SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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. 2)
KLLM TRANSPORT SERVICES, INC.
(Name of the Issuer)
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KLLM TRANSPORT SERVICES, INC.
(Name of Person(s) Filing Statement)
COMMON STOCK, PAR VALUE $1.00 PER SHARE
(Title of Class of Securities)
482498102
(CUSIP Number of Class of Securities)
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WILLIAM J. LILES, III
PRESIDENT AND CHIEF EXECUTIVE OFFICER
KLLM TRANSPORT SERVICES, INC.
135 RIVERVIEW DRIVE
RICHLAND, MISSISSIPPI 39218
(601) 939-2545
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications on Behalf of the Person(s) Filing Statement)
WITH COPIES TO:
DIONNE M. ROUSSEAU
JONES, WALKER, WAECHTER, POITEVANT, CARRERE & DENEGRE, L.L.P.
201 ST. CHARLES AVENUE, FLOOR 51
NEW ORLEANS, LA 70170
(504) 582-8000
NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED THE TRANSACTION, PASSED UPON THE
MERITS OR FAIRNESS OF THE TRANSACTION, OR PASSED UPON THE ADEQUACY OR
ACCURACY OF THE DISCLOSURE IN THIS DOCUMENT. ANY REPRESENTATION TO THE
CONTRARY IS A CRIMINAL OFFENSE.
This statement is filed in connection with (check the appropriate box):
a. [ ]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. [x]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: [ ]
CALCULATION OF FILING FEE
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TRANSACTION
VALUATION* AMOUNT OF FILING FEE
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$27,485,558 $5,498
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* Estimated for purposes of calculating the amount of the filing fee
only. The filing fee calculation assumes the purchase of all the
outstanding shares of common stock, par value $1.00 per share, of KLLM
Transport Services, Inc. (the "Common Stock"), a Delaware corporation
(the "Company"), including the related preferred stock purchase rights
(the "Rights" and, together with the Common Stock, the "Shares"), except
for 689,123 Shares beneficially owned by William J. Liles, III, at a per
Share price of $8.05 in cash, without interest. As of May 25, 2000,
there were 4,103,478 Shares issued and outstanding. Based on the
foregoing, the transaction value is equal to the product of 3,414,355
Shares and $8.05 per Share. The amount of the filing fee calculated in
accordance with Rule 0-11 of the Securities Exchange Act of 1934, as
amended, equals 1/50th of the one percent of the value of the
transaction.
[ ]Check 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:$5,498 Filing Party:High Road Acquisition Corp.
Form or Registration No.: Schedule TO Date Filed: June 2, 2000
This Amendment No. 2 amends and supplements the Statement on
Schedule 13e-3 filed by KLLM Transport Services, Inc., a Delaware
corporation (the "Company"), with the Securities and Exchange Commission
(the "Commission") on June 23, 2000, as amended June 30, 2000, in
relation to the tender offer being made by High Road Acquisition
Subsidiary Corp., a Delaware corporation ("Purchaser"), which is a wholly
owned subsidiary of High Road Acquisition Corp., a Delaware corporation
("Parent"), to purchase all of the outstanding shares of Common Stock of
the Company at a purchase price of $8.05 per share, net to the seller in
cash, without interest thereon, less applicable withholding taxes, if
any, (the "Offer Price") upon the terms and subject to the conditions set
forth in Purchaser's Offer to Purchase, dated June 2, 2000 (as amended or
supplemented from time to time, the "Offer to Purchase"), and in the
related Letter of Transmittal (which, together with the Offer to
Purchase, constitutes the "High Road Offer"). The High Road Offer is
described in a Tender Offer Statement on Schedule TO (as amended or
supplemented from time to time, the "Schedule TO"), filed by Parent and
Purchaser with the Commission on June 2, 2000, as amended by Amendments
No. 1, No. 2 and No. 3 filed with the Commission on June 3, 2000, June
26, 2000, and June 28, 2000, respectively. The High Road Offer is being
made in accordance with the Plan of Agreement and Merger, dated as of May
25, 2000, among Parent, Purchaser and the Company (the "Merger
Agreement"), a copy of which is attached as Exhibit (e)(1) to the
Soliciation/Recommendation Statement on Schedule 14D-9, as amended (the
"Schedule 14D-9"), filed by the Company with the Commission on June 2,
2000, and which is incorporated herein by reference. The Merger
Agreement provides that, subject to the satisfaction or waiver of certain
conditions, following completion of the Offer, and in accordance with the
Delaware General Corporation Law (the "DGCL"), Purchaser will be merged
with and into the Company (the "Merger"). Following the consummation of
the Merger, the Company will continue as the surviving corporation (the
"Surviving Corporation") and will be a wholly owned subsidiary of Parent.
At the effective time of the Merger (the "Effective Time"), each issued
and outstanding Share (other than Shares owned by Parent, Purchaser, any
of their respective subsidiaries, the Company or its subsidiary, which
shares will be cancelled, and Shares, if any, held by stockholders who
did not vote in favor of the Merger Agreement and who comply with all of
the relevant provisions of Section 262 of the DGCL relating to
dissenters' rights of appraisal) will be converted into the right to
receive $8.05 in cash, without interest.
Capitalized terms used but not defined herein have the meanings
ascribed to them in the Schedule 14D-9.
ITEMS 1, 4 AND 11.
Items 1, 4 and 11 are hereby amended and supplemented to add the
following:
The Offer expired at 12:00 Midnight, New York City time on Thursday,
July 6, 2000, at which time approximately 2,712,639 shares were validly
tendered, including guaranteed deliveries. The tendered Shares,
together with the 689,123 shares acquired by Parent from Mr. Liles and
familial trusts of Mr. Liles, represent approximately 82.9% of the
outstanding shares of the Company's outstanding capital stock.
As previously announced by Purchaser, Purchaser will provide a
subsequent offering period of three business days, which will commence at
9:00 a.m. New York City time on Friday, July 7, 2000, and expire at
Midnight, New York City time on Tuesday, July 11, 2000. Shares tendered
during the subsequent offering period may not be withdrawn.
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.
/S/ WILLIAM J. LILES, III
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(Signature)
William J. Liles, III, President and
Chief Executive Officer
July 7, 2000