-----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, MlMlbUd957pdnSfNs97xOqSBiJWBLBMrwe5FF028CJBwyohiw0Rvvcuc+5ymAo1X d2NgSkBXwNiCjoWes+DLUg== 0000950123-97-008524.txt : 19971015 0000950123-97-008524.hdr.sgml : 19971015 ACCESSION NUMBER: 0000950123-97-008524 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19971013 ITEM INFORMATION: FILED AS OF DATE: 19971014 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIR PRODUCTS & CHEMICALS INC /DE/ CENTRAL INDEX KEY: 0000002969 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INORGANIC CHEMICALS [2810] IRS NUMBER: 231274455 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-04534 FILM NUMBER: 97694757 BUSINESS ADDRESS: STREET 1: 7201 HAMILTON BLVD CITY: ALLENTOWN STATE: PA ZIP: 18195-1501 BUSINESS PHONE: 2154814911 8-K 1 AIR PRODUCTS AND CHEMICALS, INC. 1 UNITED STATES 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) 13 October 1997 ----------------- Air Products and Chemicals, Inc. -------------------------------------------------- (Exact name of registrant as specified in charter) Delaware 1-4534 23-1274455 - ---------------------------- ---------------- ------------------- (State of other jurisdiction (Commission file (IRS Identification of incorporation) number) number) 7201 Hamilton Boulevard, Allentown, Pennsylvania 18195-1501 - ------------------------------------------------ ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (610) 481-4911 -------------- 2 Item 5. Other Events. The Registrant announced today it has entered into an agreement in principle to sell its 50 percent interest in American Ref-Fuel Company -- its waste-to-energy joint venture with Browning-Ferris Industries Inc. (BFI) -- to a new company formed by Duke Energy Power Services, a subsidiary of Duke Energy Corporation, and United American Energy Corp. Air Products Chairman H. A. Wagner said, "This agreement will offer Air Products fair value for its ownership interest in American Ref-Fuel. This divestiture is consistent with our previously announced intent to enhance shareholder value by concentrating Air Products' attention and resources on our core gases and chemicals businesses." The sale is subject to the completion of a definitive agreement, and approvals by each company's board of directors and relevant regulatory agencies. The transaction is expected to close in December 1997. Air Products will receive a majority of the transaction value in cash at that time, and will retain a limited partnership interest in one project which is undergoing a power agreement restructuring. The restructuring is expected to be completed within one year, at which point Air Products would receive cash. 2 3 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, thereunto duly authorized. Air Products and Chemicals, Inc. --------------------------------------- (Registrant) Dated: 13 October 1997 By: /s/ Arnold H. Kaplan ----------------------------------- Arnold H. Kaplan Senior Vice President - Finance 3 -----END PRIVACY-ENHANCED MESSAGE-----