-----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, WYlOv6frnH/nbZZtXiXip5iHcHDPzLTG/eHbaudxbF1/dOUABxhUPITOp58tHlr+ KWLreR8KQ6/gEH0n4CFfMA== 0000202763-97-000007.txt : 19970421 0000202763-97-000007.hdr.sgml : 19970421 ACCESSION NUMBER: 0000202763-97-000007 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970407 ITEM INFORMATION: Other events FILED AS OF DATE: 19970418 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: SYNCOR INTERNATIONAL CORP /DE/ CENTRAL INDEX KEY: 0000202763 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-DRUGS PROPRIETARIES & DRUGGISTS' SUNDRIES [5122] IRS NUMBER: 850229124 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-08640 FILM NUMBER: 97583095 BUSINESS ADDRESS: STREET 1: 6464 CANOGA AVENUE CITY: WOODLAND HILLS STATE: CA ZIP: 91367 BUSINESS PHONE: 8187574000 MAIL ADDRESS: STREET 2: 20001 PRAIRIE ST CITY: CHATSWORTH STATE: CA ZIP: 91311 FORMER COMPANY: FORMER CONFORMED NAME: NUCLEAR PHARMACY INC DATE OF NAME CHANGE: 19860309 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): April 7, 1997 Commission File Number 0-8640 SYNCOR INTERNATIONAL CORPORATION (Exact name of registrant as specified in its charter) Delaware 85-0229124 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 6464 Canoga Avenue, Woodland Hills, California 91367-2407 (Address of principal executive offices) (Zip Code) (818) 737-4000 (Registrant's telephone number, including area code) =================================================================== ITEM 2. ACQUISITION OF ASSETS. On April 7, 1997, Syncor Pharmaceuticals, Inc., a Delaware corporation ("Pharmaceuticals") and a wholly-owned subsidiary of Syncor International Corporation, a Delaware corporation ("Syncor"), acquired all of the assets (the "Assets") of Golden Pharmaceuticals, Inc. ("Golden") relating to the manufacture and distribution of Iodine-123. The Assets included the New Drug Application for Iodine-123 capsules, the equipment used to manufacture Iodine-123 capsules and other equipment related to the Iodine-123 ness, existing inventory of Iodine-123, other New Drug Applications for which Syncor is currently evaluating potential new business opportunities, and the building facility and land used to manufacture Iodine-123 capsules. Pharmaceuticals intends to continue to use the Assets for the production of Iodine-123 capsules and the development of other Iodine-123-related products. Pharmaceuticals acquired the Assets for a purchase price of $6,700,000, of which $6,550,000 was paid in cash and $150,000 is to be paid pursuant to a promissory note with a term of one year. In connection with the acquisition, Pharmaceuticals obtained a $6,500,000 unsecured loan from The First National Bank of Chicago. The repayment of the loan is guaranteed by Syncor. The purchase price was based on a discounted cash flow analysis of Golden's Iodine-123 business. The valuation assumed normal growth in the nuclear medicine industry that would result in a corresponding growth in demand for Iodine-123 capsules. Prior to the consummation of the acquisition of the Assets, Syncor was the principal customer of Golden for its Iodine-123 capsules. SIGNATURE Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. SYNCOR INTERNATIONAL CORPORATION By: /s/ Haig Bagerdjian _____________________________ Haig S. Bagerdjian Senior Vice President, Secretary and General Counsel Date: 4/14/97 -----END PRIVACY-ENHANCED MESSAGE-----