth
in Schedule I to the Offer to Purchase is incorporated herein by
reference. During the last five years, to the best knowledge of
Leucadia, none of the persons listed on Schedule I to the Offer to
Purchase (i) has been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors) or (ii) was a party to
any judicial or administrative proceeding (except for matters that
were dismissed without sanction or settlement) that resulted in a
judgment, decree or final order enjoining the person from future
violations of, or prohibiting activities subject to, federal or state
securities laws, or a finding of any violation of such laws. Unless
otherwise noted, the persons listed on Schedule I to the Offer to
Purchase are citizens of United States of America.
SCHEDULE 13E-3, ITEM 4. TERMS OF THE TRANSACTION.
(c) Different Terms. Not applicable.
(d) Appraisal Rights. The information set forth in the Offer to Purchase
under the title "SPECIAL FACTORS - 8. Dissenters' Rights" is
incorporated herein by reference.
(e) Provisions for Unaffiliated Security Holders. None.
(f) Eligibility for Listing or Trading. Not applicable.
SCHEDULE 13E-3, ITEM 5. PAST CONTRACTS, TRANSACTIONS, NEGOTIATIONS AND
AGREEMENTS.
(a) Transactions. The information set forth in the Offer to Purchase
under the titles "SPECIAL FACTORS - 6. Interest of Certain Persons in
the Offer, 10. Transactions and Arrangements Concerning the Shares,
11. Related Party Transactions," and "THE TENDER OFFER - 9. Certain
Information Concerning Leucadia and Empire" is incorporated herein by
reference.
(b) Significant Corporate Events. The information set forth in the Offer
to Purchase under the titles "SPECIAL FACTORS - 1. Background of the
Offer, 2. Recommendation of the Special Committee of the Board;
Fairness of the Offer, and 10. Transactions and Arrangements
Concerning the Shares" is incorporated herein by reference.
13
(c) Negotiations or Contracts. The information set forth in the Offer to
Purchase under the titles "SPECIAL FACTORS - 1. Background of the
Offer, 2. Recommendation of the Special Committee of the Board;
Fairness of the Offer, and 10. Transactions and Arrangements
Concerning the Shares" is incorporated herein by reference.
SCHEDULE 13E-3, ITEM 7. PURPOSES, ALTERNATIVES, REASONS AND EFFECTS IN
A GOING-PRIVATE TRANSACTION.
(a) Purposes. The information set forth in the Offer to Purchase under
the titles "SPECIAL FACTORS - 1. Background of the Offer, 4. Purpose
and Structure of the Offer; Reasons of Leucadia for the Offer, and 5.
Plans for Allcity After the Offer; Certain Effects of the Offer" is
incorporated herein by reference.
(b) Alternatives. The information set forth in the Offer to Purchase
under the title "SPECIAL FACTORS - 1. Background of the Offer" is
incorporated herein by reference.
(c) Reasons. The information set forth in the Offer to Purchase under the
titles "SPECIAL FACTORS - 1. Background of the Offer, 4. Purpose and
Structure of the Offer; Reasons of Leucadia for the Offer, and 5.
Plans for Allcity After the Offer; Certain Effects of the Offer" is
incorporated herein by reference.
(d) Effects. The information set forth in the Offer to Purchase under the
titles "SPECIAL FACTORS - 1. Background of the Offer, 5. Plans for
Allcity After the Offer; Certain Effects of the Offer, 6. Interests
of Certain Persons in the Offer," and "THE TENDER OFFER - 6. Certain
Tax Consequences" is incorporated herein by reference.
SCHEDULE 13E-3, ITEM 8. FAIRNESS OF THE GOING-PRIVATE TRANSACTION.
(a) Fairness. The information set forth in the Offer to Purchase under
the titles "SPECIAL FACTORS - 2. Recommendation of the Special
Committee of the Board; Fairness of the Offer, and 3. Position of
Leucadia Regarding Fairness of the Offer" is incorporated herein by
reference.
(b) Factors Considered in Determining Fairness. The information set forth
in the Offer to Purchase under the titles "SPECIAL FACTORS - 2.
Recommendation of the Special Committee of the Board; Fairness of the
Offer, 3. Position of Leucadia Regarding Fairness of the Offer, and
4. Purpose and Structure of the Offer; Reasons of Leucadia for the
Offer" is incorporated herein by reference.
(c) Approval of Security Holders. The information set forth in the Offer
to Purchase under the titles "SPECIAL FACTORS - 2. Recommendation of
the Special Committee of the Board; Fairness of the Offer, and 3.
Position of Leucadia Regarding Fairness of the Offer" is incorporated
herein by reference.
(d) Unaffiliated Representative. The information set forth in the Offer
to Purchase under the titles "SPECIAL FACTORS - 1. Background of the
Offer, and 2. Recommendation of the Special Committee of the Board;
Fairness of the Offer" is incorporated herein by reference.
(e) Approval of Directors. The information set forth in the Offer to
Purchase under the titles "Summary Term Sheet," "SPECIAL FACTORS - 1.
Background of the Offer, and 2. Recommendation of the Special
Committee of the Board; Fairness of the Offer" is incorporated herein
by reference.
(f) Other Offers. None.
14
SCHEDULE 13E-3, ITEM 9. REPORTS, OPINIONS, APPRAISALS AND NEGOTIATIONS.
