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Springs Industries Inc, et al. – ‘SC 13E3/A’ on 9/6/01 re: Springs Industries Inc

On:  Thursday, 9/6/01   ·   Accession #:  898822-1-500594   ·   File #:  5-13672

Previous ‘SC 13E3’:  ‘SC 13E3/A’ on 8/7/01   ·   Latest ‘SC 13E3’:  This Filing

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 9/06/01  Springs Industries Inc            SC 13E3/A              2:18K  Springs Industries Inc            Wachtell Lipton… Katz/FA
          Anne S. Close
          Crandall C. Bowles
          Derick S. Close
          Elliott S. Close
          Frances A. Close
          Heartland Industrial Partners
          Heartland Springs Investment
          Hugh W. Close, Jr.
          Kanawha Insurance Company
          Katherine A. Close
          Leroy S. Close
          Patricia Close
          The Springs Company
          Trust No. 10-A
          Trust No. 10-D
          Trust No. 10-E
          Trust No. 10-M
          Trust No. 11-A-10
          Trust No. 11-A-3
          Trust No. 11-A-4
          Trust No. 11-A-5
          Trust No. 11-A-6
          Trust No. 11-A-7
          Trust No. 11-A-8
          Trust No. 11-A-9
          Trust No. 11-B-10
          Trust No. 11-B-3
          Trust No. 11-B-4
          Trust No. 11-B-5
          Trust No. 11-B-6
          Trust No. 11-B-7
          Trust No. 11-B-8
          Trust No. 11-B-9
          Trust No. 11-C-10
          Trust No. 11-C-3
          Trust No. 11-C-4
          Trust No. 11-C-5
          Trust No. 11-C-6
          Trust No. 11-C-7
          Trust No. 11-C-8
          Trust No. 11-C-9
          Trust No. 12-10
          Trust No. 12-3
          Trust No. 12-4
          Trust No. 12-5
          Trust No. 12-6
          Trust No. 12-7
          Trust No. 12-8
          Trust No. 12-9
          Trust No. 3-3
          Trust No. 3-4
          Trust No. 3-5
          Trust No. 3-6
          Trust No. 3-7
          Trust No. 3-8
          Trust No. 3-9
          Trust No. 3-M
          Trust No. 4-M
          Trust No. 5-M
          Trust No. 6-M
          Trust No. 8-M
          Trust No. 9-M
          Trust No. T-3
          Trust No. T-4
          Trust No. T-5
          Trust No. T-6
          Trust No. T-7
          Trust No. T-8
          Trust No. T-9

Amendment to Tender-Offer Statement — Going-Private Transaction   —   Schedule 13E-3
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13E3/A   Amendment No.3 to Schedule 13E-3                      10     34K 
 2: EX-99       Press Release                                          2     16K

SC 13E3/A   —   Amendment No.3 to Schedule 13E-3
Document Table of Contents

Page (sequential) | (alphabetic) Top
 
11st Page   -   Filing Submission
5Item 5. Past Contracts, Transactions, Negotiations and Agreements
"Item 5. Is Hereby Amended and Supplemented as Follows:
"Item 6. Purposes of the Transaction and Plans or Proposals
"Item 11. Interest in Securities of the Subject Company
6Item 16. Exhibits 
SC 13E3/A1st Page of 10TOC↑TopPreviousNext↓BottomJust 1st
 

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

------------

SCHEDULE 13E-3

(RULE 13e-100)

 TRANSACTION STATEMENT UNDER SECTION 13(e) OF THE SECURITIES
EXCHANGE ACT OF 1934 AND RULE 13e-3 THEREUNDER

 RULE 13e-3 TRANSACTION STATEMENT UNDER SECTION 13(e) OF THE
 SECURITIES EXCHANGE ACT OF 1934

 (AMENDMENT NO. 3)
 (FINAL AMENDMENT)

Springs Industries, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)

