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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13E-4/A
(Amendment No. 1)
Issuer Tender Offer Statement
(Pursuant to Section 13(e)(1) of the Securities Exchange Act of 1934)
Coca-Cola Bottling Co. Consolidated
(Name of issuer and person filing statement)
Common Stock, $1.00 Par Value
(Title of class of securities)
191098 10 2
(CUSIP number of class of securities)
J. Frank Harrison, III
Chairman of the Board of Directors and
Chief Executive Officer
Coca-Cola Bottling Co. Consolidated
1900 Rexford Road
Charlotte, North Carolina 28211
(704) 551-4400
(Name, address and telephone number of person authorized
to receive notices and communications on behalf of the
person filing statement)
Copy to:
J. Norfleet Pruden, III
Kennedy Covington Lobdell & Hickman, L.L.P.
NationsBank Corporate Center
100 North Tryon Street, Suite 4200
Charlotte, North Carolina 28202-4006
(704) 331-7400
November 14, 1996
(Date tender offer first published, sent or given to security holders)
Calculation of Filing Fee
Transaction Valuation* Amount of Filing Fee
$23,750,000 $4,750
* Assumes the purchase of 500,000 Shares at the maximum tender offer
price per Share of $47.50.
[X] Check 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: $4,750 Filing party: Coca-Cola Bottling Co.
Consolidated
Form or registration no.: Schedule 13E-4 Date filed: November 14, 1996
This Amendment No. 1 amends and supplements the Issuer Tender Offer
Statement on Schedule 13E-4 (the "Statement") originally filed on November 14,
1996 by Coca-Cola Bottling Co. Consolidated, a Delaware corporation (the
"Company"), relating to the offer by the Company to purchase up to 500,000
shares of common stock, $1.00 par value ("Common Stock"), of the Company at
prices, net to the seller in cash, not greater than $47.50 nor less than $42.50
per share, upon the terms and subject to the conditions set forth in the Offer
to Purchase dated November 14, 1996 (the "Offer to Purchase") and the related
Letter of Transmittal (which together constitute the "Offer"), copies of which
were previously filed as Exhibits (a)(1) and (a)(2), respectively, to this
Statement.
ITEM 8. ADDITIONAL INFORMATION.
Item 8(e) is hereby supplemented and amended as follows:
On December 16, 1996, the Company issued a press release (the "Press
Release") announcing that, based on the preliminary results of the Offer, the
Company expects to purchase approximately 508,426 shares of Common Stock (6.4%
of all shares of Common Stock outstanding prior to commencement of the Offer) at
a price of $46.00 per share. As permitted by the terms of the Offer, the Company
will increase the number of shares to be purchased by approximately 8,426
shares. This increase will enable the Company to purchase all shares tendered at
$46.00 per share or less without proration. Shares tendered at prices greater
than $46.00 per share (approximately 471,774 shares) will not be purchased. The
determination of the actual number of shares to be purchased and the final
purchase price is subject to final confirmation of the proper delivery of all
shares tendered and not withdrawn. The Press Release is filed as Exhibit (a)(10)
hereto and is incorporated herein by reference.
ITEM 9. MATERIAL TO BE FILED AS EXHIBITS.
Item 9 is hereby amended and restated as follows:
(a)(1) Form of Offer to Purchase dated November 14, 1996
(incorporated herein by reference to the exhibit designated by
the same number contained in the Company's Issuer Tender Offer
Statement on Schedule 13E-4 filed with the Commission on
November 14, 1996).
(a)(2) Form of Letter of Transmittal (incorporated herein by
reference to the exhibit designated by the same number
contained in the Company's Issuer Tender Offer Statement on
Schedule 13E-4 filed with the Commission on November 14,
1996).
(a)(3) Form of Notice of Guaranteed Delivery (incorporated herein by
reference to the exhibit designated by the same number
contained in the Company's Issuer Tender Offer Statement on
Schedule 13E-4 filed with the Commission on November 14,
1996).
(a)(4) Form of Letter dated November 14, 1996 from the Company to
brokers, dealers, commercial banks, trust companies and other
nominees (incorporated herein by
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reference to the exhibit designated by the same number
contained in the Company's Issuer Tender Offer Statement on
Schedule 13E-4 filed with the Commission on November 14,
1996).
(a)(5) Form of Letter dated November 14, 1996 to clients for use by
brokers, dealers, commercial banks, trust companies and other
nominees (incorporated herein by reference to the exhibit
designated by the same number contained in the Company's
Issuer Tender Offer Statement on Schedule 13E-4 filed with the
Commission on November 14, 1996).
(a)(6) Form of Letter dated November 14, 1996 to shareholders from
the Vice Chairman of the Board of Directors and Chief
Executive Officer of and the Vice President and Chief
Financial Officer of the Company (incorporated herein by
reference to the exhibit designated by the same number
contained in the Company's Issuer Tender Offer Statement on
Schedule 13E-4 filed with the Commission on November 14,
1996).
