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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 2
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
WILTEL COMMUNICATIONS GROUP, INC.
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(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
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(Title of class of securities)
972487 10 2
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(CUSIP number)
JOSEPH A. ORLANDO
VICE PRESIDENT AND CHIEF FINANCIAL OFFICER
LEUCADIA NATIONAL CORPORATION
315 PARK AVENUE SOUTH
NEW YORK, NEW YORK 10010
WITH A COPY TO:
ANDREA A. BERNSTEIN, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, NEW YORK 10153
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(Name, address and telephone number of person authorized to
receive notices and communications)
MAY 15, 2003
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(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
[_].
Note: Schedules filed in paper format shall include a signed original and five
copies of the Schedule, including all exhibits.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purposes of Section 18 of the Securities Exchange Act of
1934 (the "Exchange Act") or otherwise subject to the liabilities of that
section of the Exchange Act but shall be subject to all other provisions of the
Exchange Act.
(Continued on following pages)
(Page 1 of 7 pages)
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CUSIP No. 972487 10 2 13D
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---------------------- ----------------------------------------------------------- ------------------------------------------------
1 NAME OF REPORTING PERSON: LUK Acquisition I, LLC
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [_]
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3 SEC USE ONLY
---------------------- ------------------------------------- ----------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
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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: 11,775,000 (see Item 5)
OWNED BY
-------- ---------------------------------------------------- ---------------------------------
EACH 9 SOLE DISPOSITIVE POWER: -0-
REPORTING
-------- ---------------------------------------------------- ---------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 11,775,000 (see Item 5)
---------------------- -------------------------------------------------------------------------- ---------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 11,775,000 (see Item 5)
---------------------- ------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
---------------------- ------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 23.55%
---------------------- ----------------------------------------------------------- ------------------------------------------------
14 TYPE OF REPORTING PERSON: OO (Limited Liability Company)
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2
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CUSIP No. 972487 10 2 13D
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---------------------- ----------------------------------------------------------- ------------------------------------------------
1 NAME OF REPORTING PERSON: LUK Acquisition II, LLC
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: 10,225,000 (see Item 5)
OWNED BY
-------- ---------------------------------------------------- ---------------------------------
EACH 9 SOLE DISPOSITIVE POWER: -0-
REPORTING
-------- ---------------------------------------------------- ---------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 10,225,000 (see Item 5)
---------------------- -------------------------------------------------------------------------- ---------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 10,225,000 (see Item 5)
---------------------- ------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
---------------------- ------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 20.45%
---------------------- ----------------------------------------------------------- ------------------------------------------------
14 TYPE OF REPORTING PERSON: OO (Limited Liability Company)
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3
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CUSIP No. 972487 10 2 13D
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---------------------- ----------------------------------------------------------- ------------------------------------------------
1 NAME OF REPORTING PERSON: Leucadia National Corporation
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
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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: 1,700,000
SHARES
-------- ---------------------------------------------------- ---------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 22,000,000 (see Item 5)
OWNED BY
-------- ---------------------------------------------------- ---------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 1,700,000
REPORTING
-------- ---------------------------------------------------- ---------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 22,000,000 (see Item 5)
---------------------- -------------------------------------------------------------------------- ---------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 23,700,000 (see Item 5)
---------------------- ------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
---------------------- ------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 47.40%
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14 TYPE OF REPORTING PERSON: CO
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4
Item 1. Security and Issuer.
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This Statement constitutes Amendment No. 2 ("Amendment No.
2") to the statement on Schedule 13D (the "Original 13D") filed with the
Securities and Exchange Commission by Leucadia National Corporation
("Leucadia"), and its subsidiaries, LUK Acquisition I, LLC ("LUK I") and LUK
Acquisition II, LLC ("LUK II"), with respect to the common stock, $0.01 par
value per share (the "WilTel Common Stock"), of WilTel Communications Group,
Inc., a Nevada corporation ("WilTel").
Unless otherwise indicated, all capitalized terms used
herein have the meanings ascribed to them in the Original 13D.
Item 4. Purpose of Transaction.
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On May 15, 2003, Leucadia sent a letter (the "Letter") to
the Board of Directors of WilTel relating to a potential registered exchange
offer by Leucadia in which stockholders of WilTel would receive 0.3565 common
shares of Leucadia in exchange for each share of WilTel common stock
(representing a 30% premium to WilTel's stock price based on the closing price
of the common stock of Leucadia ($38.65 per share) and WilTel ($10.60 per share)
on May 14, 2003). A copy of the Letter is attached hereto as Exhibit 2 and
incorporated herein by reference.
This communication shall not constitute an offer to sell or
the solicitation of an offer to buy any securities, nor shall there be any sale
of securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the securities
laws of any such jurisdiction. No offering of securities shall be made except by
means of a prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended.
Any offer will only be made through a prospectus, which is
part of a registration statement to be filed with the Securities and Exchange
Commission (the "SEC"). WilTel shareholders are urged to carefully review the
registration statement and the prospectus included therein, and the Schedule TO
and other documents relating to the offer that will be filed by Leucadia with
the SEC when they become available because these documents will contain
important information relating to the offer. You may obtain a free copy of these
documents after they have been filed with the SEC, and other documents filed by
Leucadia with the SEC, at the SEC's Web site at www.sec.gov. Once the
registration statement, as well as any documents incorporated by reference
therein and the Schedule TO have been filed with the SEC, you will also be able
to inspect and copy these documents at the public reference room maintained by
the SEC at 450 Fifth Street, NW, Washington, D.C. 20549. YOU SHOULD CAREFULLY
READ THE PROSPECTUS AND THE TENDER OFFER STATEMENT ON SCHEDULE TO WHEN THEY
BECOME AVAILABLE BEFORE MAKING A DECISION CONCERNING LEUCADIA'S PROPOSED OFFER.
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Item 7. Material to be Filed as Exhibits.
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1. Agreement among the Beneficial Owners with respect to
the filing of this Amendment No. 2.
2. Letter dated May 15, 2003, from Leucadia National
Corporation to the Board of Directors of WilTel Communications Group, Inc.
3. Press release of Leucadia National Corporation dated May
15, 2003.
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SIGNATURE
After reasonable 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: May 15, 2003
LUK ACQUISITION I, LLC
BY: /s/ Joseph A. Orlando
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Name: Joseph A. Orlando
Title: President
LUK ACQUISITION II, LLC
BY: /s/ Joseph A. Orlando
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Name: Joseph A. Orlando
Title: President
LEUCADIA NATIONAL CORPORATION
BY: /s/ Joseph A. Orlando
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Name: Joseph A. Orlando
Title: Vice President and
Chief Financial Officer
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