- -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------------- SCHEDULE 14D-1/A Tender Offer Statement Pursuant to Section 14(d)(1) of the Securities Exchange Act of 1934 (Amendment No. 7) and SCHEDULE 13D/A Pursuant to Section 13(d) of the Securities Exchange Act of 1934 (Amendment No. 7) ---------------- International Comfort Products Corporation (Name of Subject Company) ---------------- Titan Acquisitions, Ltd. United Technologies Corporation (Bidders) ---------------- Ordinary Stock, No Par Value Per Share (Title of Class of Securities) ---------------- 458978-10-3 (CUSIP Number of Class of Securities) ---------------- William H. Trachsel, Esq. Senior Vice President, General Counsel and Secretary United Technologies Corporation One Financial Plaza Hartford, CT 06101 Tel. Number (860) 728-7000 (Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications on Behalf of Bidders) ---------------- With a copy to: Christopher E. Austin, Esq. Cleary, Gottlieb, Steen & Hamilton One Liberty Plaza New York, New York 10006 (212) 225-2000 ---------------- SCHEDULE 14D-1 CUSIP No. 458978-10-3 Page 2 of 6 Pages 1. Name of Reporting Persons: S.S. or I.R.S. Identification Nos. of Above Person Titan Acquisitions Ltd. - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) [_] (See Instructions) (b) [_] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Sources of Funds (see Instructions) AF - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(e) or 2(f) [_] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Province of New Brunswick, Canada - -------------------------------------------------------------------------------- 7. Aggregate Amount Beneficially Owned by Each Reporting Person 40,099,227 - -------------------------------------------------------------------------------- 8. Check Box if the Aggregate Amount in Row (7) Excludes Certain Shares [_] (See Instructions) - -------------------------------------------------------------------------------- 9. Percent of Class Represented by Amount in Row (7) 98.3% - -------------------------------------------------------------------------------- 10. Type of Reporting Person (See Instructions) CO SCHEDULE 14D-1 CUSIP No. 458978-10-3 Page 3 of 6 Pages 1. Name of Reporting Persons: S.S. or I.R.S. Identification Nos. of Above Person United Technologies Corporation 060570975 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) [_] (See Instructions) (b) [_] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Sources of Funds (see Instructions) WC & OO - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(e) or 2(f) [_] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 7. Aggregate Amount Beneficially Owned by Each Reporting Person 40,099,227 - -------------------------------------------------------------------------------- 8. Check Box if the Aggregate Amount in Row (7) Excludes Certain Shares [_] (See Instructions) - -------------------------------------------------------------------------------- 9. Percent of Class Represented by Amount in Row (7) 98.3% - -------------------------------------------------------------------------------- 10. Type of Reporting Person (See Instructions) CO INTRODUCTION Titan Acquisitions, Ltd., a corporation organized under the laws of the Province of New Brunswick, Canada ("Purchaser"), and United Technologies Corporation, a Delaware corporation ("Parent"), hereby amend their joint Tender Offer Statement on Schedule 14D-1 dated June 30, 1999 relating to an offer to purchase all outstanding ordinary shares (the "Shares") of International Comfort Products Corporation, a corporation continued under the federal laws of Canada (the "Company"), at US$11.75 per Share (such Tender Offer Statement on Schedule 14D-1, the "Schedule 14D-1"). This Amendment constitutes the final amendment to the Schedule 14D-1 pursuant to General Instruction D to Schedule 14D-1. All terms defined in the Schedule 14D-1 have the same meanings in this Amendment. The Offer expired at 12:00 midnight, Toronto time, on Monday, August 9, 1999. According to the information provided by the U.S. Depositary and the Canadian Depositary, prior to the expiration of the Offer, a total of 40,099,227 Shares had been tendered pursuant to the Offer (including Shares tendered pursuant to the procedure for guaranteed delivery and Shares tendered pursuant to the Lock-up Agreements), which constitute approximately 98.3% of all Shares outstanding (approximately 98.3% on a fully diluted basis). On August 10, 1999, Purchaser, by notice to the Depositaries, accepted for payment all Shares validly tendered prior to the expiration of the Offer. Item 6. Interest in Securities of the Subject Company. (a)-(b) The following paragraph is hereby inserted after the last sentence: As of August 10, 1999, Purchaser has acquired pursuant to the Offer (including Shares tendered pursuant to the procedure for guaranteed delivery and Shares tendered by Ravine and Teachers pursuant to the terms of the Lock- up Agreements) beneficial ownership of 40,099,227 Shares in the aggregate, which constitute approximately 98.3% of the outstanding Shares (approximately 98.3% on a fully diluted basis). Reference is hereby made to the press release issued by Purchaser on August 10, 1999, a copy of which is attached hereto as Exhibit (a)(17) and incorporated herein by reference. Item 10. Additional Information. (f) The following sentence is hereby inserted after the last sentence: In addition, reference is hereby made to the disclosure set forth under Item 6 above. 4 SIGNATURES After due inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. United Technologies Corporation /s/ William Trachsel By: _________________________________ Name: William Trachsel Title:Senior Vice President, General Counsel & Secretary Titan Acquisitions, Ltd. /s/ Ari Bousbib By: _________________________________ Name: Ari Bousbib Title:President Dated August 10, 1999 5 EXHIBIT INDEX The following item (a)(17) is hereby added to the Exhibit Index: 6
Exhibit No. Description ------- ----------- (a)(17) Press Release by Parent, dated August 10, 1999.
Exhibit (a)(17) --------------- United Technologies Corp. Successfully Completes Tender Offer For International Comfort Products Corp. HARTFORD, Conn., August 10, 1999 -- United Technologies Corp. (NYSE: UTX) and Titan Acquisitions, Ltd., a wholly-owned subsidiary of UTC, today announced that they have successfully completed their tender offer for the outstanding ordinary shares of International Comfort Products Corp. (AMEX/TSE: ICP) for US$11.75 per share in cash. The tender offer expired at 12:00 midnight, Toronto time, August 9, 1999. Approximately 40,099,227 ordinary shares of ICP, representing approximately 98.3 percent of the total number of issued and outstanding shares, were tendered and accepted for purchase pursuant to the tender offer. Titan intends to acquire, under the statutory compulsory acquisition procedures of the Canada Business Corporations Act, the remaining ordinary shares of ICP at the same US$11.75 per ordinary share offer price as offered in the tender offer. Titan and UTC continue to expect to complete all aspects of the transaction by the end of the third quarter of 1999. ICP operations will be integrated into Carrier Corp., a wholly-owned subsidiary of UTC. Carrier Corp., a Farmington, Conn.-based subsidiary of United Technologies Corp., is the world's largest manufacturer of heating, air conditioning and refrigeration systems and equipment. United Technologies Corp., based in Hartford, Conn., provides a broad range of high technology products and support services to the building systems and aerospace industries. # # # Contacts: Regarding UTC/Titan: Peter Dalpe (860) 728-7912 Regarding Carrier Corp.: Matt Chadderdon (315) 432-6625