Springs Industries, Inc.
 Heartland Industrial Partners, L.P.
Heartland Springs Investment Company
Crandall C. Bowles
Frances A. Close
Leroy S. Close
Patricia Close
Elliott S. Close
Hugh W. Close, Jr.
 Derick S. Close
Katherine A. Close
 Anne S. Close
 The Springs Company
 Kanawha Insurance Company
 Trust No. 3-M
 Trust No. T-3
 Trust No. 3-3
Trust No. 11-A-3
Trust No. 11-B-3
Trust No. 11-C-3
Trust No. 12-3
 Trust No. 4-M
 Trust No. T-4
 Trust No. 3-4
Trust No. 11-A-4
Trust No. 11-B-4


SC 13E3/A2nd Page of 10TOC1stPreviousNext↓BottomJust 2nd

Trust No. 11-C-4
Trust No. 12-4
 Trust No. 5-M
 Trust No. T-5
 Trust No. 3-5
Trust No. 11-A-5
Trust No. 11-B-5
Trust No. 11-C-5
Trust No. 12-5
 Trust No. 6-M
 Trust No. T-6
 Trust No. 3-6
Trust No. 11-A-6
Trust No. 11-B-6
Trust No. 11-C-6
Trust No. 12-6
 Trust No. T-7
 Trust No. 3-7
Trust No. 11-A-7
Trust No. 11-B-7
Trust No. 11-C-7
Trust No. 12-7
 Trust No. 8-M
 Trust No. T-8
 Trust No. 3-8
Trust No. 11-A-8
Trust No. 11-B-8
Trust No. 11-C-8
Trust No. 12-8
 Trust No. 9-M
 Trust No. T-9
 Trust No. 3-9
Trust No. 11-A-9
Trust No. 11-B-9
Trust No. 11-C-9
Trust No. 12-9
Trust No. 10-M
Trust No. 10-A
Trust No. 10-D
Trust No. 10-E
 Trust No. 11-A-10
 Trust No. 11-B-10
 Trust No. 11-C-10
 Trust No. 12-10
--------------------------------------------------------------------------------
(Name of Person(s) Filing Statement)

-2- 


SC 13E3/A3rd Page of 10TOC1stPreviousNext↓BottomJust 3rd

 Class A Common Stock, par value $.25 per share, of Springs Industries, Inc.
 Class B Common Stock, par value $.25 per share, of Springs Industries, Inc.
--------------------------------------------------------------------------------
(Title of Class of Securities)

851783 10 0 (Class A Common Stock)
851783 20 9 (Class B Common Stock)
--------------------------------------------------------------------------------
 (CUSIP Number of Class of Securities)

Crandall C. Bowles                             David A. Stockman    
    Springs Industries, Inc.                 Heartland Industrial Partners, L.P.
 205 North White Street                    55 Railroad Avenue, 1st Floor
Fort Mill, South Carolina 29715              Greenwich, Connecticut 06830   
(803) 547-1500                                (203) 861-2622  

--------------------------------------------------------------------------------
 (Name, Address and Telephone Number of Person Authorized to Receive Notices
 and Communications on Behalf of Person(s) Filing Statement)

                                                        [Enlarge/Download Table]
                                    With copies to:                                  


                                                                                      

   Elliott V. Stein, Esq.         W. Leslie Duffy, Esq.   Benjamin F. Stapleton, Esq.
Wachtell, Lipton, Rosen & Katz   Cahill Gordon & Reindel     Sullivan & Cromwell     
    51 West 52nd Street              80 Pine Street           125 Broad Street       
  New York, New York 10019      New York, New York 10005   New York, New York 10004  
       (212) 403-1000                 (212) 701-3000           (212) 558-4000        


This statement is filed in connection with (check the appropriate box):   

         a. |X| 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. |_|  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|                                             

-3- 


SC 13E3/A4th Page of 10TOC1stPreviousNext↓BottomJust 4th

 CALCULATION OF FILING FEE
---------------------------------------- ---------------------------------------
    Transaction                             Amount of Filing Fee
Valuation*                                            
---------------------------------------- ---------------------------------------

$505,450,630.56                               $101,090.13 
---------------------------------------- ---------------------------------------

* For purposes of calculating the fee only. Calculated in accordance with       
Exchange Act Rule 0-11. Assumes (1) the purchase of 10,645,300 shares of Class A
Common Stock, par value $.25 per share, and Class B Common Stock, par value $.25
per share, of Springs Industries, Inc. at a price of $46.00 per share in cash   
and (2) a cash-out of 1,944,493 options to purchase Class A Common Stock for an 
aggregate of $15,766,830.56.                                                    

|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.           