(a)(7) Form of Press Release issued by the Company dated November 14,
1996 (incorporated herein by reference to the exhibit
designated by the same number contained in the Company's
Issuer Tender Offer Statement on Schedule 13E-4 filed with the
Commission on November 14, 1996).
(a)(8) Form of Summary Advertisement dated November 14, 1996
(incorporated herein by reference to the exhibit designated by
the same number contained in the Company's Issuer Tender Offer
Statement on Schedule 13E-4 filed with the Commission on
November 14, 1996).
(a)(9) Guidelines for Certification of Taxpayer Identification Number
on Substitute Form W-9 (incorporated herein by reference to
the exhibit designated by the same number contained in the
Company's Issuer Tender Offer Statement on Schedule 13E-4
filed with the Commission on November 14, 1996).
(a)(10) Form of press release issued by the Company dated December 16,
1996 (filed herewith).
(b) Amended and Restated Credit Agreement, dated as of December
21, 1995, among the Company, NationsBank, N.A., Bank of
America National Trust and Savings Association and the other
banks named therein (incorporated herein by reference to
Exhibit 4.14 to the Company's Annual Report on Form 10-K for
the fiscal year ended December 31, 1995).
(c)(1) Stock Rights and Restrictions Agreement, dated as of January
27, 1989, by and between the Company and The Coca-Cola Company
(incorporated herein by reference to Exhibit 28.01 to the
Company's Current Report on Form 8-K dated as of January 27,
1989).
(c)(2) Shareholders' Agreement, dated as of December 17, 1988, by and
among The Coca-Cola Company, J. Frank Harrison, Jr., J. Frank
Harrison, III and the other parties thereto (incorporated
herein by reference to the exhibit designated by the same
number contained in the Company's Issuer Tender Offer
Statement on Schedule 13E-4 filed with the Commission on
November 14, 1996).
(d) Not applicable.
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(e) Not applicable.
(f) Not applicable.
(g)(1) "Item 8. Financial Statements and Supplementary Data" in Part
II of the Company's Annual Report on Form 10-K for the fiscal
year ended December 31, 1995 (incorporated herein by reference
to the exhibit designated by the same number contained in the
Company's Issuer Tender Offer Statement on Schedule 13E-4
filed with the Commission on November 14, 1996).
(g)(2) "Item 1. Financial Statements" in Part I of the Company's
Quarterly Report on Form 10-Q for the quarterly period ended
September 29, 1996 (incorporated herein by reference to the
exhibit designated by the same number contained in the
Company's Issuer Tender Offer Statement on Schedule 13E-4
filed with the Commission on November 14, 1996).
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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.
COCA-COLA BOTTLING CO. CONSOLIDATED
By: /s/ David V. Singer
David V. Singer
Vice President and Chief Financial Officer
Dated: December 16, 1996
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INDEX TO EXHIBITS
ITEM DESCRIPTION
(a)(1) Form of Offer to Purchase dated November 14, 1996
(incorporated herein by reference to the exhibit designated by
the same number contained in the Company's Issuer Tender Offer
Statement on Schedule 13E-4 filed with the Commission on
November 14, 1996).
(a)(2) Form of Letter of Transmittal (incorporated herein by
reference to the exhibit designated by the same number
contained in the Company's Issuer Tender Offer Statement on
Schedule 13E-4 filed with the Commission on November 14,
1996).
(a)(3) Form of Notice of Guaranteed Delivery (incorporated herein by
reference to the exhibit designated by the same number
contained in the Company's Issuer Tender Offer Statement on
Schedule 13E-4 filed with the Commission on November 14,
1996).
(a)(4) Form of Letter dated November 14, 1996 from the Company to
brokers, dealers, commercial banks, trust companies and other
nominees (incorporated herein by reference to the exhibit
designated by the same number contained in the Company's
Issuer Tender Offer Statement on Schedule 13E-4 filed with the
Commission on November 14, 1996).
(a)(5) Form of Letter dated November 14, 1996 to clients for use by
brokers, dealers, commercial banks, trust companies and other
nominees (incorporated herein by reference to the exhibit
designated by the same number contained in the Company's
Issuer Tender Offer Statement on Schedule 13E-4 filed with the
Commission on November 14, 1996).
(a)(6) Form of Letter dated November 14, 1996 to shareholders from
the Vice Chairman of the Board of Directors and Chief
Executive Officer of and the Vice President and Chief
Financial Officer of the Company (incorporated herein by
reference to the exhibit designated by the same number
contained in the Company's Issuer Tender Offer Statement on
Schedule 13E-4 filed with the Commission on November 14,
1996).
