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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 14D-1
(Amendment No. 2)
(Final Amendment)
and
SCHEDULE 13D
(Amendment No. 24)
Tender Offer Statement Pursuant to Section 14(d)(1)
of the Securities Exchange Act of 1934
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SPELLING ENTERTAINMENT GROUP INC.
(Name of Subject Company)
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VSEG ACQUISITION INC.
VIACOM INTERNATIONAL INC.
VIACOM INC.
(Bidders)
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Common Stock, Par Value $0.001 Per Share
(Title of Class of Securities)
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847807
(CUSIP Number of Class of Securities)
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Michael D. Fricklas, Esq.
VSEG ACQUISITION INC.
VIACOM INTERNATIONAL INC.
VIACOM INC.
(212) 258-6000
(Name, Address and Telephone Number of Persons Authorized to Receive Notices
and Communications on Behalf of Bidder)
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With Copies to:
Creighton O'M Condon, Esq.
Shearman & Sterling
599 Lexington Avenue
New York, New York 10022
(212) 848-4000
June 21, 1999
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Person Above
Viacom Inc.
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2. Check the appropriate Box if a member of a Group
(a) |_|
(b) |_|
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3. SEC Use Only
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4. Source of Funds
WC
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5. Check Box if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(e) or 2(f)
|_|
- --------------------------------------------------------------------------------
6. Citizenship or Place of Incorporation
Delaware
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
90,708,429
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8. Check Box if the Aggregate Amount in Row (7) Excludes Certain Shares
|_|
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9. Percent of Class Represented by Amount in Row (7)
97.2%
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10. Type of Reporting Person
CO
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Person Above
Viacom International Inc.
- --------------------------------------------------------------------------------
2. Check the appropriate Box if a member of a Group
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
WC
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(e) or 2(f)
|_|
- --------------------------------------------------------------------------------
6. Citizenship or Place of Incorporation
Delaware
- --------------------------------------------------------------------------------
7. Aggregate Amount Beneficially Owned by Each Reporting Person
90,708,429
- --------------------------------------------------------------------------------
8. Check Box if the Aggregate Amount in Row (7) Excludes Certain Shares
|_|
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row (7)
97.2%
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10. Type of Reporting Person
CO
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Person Above
VSEG Acquisition Inc.
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2. Check the appropriate Box if a member of a Group
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds
WC
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(e) or 2(f)
|_|
- --------------------------------------------------------------------------------
6. Citizenship or Place of Incorporation
Delaware
- --------------------------------------------------------------------------------
7. Aggregate Amount Beneficially Owned by Each Reporting Person
90,708,429
- --------------------------------------------------------------------------------
8. Check Box if the Aggregate Amount in Row (7) Excludes Certain Shares
|_|
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row (7)
97.2%
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10. Type of Reporting Person
CO
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Person Above
Sumner M. Redstone.
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2. Check the appropriate Box if a member of a Group
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3. SEC Use Only
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4. Source of Funds
OO
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5. Check Box if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(e) or 2(f)
|_|
- --------------------------------------------------------------------------------
6. Citizenship or Place of Incorporation
United States
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
90,708,429
- --------------------------------------------------------------------------------
8. Check Box if the Aggregate Amount in Row (7) Excludes Certain Shares
|_|
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row (7)
97.2%
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10. Type of Reporting Person
IN
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This Amendment No. 2 (Final Amendment) to the Tender Offer Statement
on Schedule 14D-1 and Amendment No. 24 to Schedule 13D relates to the offer by
VSEG Acquisition Inc., a Delaware corporation ("Purchaser") and a wholly owned
subsidiary of Viacom International Inc., a Delaware corporation ("Parent"), to
purchase all outstanding shares (the "Shares") of common stock, par value $0.001
per share (the "Common Stock"), of Spelling Entertainment Group Inc., a Delaware
corporation (the "Company"), at a price of $9.75 per Share, net to the seller in
cash, upon the terms and subject to the conditions set forth in Purchaser's
Offer to Purchase dated May 21, 1999 (the "Offer to Purchase") and in the
related Letter of Transmittal (which together constitute the "Offer").
Item 6. Interest in Securities of the Subject Company.
Item 6 of the Schedule 14D-1 is hereby amended and supplemented as
follows:
The Offer expired as scheduled at 12:00 midnight, New York City
time, on Friday, June 18, 1999. Based on a preliminary count, 15,492,326 Shares
were tendered (of which 423,520 Shares were tendered pursuant to notices of
guaranteed delivery) representing approximately 16.6% of the issued and
outstanding Shares. On Saturday, June 19, 1999, effective as of 12:01 a.m., all
Shares validly tendered and not withdrawn prior to the expiration of the Offer
were accepted for payment. In addition to the Shares acquired pursuant to the
Offer, Parent beneficially owns 75,216,103 Shares, representing approximately
80.6% of the issued and outstanding Shares. As a result, Parent and Purchaser
own approximately 97.2% of the issued and outstanding Shares. Parent intends to
effect the merger of Purchaser with and into the Company as promptly as
practicable. Parent and Purchaser own a sufficient number of Shares to enable
Purchaser to effect the Merger without a vote or meeting of the Company's
shareholders. Pursuant to the Merger, Shares of the Company that were not
tendered into the Offer will be canceled and converted automatically into the
right to receive $9.75 per Share in cash, subject to dissenters' rights.
