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
(AMENDMENT NO. 5)
WILTEL COMMUNICATIONS GROUP, INC.
(Name of Subject Company (Issuer))
LEUCADIA NATIONAL CORPORATION
and
WRANGLER ACQUISITION CORP.,
a subsidiary of Leucadia National Corporation
(Name of Filing Persons - (Offerors))
COMMON STOCK, PAR VALUE $0.01 PER SHARE
(Title of Class of Securities)
972487102
(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.
MALCOLM E. LANDAU, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, NEW YORK 10153-0119
TELEPHONE: (212) 310-8000
--------------------
Check the appropriate boxes below to designate any transactions to
which the statement relates:
[X] third-party tender offer subject to Rule 14d-1.
[ ] issuer tender offer subject to Rule 13e-4.
[ ] 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: [ ]
-------------------------------------------------------------------------- ---------------------------------------
CUSIP No. 972487102 13D
-------------------------------------------------------------------------- ---------------------------------------
--------------- ---------------------------------------------------------- -------------------------------------------------------
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: 1,700,000
SHARES
-------- ----------------------------------------------------- ---------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 22,000,000
OWNED BY
-------- ----------------------------------------------------- ---------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 1,700,000
REPORTING
-------- ----------------------------------------------------- ---------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 22,000,000
--------------- -------------------------------------------------------------------------- ---------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 23,700,000
--------------- ------------------------------------------------------------------------------------------------------------------
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%
--------------- ---------------------------------------------------------- -------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
--------------- ---------------------------------------------------------- -------------------------------------------------------
2
-------------------------------------------------------------------------- ---------------------------------------
CUSIP No. 972487102 13D
-------------------------------------------------------------------------- ---------------------------------------
--------------- ---------------------------------------------------------- -------------------------------------------------------
1 NAME OF REPORTING PERSON: LUK ACQUISITION I, 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: 11,775,000
OWNED BY
-------- ----------------------------------------------------- ---------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: -0-
REPORTING
-------- ----------------------------------------------------- ---------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 11,775,000
--------------- -------------------------------------------------------------------------- ---------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 11,775,000
--------------- ------------------------------------------------------------------------------------------------------------------
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: 00 (LIMITED LIABILITY COMPANY)
--------------- ---------------------------------------------------------- -------------------------------------------------------
3
------------------------------------------------------------------------------- -----------------------------------
CUSIP No. 972487102 13D
------------------------------------------------------------------------------- -----------------------------------
------------------- ----------------------------------------------------------- --------------------------------------------------
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
OWNED BY
-------------------------------- -------- ---------------------------------------------------- -----------------------------------
EACH 9 SOLE DISPOSITIVE POWER: -0-
REPORTING
-------------------------------- -------- ---------------------------------------------------- -----------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 10,225,000
------------------- -------------------------------------------------------------------------- -----------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 10,225,000
------------------- --------------------------------------------------------------------------------------------------------------
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: 00 (LIMITED LIABILITY COMPANY)
------------------- ----------------------------------------------------------- --------------------------------------------------
4
SCHEDULE TO
This Amendment No. 5 (this "Amendment") amends and/or supplements the
Tender Offer Statement on Schedule TO filed with the Securities and Exchange
Commission (the "SEC") on September 4, 2003, as heretofore amended and/or
supplemented (as so amended and supplemented, the "Schedule TO"), by Leucadia
National Corporation ("Leucadia") and its subsidiary, Wrangler Acquisition Corp.
("Merger Sub"), relating to the offer (the "Offer") by Leucadia to exchange (i)
0.4242 of a common share of Leucadia (the "Leucadia Shares") and (ii) one
Contingent Sale Right for each outstanding share of common stock of WilTel
Communications Group, Inc. ("WilTel") not already beneficially owned by
Leucadia, upon the terms and subject to the conditions set forth in the
Prospectus (as defined below) and the related Letter of Transmittal.
The Offer is made pursuant to an Agreement and Plan of Merger, dated
as of August 21, 2003, by and among Leucadia, Merger Sub and WilTel, which
contemplates the merger of Merger Sub with and into WilTel (the "Merger").
Leucadia has filed with the SEC a registration statement on Form S-4 (as amended
from time to time, the "Registration Statement") relating to the Leucadia Shares
to be issued to stockholders of WilTel in the Offer and the Merger. The terms
and conditions of the Offer and the Merger are set forth in the offer to
exchange/prospectus which is part of the Registration Statement (as amended
and/or supplemented from time to time, the "Prospectus") and the related Letter
of Transmittal.
All of the information set forth (or incorporated by reference) in
the Registration Statement, the Prospectus and the related Letter of Transmittal
is hereby incorporated by reference in response to all the items of the Schedule
TO.
ITEM 11. ADDITIONAL INFORMATION.
