Borden Acquisition Corp, et al. – ‘SC 14D1/A’ on 12/2/94 re: Momentive Specialty Chemicals Inc.

As of:  Friday, 12/2/94   ·   Accession #:  950112-94-3052   ·   File #:  5-33265

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Amendment to Tender-Offer Statement — Third-Party Tender Offer   —   Schedule 14D-1
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 14D1/A   Borden Acquisition Corp.                               4     16K 
 2: EX-11.(G)(23)  Statement re: Computation of Earnings Per Share    51    102K 

SC 14D1/A   —   Borden Acquisition Corp.
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SC 14D1/A
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
------------------- 
SCHEDULE 14D-1
(AMENDMENT NO. 1) 
------------------- 
TENDER OFFER STATEMENT
PURSUANT TO SECTION 14(D)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
------------------- 
BORDEN, INC.  
(Name of Subject Company) 
------------------- 

BORDEN ACQUISITION CORP.
WHITEHALL ASSOCIATES, L.P.
KKR PARTNERS II, L.P. 
(Bidders) 
------------------- 
COMMON STOCK, PAR VALUE $.625 PER SHARE 
(Title of Class of Securities)
------------------- 
099599102 
(CUSIP Number of Class of Securities) 
------------------- 
HENRY R. KRAVIS 
KOHLBERG KRAVIS ROBERTS & CO. 
9 WEST 57TH STREET, SUITE 4200
NEW YORK, NEW YORK 10019
(212) 750-8300
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications on Behalf of Bidders) 
------------------- 
COPY TO:
CHARLES I. COGUT, ESQ.
SIMPSON THACHER & BARTLETT
425 LEXINGTON AVENUE
NEW YORK, NEW YORK 10017
(212) 455-2000

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SC 14D1/A
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 This Amendment No. 1 amends and supplements the Tender Offer Statement on
Schedule 14D-1 filed on November 22, 1994 (as amended from time to time, the    
"Schedule 14D-1") relating to the offer by Borden Acquisition Corp., a New      
Jersey corporation (the "Purchaser"), a subsidiary of Whitehall Associates, L.P.
(the "Partnership"), an affiliate of Kohlberg Kravis Roberts & Co., L.P.        
("KKR"), upon the terms and subject to the conditions set forth in the Offering 
Circular/Prospectus dated November 22, 1994 (the "Offering Circular/Prospectus")
and in the related Letter of Transmittal (collectively, the "Exchange Offer"),  
to exchange shares of common stock, par value $.01 per share (the "Holdings     
Common Stock"), of RJR Nabisco Holdings Corp., a Delaware corporation           
("Holdings"), owned by the Purchaser or its affiliates for all outstanding      
shares (the "Borden Shares") of common stock, par value $.625 per share         
(collectively, the "Borden Common Stock"), and the associated Preferred Stock   
Purchase Rights (the "Rights"), of Borden, Inc., a New Jersey corporation       
("Borden"), not already owned by the Purchaser or its affiliates. Unless        
otherwise indicated, all capitalized terms used but not defined herein shall    
have the meanings assigned to them in the Offering Circular/Prospectus.         

ITEM 10. ADDITIONAL INFORMATION.                                                

Item 10(c) of the Schedule 14D-1 is hereby amended and supplemented as  
follows:                                                                        

 On November 24, 1994, the Commission of the European Communities issued a
Decision Letter, pursuant to Article 6(1)(b) of Council Regulation 4064/89      
declaring the proposed acquisition of Borden by an affiliate of KKR compatible  
with the common market and with the functioning of the EEA Agreement.           

Item 10(e) of the Schedule 14D-1 is hereby amended and supplemented as  
follows:                                                                        

    On November 30, 1994, a putative class action captioned Petersen, et al., v.
Borden, Inc., et al., Case No. 94 CIV 8648, was filed by purported shareholders 
of Borden in the United States District Court for the Southern District of New  
York against Borden, members of Borden's board of directors, Holdings, members  
of Holdings' board of directors, KKR, certain partners and executives of KKR,   
and Borden's financial advisors, Lazard Freres and First Boston. The complaint  
alleges, among other things, (1) violations of Sections 14(e) and 20(a) of the  
Securities Exchange Act of 1934, as amended, by Borden, KKR and Borden's board  
of directors; (2) violations of Section 11 of the Securities Act of 1933, as    
amended, by Lazard Freres, First Boston and certain officers and directors of   
Holdings and partners or executives of KKR; and (3) breach of fiduciary duty by 
Borden and Borden's board of directors, which breach of fiduciary duty allegedly
was aided and abetted by KKR. The complaint seeks equitable relief, including,  
among other things, a preliminary injunction and declaratory relief, as well as 
money damages. A copy of the complaint is attached hereto as Exhibit 11(g)(23)  
and is incorporated herein by reference.                                        

ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.                                      

                                                        [Enlarge/Download Table]
                                                                                            
11(g)(23)  Class Action Complaint, Petersen, et al. v. Borden, Inc., et al., Case No. 94 CIV
           8648, dated November 30, 1994.                                                   

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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.      

                            BORDEN ACQUISITION CORP.

                                   By:         /s/ SCOTT M. STUART
                                              ..................................

                             Name: Scott M. Stuart
                               Title: Vice President

                              WHITEHALL ASSOCIATES, L.P.

                                 By: KKR Associates, a limited
                                            partnership, its General Partner

                                   By:         /s/ HENRY R. KRAVIS
                                              ..................................

                             Name: Henry R. Kravis
                                Title: General Partner

                         KKR PARTNERS II, L.P.

                                 By: KKR Associates, a limited
                                            partnership, its General Partner

                                   By:         /s/ HENRY R. KRAVIS
                                              ..................................

                             Name: Henry R. Kravis
                                Title: General Partner

Date: December 2, 1994                                                          

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EXHIBIT INDEX 

                                                        [Enlarge/Download Table]

EXHIBIT                                                                                  PAGE
  NO.                                      DESCRIPTION                                   NO. 
--------   ----------------------------------------------------------------------------  ----
                                                                                             
11(g)(23)  Class Action Complaint, Petersen, et al. v. Borden, Inc., et al., Case No.        
             94 CIV 8648, dated November 30, 1994......................................      

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘SC 14D1/A’ Filing		Date		First		Last			Other Filings
Filed on:		12/2/94		3					SC 14D9/A
		11/30/94		2		4
		11/24/94		2
		11/22/94		2					SC 14D1,  SC 14D9
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