Following the Merger, the Company will become a wholly owned subsidiary of
Parent. A press release issued by Parent on June 21, 1999 announcing the
expiration of the Offer and the acceptance of validly tendered Shares is
attached hereto as Exhibit (a)(10) and is incorporated herein by reference.
Item 11. Material to Be Filed as Exhibits.
Item 11 of the Schedule 14D-1 is hereby amended by adding the
following Exhibits:
(a)(10) Press Release issued by Parent and the Company on June
21, 1999.
99.3 Agreement among Viacom International Inc., VSEG
Acquisition Inc., Viacom Inc. and Sumner M. Redstone
pursuant to Rule 13d-1(k)(1)(iii).
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.
June 21, 1999
VSEG ACQUISITION INC.
By: \S\ Michael D. Fricklas
------------------------------
Name: Michael D. Fricklas
Title: Senior Vice President,
General Counsel
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.
June 21, 1999
VIACOM INTERNATIONAL INC.
By: \S\ Michael D. Fricklas
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Name: Michael D. Fricklas
Title: Senior Vice President,
General Counsel
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.
June 21, 1999 VIACOM INC.
By: \S\ Michael D. Fricklas
------------------------------
Name: Michael D. Fricklas
Title: Senior Vice President,
General Counsel
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.
June 21, 1999 By: *
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Sumner M. Redstone,
Individually
*By: \S\ Philippe P. Dauman
---------------------------------------
Philippe P. Dauman
Attorney-in-Fact under the Limited Power
of Attorney filed as Exhibit 99.2 to
Amendment No. 11 to the Statement on
Schedule 13D filed on March 7, 1993 in
respect of the common stock of Spelling
Entertainment Group Inc.
EXHIBIT INDEX
Exhibit No.
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(a)(10) Press Release issued by Parent and the Company on June 21, 1999.
99.3 Agreement among VSEG Acquisition Inc., Viacom International Inc.,
Viacom Inc. and Sumner M. Redstone pursuant to Rule
13d-1(k)(1)(iii).
EXHIBIT (a)(10)
Viacom Completes Tender Offer for Spelling
NEW YORK, NY, June 21, 1999--Viacom Inc. (NYSE: VIA - news, VIA.B) announced
today that it has completed its tender offer for all outstanding shares of
common stock of Spelling Entertainment Group Inc. (NYSE: SP, PSE: SP) that it
does not already own for $9.75 per share in cash. The tender offer expired as
scheduled at 12:00 midnight, New York City time, on Friday, June 18, 1999. Based
on a preliminary count, 15,492,326 shares of Spelling common stock were tendered
(of which 423,520 shares were tendered pursuant to notices of guaranteed
delivery). The tendered shares along with the shares of common stock already
owned by Viacom represent approximately 97.2% of all of the issued and
outstanding shares of Spelling. All shares validly tendered and not withdrawn
prior to the expiration of the tender offer were accepted for payment.
The tender offer was made under the terms of a merger agreement between Spelling
and Viacom. Also under that merger agreement, Viacom will acquire all of the
remaining shares of Spelling it does not own in a merger to take place later
this week. In the merger, all remaining shares of Spelling not purchased in the
offer (other than those held by Viacom) will be converted into the right to
receive $9.75 per share in cash, subject to dissenters' rights.
Spelling Entertainment Group Inc. is a leading producer and distributor of
television and film entertainment and comprises Spelling Television, Big Ticket
Television, Worldvision Enterprises and Hamilton Projects. The Company is one of
the largest producers of television programming and, through its combined
libraries, controls approximately 10,000 hours of programming for worldwide
distribution.
Viacom Inc. is one of the world's largest entertainment companies and is a
leading force in nearly every segment of the international media marketplace.
The operations of Viacom include Blockbuster, MTV Networks, Paramount Pictures,
Paramount Television, Paramount Parks, Showtime Networks, Simon & Schuster, 19
television stations, and movie screens in 12 countries. Viacom also owns
half-interests in Comedy Central, UPN and UCI. National Amusements, Inc., a
closely held corporation which operates approximately 1,300 screens in the U.S.,
the U.K. and South America, is the parent company of Viacom. More information
about Viacom is available at the Company's Web site located at
http://www.viacom.com.
Contact:
Susan Duffy
(212) 258-6347
Exhibit 99.3
Pursuant to Rule 13d-1(k)(1)(iii) of the Securities and Exchange
Commission under the Securities Exchange Act of 1934, as amended, each of the
undersigned agrees that the statement to which this Exhibit is attached is filed
on its behalf.
June 21, 1999
VSEG ACQUISITION INC.
By: \S\ Michael D. Fricklas
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Name: Michael D. Fricklas
Title: Senior Vice President,
General Counsel
VIACOM INTERNATIONAL INC.
By: \S\ Michael D. Fricklas
------------------------------
Name: Michael D. Fricklas
Title: Senior Vice President,
General Counsel
VIACOM INC.
By: \S\ Michael D. Fricklas
------------------------------
Name: Michael D. Fricklas
Title: Senior Vice President,
General Counsel
By: *
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Sumner M. Redstone,
Individually
*By: \S\ Philippe P. Dauman
---------------------------------------
Philippe P. Dauman
Attorney-in-Fact under the Limited Power
of Attorney filed as Exhibit 99.2 to
Amendment No. 11 to the Statement on
Schedule 13D filed on March 7, 1993 in
respect of the common stock of Spelling
Entertainment Group Inc.