The Schedule TO is hereby amended and supplemented by adding the
following thereto:
On November 5, 2003, Leucadia accepted for exchange all shares of
WilTel common stock tendered into the Offer and not withdrawn as of the 5:00
p.m., New York City time, November 5, 2003 expiration of the Offer. Based on
preliminary information from the exchange agent for the Offer, as of the
expiration of the Offer 23,547,423 shares of WilTel common stock had been
tendered, which, together with the 23,700,000 WilTel shares already owned by
Leucadia, represents approximately 94.5% of the outstanding shares of WilTel
common stock. The shares tendered also represent approximately 89.5% of the
WilTel common stock not already beneficially owned by Leucadia, thereby
satisfying the condition of the Offer that more than 50% of the WilTel common
stock not already beneficially owned by Leucadia be tendered.
In order to complete the acquisition, Leucadia expects to consummate
the Merger within the next few days, whereupon WilTel will become a wholly-owned
subsidiary of Leucadia. As a result of the Merger (and subject to appraisal
rights to the extent available under applicable law), each outstanding share of
WilTel not tendered in the Offer will be converted into the right to receive the
same consideration per share as is paid in the Offer. Based upon the preliminary
results of the Offer, Leucadia expects to issue approximately 9,988,817 Leucadia
Shares in exchange for the 23,547,423 shares of WilTel common stock tendered
and, assuming no appraisal rights are exercised, Leucadia expects to issue an
additional approximately 1,167,643 Leucadia Shares in connection with the
Merger.
The full text of the press release relating to the expiration and
preliminary results of the Offer is set forth as an Exhibit hereto and is
incorporated herein by reference.
5
ITEM 12. EXHIBITS.
(a)(1) Prospectus*
(a)(2) Letter of Transmittal*
(a)(3) Letter to Brokers, Dealers, Commercial Banks, Trust Companies and other
Nominees*
(a)(4) Letter to Clients for use by Brokers, Dealers, Commercial Banks, Trust
Companies and other Nominees*
(a)(5) Guidelines for Certification of Taxpayer Identification Number on
Substitute Form W-9*
(a)(6) Text of press release issued by Leucadia and WilTel announcing the
commencement of the Offer*
(a)(7) Text of press release issued by Leucadia on October 2, 2003, announcing
extension of the Offer and notification of early termination of the waiting
period under the Hart-Scott-Rodino Antitrust Improvement Act**
(a)(8) Text of press release issued by Leucadia on October 16, 2003, announcing
extension of the Offer**
(a)(9) Text of press release issued by Leucadia on October 30, 2003, announcing
extension of the Offer**
(a)(10) Text of press release issued by Leucadia on November 6, 2003, announcing
the expiration and results of the Offer
(b) None
(c)(1) Opinion of J.P. Morgan Securities Inc. (filed as an exhibit to WilTel's
Solicitation/Recommendation Statement on Schedule 14D-9 filed with the SEC)
(d)(1) Agreement and Plan of Merger, dated as of August 21, 2003, by and among
Leucadia, Merger Sub and WilTel (filed as Exhibit 2.1 to the Current Report on
Form 8-K filed by Leucadia on August 22, 2003)
(d)(2) Stockholders Agreement, dated as of October 15, 2002, between Leucadia
and WilTel (filed as Exhibit 99.6 to the Current Report on Form 8-K filed by
WilTel on October 24, 2002)
(d)(3) Registration Rights Agreement, dated as of October 15, 2002, between
Leucadia and WilTel (filed as Exhibit 99.10 to the Current Report on Form 8-K
filed by WilTel on October 24, 2002)
(d)(4) Stockholders Rights and Co-Sale Agreement, dated as of October 15, 2002,
between Leucadia and WilTel (filed as Exhibit 99.11 to the Current Report on
Form 8-K filed by WilTel on October 24, 2002)
(d)(5) Restructuring Services Agreement, dated as of October 15, 2002, between
Leucadia and WilTel (filed as Exhibit 10.1 to the Current Report on Form 8-K
filed by WilTel on December 5, 2002)
(d)(6) Amendment, effective as of August 21, 2003, to the Stockholders Agreement
between Leucadia and WilTel**
(g) None
-------------------------------
* Incorporated by reference to the Registration Statement.
** Previously filed.
6
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: November 6, 2003
LEUCADIA NATIONAL CORPORATION
By: /s/ Joseph A. Orlando
----------------------------------
Name: Joseph A. Orlando
Title: Vice President and
Chief Financial Officer
WRANGLER ACQUISITION CORP.
By: /s/ Joseph A. Orlando
----------------------------------
Name: Joseph A. Orlando
Title: Vice President and
Chief Financial Officer
7
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: November 6, 2003
LUK Acquisition I, LLC
By: /s/ Joseph A. Orlando
----------------------------------
Name: Joseph A. Orlando
Title: President
LUK Acquisition II, LLC
By: /s/ Joseph A. Orlando
----------------------------------
Name: Joseph A. Orlando
Title: President
* These signatures are solely for the purpose of amending Schedule 13D.
8