-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, OW8iYgn+QNj6g0sZwVnIbRfFupboxZhKviH7JmPPSOIXmINtzOmLZbj0nuWGGbd4 dah/gdUMKVAywKe13J2rbQ== 0000051396-94-000015.txt : 19940921 0000051396-94-000015.hdr.sgml : 19940921 ACCESSION NUMBER: 0000051396-94-000015 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19940721 ITEM INFORMATION: Changes in control of registrant FILED AS OF DATE: 19940913 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: MALLINCKRODT GROUP INC CENTRAL INDEX KEY: 0000051396 STANDARD INDUSTRIAL CLASSIFICATION: 2834 IRS NUMBER: 361263901 STATE OF INCORPORATION: NY FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-00483 FILM NUMBER: 94548800 BUSINESS ADDRESS: STREET 1: 7733 FORSYTH BOULEVARD CITY: ST LOUIS STATE: MO ZIP: 63105 BUSINESS PHONE: 314-854-5299 MAIL ADDRESS: STREET 1: 7733 FORSYTH BLVD CITY: ST. LOUIS STATE: MO ZIP: 63105-1820 FORMER COMPANY: FORMER CONFORMED NAME: IMCERA GROUP INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: INTERNATIONAL MINERALS & CHEMICAL CORP DATE OF NAME CHANGE: 19900614 8-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Se ction 13 or 15(d) of the Securities Exc hange Act of 1934 August 25, 199 4 Mallinckrodt G roup Inc. (Exact name of registrant as specified in its charter) New York 1-483 36-1263901 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 7733 Forsyth Boulevard, St. Louis, MO 63105-1820 (Address of principal executive offices) (Zip Code) Registrant's telephone number, (314) 854-5200 including area code MALLINCKRODT GROUP ANNOUNCES PLANS TO REPURCHASE STOCK Item 5 ST. LOUIS, August 25, 1994 -- Mallinckrodt Group Inc. (NYSE:MKG) today announced it will purchase up to two million shares of the company's common stock over an unspecified period of time as market conditions warrant. The shares will be bought on the open market. C. Ray Holman, president and chief executive officer, said "Our Board of Directors and management have tremendous confidence in the future of this company. A share repurchase program reinforces that confidence and confirms our belief that our stock is a good investment opportunity." The current share repurchase plan falls under an October 1988 authorization for the purchase of up to 42 million shares of the company's common stock. Since that time, about 29 million shares have been purchased by the company, leaving approximately 13 million shares in the 1988 purchase authorization. Commenting on the fiscal year ended June 30, Holman said, "We were pleased with the 24 percent increase in earnings over the previous year to $287 million, prior to the previously announced restructuring charge, and net sales of $1.94 billion, which was an 8 percent increase over 1993." "We also were encouraged by a number of positive events that occurred during fiscal 1994. The company made two important acquisitions -- DAR, a leading Italian manufacturer of anesthesiology and respiratory products, and Catalyst Resources, Inc., purchased from Phillips Petroleum. Catalyst Resources is expected to double Mallinckrodt Chemical's catalyst business, and DAR gives Mallinckrodt Medical an expanded international presence and a platform for further growth in an area where many of our products already are market leaders," Holman said. "The U.S. Food and Drug Administration's mid-June approval of OctreoScan, a radiopharmaceutical for diagnosing certain cancer tumors, and early August authorization of Albunex, the first contrast media for use with ultrasound, were also good news in terms of outlook for the future. Both products have the potential to generate significant revenues," he added. "In addition, our recently signed agreement with Boehringer Ingelheim Animal Health, Inc., under which Mallinckrodt Veterinary will begin private-label marketing and distribution of certain Boehringer Ingelheim cattle respiratory vaccines in the United States immediately, marks the second notable step in our strategy to develop global leadership in biologicals, the fastest growing segment of the animal health industry. During fiscal 1994, we broke ground for a new world-class biological facility in Raleigh, North Carolina." "With these, and other major events anticipated in fiscal 1995, we are confident about our commitment to the aggressive growth and profit targets we have set." Holman said the company is committed to achieving compounded annual sales growth of 10 to 12 percent and earnings growth of at least 15 percent through 1999. Mallinckrodt Group Inc., a Fortune 250 company, had net sales of $1.94 billion in fiscal 1994. Headquartered in St. Louis, Missouri, the company provides human and animal health products and specialty chemicals through its three international technology-based businesses -- Mallinckrodt Chemical and Mallinckrodt Medical, both headquartered in St. Louis, Missouri and Mallinckrodt Veterinary, headquartered in Mundelein, Illinois. Mallinckrodt Group and its subsidiaries have approximately 10,000 employees worldwide. -----END PRIVACY-ENHANCED MESSAGE-----