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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE TO
(RULE 14d-100)
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1) OF THE SECURITIES
EXCHANGE ACT OF 1934
(AMENDMENT NO. 2 -- FINAL AMENDMENT)
U.S. FRANCHISE SYSTEMS, INC.
(Name of Subject Company (Issuer))
USFS ACQUISITION CO.
SDI, INC.
HSA PROPERTIES, INC.
MERIDIAN ASSOCIATES, L.P.
MICHAEL LEVEN
ANDREA LEVEN
JONATHAN LEVEN
ROBERT LEVEN
ADAM LEVEN
STEVEN ROMANIELLO
U.S. FRANCHISE SYSTEMS, INC.
(Names of Filing Persons (Offerors))
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CLASS A COMMON STOCK, $0.01 PAR VALUE
(Title of Class of Securities)
902956309
(CUSIP Number of Class of Securities)
HAROLD S. HANDELSMAN STEPHEN D. ARONSON, ESQ.
SDI, INC. U.S. FRANCHISE SYSTEMS, INC.
200 WEST MADISON STREET, SUITE 3800 13 CORPORATE SQUARE, SUITE 250
CHICAGO, ILLINOIS 60606 ATLANTA, GEORGIA 30329
(312) 750-8102 (404) 235-7463
(Name, Address and Telephone Numbers of Person
Authorized to Receive Notices and Communications on Behalf of Filing Persons)
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COPIES TO:
BRUCE G. WILSON, ESQ. ROBERT B. SCHUMER, ESQ.
ADAM R. KLEIN, ESQ. PAUL D. GINSBERG, ESQ.
KATTEN MUCHIN ZAVIS PAUL, WEISS, RIFKIND, WHARTON & GARRISON
525 WEST MONROE STREET, SUITE 1600 1285 AVENUE OF THE AMERICAS
CHICAGO, ILLINOIS 60661 NEW YORK, NEW YORK 10019-6064
(312) 902-5200 (212) 373-3000
/ / Check the box if the filing relates solely to preliminary communications
made before the commencement of a tender offer.
Check the appropriate boxes below to designate any transactions to which
the statement relates:
/X/ third-party tender offer subject to Rule 14d-1.
/ / issuer tender offer subject to Rule 13e-4.
/X/ going-private transaction subject to Rule 13e-3.
/ / amendment to Schedule 13d under Rule 13d-2.
Check the following box if the filing is a final amendment reporting the results
of the tender offer: /X/
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INTRODUCTORY STATEMENT
This Amendment No. 2 amends and supplements the Tender Offer Statement on
Schedule TO filed with the Securities and Exchange Commission on October 3,
2000, as amended by Amendment No. 1 (the "Schedule TO"), relating to the
third-party tender offer by USFS Acquisition Co., a Delaware corporation and
wholly owned subsidiary of Pritzker family business interests (the "Purchaser"),
to purchase all of the issued and outstanding shares of Class A Common Stock,
par value $0.01 per share, and Class B Common Stock, par value $0.01 per share,
of U.S. Franchise Systems, Inc., a Delaware corporation (the "Company"), at a
price of $5.00 per share, net to the seller in cash, without interest thereon,
upon the terms and subject to the conditions set forth in the Offer to Purchase
dated October 3, 2000 (the "Offer to Purchase") and in the related Letter of
Transmittal, which together, as amended or supplemented from time to time,
constitute the "Offer."
All capitalized terms not otherwise defined herein shall have the meanings
given to them in the Offer to Purchase.
ITEMS 1 THROUGH 9, 11 AND 13
Items 1 through 9, 11 and 13 of the Schedule TO are hereby amended and
supplemented to add the following:
The Offer expired at 12:00 midnight, New York City time, on Wednesday,
November 1, 2000. Pursuant to the Offer, based upon a report from the
Depositary, the Purchaser accepted for payment 14,882,008 Shares, including
929,864 Shares subject to guaranteed delivery, representing approximately 75% of
the outstanding Shares. On November 2, 2000, the Purchaser and the Company
issued a press release announcing the closing of the Offer, the full text of
which is attached as an exhibit hereto and incorporated herein by reference.
ITEM 12. EXHIBITS
Item 12 of the Schedule TO is hereby amended to add the following:
(a)(5)(A) Text of press release issued by the Purchaser and the Company on
November 2, 2000.
SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify that
the information set forth in this amendment is true, complete and correct.
Dated: November 2, 2000
SCHEDULE TO AND SCHEDULE 13E-3
USFS ACQUISITION CO.
By: /s/ DOUGLAS GEOGA
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Name Douglas Geoga
Title President
SDI, INC.
By: /s/ HAROLD S. HANDELSMAN
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Name Harold S. Handelsman
Title Vice President
HSA PROPERTIES, INC.
By: /s/ HAROLD S. HANDELSMAN
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Name Harold S. Handelsman
Title Vice President
MERIDIAN ASSOCIATES, L.P.
By: Meridian Investment, Inc.,
its general partner
By: /s/ HAROLD S. HANDELSMAN
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Name Harold S. Handelsman
Title Vice President
/s/ MICHAEL LEVEN
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Michael Leven
/s/ ANDREA LEVEN
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Andrea Leven
/s/ JONATHAN LEVEN
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Jonathan Leven
/s/ ROBERT LEVEN
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Robert Leven
/s/ ADAM LEVEN
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Adam Leven
/s/ STEVEN ROMANIELLO
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Steven Romaniello
SCHEDULE 13E-3
U.S. FRANCHISE SYSTEMS, INC.
By: /s/ STEPHEN D. ARONSON
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Name Stephen D. Aronson
Title Vice President, General Counsel
and Secretary
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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(a)(5)(A) Text of press release issued by USFS Acquisition Co. and
U.S. Franchise Systems, Inc. on November 2, 2000.