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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE TO/A
(RULE 14d-100)
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 5)
PURE RESOURCES, INC.
(Name of Subject Company)
UNOCAL CORPORATION
UNION OIL COMPANY OF CALIFORNIA
(Name of Filing Persons -- Offerors)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
(Title of Class of Securities)
74622E 10 2
(CUSIP Number of Class of Securities)
BARRY A. L. HOFFMAN, ESQ.
DEPUTY GENERAL COUNSEL
UNOCAL CORPORATION
2141 ROSECRANS AVENUE, SUITE 4000
EL SEGUNDO, CALIFORNIA 90245
(310) 726-7600
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications on Behalf of Filing Persons)
-COPIES TO-
DANIEL A. NEFF
ELLIOTT V. STEIN
WACHTELL, LIPTON, ROSEN & KATZ
51 WEST 52ND STREET
NEW YORK, NY 10019
(212) 403-1000
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CALCULATION OF FILING FEE
TRANSACTION VALUATION* AMOUNT OF FILING FEE
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$553,110,833 $49,046
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* Estimated solely for the purpose of calculating the filing fee pursuant to
Rule 0-11 under the Securities Exchange Act of 1934, as amended, based on the
product of (i) 22.45 the average of the high and low sales prices of Pure
Resources, Inc.'s common stock and (ii) 23,746,585, the maximum number of
shares to be acquired pursuant to this offer.
[X] Check the 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: $50,916. Filing Party: Unocal Corporation.
Form or Registration No.: Form S-4. Date Filed: September 4, 2002
[ ] 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.
[ ] going-private transaction subject to Rule 13e-3.
[X] 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: [ ]
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SCHEDULE 13D
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CUSIP No. 74622E 10 2 Page 2 of 6 Pages
------------------------- ----------------------
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Unocal Corporation
95-3825062
----------------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
2 (b) [ ]
----------------------------------------------------------------------------------------------------------
SEC USE ONLY
3
----------------------------------------------------------------------------------------------------------
SOURCE OF FUNDS
4
AF
----------------------------------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
5 PURSUANT TO ITEMS 2(d) or 2(e) [ ]
----------------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
----------------------------------------------------------------------------------------------------------
SOLE VOTING POWER
NUMBER OF 7
SHARES -0-
BENEFICIALLY -----------------------------------------------------------------
OWNED BY SHARED VOTING POWER
EACH 8
REPORTING 35,890,333(1)
PERSON -----------------------------------------------------------------
WITH SOLE DISPOSITIVE POWER
9
32,709,067
-----------------------------------------------------------------
SHARED DISPOSITIVE POWER
10
-0-
----------------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
11 PERSON
35,890,333*
----------------------------------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES [ ]
----------------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
71.3%
----------------------------------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
CO
----------------------------------------------------------------------------------------------------------
---------------
(1) Includes 32,709,067 shares directly owned by Union Oil Company of
California, and 3,181,266 shares beneficially owned by Jack D. Hightower,
with respect to which the reporting persons may be deemed to share voting
control by virtue of the Voting Agreement (as described on the reporting
persons joint Statement on Schedule 13D, as amended, which is incorporated
herein by reference).
2
SCHEDULE 13D
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CUSIP No. 74622E 10 2 Page 3 of 6 Pages
------------------------- ----------------------
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Union Oil Company of California
95-1315450
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
2 (b) [ ]
----------------------------------------------------------------------------------------------------------
SEC USE ONLY
3
----------------------------------------------------------------------------------------------------------
SOURCE OF FUNDS
4
OO
----------------------------------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
5 PURSUANT TO ITEMS 2(d) or 2(e) [ ]
----------------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
California
----------------------------------------------------------------------------------------------------------
SOLE VOTING POWER
NUMBER OF 7
SHARES -0-
BENEFICIALLY -----------------------------------------------------------------
OWNED BY SHARED VOTING POWER
EACH 8
REPORTING 35,890,333(2)
PERSON -----------------------------------------------------------------
WITH SOLE DISPOSITIVE POWER
9
32,709,067
-----------------------------------------------------------------
SHARED DISPOSITIVE POWER
10
-0-
----------------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
11 PERSON
35,890,333*
----------------------------------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES [ ]
----------------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
71.3%
----------------------------------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
CO
----------------------------------------------------------------------------------------------------------
---------------
(2) Includes 32,709,067 shares directly owned by Union Oil Company of
California, and 3,181,266 shares beneficially owned by Jack D. Hightower,
with respect to which the reporting persons may be deemed to share voting
control by virtue of the Voting Agreement (as described on the reporting
persons joint Statement on Schedule 13D, as amended, which is incorporated
herein by reference).
3
This Amendment No. 5 to the Tender Offer Statement on Schedule TO and
combined Amendment No. 7 to the joint Statement on Schedule 13D (together with
the Initial Schedule TO (as defined below), as previously amended and as amended
hereby, the "Schedule TO") are filed by Unocal Corporation, a Delaware
corporation ("Unocal"), and its wholly owned subsidiary Union Oil Company of
California, a California corporation ("Union Oil", together with Unocal, the
"Reporting Persons"). The Schedule TO, amends and supplements (1) the Reporting
Persons' Tender Offer Statement on Schedule TO filed on September 4, 2002 (the
"Initial Schedule TO") and (2) the Reporting Persons' Statement on Schedule 13D,
as amended and relates to the offer by Unocal to exchange 0.6527 of a share of
Unocal common stock (including the associated preferred stock purchase rights)
for each outstanding share of Pure Resources, Inc. common stock, on the terms
and conditions contained in Unocal's prospectus, dated September 4, 2002, as
amended, and in the related letter of transmittal, copies of which are
incorporated by reference to Exhibit (a)(1) and Exhibit (a)(2) to the Initial
Schedule TO (which, together with any amendments or supplements thereto,
collectively constitute the "Offer").
ITEMS 1 TO 11.
The information set forth in the Offer is incorporated herein by reference
with respect to Items 1-11 of this Schedule TO.
ITEM 12. EXHIBITS.
(a)(1) Prospectus dated October 2, 2002 (incorporated by reference
from Unocal's Registration Statement on Form S-4 filed with
the SEC on September 4, 2002 (as amended, the "Form S-4")).
(a)(2) Letter of Transmittal (incorporated by reference to Exhibit
99.1 to the Form S-4).
(a)(15) In Re Pure Resources, Inc. (Del. Ch. October 1, 2002)
(incorporated by reference to Exhibit 99.13 to the Form
S-4).
4
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.
UNION OIL COMPANY OF CALIFORNIA
By /s/ DOUGLAS M. MILLER
------------------------------------
Name: Douglas M. Miller
Title: Vice President, Corporate
Development
UNOCAL CORPORATION
By /s/ DOUGLAS M. MILLER
------------------------------------
Name: Douglas M. Miller
Title: Vice President, Corporate
Development
Dated: October 3, 2002
5
EXHIBIT INDEX
(a)(1) Prospectus dated October 2, 2002 (incorporated by reference
from Unocal Corporation's Registration Statement on Form S-4
filed with the SEC on September 4, 2002 (as amended, the
"Form S-4")).
(a)(2) Letter of Transmittal (incorporated by reference to Exhibit
99.1 to the Form S-4).
(a)(15) In Re Pure Resources, Inc. (Del. Ch. October 1, 2002)
(incorporated by reference to Exhibit 99.13 to the Form
S-4).
6