Amount Previously Paid: $101,578.82       Filing Party: Springs Industries, Inc.
                        ---------------                 ------------------------
Form or Registration No.: Schedule 14A    Date Filed: May 9, 2001               
                          -------------               --------------------------

-4- 


SC 13E3/A5th Page of 10TOC1stPreviousNext↓BottomJust 5th

INTRODUCTION

          This Amendment No. 3 amends and supplements the Rule 13e-3 Transaction
Statement on Schedule 13E-3 (the "Transaction Statement"), as previously        
amended, first filed on May 9, 2001. This Amendment No. 3 to the Transaction    
Statement is being filed with the Securities and Exchange Commission in         
connection with the merger (the "Merger") of Heartland Springs Investment       
Company, a South Carolina corporation ("Heartland Springs"), with and into      
Springs Industries, Inc., a South Carolina corporation ("Springs"), with Springs
continuing as the surviving corporation, pursuant to the Recapitalization       
Agreement, dated as of April 24, 2001, as amended as of July 31, 2001, between  
Springs and Heartland Springs (the "Recapitalization Agreement"). The           
Recapitalization Agreement was formally approved by the shareholders of Springs 
at a special meeting of shareholders held on September 5, 2001 (the "Special    
Meeting"). The purpose of this Amendment No. 3 to the Transaction Statement is  
to report that on September 5, 2001 (the "Closing Date"), the transactions      
contemplated by the Recapitalization Agreement, including the Merger, were      
consummated. Capitalized terms used but not defined herein have the meanings    
given such terms in the Transaction Statement.                                  

ITEM 5.       PAST CONTRACTS, TRANSACTIONS, NEGOTIATIONS AND AGREEMENTS.        

 Item 5 is hereby amended and supplemented as follows:

      At the Special Meeting, the Recapitalization Agreement was
          approved by holders of more than two-thirds of the outstanding
         shares of Springs common stock and by more than a majority of
            votes cast by shareholders whose shares are being converted into
           cash in the Merger. On September 5, 2001, Heartland Springs was
          merged with and into Springs. As a result of the Merger, among
            other things, (1) each share of Springs common stock outstanding
          immediately prior to the Merger, other than shares held by the
             Close family, Heartland (and its co-investors) and Key Management
              Employees, was canceled and converted automatically into the right
              to receive $46.00 in cash, without interest, and (2) each share of
           Heartland Springs common stock was converted automatically into
one share of Class A Common Stock.                  

ITEM 6.       PURPOSES OF THE TRANSACTION AND PLANS OR PROPOSALS.               

 Item 6 is hereby amended and supplemented as follows:

The Merger was consummated on September 5, 2001.    

ITEM 11.      INTEREST IN SECURITIES OF THE SUBJECT COMPANY.                    

  ITEM 11 IS HEREBY AMENDED AND SUPPLEMENTED AS FOLLOWS:

             Immediately after the closing of the Merger, approximately 44% of
       the outstanding shares of Springs common stock was owned by
         Heartland (and its co-investors) and approximately 56% of the
        outstanding common stock was owned by the Close family. As a
             result of the Merger, Class A Common Stock ceased to trade on the
              New York Stock Exchange and became eligible for delisting from the
       New York Stock Exchange and for termination of registration
pursuant to Section 12(g)(4) and                    

-5- 


SC 13E3/A6th Page of 10TOC1stPreviousNext↓BottomJust 6th

            12(h)(3) of the Exchange Act. Accordingly, on September 6, 2001,
      Springs filed a Certification and Notice of Termination of
    Registration on Form 15 with the Securities and Exchange
Commission.                                         

ITEM 16.      EXHIBITS.                                                         

  Item 16 is hereby amended and supplemented as follows:

           (a)(4)  Press release issued by Springs Industries, Inc., dated
                 September 5, 2001, announcing the consummation of the
Merger.                             