(a)(7) Form of Press Release issued by the Company dated November 14,
1996 (incorporated herein by reference to the exhibit
designated by the same number contained in the Company's
Issuer Tender Offer Statement on Schedule 13E-4 filed with the
Commission on November 14, 1996).
(a)(8) Form of Summary Advertisement dated November 14, 1996
(incorporated herein by reference to the exhibit designated by
the same number contained in the Company's Issuer Tender Offer
Statement on Schedule 13E-4 filed with the Commission on
November 14, 1996).
(a)(9) Guidelines for Certification of Taxpayer Identification Number
on Substitute Form W-9 (incorporated herein by reference to
the exhibit designated by the same number contained in the
Company's Issuer Tender Offer Statement on Schedule 13E-4
filed with the Commission on November 14, 1996).
(a)(10) Form of Press Release issued by the Company dated December 16,
1996 (filed herewith).
(b) Amended and Restated Credit Agreement, dated as of December
21, 1995, among the Company, NationsBank, N.A., Bank of
America National Trust and Savings Association and the other
banks named therein (incorporated herein by reference to
Exhibit 4.14 to the Company's Annual Report on Form 10-K for
the fiscal year ended December 31, 1995).
(c)(1) Stock Rights and Restrictions Agreement, dated as of January
27, 1989, by and between the Company and The Coca-Cola Company
(incorporated herein by reference to Exhibit 28.01 to the
Company's Current Report on Form 8-K dated as of January 27,
1989).
(c)(2) Shareholders' Agreement, dated as of December 17, 1988, by and
among The Coca-Cola Company, J. Frank Harrison, Jr., J. Frank
Harrison, III and the other parties thereto (incorporated
herein by reference to the exhibit designated by the same
number contained in the Company's Issuer Tender Offer
Statement on Schedule 13E-4 filed with the Commission on
November 14, 1996).
(d) Not applicable.
(e) Not applicable.
(f) Not applicable.
(g)(1) "Item 8. Financial Statements and Supplementary Data" in Part
II of the Company's Annual Report on Form 10-K for the fiscal
year ended December 31, 1995 (incorporated herein by reference
to the exhibit designated by the same number contained in the
Company's Issuer Tender Offer Statement on Schedule 13E-4
filed with the Commission on November 14, 1996).
(g)(2) "Item 1. Financial Statements" in Part I of the Company's
Quarterly Report on Form 10-Q for the quarterly period ended
September 29, 1996 (incorporated herein by reference to the
exhibit designated by the same number contained in the
Company's Issuer Tender Offer Statement on Schedule 13E-4
filed with the Commission on November 14, 1996).
Exhibit (a)(10)
COCA-COLA BOTTLING CO. CONSOLIDATED ANNOUNCES PRELIMINARY
RESULTS OF DUTCH AUCTION SELF-TENDER
PRESS RELEASE
Charlotte, NC, December 16, 1996 -- Coca-Cola Bottling Co. Consolidated
announced today that based on a preliminary count by the depositary for its
"Dutch Auction" self-tender offer, the Company expects to purchase approximately
508,426 shares of its Common Stock (6.4% of all shares of Common Stock
outstanding prior to commencement of the tender offer) from its stockholders at
a price of $46.00 per share in accordance with the terms of the tender offer.
The tender offer expired at 5:00 P.M., Eastern time, on Friday, December 13,
1996.
Pursuant to the terms of the tender offer, which commenced on November 14, 1996,
the Company offered to purchase for cash up to 500,000 shares of Common Stock at
a purchase price not greater than $47.50 nor less than $42.50 per share, net to
the seller in cash. As permitted by the terms of the offer, the Company will
increase the number of shares to be purchased by approximately 8,426 shares.
This increase will enable the Company to purchase all shares tendered at $46.00
per share or less without proration. Shares tendered at prices greater than
$46.00 per share (approximately 471,774 shares) will not be purchased.
The determination of the actual number of shares to be purchased and the final
purchase price is subject to final confirmation of the proper delivery of all
shares tendered and not withdrawn. Payment for the shares properly tendered and
accepted for purchase will be made as soon as practicable. All shares tendered
and not purchased will be returned promptly to the shareholders.
Prior to the purchase of shares pursuant to the tender offer, the Company had
7,974,559 shares of Common Stock and 1,319,862 shares of Class B Common Stock
outstanding. Following the purchase of the shares pursuant to the tender offer,
the Company will have approximately 7,466,133 shares of Common Stock and
1,319,862 shares of Class B Common Stock outstanding.
Coca-Cola Bottling Co. Consolidated, headquartered in Charlotte, NC, is the
second-largest Coca-Cola bottler in the United States with annual revenues of
more than $760 million. The Company operates in 12 southeastern states and has
approximately 5,000 employees.