AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MAY 12, 1998
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13E-3/A
Rule 13e-3 Transaction Statement
(Pursuant to Section 13(e) of the Securities Exchange Act of 1934)
AMENDMENT NO. 1
BET HOLDINGS, INC.
(Name of Issuer)
BET HOLDINGS, INC.
BTV ACQUISITION CORPORATION
ROBERT L. JOHNSON
TELE-COMMUNICATIONS, INC.
(Name of Person(s) Filing Statement)
Class A Common Stock, $.02 Par Value per Share
(Title of Class of Securities)
086585-10-6
(CUSIP Number)
Stephen M. Brett, Esq. Frederick H. McGrath, Esq. Howard V. Sinclair, Esq. Stephen W. Hamilton, Esq. Byron F. Marchant, Esq.
Senior Vice President Baker & Botts, L.L.P. Arent, Fox, Kintner, Skadden, Arps, Slate, BET Holdings, Inc.
and General Counsel 599 Lexington Avenue Plotkin & Kahn Meagher & Flom LLP One BET Plaza
Tele-Communications, Inc. New York, NY 10022 1050 Connecticut Avenue, 1440 New York Avenue, N.W. 1900 W Place, N.E.
5619 DTC Parkway (212) 705-5000 N.W. Washington, D.C. 20005 Washington, D.C. 20018
Englewood, CO 80111 Washington, D.C. 20036 (202) 371-7000 (202) 608-2000
(303) 267-5500 (202) 857-6000
(Name, Address and Telephone Number of Persons Authorized to Receive Notices
and Communications on Behalf of Person(s) Filing Statement)
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 14-C 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: [x]
BET Holdings, Inc., a Delaware corporation (the "Company"), Robert L.
Johnson, Tele-Communications, Inc., a Delaware corporation ("TCI"), and BTV
Acquisition Corporation, a Delaware corporation incorporated for purposes of the
transaction ("BTV Acquisition"), hereby amend and supplement their Rule 13e-3
Transaction Statement on Schedule 13E-3 filled with the Securities and Exchange
Commission on May 1, 1998 (the "Schedule 13E-3"), with respect to an offer by
Mr. Johnson and Liberty Media Corporation, a Delaware corporation and a wholly
owned subsidiary of TCI ("Liberty"), to acquire all of the issued and
outstanding shares of Class A Common Stock, par value $.02 per share, of the
Company which are not already owned by BTV Acquisition, Mr. Johnson, Liberty or
their respective subsidiaries.
Capitalized terms used but not defined herein shall have the meaning
assigned to them in the Schedule 13E-3.
Page 2 of 5
Item 17. Material to be Filed as Exhibits.
--------------------------------
(b)(1) The copy of the presentation by Goldman, Sachs & Co. to the Special
Independent Committee, dated March 15, 1998, filed with the Schedule 13E-3
contained several minor typographical errors. A corrected version is attached as
Exhibit 99.17(b)(1) hereto.
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SIGNATURE
After due inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: May 12, 1998
BET HOLDINGS, INC.
By: /s/ Debra L. Lee
----------------------------------
Debra L. Lee
President
BTV ACQUISITION CORPORATION
By: /s/ Robert L. Johnson
----------------------------------
Robert L. Johnson
President
/s/ Robert L. Johnson
----------------------------------
Robert L. Johnson
TELE-COMMUNICATIONS, INC.
By: /s/ Robert R. Bennett
----------------------------------
Robert R. Bennett
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EXHIBIT INDEX
EXHIBIT DESCRIPTION
Exhibit 99.17(b)(1) Presentation by Goldman, Sachs & Co. to the
Special Independent Committee, dated March
15, 1998 (Corrected).
Page 5 of 5