-6- 


SC 13E3/A7th Page of 10TOC1stPreviousNext↓BottomJust 7th

 SIGNATURE

   After due inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this Transaction Statement is true,   
complete and correct.                                                           

Date: September 6, 2001                       SPRINGS INDUSTRIES, INC.          

                                      By: /s/ Crandall C. Bowles
                                             ---------------------------
                                    Crandall C. Bowles
                                                 Chairman of the Board and Chief
                                   Executive Officer

Date: September 6, 2001                          /s/ Crandall C. Bowles         
                                                ------------------------------
                                    Crandall C. Bowles

Date: September 6, 2001                          Frances A. Close*              
                                 Leroy S. Close*
                                 Patricia Close*
                                   Elliott S. Close*
                                     Hugh W. Close, Jr.*
                                  Derick S. Close*
                                     Katherine A. Close*
                                Anne S. Close*
                                      The Springs Company*
                                            Kanawha Insurance Company*
                                Trust No. 3-M*
                                Trust No. T-3*
                                Trust No. 3-3*
                                   Trust No. 11-A-3*
                                   Trust No. 11-B-3*
                                   Trust No. 11-C-3*
                                 Trust No. 12-3*
                                Trust No. 4-M*
                                Trust No. T-4*
                                Trust No. 3-4*
                                   Trust No. 11-A-4*
                                   Trust No. 11-B-4*
                                   Trust No. 11-C-4*
                                 Trust No. 12-4*
                                Trust No. 5-M*
                                Trust No. T-5*
                                Trust No. 3-5*
                                   Trust No. 11-A-5*
                                   Trust No. 11-B-5*


SC 13E3/A8th Page of 10TOC1stPreviousNext↓BottomJust 8th

                                   Trust No. 11-C-5*
                                 Trust No. 12-5*
                                Trust No. 6-M*
                                Trust No. T-6*
                                Trust No. 3-6*
                                   Trust No. 11-A-6*
                                   Trust No. 11-B-6*
                                   Trust No. 11-C-6*
                                 Trust No. 12-6*
                                Trust No. T-7*
                                Trust No. 3-7*
                                   Trust No. 11-A-7*
                                   Trust No. 11-B-7*
                                   Trust No. 11-C-7*
                                 Trust No. 12-7*
                                Trust No. 8-M*
                                Trust No. T-8*
                                Trust No. 3-8*
                                   Trust No. 11-A-8*
                                   Trust No. 11-B-8*
                                   Trust No. 11-C-8*
                                 Trust No. 12-8*
                                Trust No. 9-M*
                                Trust No. T-9*
                                Trust No. 3-9*
                                   Trust No. 11-A-9*
                                   Trust No. 11-B-9*
                                   Trust No. 11-C-9*
                                 Trust No. 12-9*
                                 Trust No. 10-M*
                                 Trust No. 10-A*
                                 Trust No. 10-D*
                                 Trust No. 10-E*
                                    Trust No. 11-A-10*
                                    Trust No. 11-B-10*
                                    Trust No. 11-C-10*
                                  Trust No. 12-10*

                                          *By:/s/ Harry B. Emerson
                                                    --------------------------
                                          Harry B. Emerson
                                          Attorney-in-Fact


SC 13E3/A9th Page of 10TOC1stPreviousNext↓BottomJust 9th

Date: September 6, 2001               HEARTLAND INDUSTRIAL PARTNERS, L.P.       

                                     By: Heartland Industrial Associates, LLC,
                           Its general partner By:

                     By: /s/ David A. Stockman
                                         -------------------------------------
                           Name: David A. Stockman
                                   Title: Senior Managing Director

Date: September 6, 2001               HEARTLAND SPRINGS INVESTMENT COMPANY      

                     By: /s/ David A. Stockman
                                         -------------------------------------
                           Name: David A. Stockman
                    Title: President


SC 13E3/ALast Page of 10TOC1stPreviousNext↓BottomJust 10th

 EXHIBIT INDEX

Exhibit No.        Description                                                  
-----------        -----------                                                  

(a)(4)             Press release issued by Springs Industries, Inc., dated      
                   September 5, 2001, announcing the consummation of the Merger.

Dates Referenced Herein   and   Documents Incorporated by Reference

Referenced-On Page
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Filed on:9/6/016915-12B
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