-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EIeQxKTwv23fYQs9zMvXvn99k00USquZRcgJ/pcDb9B6oJwVRLYZWo+jejXhzCA4 JavkzQeP4ufAQWai1RjTbA== 0000950152-97-008891.txt : 19971231 0000950152-97-008891.hdr.sgml : 19971231 ACCESSION NUMBER: 0000950152-97-008891 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19971230 ITEM INFORMATION: FILED AS OF DATE: 19971230 SROS: CBOE SROS: NYSE SROS: PHLX SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRW INC CENTRAL INDEX KEY: 0000100030 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 340575430 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-02384 FILM NUMBER: 97746375 BUSINESS ADDRESS: STREET 1: 1900 RICHMOND RD CITY: CLEVELAND STATE: OH ZIP: 44124 BUSINESS PHONE: 2162917000 MAIL ADDRESS: STREET 1: 1900 RICHMOND ROAD CITY: CLEVELAND STATE: OH ZIP: 44124 8-K 1 TRW INC. CURRENT REPORT FORM 8-K 1 ================================================================================ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 30, 1997 TRW Inc. (Exact name of registrant as specified in its charter) Ohio 1-2384 34-0575430 (State or other (Commission File Number) (I.R.S. Employer jurisdiction of Identification Number) incorporation) 1900 Richmond Road, Cleveland, Ohio 44124 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (216) 291-7000 (Former name or former address, if change since last report) ================================================================================ 2 Item 2. Acquisition or Disposition of Assets. On December 24, 1997, Systems Acquisition Inc. ("Purchaser"), a Delaware corporation and a wholly owned subsidiary of TRW Inc., an Ohio corporation ("TRW"), completed its tender offer for all the outstanding shares of common stock, par value $0.01 per share ("Shares"), of BDM International, Inc., a Delaware corporation ("BDM"). The purchase price was $29.50 per Share, net to the seller in cash without interest thereon, as set forth in the Offer to Purchase, dated November 26, 1997, and in the related Letter of Transmittal (which, together with the Offer to Purchase, as amended, constitute the "Offer"), each filed as exhibits to TRW's Schedule 14D-1 filed with the Securities and Exchange Commission on November 26, 1997. Pursuant to a Stockholders Agreement, dated as of November 20, 1997, among TRW, Purchaser and certain affiliates of The Carlyle Group, L.P. (the "Carlyle Stockholders"), who beneficially owned in the aggregate 7,660,000 Shares, or approximately 25.8% of the then issued and outstanding Shares, the Carlyle Stockholders tendered their Shares. The Offer was made pursuant to an Agreement and Plan of Merger, dated as of November 20, 1997 (the "Merger Agreement"), among BDM, TRW and Purchaser. In accordance with the terms of the Merger Agreement and with the Delaware General Corporation Law, on December 29, 1997, Purchaser was merged with and into BDM (the "Merger"), with BDM continuing as the surviving corporation in the Merger (the "Surviving Corporation") and as a wholly owned subsidiary of TRW. The total purchase price of approximately $930 million to purchase all outstanding Shares (including fees and expenses related to the Offer and the Merger) was determined through arms' length negotiations between TRW and BDM and took into consideration various factors concerning the valuation of the businesses of BDM. Funding will be obtained from the issuance of commercial paper and from borrowing from banks under existing lines of credit. Parent maintains committed revolving credit agreements with 17 banks. The text of those agreements, which includes the identity of the banks, is filed herewith as Exhibits 4.1, 4.2 and 4.3, and is incorporated herein by reference. BDM is a multinational information technology company that provides systems and software integration, computer and technical services, and enterprise management and operations to the public sector and commercial customers. TRW is conducting an integration study jointly with the Surviving Corporation and has made no decision concerning changes to the business or redeployment of BDM's assets. Unless and until any such decision is made, TRW intends to continue the business of BDM generally. The text of the press release issued by TRW on December 26, 1997, is incorporated herein by reference. 3 Exhibit No. (2.1) Agreement and Plan of Merger, dated as of November 20, 1997, by and among BDM, TRW, and Purchaser (incorporated herein by reference to Exhibit (c)(1) of the Schedule 14D-1 filed by TRW on November 26, 1997, as amended). (2.2) Stockholders Agreement, dated as of November 20, 1997, by and among TRW, Purchaser, The Carlyle Partners Leveraged Capital Fund I, L.P., BDM Acquisition Partners, L.P., BDM Acquisition Partners II, L.P., The Carlyle Group, L.P., and TWC Virginia, Inc. (incorporated herein by reference to Exhibit (c)(2) of the Schedule 14D-1 filed by TRW on November 26, 1997, as amended). (4.1) Amendment to Multi-Year Revolving Credit Agreement, dated as of May 8, 1996, by and among TRW and various financial institutions (incorporated herein by reference to Exhibit (b)(1) of the Schedule 14D-1 filed by TRW on November 26, 1997, as amended). (4.2) Amendment to Multi-Year Revolving Credit Agreement (as amended and restated as of May 8, 1996), dated August 7, 1997, by and among TRW and various financial institutions (incorporated herein by reference to Exhibit (b)(2) of the Schedule 14D-1 filed by TRW on November 26, 1997, as amended). (4.3) Form of Revolving Credit Agreement (incorporated herein by reference to Exhibit (b)(4) of the Schedule 14D-1 filed by TRW on November 26, 1997, as amended). (99) Text of Press Release issued by TRW, dated December 26, 1997 (incorporated herein by reference to Exhibit (a)(11) to the Final Amendment to the Schedule 14D-1 filed by TRW on November 26, 1997, as amended). 4 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. TRW INC. By /s/ William B. Lawrence ----------------------------------------- William B. Lawrence Executive Vice President, General Counsel and Secretary Date: December 30, 1997 -----END PRIVACY-ENHANCED MESSAGE-----