(a) Report, Opinion or Appraisal. The information set forth in the Offer
to Purchase under the title "SPECIAL FACTORS - 2. Recommendation of
the Special Committee of the Board; Fairness of the Offer" and Annex
A of the Offer to Purchase is incorporated herein by reference.
(b) Preparer and Summary of the Report, Opinion or Appraisal. The
information set forth in the Offer to Purchase under the titles
"SPECIAL FACTORS - 2. Recommendation of the Special Committee of the
Board; Fairness of the Offer" and Annex A of the Offer to Purchase is
incorporated herein by reference.
(c) Availability of Documents. The information set forth in the Offer to
Purchase under the titles "SPECIAL FACTORS - 2. Recommendation of the
Special Committee of the Board; Fairness of the Offer" and Annex A of
the Offer to Purchase is incorporated herein by reference.
SCHEDULE 13E-3, ITEM 10. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
(c) Expenses. The information set forth in the Offer to Purchase under
the title "THE TENDER OFFER - 13. Certain Fees and Expenses" is
incorporated herein by reference.
SCHEDULE 13E-3, ITEM 12. THE SOLICITATION OR RECOMMENDATION
(d) Intent to Tender or Vote in a Going-Private Transaction. Not
Applicable.
(e) Recommendations of Others. The information set forth in the Offer to
Purchase under the titles "SPECIAL FACTORS - 2. Recommendation of the
Special Committee of the Board; Fairness of the Offer" is
incorporated herein by reference.
SCHEDULE 13E-3, ITEM 13. FINANCIAL STATEMENTS.
(a) Financial Information. The information set forth in the Offer to
Purchase under the title "THE TENDER OFFER - 8. Certain Information
Concerning Allcity" is incorporated herein by reference. The
information set forth in Allcity's Annual Report of Form 10-K for the
year ended December 31, 2002 under the title "Item 8 - Financial
Statements and Supplementary Data" is incorporated herein by
reference.
(b) Pro Forma Information. Not Applicable.
SCHEDULE 13E-3, ITEM 14. PERSONS/ASSETS, RETAINED, EMPLOYED, COMPENSATED
OR USED.
(b) Employees and Corporate Assets. None.
SCHEDULE 13E-3, ITEM 15. ADDITIONAL INFORMATION.
(b) Other Material Information. The information set forth in the Offer to
Purchase and the related Letter of Transmittal is incorporated herein
by reference.
15
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 April 29, 2003
LEUCADIA NATIONAL CORPORATION
By: /s/ Joseph A. Orlando
------------------------------------------
Name: Joseph A. Orlando
Title: Vice President and Chief Financial Officer
16
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 April 29, 2003
WMAC INVESTMENT CORPORATION
By: /s/ Joseph A. Orlando
-----------------------------------
Name: Joseph A. Orlando
Title: Vice President
* This signature is solely for the purpose of amending Schedule 13D.
17
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 April 29, 2003
PHLCORP, INC.
By: /s/ Joseph A. Orlando
-------------------------------------
Name: Joseph A. Orlando
Title: Vice President
* This signature is solely for the purpose of amending Schedule 13D.
18
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 April 29, 2003
330 MAD. PARENT CORP.
By: /s/ Corinne Maki
------------------------------------------
Name: Corinne Maki
Title: Vice President, Secretary and Controller
* This signature is solely for the purpose of amending Schedule 13D.
19
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 April 29, 2003
BALDWIN ENTERPRISES, INC.
By: /s/ Joseph A. Orlando
--------------------------------
Name: Joseph A. Orlando
Title: Vice President
* This signature is solely for the purpose of amending Schedule 13D.
20
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 April 29, 2003
BELLPET, INC.
By: /s/ Corinne Maki
------------------------------------------
Name: Corinne Maki
Title: Vice President, Secretary and Controller
* This signature is solely for the purpose of amending Schedule 13D.
21
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 April 29, 2003
EMPIRE INSURANCE COMPANY
By: /s/ Rocco J. Nittoli
-----------------------------------
Name: Rocco J. Nittoli
Title: Chief Operating Officer
* This signature is solely for the purpose of amending Schedule 13D.
22
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
----------- -----------
(a)(1) Offer to Purchase, dated April 29, 2003.
(a)(2) Letter of Transmittal.
(a)(3) Notice of Guaranteed Delivery.
(a)(4) Letter to Brokers, Dealers, Commercial Banks, Trust
Companies and other Nominees.
(a)(5) Letter to clients for use by Brokers, Dealers, Commercial
Banks, Trust Companies and Nominees.
(a)(6) Text of joint press release issued by Purchaser and the
Company, dated April 29, 2003, announcing the commencement
of the Offer.
(a)(7) Letter to stockholders from Rocco J. Nittoli of Allcity
Insurance Company, dated April 29, 2003.
(b) None.
(c)(1) Opinion of Sanders, Morris, Harris, Inc. to the Special
Committee of the Board of Directors of Allcity Insurance
Company, dated March 31, 2003.
(c)(2) Report presented by Sanders, Morris, Harris, Inc. to the
Special Committee of the Board of Directors of Allcity
Insurance Company on March 31, 2003.
(d) None.
(e) Not applicable.
(f)(1) Section 623 of the Business Corporation Law of the State of
New York (included as Annex B of the Offer to Purchase filed
herewith as Exhibit (a)(1)).
(f)(2) Section 7119 of the Insurance Regulations Law of the State
of New York (included as Annex C of the Offer to Purchase
filed herewith as Exhibit (a)(1)).
(g) None.
(h) None.
23